Common use of Vested Employees Clause in Contracts

Vested Employees. At retirement (at age sixty-five (65) years), a vested employee will be required to purchase a pension in the form of a life annuity, based on the balance of the employee's individual account, which includes his/her own contributions plus the portion of the Employers contributions which are vested in accordance with 6 above.

Vested Employees. At retirement (at age sixty-five (65) years), a vested employee will be required to purchase a pension in the form of a life annuity, based on the balance of the employee's employees individual account, which includes his/her own contributions plus the portion of the Employers contributions which are vested in accordance with 6 above.

Vested Employees. At retirement (at age sixty-five (65) years), a vested employee will be required to purchase a pension in the form forth of a life annuity, based on the balance of the employee's employee(s individual account, which includes his/her own contributions plus the portion of the Employers Employer's contributions which are vested in accordance with 6 above.