Vested Percentage. If Subsection (a) above applies, the vested percentage of the Restricted Stock Units shall be determined as soon as reasonably practicable after the Separation from Service. If the Change in Control occurred within 12 months after the Grant Date set forth in Section 1 (the “Grant Date”), then the vested percentage of the Restricted Stock Units shall be 100%. If the Change in Control occurred more than 12 months after the Grant Date, then the vested percentage of the Restricted Stock Units shall be determined pursuant to Section 2 as if the Performance Period had ended on the date of the Change in Control. The Compensation Committee of the Board of Directors of the Company’s successor (the “Successor Committee”) shall determine the Company’s TSR Percentile Rank as of the date of the Change in Control, and its determination shall be conclusive and binding on the Participant and the Company’s successor. The Successor Committee, at its sole discretion, may make appropriate adjustments in the vesting conditions set forth in Section 2(a) above in order to account for extraordinary events, including (without limitation) any effects related to the Change in Control.
Vested Percentage. Less than 2 years 0 % At least 2 years but less than 3 years 25 % At least 3 years but less than 4 years 50 % At least 4 years but less than 5 years 75 % 5 years or more 100 %
Vested Percentage. The percentage of a Member’s Account or Subaccount which is nonforfeitable pursuant to Article IV.
Vested Percentage. 1.17.1 Except as otherwise provided in Section 1.17.2, the Vested Percentage shall be 100%.
1.17.2 Notwithstanding the provisions of Section 1.17.1, the following rule shall govern the determination of the Vested Percentage in the circumstance described below:
A. The Vested Percentage shall be zero if the Executive’s employment with the Bank terminates for Specially-Defined Cause.
Vested Percentage. If a Participant’s employment with the Employer is terminated before his Normal Retirement Date for any reason other than Total and Permanent Disability or death, he shall be entitled to an amount equal to the “vested percentage” of his ESOP Account.
Vested Percentage. Vested Percentage is defined by the following schedule showing the Vested Percentage on the first day of the Company's fiscal year beginning in each of the years set forth in the schedule. Fiscal Year Beginning In Vested Percentage ------------------------ ------------------ 1993 1% 1994 2% 1995 3% 1996 4% 1997 5%
Vested Percentage. The portion of Employee's Benefits that are Vested is referred to as Employee's "Vested Percentage." As of the Effective Date, Employee's initial Vested Percentage is 0%. On each anniversary of the Effective Date, Employee shall become Vested in his Benefits to the extent of an additional 10%, so that at a date which is ten years following the Effective Date his Vested Percentage shall be 100%.
Vested Percentage. 1.17.1. Except as otherwise provided in Section 1.17.2, the Vested Percentage shall be determined based upon Years of SMT Service. Upon completion of five (5) Years of SMT Service, the Vested Percentage shall be twenty-five percent (25%). An additional 15% shall be added for each Year of SMT Service completed by the Executive thereafter. The Vested Percentage shall not exceed 100%.
1.17.2. Notwithstanding the provisions of Section 1.17.1, the following rules shall govern the determination of the Vested Percentage in the circumstances described below:
(a) The Vested Percentage shall be zero if the Executive’s employment with the Company terminates for Specially-Defined Cause.
(b) Following (i) the Executive’s Disability or (ii) a Change in Control, the Vested Percentage shall be 100%.
(c) If the Executive’s employment with the Company is terminated (by the Executive or by the Company other than by reason of Specially-Defined Cause) on or after the Normal Retirement Date, the Vested Percentage shall be 100%.
Vested Percentage. 1.48 Year of Employment.. * 1.49 Year of Membership.. * 1.50 Year of Service. *
Vested Percentage. The Deferred Compensation shall be 100% vested upon execution of this Agreement, unless the Employment Period is terminated by Company for cause or is terminated by Executive without good reason, in either of which cases the Deferred Compensation shall be vested 95% until October 1, 1996, on which date the Deferred Compensation shall become 100% vested. Except for this vesting schedule, the Deferred Compensation shall not be subject to reduction for any reason (including but not limited to early termination of the Employment Period).
