Corporation Nonqualified Plans Sample Clauses

Corporation Nonqualified Plans. Prior to the Effective Time, New D&B shall assume and become the sponsor of the Corporation Supplemental EBP, the Corporation Supplemental EBP Trust, the Corporation Pension BEP, the Corporation Pension BEP Trust and the Corporation Savings BEP (collectively, the " Corporation Nonqualified Plans") for the benefit of persons who, prior to the Effective Time, were participants thereunder; provided, however, that, with respect to RHD Employees, (i) RHD shall retain the liability for benefits under the Corporation Savings BEP and (ii) New D&B shall retain only those Liabilities 15 for benefits under the Corporation Nonqualified Plans (other than the Corporation Savings BEP) that, prior to the Effective Time, were accrued and to which such participants had earned vested rights thereunder and (iii) the Liabilities retained by New D&B under such plans shall be appropriately adjusted to reflect (A) increases in the contribution limits imposed by Section 415 of the Code and (B) future accruals under the RHD pension plans.
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Corporation Nonqualified Plans. From and after the Effective Time, Corporation shall continue to sponsor the Corporation SERP, the Corporation Pension REP and the Corporation Savings BEP (collectively, the "Corporation Nonqualified Plans") for the benefit of Corporation Post-Distribution Employees and Corporation Retirees who, prior to the Effective Time, were participants thereunder.
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Corporation Nonqualified Plans. Prior to the Effective Time, New D&B shall assume and become the sponsor of the Corporation Supplemental EBP, the Corporation Supplemental EBP Trust, the Corporation Pension BEP, the Corporation Pension BEP Trust and the Corporation Savings BEP (collectively, the "Corporation Nonqualified Plans") for the benefit of persons who, prior to the Effective Time, were participants thereunder; provided, however, that, with respect to Moody's Employees, (i) Moody's shall retain the liability for benefits under the Corporation Savings BEP and (ii) New D&B shall retain only those Liabilities for benefits under the Corporation Nonqualified Plans (other than the Corporation Savings BEP) that, prior to the Effective Time, were accrued and to which such participants had earned vested rights thereunder. Notwithstanding the foregoing, the Liabilities retained by New D&B under such plans (i) shall not include the Liabilities resulting from benefits payable to participants who are not Corporation Employees not reflected in the determination, as of the Effective Time, of such Liabilities, such Liabilities resulting from such benefits shall be assumed and/or retained equally by Moody's and New D&B and (ii) shall be appropriately adjusted to reflect (A) increases in the contribution limits imposed by Section 415 of the Code and (B) future accruals under the Moody's pension plans.
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Related to Corporation Nonqualified Plans

  • Stock Option Plans Each stock option granted by the Company under the Company’s stock option plan was granted (i) in accordance with the terms of the Company’s stock option plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s stock option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Savings Plans Employee shall be entitled to participate in Employer’s 401(k) plan, or other retirement or savings plans as are made available to Employer’s other executives and officers and on the same terms which are available to Employer’s other executives and officers.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Stock Option Plan The Executive shall be eligible to participate in the Company's Stock Option Plan in accordance with the terms and conditions thereof.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Share Option Plans Each share option granted by the Company under the Company’s share option plan was granted (i) in accordance with the terms of the Company’s share option plan and (ii) with an exercise price at least equal to the fair market value of the Ordinary Shares on the date such share option would be considered granted under GAAP and applicable law. No share option granted under the Company’s share option plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, share options prior to, or otherwise knowingly coordinate the grant of share options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

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