Common use of Vested Accrued Benefit Clause in Contracts

Vested Accrued Benefit. For purposes of this section 2.5, only, the Accrued Benefit shall vest in accordance with the following schedule: Years of Percentage of Accrued Service Benefit That Is Vested ------- ---------------------- <4 0% 4 20% 5 25% 6 30% 7 35% 8 40% 9 45% 10 50% 11 60% 12 70% 13 80% 14 90% 15 100%

Appears in 1 contract

Samples: Retirement Agreement (Sandy Spring Bancorp Inc)

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Vested Accrued Benefit. For purposes of this section 2.5, only, the Accrued Benefit shall vest in accordance with the following schedule: Years of Percentage of Accrued Service Benefit That Is Vested ------- ---------------------- <4 00 % 4 2020 % 5 2525 % 6 3030 % 7 3535 % 8 4040 % 9 4545 % 10 5050 % 11 6060 % 12 7070 % 13 8080 % 14 9090 % 15 100100 %

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc)

Vested Accrued Benefit. For purposes of this section 2.5, only, the Accrued Benefit shall vest in accordance with the following schedule: <TABLE> <CAPTION> Years of Percentage of Accrued Service Benefit That Is Vested ------- ---------------------- <less than 4 0% 4 20% 5 25% 6 30% 7 35% 8 40% 9 45% 10 50% 11 60% 12 70% 13 80% 14 90% 15 100%% .

Appears in 1 contract

Samples: Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc)

Vested Accrued Benefit. For purposes of this section 2.5, only, the Accrued Benefit shall vest in accordance with the following schedule: Years of Percentage of Accrued Service Benefit That Is Vested ------- ---------------------- <4 00 % 4 2020 % 5 2525 % 6 3030 % 7 35Years of Percentage of Accrued Service Benefit That Is Vested 7 35 % 8 4040 % 9 4545 % 10 5050 % 11 6060 % 12 7070 % 13 8080 % 14 9090 % 15 100100 %

Appears in 1 contract

Samples: Sandy Spring Bank Supplemental Executive Retirement Agreement (Sandy Spring Bancorp Inc)

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Vested Accrued Benefit. For purposes of this section 2.5, only, the Accrued Benefit shall vest in accordance with the following schedule: Years of Percentage of Accrued Service Benefit That Is Vested ------- ---------------------- <less than 4 0% 4 20% 5 25% 6 30% 7 35% 8 40% 9 45% 10 50% 11 60% 12 70% 13 80% 14 90% 15 100%

Appears in 1 contract

Samples: Retirement Agreement (Sandy Spring Bancorp Inc)

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