Examples of Vesting Service in a sentence
Participants will vest in their Matching and Formula Based Accounts (as applicable) 20% per year of Vesting Service.
If the Employer maintains the plan of a predecessor employer, service with such predecessor employer shall be treated as service with the Employer for purposes of Vesting Service.
A Participant's Vesting Percentage is shown in the following schedule opposite the number of whole years of his Vesting Service.
Vesting Service: A member is credited with a year of vesting service for each Plan Year commencing on or after July 1, 2014 during which the member performs 1,000 or more hours of work for the employer.
In no event will a Participant be credited with fewer Years of Vesting Service under the Plan than the Participant would have been credited with under the vesting rules of the Prior Plan.