FULL VESTING ON TERMINATION Clause Samples
The "Full Vesting on Termination" clause ensures that an individual becomes fully entitled to all unvested benefits, such as stock options or retirement plan contributions, upon the termination of their employment. In practice, this means that if an employee leaves the company—whether voluntarily or involuntarily—they immediately receive ownership of all benefits that would have otherwise vested over time. This clause is commonly used to protect employees from losing valuable compensation due to circumstances beyond their control, and it provides certainty and fairness regarding benefit entitlements at the end of employment.
FULL VESTING ON TERMINATION. Upon either full or partial termination of the Plan, or, if applicable, upon complete discontinuance of profit sharing plan contributions to the Plan, an affected Participant's right to his Accrued Benefit is 100% Nonforfeitable, irrespective of the Nonforfeitable percentage which otherwise would apply under Article V.
FULL VESTING ON TERMINATION. Upon either full or partial termination of the Plan, or, if applicable, upon complete discontinuance of profit sharing plan contributions to the Plan, an affected Participant’s right to his/her Account Balance is 100% Vested, irrespective of the Vested percentage which otherwise would apply under Article V.
FULL VESTING ON TERMINATION. Notwithstanding any other provision of this Plan to the contrary, upon either full or partial termination of the Plan by the Employer at any time, an affected Participant’s right to his or her Accrued Benefit shall be one hundred percent (100%) Nonforfeitable.
FULL VESTING ON TERMINATION. 54 12.05 Merger/direct Transfer......................................54 12.06 Termination.................................................55
FULL VESTING ON TERMINATION. Upon either full or partial termination --------------------------- of the Plan, or, if applicable, upon complete discontinuance of profit sharing plan contributions to the Plan, an affected Participant's right to his or her Accrued Benefit is 100% Nonforfeitable, irrespective of the Nonforfeitable percentage which otherwise would apply under Article V.
FULL VESTING ON TERMINATION. 49 11.05 Merger/direct Transfer......................................49 11.06 Termination.................................................50 11.07 [Reserved]..................................................52 11.08 Direct Transfer of Assets from Terminated Thrift Plan.......52 11.09 [Reserved]..................................................52 11.10 Vesting of Participants Transferred to Policyholder Service Corporation...............................................52 11.11 Transfer of Assets to IFTC Plan.............................53 11.12 Vesting of Participants in Vital Records Storage Group......
FULL VESTING ON TERMINATION. 50 13.5 Merger/Direct Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 13.6 Termination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 v. 7 EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT OF J. D. ▇▇▇▇▇▇▇ & ▇OMPANY (AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 1996) J. D. ▇▇▇▇▇▇▇ & ▇OMPANY, a corporation organized under the laws of the State of Colorado, referred to as the "Employer," makes this Agreement with JACK ▇▇▇▇▇▇▇▇, ▇▇EG ▇. ▇▇▇▇▇ ▇▇▇ RICH▇▇▇ ▇. ▇▇▇▇▇, ▇▇llectively referred to as the "Trustee. "
FULL VESTING ON TERMINATION. 64 13.05 Merger/Direct Transfer ....................................... 64 13.06 Termination .................................................. 64 ARGO-TECH CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST AGREEMENT Argo-Tech Corporation, a corporation organized under the laws of the State of Delaware (the "Company"), hereby enters into this Agreement with Society National Bank, a national banking institution with its principal office located in Cleveland, Ohio, as Trustee.
FULL VESTING ON TERMINATION. 49 13.06 Post Termination Procedure and Distribution .......................... 49 13.07 Merger/Direct Transfer ............................................... 49 ARTICLE XIV, CODE ss.401(k) AND CODE ss.401(m) ARRANGEMENTS 14.01 Application .......................................................... 51 14.02 40l(k) Arrangement .................................................. 51 14.03 Definitions .......................................................... 54 14.04 Matching Contributions/ Employee Contributions ....................... 55 14.05 Deferral Deposit Timing/Employer Contribution Status ................. 56 14.06
FULL VESTING ON TERMINATION. 13.06 Merger/Direct Transfer . . . . . . . . . . . . . . . 13.07 Termination . . . . . . . . . . . . . . . . . . . . .
ARTICLE XIV CODE Section 401(K) & CODE Section 401(M) ARRANGEMENTS