Common use of Eligibility in Other Employer Plans Clause in Contracts

Eligibility in Other Employer Plans. Nothing contained in this Agreement shall affect the right of Employee to participate or to continue to participate in any pension plan or in any other supplemental compensation arrangement sponsored by Employer which may constitute a part of Employer's regular compensation structure or in any discretionary bonus which Employer may pay to its employees; and Employee may receive the benefits under the provisions of any such pension plan or other arrangements in accordance with the terms thereof. Any benefits paid to Employee pursuant to this Agreement shall not be deemed salary or other eligible compensation for the purpose of computing fringe benefits or benefits to which Employee may be entitled under any pension plan or other arrangement sponsored by Employer for the compensation of its employees.

Appears in 7 contracts

Samples: Supplemental Retirement Plan (York Water Co), Supplemental Executive Retirement Plan (York Water Co), Supplemental Retirement Plan (York Water Co)

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