Common use of Company Deferrals, Accelerated Vesting Clause in Contracts

Company Deferrals, Accelerated Vesting. A Participant is fully vested in the portion of his Plan Account that is attributable to Company Deferrals in the following circumstances. (i) The Participant is fully vested if he attains age 65 while he is an Employee. (ii) The Participant is fully vested if he becomes an Employee after attaining age 65. (iii) The Participant is fully vested if, while he is an Employee, he incurs a disability that qualifies the Employee for long-term disability payments under Apache’s Long-Term Disability Plan. (iv) The Participant is fully vested if he dies while he is an Employee. (v) All Participants are fully vested if a change of control, as defined in the Income Continuance Plan, occurs.