Graded Vesting Clause Samples
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Graded Vesting. The Performance Period for this Option is _____ years (more than one), with the first year beginning on the date specified in part I above and each subsequent year beginning on its anniversary. After each year of the Performance Period, as specified below, the Committee will determine whether the Performance Measures applicable to the period were achieved, as specified in part I above. Based upon that determination, the Committee will determine whether the Grantee vested in the correlating fraction of this Option for that period, all in accordance with the following schedule [below is an example]:
Graded Vesting. Insert percentages. The vesting percentages must be at least equal to the percentage below the election blank for each year. Years of Credited Service123456 Percent Vested 020406080 100
Graded Vesting. Vested Percentage of Matching or May not be Years of Vesting Service Profit Sharing Account less than: ------------------------ ---------------------- ---------- Less than 1 0 % 0% ------- 1, but less than 2 0 % 0% ------- 2, but less than 3 0 % 0% ------- 3, but less than 4 20 % 20% ------- 4, but less than 5 40 % 40% ------- 5, but less than 6 60 % 60% ------- 6, but less than 7 80 % 80% ------- 7 or more 100 % 100% -------
Graded Vesting. Participants hired before January 1, 1999 are 100% vested. Participants hired after January 1, 1999 are vested in accordance with the following vesting schedule. (A Participant's vested percentage is the percentage in column (2) or the percentage in column (3), whichever is greater. Spaces left blank are treated as zeros.)
(1) (2) (3) Minimum Years Vested Required of Service Percentage Percentage
Graded Vesting. A Participant who is not fully vested under -------------- Subsection 7(a) shall become vested in his Company Contributions Accounts, on the first day following completion of a given Year of Service in accordance with the following schedule: Percentage of Company Years of Service Contributions Accounts Vested ---------------- ----------------------------- Less than 2 0% 2 but less than 3 20% 3 but less than 4 40% 4 but less than 5 60%
Graded Vesting. A Participant will vest pro rata monthly at 20 % annual rate. (must be more than 10%).
Graded Vesting. 15 15.2 Continuation of Top-Heavy Vesting............................................ 15 15.3
Graded Vesting. A Participant’s Forfeitable Account Balances attributable to a Plan Sponsor will become Vested in 20% increments after the Participant renders the Months of Service with that Plan Sponsor specified below as determined under Section 8.5:
(A) 20% Vested after 12 Months of Service for such Plan Sponsor;
(B) 40% Vested after 24 Months of Service for such Plan Sponsor;
(C) 60% Vested after 36 Months of Service for such Plan Sponsor;
(D) 80% Vested after 48 Months of Service for such Plan Sponsor;
(E) 100% Vested after 60 Months of Service for such Plan Sponsor;
Graded Vesting. Participants are vested in accordance with the following vesting schedule. (A Participant’s vested percentage is the percentage in column (2) or the percentage in column (3), whichever is greater. Spaces left blank are treated as zeros.)
(1) (2) (3) Minimum Years Vested Required of Service Percentage Percentage Less than 1 0 0 At least 2 66 66 At least 3 100 100 At least 4 100 100 At least 5 100 100 At least 6 100 100