Vesting Computation Method Clause Samples

The Vesting Computation Method clause defines how and when ownership rights or benefits, such as stock options or retirement benefits, become fully granted to an individual over time. Typically, this clause outlines the schedule and conditions under which vesting occurs, such as a percentage of benefits vesting each year or upon reaching certain milestones. Its core practical function is to provide a clear and predictable framework for both parties, ensuring that entitlements are earned progressively and reducing disputes over when full ownership or benefits are achieved.
Vesting Computation Method. (a) In general (b) Change In Computation Period
View SourceView Similar (2)
Vesting Computation Method. (a) In general. If Breaks-in-Service and Years of Service are calculated under the 1,000 Hour Method, then for vesting purposes an Employee shall be credited with a Year of Service for each Plan Year in which the Employee completes 1,000 or more Hours of Service. If Breaks-in-Service and Years of Service are calculated under the Elapsed Time Method, then for vesting purposes an Employee shall be credited with a Year of Service for each 12-consecutive months of Service, which begins on the employment commencement date.
View Source
Vesting Computation Method 
View SourceView Similar (3)

Related to Vesting Computation Method

  • Balance Computation Method For all accounts, dividends are calculated by the daily balance method, which applies a daily periodic rate to the balance in the account each day. Dividends will begin to accrue on the business day you deposit non-cash items (e.g., checks) to your account if deposited before the close of business. If you close any of your dividend earning accounts before dividends are credited you may not receive the accrued dividends up to the date of account closure.

  • Allocation Method (Choose one of a. or b.): a. [ ] All the same. Using the same allocation method as applies to the Signatory Employer under this Election 28. b. [ ] At least one different. Under the following allocation method(s): .

  • Vesting Dates The ISOs shall vest as follows, subject to earlier vesting in the event of a termination of Service as provided in Section 6 or a Change in Control as provided in Section 7:

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Performance Measurement The Uniform Guidance requires completion of OMB-approved standard information collection forms (the PPR). The form focuses on outcomes, as related to the Federal Award Performance Goals that awarding Federal agencies are required to detail in the Awards.