Vesting

Always Vested

You are always 100% vested in your salary contributions and their earnings, as well as any amounts you roll over into the plan.

Being vested means that you own the contributions and earnings in your account.

You gradually become vested in MPTN’s matching contributions and any earnings on those contributions according to the vesting schedule below after you complete one year of continuous service with MPTN. (A team member is credited with one year of vesting service on his or her anniversary date of hire and each annual anniversary thereafter.)

For purposes of vesting, your service with MPTN is calculated from the date you begin working for MPTN until the earlier of:

• the date you terminate employment, voluntarily or involuntarily,
• the date you die, or
• the first anniversary of the date you are first absent from service, with or without pay, for any reason such as vacation, sickness, disability, layoff, or leave of absence.

Vesting Schedule

MPTN’s matching contributions to your account and any earnings on those contributions vest as follows:

In addition, you will be fully vested in your account balance in the event of the following:

• You die while actively employed at MPTN,
• You reach age 65,
• Your employment with MPTN ends because you become totally and permanently disabled,
• Permanent discontinuance of MPTN’s matching contribution under the Plan, or
• The Plan is terminated, in full or in part.

If You Are Rehired

If you stop working for MPTN and are later rehired, your vesting status for MPTN matching contributions depends on how long you were away from MPTN and whether your time away is considered a break in service.

For vesting purposes, a break in service is a period of at least 12 continuous months that you were not employed by MPTN.

You receive vesting credit for your prior service if you meet at least one of the following requirements:

• You are rehired without a break in service.
• You are rehired with a break in service, but you were away for fewer than five years.
• You were 100% vested before your break in service.

Any unvested portion of your account that you forfeited at the time of your termination can be restored if you meet one of the following requirements:

• You are rehired without a break in service.
• You are rehired with a break in service, but you were away for fewer than five years.

However, if you took a distribution when you terminated your employment, you must repay it in order to be re-credited with the amounts you forfeited when you stopped working at MPTN. You will be re-credited with the amounts forfeited if you repay the entire amount of the distribution on or before the five-year anniversary of the date you received the distribution.