Number of Years of Service Vested Percentage. Less than 1 % 1 % 2 % 3 % 4 % 5 % 6 % 7 % 8 % 9 % 10 or more % For this purpose, Years of Service of a Participant shall be calculated from the date designated below: (1) First Day of Service. (2) Effective Date of the Plan Participation. (3) Each Crediting Date. Under this option (3), each Employer Credit shall vest based on the Years of Service of a Participant from the Crediting Date on which each Employer Credit is made to his or her Deferred Compensation Account. Notwithstanding the vesting schedule elected above, all other Employer Credits to the Deferred Compensation Account shall be 100% vested upon the following event(s): .
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Samples: Adoption Agreement (Paperweight Development Corp), Adoption Agreement (Aftermarket Technology Corp), Executive Nonqualified Excess Plan Adoption Agreement (Semtech Corp)
Number of Years of Service Vested Percentage. Less than 1 % 1 % 2 % 3 % 4 % 5 % 6 % 7 % 8 % 9 % 10 or more % For this purpose, Years of Service of a Participant shall be calculated from the date designated below:
(1) First Day of Service.
(2) Effective Date of the Plan Participation.
(3) Each Crediting Date. Under this option (3), each Employer Credit shall vest based on the Years of Service of a Participant from the Crediting Date on which each Employer Profit Sharing Credit is made to his or her Deferred Compensation Account. Notwithstanding the vesting schedule elected above, all other Employer Profit Sharing Credits to the Deferred Compensation Account shall be 100% vested upon the following event(s): .
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Samples: Adoption Agreement (Steris Corp)