Common use of Effect on Pension Rights Clause in Contracts

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between:

Appears in 9 contracts

Samples: Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc)

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Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between:

Appears in 5 contracts

Samples: Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc)

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1subparagraph 10.1, the Employee shall will accrue an additional, fully vested benefit under the Company’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between:

Appears in 3 contracts

Samples: Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc)

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1subparagraph 10.1, the Employee shall accrue an additional, fully vested benefit under the CompanyBank’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension non-qualified plan and shall be determined subject in all respects pursuant to the terms of the applicable tax-qualified defined benefit pension plan(s)plan) equal to the difference between:

Appears in 2 contracts

Samples: Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc)

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.110.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between:

Appears in 2 contracts

Samples: Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc)

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Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.1subparagraph 10.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified non-qualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension non-qualified plan and shall be determined subject in all respects pursuant to the terms of the applicable tax-qualified defined benefit pension plan(s)plan) equal to the difference between:

Appears in 1 contract

Samples: Employment Agreement (Susquehanna Bancshares Inc)

Effect on Pension Rights. In the event of a termination of employment providing for payment of benefits under Subparagraph 6.17.1, the Employee shall accrue an additional, fully vested benefit under the Company’s nonqualified pension plan (which shall be paid at the time and in the form determined under the nonqualified pension plan and shall be determined in all respects pursuant to the terms of the applicable defined benefit pension plan(s)) equal to the difference between:

Appears in 1 contract

Samples: Employment Agreement (Susquehanna Bancshares Inc)

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