Eligible Regular Employees. Subject to the terms and conditions of the Basic Plan Document, a Participant who is an Eligible Regular Employee and whose employment is terminated for any reason other than death or retirement shall earn a vested right in the Participant's accrued retirement benefit in accordance with the following schedule (check one): Cliff Vesting Schedule. Benefits shall be 100% vested after the Participant has a minimum of 5 years (insert number not to exceed 10) of Total Credited Service. Benefits remain 0% vested until the Participant satisfies this minimum. Graduated Vesting Schedule. Benefits shall become vested in accordance with the following schedule (insert percentages):
Appears in 5 contracts
Samples: Defined Benefit Retirement Plan, Defined Benefit Retirement Plan Adoption Agreement, Defined Benefit Retirement Plan Adoption Agreement
Eligible Regular Employees. Subject to the terms and conditions of the Basic Plan Document, a Participant who is an Eligible Regular Employee and whose employment is terminated for any reason other than death or retirement shall earn a vested right in the Participant's accrued retirement benefit in accordance with the following schedule (check one): Cliff Vesting Schedule. Benefits shall be 100% vested after the Participant has a minimum of 5 7 years (insert number not to exceed 10) of Total Credited Service. Benefits remain 0% vested until the Participant satisfies this minimum. Graduated Vesting Schedule. Benefits shall become vested in accordance with the following schedule (insert percentages):
Appears in 2 contracts
Samples: Defined Benefit Retirement Plan Adoption Agreement, Defined Benefit Retirement Plan
Eligible Regular Employees. Subject to the terms and conditions of the Basic Plan Document, a Participant who is an Eligible Regular Employee and whose employment is terminated for any reason other than death or retirement shall earn a vested right in the Participant's accrued retirement benefit in accordance with the following schedule (check one): Cliff Vesting Schedule. Benefits shall be 100% vested after the Participant has a minimum of 5 10 years (insert number not to exceed 10) of Total Credited Service. Benefits remain 0% vested until the Participant satisfies this minimum. Graduated Vesting Schedule. Benefits shall become vested in accordance with the following schedule (insert percentages):
Appears in 1 contract
