Years of Vesting Service. A Year of Vesting Service is the 12 consecutive month period specified in the Adoption Agreement in which an Employee performs at least 1000 Hours of Service unless a lesser number is specified. For this purpose, the computation period shall be: (Select a., b., c. or d.) ☐ a. The Plan Year ☐ b. The Eligibility Computation Period selected at Part II.A.3 ☐ c. The 12-month period ending on the Participant's employment anniversary date ☐ d. The calendar year ending with or within the Plan Year. In lieu of 1,000 Hours of Service, the Participant's service shall be:
Years of Vesting Service. If the Optionee is age 55 to 61 with at least ten (10) years of vesting service and dies while in the employ of the Company, all unvested Optioned Shares vest and become immediately exercisable in full. Those Optioned Shares shall continue to be exercisable through the earlier to occur of three (3) years after the Optionee’s death or the expiration of the Term of the Option. Any vested, but unexercised Optioned Shares as of the date of death shall continue to be exercisable through the expiration of the Term of the Option.
Years of Vesting Service. If the Optionee is under the age of 55, or at any age with less than ten (10) years of vesting service, and dies within ninety (90) days after termination of employment, all vested, but unexercised Optioned Shares as of the date of death shall continue to be exercisable through the earlier to occur of ninety (90) days after the date of the Optionee’s death or the expiration of the Term of the Option. Provided, however, that if the Optionee’s death occurs within one (1) year of the Date of Grant, the Option shall terminate upon the date of death.
Years of Vesting Service. The total of all completed months of Executive's employment with the Company Group commencing on the Effective Date, and ending on the earlier of (i) the first date after the Effective Date on which Executive is not employed by the Company Group or (ii) the date of Executive's death, in either case divided by twelve.
Years of Vesting Service. A Participant whose participation is not covered by a Collective Bargaining Agreement and has at least one Hour of Service after June 30, 1989 becomes fully vested after completion of five (5) Years of Vesting Service.
Years of Vesting Service. If the Participant has at least five (5) Years of Vesting Service but less than ten (10) Years of Vesting Service and is not under a break in service as of December 31, 1998, the Participant shall attain Vested Status immediately after working one Hour of Service in 1999.
Years of Vesting Service. The vesting schedule of this Plan consists of one hundred percent (100%) nonforfeitability for a Participant who has completed at least five (5) Years of Vesting Service. While this Plan provides certain types of pensions on the basis of requirements that may be met by some Participants who have not completed the required Years of Vesting Service, such eligibility rules represent provisions of the Plan above and beyond its vesting schedule.
Years of Vesting Service. ( ) % (zero or higher) vesting after 1 Year of Vesting Service % (zero or higher) vesting after 2 Years of Vesting Service % (20 or higher) vesting after 3 Years of Vesting Service % (40 or higher) vesting after 4 Years of Vesting Service % (60 or higher) vesting after 5 Years of Vesting Service % (80 or higher) vesting after 6 Years of Vesting Service
Years of Vesting Service. Note: If this Option is elected, Participants who are employed by the Employer or a Related Employer on the date they reach Early Retirement Age shall be 100% vested in their Accounts under the Plan. (c) /x/ A Participant who becomes disabled, as defined in Section 1.14, is eligible for disability retirement. Note: If this Option is elected, Participants who are employed by the Employer or a Related Employer on the date they become disabled shall be 100% vested in their Accounts under the Plan. 1.14
Years of Vesting Service. Each Employee shall be credited with a Year of Vesting Service for each Plan Year for which he is credited with 1,000 or more Hours of Service. An Employee who has been credited with fewer than 1,000 Hours of Service for a Plan Year shall be credited with one-twelfth (1/12) of a Year of Vesting Service for each eighty (80) of such Hours of Service, computed to the nearest one-twelfth (1/12); provided that any Participant who completes at least forty (40) such Hours of Service during any Plan Year will accrue at least one-twelfth (1/12) of a Year of Vesting Service.
