Discretionary employer contributions remained subject to a maximum five-year cliff vesting schedule
or two- to seven-year graded vesting schedule
until the Pension Protection Act of 2006 (PPA) amended the vesting rules to apply the three-year cliff and two- to six-year graded maximum schedules to both types of employer contributions.
Table 3 summarizes the vesting schedule
distribution in 1991, after TRA '86 full enactment, reported in the Employee Benefits in Medium and Large Private Establishments, 1991 survey (Bureau of Labor Statistics 1993).
If, prior to August 1, 2019, the company terminates any such recipient's employment without cause, then such recipient's shares will continue to vest in accordance with the vesting schedule
It's important to understand how your particular plan's vesting schedule
We define accelerated vesting as a change in the vesting schedule
for the CEO's stock options and restricted stock that results in such equity grants becoming vested and unrestricted as of the close of the acquisition.
Those plans generally have tax consequences at the date of exercise or sale, whereas restricted stock usu ally becomes taxable upon the completion of the vesting schedule
The vesting schedule
for the county's contribution in the RHS plan is the same as traditional retiree health-care plan the county had offered: Employees are 60 percent vested after 15 years of service, accruing an additional 4 percent vesting increment for each subsequent year of service until becoming fully vested after 25 years of service.
Ask for an accelerated vesting schedule
(for example, vest over five years, or 20% per year).
An option awarded to employees that has a grant date, an exercise price, a vesting schedule
, and a maturity date.
A typical service-based vesting schedule
generally is sufficient to create a substantial risk of forfeiture under Section 457(f).
"We welcome the remuneration committee's assurances that the vesting schedule
for the absolute share price measure will take appropriate account of the movement in share price since the beginning of the year," it added.
If appropriate, a vesting schedule
can be used that provides for nonforfeitable appreciation rights prior to the end of the deferral period.