Vesting of contributions. The Company matching contribution for employees hired after August 19, 2014, will be subject to the following five (5) year graded vesting schedule: – After 2 years of service: 40% vested – After 3 years of service: 60% vested – After 4 years of service: 80% vested – After 5 years of service: 100% vested
Appears in 6 contracts
Samples: www.ibew543.org, www.ibew543.org, www.ibew543.org
Vesting of contributions. i. The Company fixed and matching contribution for employees hired after August April 19, 20142013, will be subject to the following five (5) year graded vesting schedule: – After 2 years of service: 40% vested – After 3 years of service: 60% vested – After 4 years of service: 80% vested – After 5 years of service: 100% vested
Appears in 4 contracts
Samples: Income Security Plan, Memorandum of Agreement, Memorandum of Agreement
Vesting of contributions. The Company matching contribution for employees hired after August 19Effective January 1, 20142010, will be subject to the following five (5) five-year graded vesting scheduleschedule applies to both the Company Matching Contribution and the Fixed Company Contribution for newly hired employees: – After Years of Service Vesting Less than 2 years Years of service: Service 0% 2 Years of Service 40% vested – After 3 years Years of service: Service 60% vested – After 4 years Years of service: Service 80% vested – After 5 years Years of service: Service 100% vested%
Appears in 1 contract
Samples: Labor Agreement