Examples of Vesting Day in a sentence
In default of and subject to any such appointment as aforesaid the Plan Trustees shall on the Vesting Day stand possessed of the whole of the Trust Fund for such of the Beneficiaries being individuals then living or any one or more of them in such shares as the Plan Trustees shall prior to or on the Vesting Day in their absolute discretion determine and in default of such determination in equal shares absolutely for such of the Beneficiaries being individuals as shall then be living.
Any balance of the Death Benefit not distributed or retained for distribution in a separate account outside the Trust Fund immediately prior to the Vesting Day shall be retained by the Plan Trustees for the payment of Scheme expenses under Rule 32 of the Rules.
The cost to the Company of the assets acquired on Vesting Day was determined by the then Minister for Communications, Marine and Natural Resources.
Metis may at any time and from time to time by deed appoint such authorised person or authorised persons as Metis in its absolute discretion determines to be included as Beneficiaries provided such authorised person or authorised persons is or are born or in existence before the Vesting Day.
No reinstatement is allowed if the Trust Plan has been terminated or after the Vesting Day.