Vesting due to Certain Events. (a) A participant who incurs a Separation from Service due to Retirement shall be fully vested in the amounts credited to his or her Account as of the date of Retirement. (b) A Participant who incurs a Separation from Service due to Disability shall be fully vested in the amounts credited to his or her Account as of the date of Disability. (c) Upon a Participant’s death, the Participant shall be fully vested in the amounts credited to his or her Account.
Appears in 3 contracts
Sources: Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp), Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp), Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp)