Savings Plan Vesting. To the extent that Executive is not fully vested under the Savings Plan on the date of his termination of employment, the Company shall pay to him an amount equal to (1) the value of his Savings Plan account on the date of his termination of employment had he been fully vested on such date, minus (2) the actual value of his vested Savings Plan account on such date.
Appears in 4 contracts
Samples: Employment and Change in Control Agreement (Interface Inc), Employment and Change in Control Agreement (Interface Inc), Employment and Change in Control Agreement (Interface Inc)
Savings Plan Vesting. To the extent that Executive is not fully vested under the Savings Plan on the date of his termination of employment, the Company shall pay to him an amount equal to (1) the value of his Savings Plan account on the date of his termination of employment had he been fully vested on such date, minus (2) the actual value of his vested Savings Plan account (under such vesting rules) on such date.
Appears in 2 contracts
Samples: Employment and Change in Control Agreement (Interface Inc), Employment and Change in Control Agreement (Interface Inc)
