Vesting Factor definition

Vesting Factor means the factor by which to multiply the Target Amount determined in accordance with the following table:

Vesting Factor with respect to the Supplemental Retirement Benefit shall be one hundred percent (100%). The Executive’s Supplemental Retirement Benefit shall be calculated based on the Executive’s actual age as of the date of commencement of payment of such Supplemental Retirement Benefit (the “SERP Distribution Date”), and by applying the applicable early retirement factors under the SERP, if the Executive has not attained age sixty-two (62) but has attained age fifty-five (55) as of the SERP Distribution Date. If the Executive has not attained age fifty-five (55) as of the SERP Distribution Date, the Executive’s Supplemental Retirement Benefit shall be calculated by applying the applicable early retirement factor under the SERP for age fifty-five (55), and the Supplemental Retirement Benefit otherwise payable at age fifty-five (55) shall be actuarially adjusted to the Executive’s actual age as of the SERP Distribution Date using the following actuarial assumptions: (i) the applicable mortality table promulgated by the Internal Revenue Service under Section 417(e)(3) of the Code, as in effect on the first (1st) day of the calendar year in which the SERP Distribution Date occurs, and (ii) the applicable interest rate promulgated by the Internal Revenue Service under Section 417(e)(3) of the Code for the November next preceding the first day of the calendar year in which the SERP Distribution Date occurs. The Executive’s Supplemental Retirement Benefit shall be determined in accordance with this Section 5(b), notwithstanding any contrary provisions of the SERP and, to the extent subject to Section 409A of the Code, shall be paid in accordance with Treasury Regulation Section 1.409A-3(c)(1). The Supplemental Retirement Benefit paid to or on behalf of the Executive in accordance with this Section 5(b) shall be in full satisfaction of any and all of the benefits payable to or on behalf of the Executive under the SERP.

Vesting Factor means the factor by which to multiply the Target Amount determined in accordance with the following

Examples of Vesting Factor in a sentence

• The Executive shall be treated as qualified for “Retirement” (as defined in the SERP) as of the Date of Termination, and the Executive’s Vesting Factor with respect to the Supplemental Retirement Benefit shall be 100%.

• If the Participant remains in Continuous Service through and including the Determination Date and no Change in Control occurs prior to the Determination Date, then the Participant shall be entitled to receive a number of shares of Stock determined by multiplying the Target Amount by the Applicable Vesting Factor.

• Assuming an award of 150 Performance Shares, and an Early Retirement Vesting Factor is 0.24 the Adjusted Performance Shares would be 36.

• Notwithstanding the provisions of subsection 3(b), upon a Change in Control, the Vesting Factor (described in Section 3(b)) shall be the percentage determined by dividing the years of service of the Employee (computed in accordance with the provisions of Section 3(b)) by 15.

• Notwithstanding the previous sentence, in no event shall the Vesting Factor exceed 100%.

More Definitions of Vesting Factor

Vesting Factor means the factor by which to multiply the Target Amount determined in accordance with the following table: Less than $__________ 0x Equal to or greater than $__________, but less than $__________ 0x to 1x Equal to or greater than $__________, but less than $__________ 1x Equal to or greater than $__________, but less than $__________ 1x to 2x Equal to or greater than $__________ 2x

Vesting Factor means the factor by which to multiply the Target Amount determined in accordance with the following table: [***] 0x [***] 0x to 1x [***] 1x [***] 1x to 2x [***] 2x Notwithstanding any other provision of this Agreement to the contrary, the Committee, in its sole discretion, may adjust the terms of the table set forth above in connection with the acquisition of a business or the disposition of a business or a segment of a business.

Vesting Factor shall be calculated by dividing the number of months since the option was granted by the total months contained in the original vesting period.

Vesting Factor means (x) one (1) during Employee’s term of employment, and (y) following Employee’s termination of employment, the lesser of (a) one (1) and (b) a fraction, the numerator of which shall be the number of months Employee was employed with the Company, and the denominator of which shall be eighteen (18). The expectation is that the milestones will be achieved within 18 months.

Vesting Factor means the factor determined in accordance with Exhibit 1.

Vesting Factor shall be determined pursuant to the following table based on the level of attainment of performance: Less than 90% 0 % 92% 20 % 94% 40 % 96% 60 % 98% 80 % 100% or more 100 % For performance between any of the stated levels, the Vesting Factor will be determined by linear interpolation.

Vesting Factor means a percentage, expressed to the nearest 0.1%, equal to 100% minus the Vesting Percentage.