But Mr Davies, who represents Monmouth, released a letter he has received from Defence Minister Anna Soubry, which says: "Welsh Government officials' intent was that Serco, their appointed contractor, would provide seven-day airfield operating services from July 1, full vesting
On a pro forma basis, assuming the full vesting
and exercise of the Warrants, the Company's outstanding shares would increase from the currently fully diluted 47,708,116 to 51,856,648.
If full vesting
is conditioned on the future performance of substantial services, the QTP contributions appear to meet the Sec.
The terms of the deal say that if he leaves the group 'prior to the full vesting
of his share tranches, and without the express consent of SMG, he forfeits the right to receive any outstanding entitlement'.
Ross said this was his last opportunity to correct an error in the length of the contract in order to provide the president with full vesting
in the state retirement system,'' e-mail said.
Employers can choose when employees are fully vested; however, some companies don't allow for full vesting
until after 10 years of service.
The Employee Retirement Income Security Act of 1974 requires any pension plan, whether defined benefit or defined contribution, to adopt a vesting schedule that meets one of the following standards: 5-year cliff vesting, in which no vesting occurs until participants have completed 5 years of service, at which time they are 100 percent vested; and graduated (graded) vesting, in which the employee is 20 percent vested after 3 years of service and 20 percent vested for each subsequent year of service, with full vesting
reached after 7 years of service.
The unvested portion of the stock option is subject to acceleration and full vesting
if the employment of Dr.
In the United States, single employer plans must provide full vesting
after 5 years of participation or a graded schedule that provides full vesting
after 7 years.
Shares used in computing diluted core net income per share are calculated using the treasury stock method which assumes full exercise of in-the-money stock options and warrants and full vesting
of restricted stock.
The unvested portions of the time-based restricted share grant and time-based stock option are subject to acceleration and full vesting
immediately prior to the date of a change in control (as such term is defined in the employment agreement), provided, however, that the performance based stock option will only accelerate and become fully vested if, on or after the date of the announcement of a transaction which leads to a "change of control" (as such term is defined in the employment agreement) of the Company and up to 12 months following the date of the change in control, Mr.
Failure to apply full vesting
in a partial termination.