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DIS » Topics » 3.4 Vesting

These excerpts taken from the DIS 10-K filed Nov 20, 2008.

3.4 Vesting

 

(a)

Vested Benefit. Except as otherwise provided in this Plan section, a Participant who is vested under the Retirement Plan shall be 100 percent vested in his Retirement Income and shall be entitled to a benefit from the Plan. If a Participant has a

 

11

 

Separation from Service prior to becoming vested under the Retirement Plan, his Retirement Income under the Plan shall be immediately forfeited.

 

(b) Vesting on Change in Control. If a Change in Control occurs, each Participant shall become 100 percent vested in his Retirement Income if he is not already 100 percent vested upon the Change in Control.

 

(c) Level of Combined Vested Benefit. The amount of the combined vested benefits under the Retirement Plan and the Plan that the Participant is entitled to receive as of a date certain generally shall not decrease after the Participant’s benefits under the Plan become 100 percent vested; provided, however, that the portion of the Participant’s vested benefits payable under this Plan may decrease over time where benefits payable under the Retirement Plan increase due to the operation of the Plan and the Retirement Plan.

 

12

3.4 Vesting

 

(a)

Vested Benefit. Except as otherwise provided in this Plan section, a Participant who is vested under the Retirement Plan shall be 100 percent vested in his Retirement Income and shall be entitled to a benefit from the Plan. If a Participant has a

 

11

 

Separation from Service prior to becoming vested under the Retirement Plan, his Retirement Income under the Plan shall be immediately forfeited.

 

(b) Vesting on Change in Control. If a Change in Control occurs, each Participant shall become 100 percent vested in his Retirement Income if he is not already 100 percent vested upon the Change in Control.

 

(c) Level of Combined Vested Benefit. The amount of the combined vested benefits under the Retirement Plan and the Plan that the Participant is entitled to receive as of a date certain generally shall not decrease after the Participant’s benefits under the Plan become 100 percent vested; provided, however, that the portion of the Participant’s vested benefits payable under this Plan may decrease over time where benefits payable under the Retirement Plan increase due to the operation of the Plan and the Retirement Plan.

 

12

3.4 Vesting

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(a)

Vested Benefit. Except as otherwise provided in this Plan section, a Participant who is vested under the Retirement Plan shall be 100 percent
vested in his Retirement Income and shall be entitled to a benefit from the Plan. If a Participant has a

 


11











 


Separation from Service prior to becoming vested under the Retirement Plan, his Retirement Income under the Plan shall be immediately forfeited.

 





(b)Vesting on Change in Control. If a Change in Control occurs, each Participant shall become 100 percent vested in his Retirement Income if he is not already 100 percent
vested upon the Change in Control.

 





(c)Level of Combined Vested Benefit. The amount of the combined vested benefits under the Retirement Plan and the Plan that the Participant is entitled to receive as of a
date certain generally shall not decrease after the Participant’s benefits under the Plan become 100 percent vested; provided, however, that the portion of the Participant’s vested benefits payable under this Plan may decrease over
time where benefits payable under the Retirement Plan increase due to the operation of the Plan and the Retirement Plan.

 


12







EXCERPTS ON THIS PAGE:

10-K (3 sections)
Nov 20, 2008

RELATED TOPICS for DIS:

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