Common use of Minimum Vesting Schedule Clause in Contracts

Minimum Vesting Schedule. Unless the Employer has specified a more rapid vesting schedule in the Adoption Agreement, for any Plan Year in which this Plan is Top-Heavy, the following minimum vesting schedule shall apply: Nonforfeitable Percentage of Vesting Years Employer Contribution Account 1 0% 2 20 3 40 4 60 5 80 6 or more 100 The minimum vesting schedule applies to all benefits within the meaning of Code Section 411(a)(7) attributable to Employer Contributions and forfeitures, including benefits accrued before the effective date of Code Section 416 and benefits accrued before the Plan became Top-Heavy. Further, no reduction in vested benefits may occur in the event the Plan's status as Top-Heavy changes for any Plan Year. IF conversion of the Plan into a Top-Heavy Plan has resulted in a change of the Plan's vesting schedule to the minimum vesting schedule discussed above, the change shall be treated as an amendment to the Plan and the election referred to in Section 18.01 hereof shall apply. This Section 21.06 does not apply to the Employer Contribution Account balances of any former Participant who does not have an Hour of Service after the Plan has initially become Top-Heavy and such former Participant's vested Employer Contribution Account balance will be determined without regard to this Section.

Minimum Vesting Schedule. Unless the Employer has specified a more rapid for Top-Heavy Plans - The following vesting schedule in the Adoption Agreement, provisions apply for any Plan Year in which this Plan is a Top-HeavyHeavy Plan. Notwithstanding the other provisions of this Section 6.01 or the vesting schedule selected in the Adoption Agreement (unless those provisions or that schedule provide for more rapid vesting), a Participant's Vested portion of his Individual Account attributable to Employer Contributions and Forfeitures shall be determined in accordance with the following minimum vesting schedule shall applyschedule: Nonforfeitable Percentage of Vesting Years Employer Contribution Account 1 0% 2 20 3 40 4 60 5 80 6 or more 100 The This minimum vesting schedule applies to all benefits within the meaning of Code Section 411(a)(7) of the Code, except those attributable to Employer Contributions and forfeitures, employee contributions including benefits accrued before the effective date of Code Section 416 of the Code and benefits accrued before the Plan became a Top-HeavyHeavy Plan. Further, no reduction decrease in vested benefits a Participant's Vested percentage may occur in the event the Plan's status as a Top-Heavy Plan changes for any Plan Year. IF conversion of the Plan into a Top-Heavy Plan has resulted in a change of the Plan's vesting schedule to the minimum vesting schedule discussed aboveHowever, the change shall be treated as an amendment to the Plan and the election referred to in this Section 18.01 hereof shall apply. This Section 21.06 6.01(C) does not apply to the Employer Contribution Individual Account balances of any former Participant Employee who does not have an Hour of Service after the Plan has initially become a Top-Heavy Plan and such former ParticipantEmployee's vested Individual Account attributable to Employer Contribution Account balance Contributions and Forfeitures will be determined without regard to this Section. If this Plan ceases to be a Top-Heavy Plan, then in accordance with the above restrictions, the vesting schedule as selected in the Adoption Agreement will govern. If the vesting schedule under the Plan shifts in or out of top-heavy status, such shift is an amendment to the vesting schedule and the election in Section 9.04 applies.

Minimum Vesting Schedule. Unless the Employer has specified a more rapid vesting schedule in the Adoption Agreement, for any Plan Year in which this Plan is Top-Heavy, the following minimum vesting schedule shall apply: Nonforfeitable Percentage of Employer Profit Sharing and Vesting Years Employer Matching Contribution Account 1 0% 2 20 3 40 4 60 5 80 6 or more 100 Accounts The minimum vesting schedule applies to all benefits within the meaning of Code Section 411(a)(7) attributable to Employer Contributions and forfeitures, including benefits accrued before the effective date of Code Section 416 and benefits accrued before the Plan became Top-Heavy. Further, no reduction in vested benefits a Participant's nonforfeitable percentage may occur in the event the Plan's status as Top-Heavy changes for any Plan Year. IF If conversion of the Plan into a Top-Heavy Plan has resulted in a change of the Plan's vesting schedule to the minimum vesting schedule discussed above, the change shall be treated as an amendment to the Plan and the election referred to in in Section 18.01 20.01 hereof shall apply. This Section 21.06 does not apply to the Employer Profit Sharing Contribution Account and Employer Matching Contribution Account balances of any former Participant who does not have an Hour of Service after the Plan has initially become Top-Heavy and such former Participant's vested Employer Profit Sharing Contribution Account and Employer Matching Contribution Account balance will be determined without regard to this Section.

Minimum Vesting Schedule. Unless the Employer has specified a more ------------------------ rapid vesting schedule in the Adoption Agreement, for any Plan Year in which this Plan is Top-Heavy, the following minimum vesting schedule shall apply: Nonforfeitable Percentage of Employer Profit Sharing and Vesting Years Employer Matching Contribution Account Accounts ------------------------------------------------------- 1 0% 2 20 3 40 4 60 5 80 6 or more 100 The minimum vesting schedule applies to all benefits within the meaning of Code Section 411(a)(7) attributable to Employer Contributions and forfeitures, including benefits accrued before the effective date of Code Section 416 and benefits accrued before the Plan became Top-Heavy. Further, no reduction in vested benefits a Participant's nonforfeitable percentage may occur in the event the Plan's status as Top-Heavy changes for any Plan Year. IF If conversion of the Plan into a Top-Top- Heavy Plan has resulted in a change of the Plan's vesting schedule to the minimum vesting schedule discussed above, the change shall be treated as an amendment to the Plan and the election referred to in Section 18.01 20.01 hereof shall apply. This Section 21.06 does not apply to the Employer Profit Sharing Contribution Account and Employer Matching Contribution Account balances of any former Participant who does not have an Hour of Service after the Plan has initially become Top-Top- Heavy and such former Participant's vested Employer Profit Sharing Contribution Account and Employer Matching Contribution Account balance will be determined without regard to this Section.

Minimum Vesting Schedule. Unless the Employer has specified a more rapid vesting schedule in the Adoption Agreement, for any Plan Year in which this Plan is Top-Heavy, the following minimum vesting schedule shall apply: Nonforfeitable Percentage of Employer Profit Sharing and Matching Contribution Vesting Years Employer Contribution Account Accounts ------------- -------------------------- 1 0% 2 20 3 40 4 60 5 80 6 or more 100 The minimum vesting schedule applies to all benefits within the meaning of Code Section 411(a)(7) attributable to Employer Contributions and forfeitures, including benefits accrued before the effective date of Code Section 416 and benefits accrued before the Plan became Top-Heavy. Further, no reduction in vested benefits a Participant's nonforfeitable percentage may occur in the event the Plan's status as Top-Heavy changes for any Plan Year. IF If conversion of the Plan into a Top-Heavy Plan has resulted in a change of the Plan's vesting schedule to the minimum vesting schedule discussed above, the change shall be treated as an amendment to the Plan and the election referred to in Section 18.01 20.01 hereof shall apply. This Section 21.06 does not apply to the Employer Profit Sharing Contribution Account and Employer Matching Contribution Account balances of any former Participant who does not have an Hour of Service after the Plan has initially become Top-Heavy and such former Participant's vested Employer Profit Sharing Contribution Account and Employer Matching Contribution Account balance will be determined without regard to this Section.