Fully Vested definition

Fully Vested means the Participant's DSU Value when computed pursuant to Section 2, item R (1) above.
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Fully Vested means that, with respect to an RSU, both (A) the continued Service and (B) the TSR Value performance condition applicable to such RSU has been satisfied.
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Fully Vested means that upon separation from employment with the Bristol Police Department, such employee may elect not to withdraw the assessments paid into the fund by him, and instead to collect, upon reaching the age when he would have been eligible for a normal pension, a retirement allowance based on two and eight-tenths percent (2.8%) of compensation per year of continuous service completed prior to separation from employment. Such percentage shall be applied against his rate of compensation at the time of his separation from employment, and the resulting retirement allowance shall not be increased thereafter for any reason. This Section shall not apply in the case of a discharge for just cause which is not reversed upon appeal or a resignation by an employee who has been informed he is under investigation for an offense which constitutes just cause for discharge, and from which he is not exonerated. For purposes of this section, compensation excludes sick leave payout as it is not applicable.
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Examples of Fully Vested in a sentence

  • If a Participant terminates Employment due to a Disability, his or her benefit shall be the Account Balance of all of his or her Accounts determined as a Fully Vested Separation in accordance with Section 5.2 and Section 10.6.2. The Benefit Commencement Date of any such Participant on whose behalf contributions are being made pursuant to Section 3.1.4 shall be as soon as practicable after the date such contributions cease.

  • In a similar fashion, Employee shall have an option to require the LLC to purchase back his entire Fully Vested Ownership Interest in the LLC at the fair market value of such Ownership Interest as determined pursuant to the terms of this Agreement (the "Put Option").

  • Subject to the other provisions hereof, an Option shall be exercisable, in whole or in part, to the extent it has become Fully Vested (as set forth below), by written notice to the Holding Company at any time, and from time to time, during the period of time after the date hereof and prior to the tenth anniversary of the date hereof or such earlier date upon which such Option expires as specified herein or in the Plan.

  • Avi Israeli, the Registered Holder and the Company (the “Agreement”) is terminated prior to the Fully Vested Date, in which case no further Warrant Shares shall vest on or after the date of such termination.

  • In the event of the termination of Employee's employment with Employer, for whatever reason, and with or without cause, then the LLC shall have the right to purchase the Fully Vested Ownership Interest of Employee at the fair market value of such Ownership Interest as determined pursuant to the terms of this Agreement (the "Call Option").


More Definitions of Fully Vested

Fully Vested means that, with respect to a Profits Interest Unit, both (A) the continued Service and (B) the TSR Value performance condition applicable to such Profits Interest Unit has been satisfied.
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Fully Vested means the following: (A) twenty-five percent (25%) of the Restricted Stock Units otherwise vested in Participant as provided herein shall become distributable in Plan Shares upon the Corporation’s repayment of twenty-five percent (25%) of the TARP Funds; (B) an additional twenty-five percent (25%) of the Restricted Stock Units otherwise vested in Participant as provided herein shall become distributable in Plan Shares upon the Corporation’s repayment of fifty percent (50%) of the TARP Funds; (C) an additional twenty-five percent (25%) of the Restricted Stock Units otherwise vested in Participant as provided herein shall become distributable in Plan Shares upon the Corporation’s repayment of seventy-five percent (75%) of the TARP Funds; (D) the remainder of the Restricted Stock Units otherwise vested in a Participant as provided herein shall become distributable in Plan Shares upon the Corporation’s repayment of one hundred percent (100%) of the TARP Funds.
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Fully Vested. Separation" 1.48 "Group Trust" 1.49 "Highly Compensated Employee" 1.50 "Hour of Service" 1.51 "Immediately Distributable" 1.52 "Investment Manager" 1.53 "Key Employee" TABLE OF CONTENTS
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Fully Vested means, in respect of an Optionholder who was, as of January 2, 2004:
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Fully Vested. RSUs” Section 3.5.3 “Fund” Recitals
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Fully Vested means that upon separation from employment with the Bristol Fire Department such employee may elect not to withdraw the assessments paid into the fund and instead upon reaching the age when he/she would have been eligible for a normal pension collect a retirement allowance based on two and eight tenths percent (2.8%) of compensation per year of continuous service completed prior to separation from employment. Such percentage shall be applied against the rate of base compensation at the time of separation from employment and the resulting allowance shall not be increased thereafter for any reason. Compensation shall be defined to mean the annual rate of the base salary for the employee’s rank and step, as set forth in the applicable collective bargaining agreement (if any). This section shall not apply in the case of a discharge for just cause which is not reversed upon appeal or a resignation by an employee who has been informed he/she is under investigation for an offense which constitutes just cause for discharge and from which he/she is not exonerated. For purposes of this section, compensation excludes sick leave payout as it is not applicable.
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Fully Vested. Separation: Termination of Employment, by reason other than death, of a Participant whose vested percentage in each Employer Account is 100%.
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