Vesting of Account. The Member shall be fully vested in his Deferrals and earnings credited to his Accounts.
Vesting of Account. At the end of the Performance Period, the portion, if any, of the Account that shall become vested and nonforfeitable shall be based on the extent to which the Company’s cumulative EBITDA for the Performance Period is greater than, less than or equal to the cumulative EBITDA levels set forth below (if the Company’s cumulative EBITDA falls between two of the specified amounts set forth below, then the percentage of the Account to be vested shall be calculated in a linear fashion):
Vesting of Account. Except to the extent otherwise provided in ------------------ Paragraphs 2(e) and 2(f), the initial balance shall vest in full on the second anniversary from the date of this Agreement, and all additional amounts credited to the Account ("Additional Amounts") shall vest in full pursuant to the attached vesting schedule.
Vesting of Account. Xx. Xxxxxx will, at all times on and after the Effective Date, be fully vested in and have a non-forfeitable right to the balance of the Account to be paid in accordance with the terms of this Agreement.
Vesting of Account. (a) Each Participant shall be fully vested at all times in the sub-account to which his Salary Deferrals, Award Deferrals and transferred Pension Restoration Account are credited.
(b) Each Participant shall be fully vested in the sub-account to which his Restoration Contributions are credited upon the earlier of his completion of three years of Vesting Service or his death.
(c) Each Participant shall be fully vested in the sub-account to which his SERP Contributions are credited upon the earliest of (i) the attainment of his 65th birthday, (ii) his completion of 10 years of Vesting Service and the attainment of his 55th birthday or (iii) his death.
(d) All unvested amounts credited to a Participant's Account shall be forfeited upon the Participant's Employment Termination, and shall only be restored upon the Participant's subsequent reemployment if the Participant is subsequently reemployed by Xxxxxxxx or any Affiliated Company and designated a Participant pursuant to Section 2.1 within five years of his prior Employment Termination.
Vesting of Account. The Market Value of Mr. Klappa's Account shall vest on July 1, 2003 (the "Vesxxxx Xxxx"), provided Mr. Klappa is then an employee of the Company, Southern, xx xx xxxxxxxxx xx subsidiary of Southern.
Vesting of Account. SECTION 6 Payment of Benefits 6.1
Vesting of Account. Each Participant shall be vested in his or her Account as follows:
(a) Deferrals credited pursuant to Section 4.1 will be fully vested, and (b) Employer matching credits will become vested after the Participant has completed 2 years of service with his or her Employer, including prior uninterrupted service with Signet Banking Corporation or a subsidiary thereof.
Vesting of Account. The Market Value of Mr. Xxxx'x Account shall vest on March 1, 2003 (the "Vesting Date"), provided Mr. Xxxx xx then an employee of the Company, Southern, or an affiliate or subsidiary of Southern.
Vesting of Account. You will be vested in your rights to payment of the Account at the same time or times, and to the same extent, as you are vested in your rights under the Stock Option except for modifying the last year’s vesting from October 31, 2007 to September 29, 2007 to coincide with the end of the Company’s fiscal year. If at any time you forfeit any portion or all of the Stock Option, or if the Stock Option or any portion thereof terminates or expires without being exercised, in each case prior to payment of your Account under (d) below, you will simultaneously therewith forfeit the corresponding percentage of the Account.
