Employee need not be employed for entire Vesting Computation Period Clause Samples

This clause establishes that an employee does not need to remain employed for the entire duration of the vesting computation period in order to receive vesting credit. In practice, this means that if an employee leaves partway through a vesting period, they will still accrue vesting benefits proportional to the time they were employed during that period. For example, if the vesting period is one year and the employee works for six months, they will receive credit for those six months. The core function of this clause is to ensure fairness by granting partial vesting credit, rather than requiring continuous employment for the full period to receive any benefit.
Employee need not be employed for entire Vesting Computation Period. If an Employee completes the required Hours of Service during a Vesting Computation Period, the Employee will receive credit for a Year of Service as of the end of such Vesting Computation Period, even if the Employee is not employed for the entire Vesting Computation Period.
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  • Deferred Retirement a. An employee who is eligible for paid retirement at the time he or she separates from County service, but elects deferred retirement, may defer participation in the Grant until such time as he or she becomes an active retiree. b. An otherwise eligible employee who is not eligible for paid retirement at the time he or she separates from County service but is eligible for and elects deferred retirement shall not become eligible for participation in the Grant.