Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Profit-Sharing Contributions, Matching 401(k) Contributions and/or Matching Thrift Contributions, if applicable, in accordance with the following schedule (Select one):
Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Matching Contribution and Profit Sharing Contribution Account(s), if applicable, in accordance with the following schedule (select one for each column as applicable): Matching Profit Sharing Contributions Contributions
Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Profit-Sharing Contributions, Matching 401(k) Contributions and/or Matching Thrift Contributions, if applicable, in accordance with the following schedule (Select one): Matching 401(k) and/or Matching Profit-Sharing Thrift contributions Contributions -------------------- ------------- |X| |X| (a) 100% vesting immediately upon participation. |_| |_| (b) 100% after _____ (not more than 5) years of Vesting Service.
Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Profit-Sharing Contributions, Matching 401(k) Contributions and/or Matching Thrift Contributions, if applicable, in accordance with the following schedule (Select one): MATCHING 401(K) AND/OR MATCHING THRIFT CONTRIBUTIONS PROFIT-SHARING CONTRIBUTIONS / / / / (a) 100% vesting immediately upon participation. / / / / (b) 100% after ___ (not more than 5) years of Vesting Service. / / / / (c) Graded vesting schedule: 0% ___% after 1 year of Vesting Service; 25% ___% after 2 years of Vesting Service; 50% ___% (not less than 20%) after 3 years of Vesting Service; 75% ___% (not less than 40%) after 4 years of Vesting Service; 100% ___% (not less than 60%) after 5 years of Vesting Service; 100% ___% (not less than 80%) after 6 years of Vesting Service; 100% after 7 years of Vesting Service.
Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Profit-Sharing Contributions, Matching 401(k) Contributions and/or Matching Thrift Contributions, if applicable, in accordance with the following schedule (Select one): MATCHING 401(K) AND/OR MATCHING THRIFT PROFIT-SHARING CONTRIBUTIONS CONTRIBUTIONS |_| |_| (a) 100% vesting immediately upon participation. |_| |_| (b) 100% after ___ (not more than 5) years of Vesting Service. |X| |X| (c) Graded vesting schedule: 20% 20% after 1 year of Vesting Service; -- -- 40% 40% after 2 years of Vesting Service; -- -- 100% 100% (not less than 20%) after 3 years of Vesting Service; --- --- % % (not less than 40%) after 4 years of Vesting Service; -- % % (not less than 60%) after 5 years of Vesting Service; -- % % (not less than 80%) after 6 years of Vesting Service; -- 100% after 7 years of Vesting Service.
Employer Contribution Accounts. Each Participant's Employer Contribution Account shall be further subdivided into the following two Accounts:
Employer Contribution Accounts. The portion of a Participant's Accrued Benefit consisting of his Employer Matching Contributions Account and his Discretionary Employer Contributions Account.
Employer Contribution Accounts. The portion of a Participant's Account consisting of his Employer Matching Contributions, Discretionary Profit Sharing Contributions, Qualified Nonelective Contributions, Qualified Matching Contributions, Safe Harbor Matching Contributions, Safe Harbor Nonelective Contributions and ACP Test Only Safe Harbor Matching Contributions subaccounts.
Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Matching Contribution and Profit Sharing Contribution Account(s), if applicable, in accordance with the following schedule (select one for each column as applicable): Matching Contributions Profit Sharing Contributions ¨ ¨ (a ) 100% vesting immediately upon participation. ¨ (b ) 100% after ____ (not more than 3) years of Vesting Service. ¨ (c ) 100% after ____ (not more than 5) years of Vesting Service. þ þ (d ) Graded vesting schedule: 0% 0% immediately upon participation; 20% 20% after 1 year of Vesting Service; 40% 40% after 2 years of Vesting Service; 60% 60% after 3 years of Vesting Service; 80% 80% after 4 years of Vesting Service; 100 % 100% after 5 years of Vesting Service; 100% 100% after 6 years of Vesting Service; 100% 100% after 7 years of Vesting Service; Note: the vesting schedule that applies to (1) Matching Contributions must satisfy either a 3-year cliff vesting schedule in
Employer Contribution Accounts. The accounts maintained to record a participant’s share of the contributions made by the Company and the contributions made pursuant to retirement savings agreements between the participant and the Company. The accounts will include all accounts maintained for participants except rollover accounts.
