Vested Percentage

Vested Percentage. Means the percentage of the supplemental retirement benefit in Section 2 earned by the Employee, subject in any event to the forfeiture provision of Section 4 and the change in control provision of Section 5. The Vested Percentage is one hundred percent (100%) in any of the following circumstances: (i) after the Employee completes five (5) years of Vesting Service; (ii) if the Employee suffers a Disability; or (iii) if the Employee retires from the Company after... attainment of age sixty-two (62). In the event the Employee does not have a Vested Percentage of one hundred percent (100%), he shall receive ten percent (10%) vesting for each complete year of Vesting Service. View More

Vested Percentage. Means as of any given date, that portion of the Benefit that is then vested, as determined in accordance with Section 2 hereof.

Vested Percentage. Vested Percentage means a Participant's nonforfeitable interest in his Accrued Benefit determined in accordance with Section 6.