Earned and Vested definition

Earned and Vested means amounts deferred under the Prior Plan, if any, to which a Participant had a nonforfeitable right to receive as of December 31, 2004. Such amounts are considered Grandfathered Amounts. The term Earned and Vested is only applicable to a plan that is an amendment, restatement, and continuation of a Prior Plan, as indicated in Section 4 of the Adoption Agreement.
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Earned and Vested means, when referring to an Allowance or any portion of an Allowance, an amount that, as of January 1, 2005, is not subject to a substantial risk of forfeiture (as defined in Treasury Regulation §1.83-3(c)) or a requirement to perform future services.
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Examples of Earned and Vested in a sentence

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  • Except as provided in Section 5.6 below, in the event that Employee unilaterally elects to terminate his employment, the Company shall have no further obligations to make any payments under this Agreement and Employee shall forfeit any right to such payments, except for Earned and Vested Benefits.

  • In the event of the death or Disability of the Employee, the Company shall pay Employee (or any estate, beneficiary or legal representative of Employee) all Earned and Vested Benefits.

  • Notwithstanding any other provision of this Section 5, in the event that Employee's employment is terminated by the Company without Cause or if Employee resigns for Good Reason (hereinafter defined), Employee shall receive all Earned and Vested Benefits and as a severance benefit, the Employee shall receive the Base Salary provided for in Section 3 hereof throughout the remainder of the Term of this Agreement.

  • In the event Executive’s employment is terminated by the Company without Cause or if Executive resigns for Good Reason (defined below) in either case effective prior to the end of the then current Term or any then current renewal Term, Executive shall receive all Earned and Vested benefits and Severance provided for in Section 3 hereof.

  • JN Ding et al [14] studied the effect of surface roughness on the nanorheological properties of ultra-thin films sandwiched between two solid walls with molecular dynamics simulations.

  • In connection with a termination by the Company for Cause, the Company shall pay all Earned and Vested Benefits.

  • In the event of termination by the Company for Cause, the Company shall pay all salary theretofore earned and not paid and any Earned and Vested benefits, and such payments shall be the sole obligation of the Company to Executive.

  • Recipient shall have the option to receive 100% of the Earned and Vested shares provided they notify the Company prior to the vesting date and subsequently provide the Company the equivalent of the minimum Federal, state, local and/or payroll taxes of any kind required by law to be withheld with regard to such settlement in cash.

  • An Award shall be paid hereunder, only to the extent that such Award is both Earned and Vested, as provided in this Agreement.

Related to Earned and Vested

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Initial Vesting Date means the date occurring one (1) year after the Date of Option Grant.

  • Non-Vested Shares means any portion of the Restricted Stock subject to this Agreement that has not become vested pursuant to this Section 2.

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Earned release means earned release from confinement as

  • Forfeiture Period means the period from the Grant Date until the Forfeiture Date.

  • PSU means Public Sector Undertaking

  • Forfeited means the Insured’s financial Loss of any whole or prorated prepaid

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Severance Multiplier means, with respect to any termination of Employee’s employment hereunder by the Company without Cause or by Employee with Good Reason, 1; provided, however, that in the event such termination occurs within the two (2) year period following a Change in Control, the Severance Multiplier shall instead equal 2.

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

  • Multiple disabilities means concomitant impairments (such as intellectual disability- blindness, intellectual disability-orthopedic impairment, etc.), the combination of which causes such severe educational needs that they cannot be accommodated in special education programs solely for one of the impairments. The term does not include deaf/blindness.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • CIC Qualifying Termination means, in each case, on or within twenty-four (24) months following a Change in Control, (i) a termination of the Executive’s employment by the Company without Cause, (ii) a termination of the Executive’s employment by reason of death or Disability, or (iii) a termination of the Executive’s employment by the Executive for Good Reason.

  • Vesting Dates means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or part of the Options, as set forth in section 11 of the ISOP.

  • Vested means the nonforfeitable portion of any account maintained on behalf of a Participant.

  • Account Value means the amount shown on Schedule A under the heading Account Value. The parties expressly acknowledge that the Account Value may be different than the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement. The Account Value on any date other than the end of a Plan Year shall be determined by adding the prorated increase attributable for the current Plan Year to the Account Value for the previous Plan Year.

  • One-hundred-year flood means a flood having a one per cent chance of being equaled or exceeded in any given year.

  • Stated Termination Date means, with respect to the Revolving Credit Facility, March 4, 2027 and, with respect to any Extended Revolving Credit Facility, the maturity date set forth in the Extension Agreement related thereto.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.