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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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
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Examples of Earned and Vested in a sentence

  • On the Payment Date, the Company shall issue to the Employee that number of shares of Common Stock as equals that number of Units which have been both Earned and Vested.

  • 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 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.

  • In connection with a termination by the Company for Cause, the Company shall pay to Employee all accrued compensation and benefits (excluding any bonus amounts pursuant to Section 3.2) earned by and payable to Employee hereunder prior to the effective date of such termination (collectively, the "Earned and Vested Benefits").

  • Relative Total Stockholder Return Earned and Vested Performance Less than 33% 0 Performance Shares Greater than or equal to 33% and less 50% of Performance Shares (or 4,166 than or equal to 49.9%Shares) Greater than 49.9% and less than or 100% of Performance Shares (or 8,333 equal to 66.6%Shares) Greater than 66.6% 150% of Performance Shares (or 12,500 Shares) * Provided, that in no event shall the Grantee be entitled to receive more than 25,000 Shares during the Performance Period under this Agreement.

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

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