Vested Employee definition

Vested Employee means:
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Vested Employee means an Employee who has completed 5 years or more of Eligibility Service, or a former Employee who satisfied the vesting requirements of the Plan or the Predecessor Plan which were in effect at the time he ceased to accrue Eligibility Service, provided this sentence shall be effective September 1, 1988. If the Employee is eligible for a Cash Balance benefit under Article 4 of the Curtiss-Wright
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Vested Employee means an Employee, as defined above, who has at least five (5) years of Vested Service, or ten (10) years of Vested Service if the Employee last worked prior to January 1, 1999, and an Employee of the Union and/or Trustees, as defined above, who has at least five (5) years of Vesting Service.
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Examples of Vested Employee in a sentence

  • Subject to Section 4, the Escrow Agent shall deliver to Employee the certificate representing the Vested Employee Shares on the Disbursement Date.

  • Any Employee Shares that are not placed in the Earn-Out Pool pursuant to this Section 4, and that are not Vested Employee Shares, shall be deemed Unvested Employee Shares and subject to the rights of the Company under Section 5 herein.

  • If all or any portion of the Employee Shares is forfeited (as provided below), the Company will issue on or prior to the Disbursement Date a new certificate in the name of Employee to the escrow agent representing the number of Vested Employee Shares (defined below) for disbursement to employee out of Escrow at the Disbursement Date.

  • Employee agrees and acknowledges that any Transfer of his Vested Employee Shares shall be subject to and made in accordance with the terms of the Shareholders Agreement.

  • Employee may not sell, transfer, gift, -------------------- assign, pledge, encumber or otherwise dispose ("Transfer") of any of his Employee Shares during his lifetime until such shares are Vested Employee Shares, unless to another Acorn Shareholder, to an immediate family member or other trust or entity formed for estate planning purposes, or pursuant to Section 5 or with the prior written consent of the Company, which consent may be withheld for any reason or for no reason.

  • The Company agrees to remove such restrictive legend upon the issuance of Vested Employee Shares to Employee on the Disbursement Date.

  • If all or any portion of the Employee Shares is forfeited (as provided below), the Company will issue on or prior to the Disbursement Date a new certificate in the name of Employee to the Escrow Agent representing the number of Vested Employee Shares (defined below) for disbursement to Employee out of Escrow at the Disbursement Date.

  • As used herein, the term "Determination Date" shall mean the date the Employee exercises the Vested Employee Options unless the employment of the Employee is terminated pursuant to Section 3, in which case the Determination Date shall be the date of such termination of employment.

  • Employee agrees and acknowledges that any Transfer of his Vested Employee Shares shall be subject to and made in accordance with the terms of the Spider Shareholders Agreement.

  • In the event ---------------------------------------------- that Employee shall cease to be an employee of Acorn at any time prior to October 1, 2002, Employee shall be entitled to receive the Vested Employee Shares as of the date of termination on the Disbursement Date.


More Definitions of Vested Employee

Vested Employee means an Employee who has completed 5 years or more of Eligibility Service, or a former Employee who satisfied the vesting requirements of the Plan or the Predecessor Plan which were in effect at the time he ceased to accrue Eligibility Service, provided this sentence shall be effective September 1, 1988. If the Employee is eligible for a Cash Balance benefit under Article 4 of the Curtiss-Wright Corporation Retirement Plan, “Vested Employees” means an Employee who has completed 3 years or more of Eligibility Service.
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Vested Employee means an Employee who terminates employment with the Association at any time prior to retirement and is eligible for a retirement benefit in accordance with Section 5.1 or Section 15.5(b).
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Vested Employee means a Participant who:
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Related to Vested Employee

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Tipped employee means any employee engaged in an occupation in which he or she customarily and regularly receives more than thirty dollars ($30) per month in tips; and

  • Affiliated employee means any individual employed by a recipient who receives compensation directly from government assistance or a contract with the District of Columbia government, including any employee of a contractor or subcontractor of a recipient who performs services pursuant to government assistance or a contract. The term “affiliated employee” does not include those individuals who perform only intermittent or incidental services with respect to the government assistance or contract, or who are otherwise employed by the contractor, recipient or subcontractor.

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.