Vested Balance definition

Vested Balance means that amount in a Participant’s Accounts that is nonforfeitable and shall be calculated, on any given date, as follows:

Vested Balance means all contributions made by the member and

Vested Balance means the amount determined under Subsection 10.2(b).

Examples of Vested Balance in a sentence

• Except as otherwise provided in this section and in Article XIV (Qualified Domestic Relations Orders), and subject to section 9.5 (loan repayments), the lump sum amount distributed shall be equal to the Vested Balance of the Participant's Accounts determined as of the date the distribution is made.

• The Participant's remaining Vested Balance will be paid as soon as practicable following the date the Participant makes such election to accelerate payments.

• A Participant to whom installment payments are being made may irrevocably elect to receive his remaining Vested Balance in a single sum distribution.

• A Participant who participated in the Prior Plan, retired with a Service Pension or Disability Pension from the Sandia Pension Security Plan or the Sandia Retirement Income Plan, and elected to receive a distribution of his Vested Balance in a series of pre-selected installments as permitted under the Prior Plans will continue to receive such installments unless the Participant selects to accelerate payments as provided in section 7.5(c)(2) or to take withdrawals, as provided in section 7.5(b).

• Options issued as part of the August 2021 rights issue PERFORMANCE RIGHTS HELD BY KEY MANAGEMENT PERSONNEL Details of Performance Rights held directly, indirectly or beneficially by key management personnel during the year ended 30 June 2022 were as follows: Key Management Balance at Granted as Vested/ Balance at Total VestedPersonnel1 July 2021CompensationExercisedLapsed30 June 202230 June 2022D.

More Definitions of Vested Balance

Vested Balance means in relation to an Employee Member or a VC Employee Member on a particular date the number of Units or percentage of the balance of

Vested Balance means the vested portion of a Participant’s Account.

Vested Balance means the portion of a Participant’s Account which is vested in accordance with Section 4.3.

Vested Balance as of a given date shall mean the aggregate balances of a Member's Matched After-Tax Contributions Account, Unmatched After-Tax Contributions Account, Elective Contributions Account, Qualified Nonelective Contributions Account, Qualified Matching Contributions Account, and Rollover Account, plus the Member's vested interest in his or her Matching Contributions Account, as determined under section 6.2.

Vested Balance of a Participant's accounts means the portion of such accounts which is nonforfeitable pursuant to the Provisions of Section 7.2. The "Nonvested Balance" of such accounts shall mean that percentage which is forfeitable pursuant to the provisions of Section 7.3.

Vested Balance of a Participant's Company Matching Account means that percentage of such account which is nonforfeitable pursuant to the provisions of Section 8.2. The "Nonvested Balance" of such account shall mean that percentage which is forfeitable pursuant to the provisions of Section 8.3.

Vested Balance of any Participant's Company Matching Account shall be a percentage of that account based upon the Participant's years of Vesting Service as set forth in the following schedule: Years of Vesting Service Percentage ------------------------ ---------- Fewer than 3 0% 3 20% 4 40% 5 60% 6 80% 7 or more 100%