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MTH » Topics » 4. VESTING .

This excerpt taken from the MTH 10-Q filed May 10, 2005.

4.             VESTING.

As of the date of this Agreement, the Company Contribution credited to Executive’s Deferred Bonus Account shall be unvested and subject to forfeiture on the termination of Executive’s employment for any reason prior to January 1, 2008. If Executive continues to be employed by the Company on and through December 31, 2007, Executive shall be fully vested in amounts credited to his Deferred Bonus Account and his rights and interests therein shall not be forfeitable.

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