Vested Percentage definition

Vested Percentage means the sum of the following percentages: (i) 2% multiplied by your Years of Service, plus (ii) 8% multiplied by the number of Years you have been designated a participant in the Plan; provided, however, (w) prior to completing five Years of Service the Vested Percentage is 0,(x) on or prior to your fiftieth birthday your Vested Percentage may not exceed 50%, (y) on or prior to each of your birthdays following your fiftieth birthday your Vested Percentage may not exceed the sum of 50% plus the product obtained by multiplying 5% by the number of birthdays that have occurred following your fiftieth birthday, and (z) your Vested Percentage in no event may exceed 100%.

Vested Percentage means the percentage of the supplemental retirement benefit in Section 2 earned by the Employee, subject in any event to the forfeiture provision of Section 4 and the change in control provision of Section 5. The Vested Percentage is one hundred percent (100%) in any of the following circumstances:

Vested Percentage as of any Determination Date shall mean (x) if the First Performance Hurdle has not been satisfied, 33.33%, or (y) if the First Performance Hurdle has been satisfied, but the Second Performance Hurdle has not been satisfied, 66.66%, or (z) if the First Performance Hurdle and the Second Performance Hurdle have been satisfied, 100%.

Examples of Vested Percentage in a sentence

• For the University contribution, vested percentage is as follows: Years of Vested Service* Vested Percentage Less than 2 years ………………….

• Vested according to the following vesting schedule: Years of Service Vested Percentage For this purpose, a “Year of Service” means: .

• For the University contribution, vested percentage is as follows: Years of Vested Service Vested Percentage Less than 2 years…………….

• Such percentage shall be calculated pursuant to the following table: TSR Percentile Rank: Vested Percentage: 75th or higher 150 % 60th 100 % 30th 50 % Below 30th 0 % The vested percentage attributable to a TSR Percentile Rank between the 30th and 60th percentiles, or between the 60th and 75th percentiles, shall be determined by straight-line interpolation.

• The right to a deferred pension paid for by the Company is ”vested” in the employee on a graduated scale basis as shown in the following table: Completed Years of Service Under 5 years Vested Percentage Nil 5 years 50% 6 years 60% 7 years 70% 8 years 80% 9 years 90% 10 or more 100% Vesting as set out above automatically applies with respect to the non-contributory part of the Plan, except for benefits earned after 1986 that are “vested” after 2 years of credited service.

More Definitions of Vested Percentage

Vested Percentage has the meaning set forth in Section 11.01(d)(i).

Vested Percentage means the amount equal to with respect to any Founding/Working Partner or REU Partner, (i) 0% until (A) such Partner’s Article XI Term with respect to such Extraordinary Account for such Unit equals three (3) years or (B) with respect to a Founding/Working Partner holder of Grant Units only, the later of clause (A) or the continuous employment or service of such Founding/Working Partner for his, her or its term of employment or service (as set forth in such Founding/Working Partner’s employment agreement, services agreement or similar agreement with such Person, if any, entered into in connection with the issuance of the Grant Units but excluding any automatic renewals thereof) (the date determined in clause (A) or (B) as applicable, being the “Initial Vesting Date”), and (ii) 30% as of the Initial Vesting Date and increasing by 10% on each yearly anniversary of such date until such Partner’s Vested Percentage for such Extraordinary Account for such Unit equals 100%; provided that the General Partner in its sole and absolute discretion may accelerate the vesting of a Founding/Working Partner’s or REU Partner’s Extraordinary Account and may accelerate the distribution of such vested amounts.

Vested Percentage of the Option shall be as follows:

Vested Percentage means the percentage specified in Section 2.4(A)(1) hereof in which the Participant has a nonforfeitable right to his accrued benefit attributable to Employer contributions, based upon his number of years of Vesting Service and his age as of the date that such percentage is being determined; provided, however, that the Vested Percentage of a Participant who has accrued Vesting Service during any Plan Year that the Plan is top-heavy shall be subject to the provisions of Section 4.6 hereof.

Vested Percentage means 100%.

Vested Percentage means the following: Years of Service as a Director Vested Percentage 5 50% 10 75%

Vested Percentage means, with respect to each Option, the portion of the Option in which the Recipient has become vested, as determined under Section 4.3.2, below.