Common use of Company Deferrals, General Rule Clause in Contracts

Company Deferrals, General Rule. A Participant’s years of completed service in this Plan are identical to his “Period of Service” in the Savings Plan. A Participant will vest in the portion of his Plan Account that is attributable to Company Deferrals according to the following schedule, unless subsection (c) provides for faster vesting: Years of Completed Service Vested Portion Less than 1 0 % 1 20 % 2 40 % 3 60 % 4 80 % 5 or more 100 %

Appears in 3 contracts

Samples: Apache Corp, Apache Corp, Apache Corp

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Company Deferrals, General Rule. A Participant’s years of completed service in this Plan are identical to his “Period of Service” in the Savings Plan. A Subject to subsection (e), a Participant will vest in the portion of his Plan Account that is attributable to Company Deferrals according to the following schedule, unless subsection (c) provides for faster vesting: Years of Completed Service Vested Portion Less than 1 0 % 1 20 % 2 40 % 3 60 % 4 80 % 5 or more 100 %

Appears in 2 contracts

Samples: Apache Corp, Apache Corp

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Company Deferrals, General Rule. A Participant’s years of completed service in this Plan are identical to his “Period of Service” in the Savings Plan. A Participant will vest in the portion of his Plan Account that is attributable to Company Deferrals according to the following schedule, unless subsection (c) provides for faster vesting: Years of Completed Service Vested Portion Less than 1 0 0% 1 20 20% 2 40 40% 3 60 60% 4 80 80% 5 or more 100 100%

Appears in 1 contract

Samples: Apache Corp

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