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What Are Years Of Vesting Service?
Years of Vesting Service determine when and whether you
become eligible for a deferred retirement payment.
You will be credited with years of Vesting Service for
periods before January 1, 1976 in the same amount as the Past and/or Future
Service credit that you received for that period. From January 1, 1976 you will
be credited with one year of Vesting Service for each Plan Year in which you
complete at least 1,000 hours of service as a covered employee of the
Company.
In addition, if you work for the Company, an affiliated
Company or a subsidiary of the Company in a job not covered by this Plan, in
most cases your hours of work in that non-covered job count towards a year of
vesting service.
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