Special Vesting Provisions. [Note: Any special vesting provision specified under Election 36(d) must be definitely determinable. If the Plan is not subject to ERISA, the vesting schedule must be at least as rapid as a 15-year cliff (or a 20-year cliff for a group of Employees limited to qualified public safety employees defined in Code §72(t)(10)(B)) or a 5 to 20 year graded vesting schedule. If the Plan is an ERISA Plan, the vesting schedule must be at least as rapid at each point in the schedule as a 6-year graded or 3-year cliff.]
Appears in 4 contracts
Samples: 403(b) Volume Submitter Plan Adoption Agreement, 403(b) Volume Submitter Plan Adoption Agreement, 403(b) Volume Submitter Plan Adoption Agreement
