Company: LBRDK
Filing Date: 2025-06-17
Form Type: 11-K
Source: 0001611983-25-000024
Chunk: 5

Company: Liberty Broadband Corp
Filing Date: 2025-06-17
Form: 11-K
Chunk 5
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 of service with the Company, as defined in the Plan document. The vesting schedule is as follows:

| ​                         | ​ |          ​ | ​ | ​ |
| ​                         | ​ |     Vested | ​ | ​ |
| Years of service          | ​ | percentage | ​ | ​ |
| Less than 1               | ​ |          0 | % | ​ |
| 1 or more but less than 2 | ​ |         33 | % | ​ |
| 2 or more but less than 3 | ​ |         66 | % | ​ |
| 3 or more                 | ​ |        100 | % | ​ |

Any portion of a participant's account which is forfeitable shall be forfeited on the earlier of the date a terminated participant receives a distribution or the date on which the participant experiences five consecutive one-year breaks in service (as defined in the Plan document). A participant's interest in their Matching Account fully vests without regard to the number of years of service when the participant, while still employed: (i) attains Normal Retirement Age (as defined in the Plan document); (ii) dies; or (iii) becomes totally and permanently disabled. A participant's interest in their Matching Account fully vests upon termination or partial termination of the Plan. If a participant terminates participation for any reason other than attainment of Normal Retirement Age and retirement, death or disability while any portion of his or her account in the Plan is forfeitable, receives a distribution of his or her vested account balance attributable to Company matching contributions, and again becomes an eligible employee, the participant may repay that entire distribution before the earlier of five consecutive one-year breaks in service or five years from his reemployment date. Upon such repayment, the value of that participating employee's account previously forfeited will be restored. Payment of Benefits A participant or beneficiary may elect to receive a lump-sum distribution equal to the value of the participant’s vested interest in his or her account upon attaining the age of 59-1/2, termination due to death, disability or retirement, or any other termination of employment. Participants who terminate with vested benefits less than $1,000 will automatically receive the value of the vested balance in their account as a lump-sum distribution. Participants who terminate with vested benefits greater than $1,000 and less than $7,000 will automatically receive the value of the vested balance in their account as a rollover into an Individual Retirement Account. The limit was $5,000 prior to January 1