Vesting represents your ownership rights to your account balance at a given point in time.

You are fully vested upon date of hire except, under unusual circumstances, vesting may be postponed if your employer chooses one of the available vesting schedules offered and approved by MMBB Financial Services. Such agreements may be in writing and limited to the first year of participation; that is, a one-year cliff vesting schedule.

After you have completed the required years of service, you will become 100% vested in the Retirement Only Plan premiums and earnings. Service, for vesting purposes, begins from the date of hire.

Retirement Only Plan premiums and earnings also become fully vested upon death, disability or retirement.

Forfeitures


You cannot take the non-vested portion of your plan with you when you leave your organization. This portion will be forfeited on the last day of the month in which you terminate employment unless you take a distribution prior to that.

If your employment with your organization is terminated before you become fully vested and you do not return to employment within five years, your service before such termination will count toward the determination of vesting only. You will not be entitled to any previously forfeited balances.

Premiums and Earnings

The following vesting schedule will apply to the employer Tax-Deferred Annuity premiums for terminations after 1/1/2006:

Terminations after 1/1/2006
Years of Membership	Percent Vested
1 year	0% vested
2 years	20% vested
3 years	40% vested
4 years	60% vested
5 years	80% vested
6 years	100% vested

For terminations prior to 1/1/2006, the below vesting scheduled will apply:

Terminations prior to 1/1/2006
Years of Membership	Percent Vested
1 year	0% vested
2 years	10% vested
3 years	15% vested
4 years	25% vested
5 years	50% vested
6 years	100% vested

Service, for vesting purposes, begins from the date of hire.

Retirement Only Plan premiums and earnings also become fully vested upon death, disability or retirement.