AMENDMENT TO VESTING SCHEDULE. Though the Employer reserves the right to amend the vesting schedule at any time, the Advisory Committee will not apply the amended vesting schedule to reduce the Nonforfeitable percentage of any Participant's Accrued Benefit derived from Employer contributions (determined as of the later of the date the Employer adopts the amendment, or the date the amendment becomes effective) to a percentage less than the Nonforfeitable percentage computed under the Plan without regard to the amendment. An amended vesting schedule will apply to a Participant only if the Participant receives credit for at least one Hour of Service after the new schedule becomes effective. If the Employer makes a permissible amendment to the vesting schedule, each Participant having at least 3 Years of Service with the Employer may elect to have the percentage of his Nonforfeitable Accrued Benefit computed under the Plan without regard to the amendment. For Plan Years beginning prior to January 1, 1989, the election described in the preceding sentence applies only to Participants having at least 5 Years of Service with the Employer. The Participant must file his election with the Advisory Committee within 60 days of the latest of (a) the Employer's adoption of the amendment; (b) the effective date of the amendment; or (c) his receipt of a copy of the amendment. The Advisory Committee, as soon as practicable, must forward a true copy of any amendment to the vesting schedule to each affected Participant, together with an explanation of the effect of the amendment, the appropriate form upon which the Participant may make an election to remain under the vesting schedule provided under the Plan prior to the amendment and notice of the time within which the Participant must make an election to remain under the prior vesting schedule. The election described in this Section 7.05 does not apply to a Participant if the amended vesting schedule provides for vesting at least as rapid at all times as the vesting schedule in effect prior to the amendment. For purposes of this Section 7.05, an amendment to the vesting schedule includes any Plan amendment which directly or indirectly affects the computation of the Nonforfeitable percentage of an Employee's rights to his Employer derived Accrued Benefit. Furthermore, the Advisory Committee must treat any shift in the vesting schedule, due to a change in the Plan's top heavy status, as an amendment to the vesting schedule for purposes of this Section 7.05....
AMENDMENT TO VESTING SCHEDULE. Though the Employer reserves the right to amend the vesting schedule at any time, the Advisory Committee will not apply the amended vesting schedule to reduce the Nonforfeitable percentage of any Participant's Accrued Benefit derived from Employer contributions (determined as of the later of the date the Employer adopts the amendment, or the date the amendment becomes effective) to a percentage less than the Nonforfeitable percentage computed under the Plan without regard to the amendment. An amended vesting schedule will apply to a Participant only if the Participant receives credit for at least one Hour of Service after the new schedule becomes effective.
AMENDMENT TO VESTING SCHEDULE. Though the Employer reserves the right to amend the vesting schedule at any time, the Advisory Committee will not apply the amended vesting schedule to reduce the Nonforfeitable percentage of any Participant's Accrued Benefit derived from Employer contributions (determined as of the later of the date the Employer adopts the amendment, or the date the amendment becomes effective) to a percentage less than the Nonforfeitable percentage computed under the Plan without regard to the amendment. An amended vesting schedule will apply to a Participant only if the Participant receives credit for at least one Hour of Service after the new schedule becomes effective. If the Employer makes a permissible amendment to the vesting schedule, each Participant having at least 3 Years of Service with the Employer may elect to have the percentage of his Nonforfeitable Accrued Benefit computed under the Plan without regard to the amendment. For Plan Years beginning prior to January 1, 1989, the election described in the preceding sentence
AMENDMENT TO VESTING SCHEDULE. The Employer under Section 11.02 may amend the Plan's vesting schedule(s) under Section 5.03 at any time, subject to this Section 5.08. For purposes of this Section 5.08, an amendment to the vesting schedule includes any Plan amendment which directly or indirectly affects the computation of the Vested percentage of a Participant's Account Balance. In addition, any shift in the Plan's vesting schedule under Article X, due to a change in the Plan's top-heavy status, is an amendment to the vesting schedule for purposes of this Section 5.08.
AMENDMENT TO VESTING SCHEDULE. The Vesting Schedule for purposes of the Option Agreement, as set forth in the Notice portion of the Option Agreement, is amended as of the Amendment Effective Time to provide as follows: • The Shares subject to the Option shall be fully unvested and unexercisable effective as of the Amendment Effective Time (regardless of whether the Option was partially or fully vested prior to such time); •
AMENDMENT TO VESTING SCHEDULE. The Employer under Section 13.02 may ----------------------------- amend the Plan's vesting schedule(s) under Section 5.03 at any time. However, the Plan Administrator will not apply the amended vesting schedule to reduce any Participant's existing Vested percentage (determined on the later of the date the Employer adopts the amendment, or the date the amendment becomes effective) in the Participant's existing and future Account Balance attributable to Employer contributions, to a percentage less than the Vested percentage computed under the Plan without regard to the amendment. Furthermore, an amended vesting schedule will apply to a Participant only if the Participant receives credit for at least one Hour of Service after the new vesting schedule becomes effective.
AMENDMENT TO VESTING SCHEDULE. PARTICIPANT ADMINISTRATIVE PROVISIONS
AMENDMENT TO VESTING SCHEDULE. Notwithstanding anything to the contrary contained in this Amendment, the Option Agreement or the Plan, the parties hereby agree that (a) no Class A Options shall vest after June 30, 1999 and the Vested Percentage of any Class A Options shall not increase after June 30, 1999 and (b) 4,205 of the Class A Options granted pursuant to the Option Agreement shall be cancelled.
AMENDMENT TO VESTING SCHEDULE. The Vesting Schedule for purposes of the Option Agreement, as set forth in the Notice portion of the Option Agreement, is amended as of the Amendment Effective Time to provide as follows: • The Shares subject to the Option shall be fully unvested and unexercisable effective as of the Amendment Effective Time (regardless of whether the Option was partially or fully vested prior to such time); • Twenty-five percent (25%) of the Shares subject to the Option shall be scheduled to vest on March 29, 2025; and one twelfth (1/12th) of the remaining Shares subject to the Option shall be scheduled to vest on each subsequent Quarterly Vesting Date (as defined below) thereafter, in each case subject to Participant’s continuing to be a Service Provider (as defined in the 2021 Plan) if the Option was granted under the 2021 Plan, or Participant’s Continuous Service (as defined in the 2015 Plan) if the Option was granted under the 2015 Plan, in either case through the applicable vesting date.
AMENDMENT TO VESTING SCHEDULE. The Parties agree that the vesting schedule set forth in Section 3.4 of the Original Agreement shall be deleted. The Options shall vest and become fully exercisable as of March 31, 2011. The term vesting schedule referred to in the Original Agreement, the Option Supplementary Agreement, the Second Option Supplementary Agreement and all other instruments and agreements executed, delivered or entered into thereunder or pursuant thereto shall be amended and construed such that all Options shall become vest and fully exercisable on March 31, 2011.
