Common use of Vesting Percentage Clause in Contracts

Vesting Percentage. Vesting Percentage" shall mean the percentage determined as of a Participant's date of early retirement or Termination of Employment, whichever is earlier, in accordance with the following Schedule: If he or she has 10 years of Service: 100% In all other cases: 0%

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Vesting Percentage. Vesting Percentage" shall mean the percentage determined as of a Participant's date of early retirement or Termination of Employment, whichever is earlier, in accordance with the following Scheduleschedule: If he or he/she has 10 5 years of Continuous Service: 100% If he/she has 15 years of Aggregate Service: 100% If an Employee terminates employment and goes to work for a municipality or public agency covered under the Connecticut Municipal Employees Retirement Fund: 100% In all other cases: 0%

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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