Vested Percentage. If Subsection (a) above applies, the vested percentage of the Restricted Stock Units shall be determined as soon as reasonably practicable after the Separation from Service. If the Change in Control occurred within 12 months after the Grant Date set forth in Section 1 (the “Grant Date”), then the vested percentage of the Restricted Stock Units shall be 100%. If the Change in Control occurred more than 12 months after the Grant Date, then the vested percentage of the Restricted Stock Units shall be determined pursuant to Section 2 as if the Performance Period had ended on the date of the Change in Control. The Compensation Committee of the Board of Directors of the Company’s successor (the “Successor Committee”) shall determine the Company’s TSR Percentile Rank as of the date of the Change in Control, and its determination shall be conclusive and binding on the Participant and the Company’s successor. The Successor Committee, at its sole discretion, may make appropriate adjustments in the vesting conditions set forth in Section 2(a) above in order to account for extraordinary events, including (without limitation) any effects related to the Change in Control.
Vested Percentage. Less than 2 years 0 % At least 2 years but less than 3 years 25 % At least 3 years but less than 4 years 50 % At least 4 years but less than 5 years 75 % 5 years or more 100 %
Vested Percentage. The percentage of a Member’s Account or Subaccount which is nonforfeitable pursuant to Article IV.
Vested Percentage. If a Participant’s employment with the Employer is terminated before his Normal Retirement Date for any reason other than Total and Permanent Disability or death, he shall be entitled to an amount equal to the “vested percentage” of his ESOP Account.
Vested Percentage. Vested Percentage is defined by the following schedule showing the Vested Percentage on the first day of the Company's fiscal year beginning in each of the years set forth in the schedule. Fiscal Year Beginning In Vested Percentage ------------------------ ------------------ 1993 1% 1994 2% 1995 3% 1996 4% 1997 5%
Vested Percentage. 1.17.1 Except as otherwise provided in Section 1.17.2, the Vested Percentage shall be 100%.
Vested Percentage. 1.17.1. Except as otherwise provided in Section 1.17.2, the Vested Percentage shall be determined based upon Years of SMT Service. Upon completion of five (5) Years of SMT Service, the Vested Percentage shall be twenty-five percent (25%). An additional 15% shall be added for each Year of SMT Service completed by the Executive thereafter. The Vested Percentage shall not exceed 100%.
Vested Percentage. The portion of Employee's Benefits that are Vested is referred to as Employee's "Vested Percentage." As of the Effective Date, Employee's initial Vested Percentage is 0%. On each anniversary of the Effective Date, Employee shall become Vested in his Benefits to the extent of an additional 10%, so that at a date which is ten years following the Effective Date his Vested Percentage shall be 100%.
Vested Percentage. 1.16.1 Except as otherwise provided in Section 1.16.2, the Vested Percentage shall be 0% from the effective date of this Agreement until December 31, 2019, and be 100% on and after January 1, 2020.
Vested Percentage. Prior to Initial Vesting Date. 0% On and after Initial Vesting Date, provided Optionee’s Service is continuous from Date of Option Grant until Initial Vesting Date. 25% On and after the day immediately preceding the day of the second annual meeting of the shareholders of the Company provided Optionee’s Service is continuous from Initial Vesting Date until such date. 50% On and after the day immediately preceding the day of the third annual meeting of the shareholders of the Company provided Optionee’s Service is continuous from Initial Vesting Date until such date. 100%
