Vesting Acceleration Benefit definition

Vesting Acceleration Benefit means the remainder of all vesting installments, whether time-based or performance-based, for a Participant.
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Vesting Acceleration Benefit means (i) the remainder of all vesting installments, whether time-based or performance-based, for a Tier I Participant, (ii) the next 24 monthly time-based vesting installments following the Covered Termination for a Tier II Participant and (iii) the next 12 monthly time-based vesting installments following the Covered Termination for a Tier III Participant.
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Vesting Acceleration Benefit means the remainder of all vesting installments, whether time-based or performance-based, for a Participant.The following additional terms are defined in the Section identified below:TERM
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Examples of Vesting Acceleration Benefit in a sentence

  • A lump-sum payment of cash severance equal to the amount set forth in the Participant’s Participation Agreement;5.2Equity Award Vesting Acceleration Benefit.

  • A lump-sum payment of cash severance equal to the amount set forth in the Participant’s Participation Agreement; 5.2 Equity Award Vesting Acceleration Benefit.

  • Cash severance equal to the amount, if any, set forth in the Participant’s Participation Agreement and payable in cash at the time(s) specified the Participant’s Participation Agreement.(b)Equity Award Vesting Acceleration Benefit.

  • Furthermore, for any Participant who, due to non-U.S. local law considerations, is covered by a health plan that is not subject to COBRA, the Company may (in its discretion) instead provide cash or continued coverage in a manner intended to replicate the benefits of this Section 4(b) and to comply with applicable local law considerations.(c)Equity Award Vesting Acceleration Benefit.

  • A lump-sum payment of cash severance and/or bonus equal to the amount set forth in the Participant’s Participation Agreement; 5.2. Equity Award Vesting Acceleration Benefit.

  • Furthermore, for any Participant who, due to non-U.S. local law considerations, is covered by a health plan that is not subject to COBRA, the Company Group member may (in its discretion) instead provide cash or continued coverage in a manner intended to replicate the benefits of this Section 4(b) and to comply with applicable local law considerations.(c)Equity Award Vesting Acceleration Benefit.


More Definitions of Vesting Acceleration Benefit

Vesting Acceleration Benefit means the remainder of all vesting installments, whether time-based or performance-based, for a Tier I Participant or a Tier II Participant.
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Related to Vesting Acceleration Benefit

  • Termination Benefit means the benefit set forth in Article 7.

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.

  • SERP Benefit means the benefit described in Section 5.1.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Retirement Benefit means the benefit set forth in Article 5.

  • Change in Control Benefits means the following benefits:

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Accrued Benefit have the meanings specified in ERISA.

  • 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.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Severance from Service Date means the earlier of:

  • Compensation Accrued at Termination means the following:

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

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

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Section 409A Payment Date means the earlier of (a) the date of Executive’s death or (b) the date that is six months after the date of termination of Executive’s employment with the Company.