Company Match. You shall become vested in your Company Matching Contribution and all distributions credited with respect to Units into which your Company Matching Contribution has been converted, in installments of one-third of the amount of your Company Matching Contribution and such distributions as of December 31 of each of 2002, 2003 and 2004, provided that you remain in the employ of the Company or an affiliate as of each such December 31, except that the entire amount of your Company Matching Contribution and the related distributions credited to you will fully vest if, prior to your Termination of Employment, you die, incur a Disability or attain age 62. In the event of your Termination of Employment prior to age 62 other than due to death or Disability, to the extent that any portion of your Company Matching Contribution and related distributions is not vested as of the date of your Termination of Employment, such unvested portion shall be forfeited by you.
Company Match. As of each date on which amounts are credited to the Deferred Compensation Account pursuant to paragraph 1(a), there shall also be credited to the Deferred Compensation Account a Company Match amount equal to the sum of (i) 25% of the amount credited to the Deferred Compensation Account as of such date pursuant to paragraph 1(a) which is not in excess of one-half of the Executive’s total gross bonus for the Bonus Year and (ii) 33 1/3% of the amount credited to the Deferred Compensation Account as of such date pursuant to paragraph 1(a) which is in excess of one-half of the Executive’s total gross bonus for the Bonus Year. One-third of the amount credited to the Executive’s Deferred Compensation Account pursuant to this paragraph 1(b) (as adjusted for deemed investment returns hereunder) shall become vested on each of the first three annual anniversary dates of December 31, 2006, provided that the Executive is an employee of the Company (or a parent or subsidiary of the Company) on such date and the amount credited to the Deferred Compensation Account pursuant to paragraph 1(a) has not been withdrawn or distributed before such date.
Company Match. Prior to the Distribution, Parent shall amend the Parent Savings Plan to provide for the making of matching contributions under the Parent Savings Plan to Xxxxx Xxxxxxx Employees for contributions made to the Parent Savings Plan by such Xxxxx Xxxxxxx Employees on or prior to the Distribution Date. As soon as possible following the Distribution Date (the "MATCH DATE"), Parent shall, to the extent (a) permissible under Treasury regulations and (b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the Parent Savings Plan, contribute to accounts of Xxxxx Xxxxxxx Employees under the Parent Savings Plan all matching contributions, if any, due to the Xxxxx Xxxxxxx Employees who participate in the Parent Savings Plan through the Distribution Date pursuant to the terms and conditions of the Parent Savings Plan. As soon as practicable following the end of the year in which the Distribution Date occurs, Xxxxx Xxxxxxx shall, to the extent (a) permissible under Treasury regulations and (b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the Xxxxx Xxxxxxx Savings Plan, contribute to the Xxxxx Xxxxxxx Savings Plan all matching contributions, if any, due under the terms and conditions of the Piper Jaffray Savings Plan to the Xxxxx Xxxxxxx Employees who participate in the Xxxxx Xxxxxxx Savings Plan from the Distribution Date through the end of the year in which the Distribution Date occurs.
Company Match. As of each date on which an amount is credited to the Deferred Compensation Account pursuant to paragraph 1(a), there also shall be credited to the Deferred Compensation Account a Company Match amount equal to the sum of (i) 25% of the amount credited to the Deferred Compensation Account pursuant to paragraph 1(a) which does not exceed one-half of the Executive’s total gross bonus for the Bonus Year and (ii) 33 1/3% of the amount credited to the Deferred Compensation Account pursuant to paragraph 1(a) which exceeds one-half of the Executive’s total gross bonus for the Bonus Year.
Company Match. Company Match" means the match which the Company accrues with respect to the amount deferred during a Deferral Year by an Employee under this Agreement.
Company Match. Prior to the Distribution, NCR shall amend the NCR Savings Plan to provide for the making of matching contributions under the NCR Savings Plan to Teradata Employees for contributions made to the NCR Savings Plan by such Teradata Employees on or prior to the Distribution Date, or, if applicable, the Return Date. As soon as practicable following the Distribution Date but prior to the transfer of accounts to the Teradata Savings Plan and Teradata Savings Plan Trust described in Section 3.1 (the “Match Date”), NCR shall, to the extent (a) permissible under Treasury regulations and (b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the NCR Savings Plan, contribute to accounts of Teradata Employees under the NCR Savings Plan all matching contributions, if any, due to the Teradata Employees who participate in the NCR Savings Plan through the Distribution Date, or, if applicable, the Return Date, pursuant to the terms and conditions of the NCR Savings Plan. Following the Distribution Date, Teradata shall, to the extent (a) permissible under Treasury regulations and (b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the Teradata Savings Plan, contribute to the Teradata Savings Plan all matching contributions, if any, due under the terms and conditions of the Teradata Savings Plan to the Teradata Employees who participate in the Teradata Savings Plan from the Distribution Date or, if applicable, the Return Date, through the end of the year in which the Distribution Date or Return Date occurs, as applicable.
Company Match. One-third of the Company Match amount credited to the Executive's Deferred Compensation Account pursuant to paragraph 1(b) (as adjusted for deemed investment returns) shall become vested on each of the first three annual anniversary dates of December 31, [BONUS YEAR], provided that the Executive remains continuously employed by the Company or an affiliate thereof until such date and the related amount credited to the Deferred Compensation Account pursuant to paragraph 1(a) has not been withdrawn or distributed before such date. Any Company Match amount (as adjusted for deemed investment returns) that is not vested as of the date that the related bonus amount credited to the Deferred Compensation Account is withdrawn or distributed shall be forfeited as of the date of such withdrawal or distribution. Notwithstanding the foregoing, the Company Match amount (as adjusted for deemed investment returns), to the extent not forfeited previously, shall become 100% vested upon (i) the Executive’s separation from service by reason of the Executive’s retirement or death or (ii) the Executive suffering a permanent disability prior to the Executive’s separation from service.
Company Match. As of each date on which amounts are credited to the Deferred Compensation Account pursuant to paragraph 1(a), there shall also be credited to the Deferred Compensation Account a Company Match amount equal to the sum of (i) 25% of the amount credited to the Deferred Compensation Account as of such date pursuant to paragraph 1(a) which is not in excess of one-half of the Executive’s total gross bonus for the Bonus Year and (ii) 33 1/3% of the amount credited to the Deferred Compensation Account as of such date pursuant to paragraph 1(a) which is in excess of one-half of the Executive’s total gross bonus for the Bonus Year. One-third of the amount credited to the Executive’s Deferred Compensation Account pursuant to this paragraph 1(b) (as adjusted for deemed investment returns hereunder) shall become vested on each of the first three anniversaries of the end of the Bonus Year, provided that the Executive is an employee of the Company (or a parent or subsidiary of the Company) on such date and the amount credited to the Deferred Compensation Account pursuant to paragraph 1(a) has not been withdrawn or distributed before such date.
Company Match. The Company Match credited to the Employee's Account, together with any increase in the accruals as a result of the rise in the value of the non-monetary units after they have been initially allocated, shall be 100% vested on the Employee's Retirement, death or Disability while employed with the Company, except for the events of forfeiture described in Section 6.5. In addition, the Company Match credited to the Employee's Account, together with any increase in the accruals as a result of the rise in the value of the non-monetary units after they have been initially allocated, shall, subject to provisions set forth below, vest at the rate set out in the vesting schedule below, except for events of forfeiture described in Section 6.5 and upon termination of this Agreement as provided in Section 9.3. PERCENTAGE OF COMPLETED YEARS OF COMPANY MATCH SERVICE WITH THE COMPANY AND INCREASE VESTED Less than one year....................................0% One but less than two................................20% Two but less than three..............................40% Three but less than four.............................60% Four but less than five..............................80% Five or more........................................100% ; provided, however, the Company Match provided in respect of any Deferral shall not be vested until such time as the Employee shall have completed at least one year of service with the Company or one or more of its Subsidiaries from the date on which such Deferral is made. In the event there shall occur a Change of Control, or a termination of the Employee's employment by the Company without cause, the Employee shall be considered 100% vested in the Company Match credited to his Account notwithstanding the foregoing restrictions on vesting.
Company Match. The Company will make a matching contribution of 100% for up to the first 5% of an eligible employee’s wage contributed by the employee to the Plan. Plan expenses related to individual accounts will be charged to each employee’s account.
