VESTING: DEFINED CONTRIBUTION PLANS
01.Core Concepts
Employee Contribution 2-Year Eligibility Election* All Employer Contributions Years of Service 3-Year Cliff 2-to-6-Year Graduated 100% 0 0 0 1 100% 100% 0 20% 2 100% 100% 100% 40% 3 100% 100% 100% 60% 4 100% 100% 100% 80% 5 100% 100% 100% 100% 6 * Note: The two-year vesting schedule also applies to employer contributions under a 401(k) plan that makes use of an Automatic Enrollment Feature, as outlined in PPA 2006 (effective for years after 2007).