Enhanced Retirement Benefit. During the Term of Employment, Executive shall be eligible to receive a contribution to his deferred compensation account on an annual basis in an amount as determined by and in the sole discretion of the Board.
Enhanced Retirement Benefit. (a) In the event of a Termination Without Cause or a Termination for Good Reason for which the Termination Date occurs during the Post- Change Period, the aggregate amount of Executive's annual retirement benefit pursuant to Section 6.3(a) shall be computed on the basis of the assumptions set forth in such Section 6.3(a), together with the additional assumptions that Executive had:
Enhanced Retirement Benefit. As an Executive, effective beginning January 1, 2013, NBTB may contribute to the Executive’s deferred compensation account on an annual basis an amount between 0%-10% of Executive’s base salary, at the discretion of the Board of Directors.
Enhanced Retirement Benefit. (A) Any Participant who elects to make an additional voluntary contribution of two and one-half (2.5%) percent of wages in accordance with Section 3.06(A) shall be entitled to an enhanced retirement benefit which shall consist of an additional .25% (one-quarter of one percent) of the Participant’s average compensation multiplied by the number of units of the Participant’s Benefit Credit which are earned after the date of the election.
(B) Any Participant who elects to make an additional voluntary contribution of five percent (5%) of wages in accordance with Section 3.06(B) shall be entitled to an additional enhanced retirement benefit which shall consist of an additional .50% (one-half of one percent) of the Participant’s average compensation multiplied by the number of units of the Participant’s Benefit Credit which are earned after the date of the election.
Enhanced Retirement Benefit. Pursuant to and in accordance with the terms of the letter agreement between you and Kodak dated April 29, 2005 (the "Agreement"), you will receive the current balance in your phantom cash balance account, equal to $200,000, plus accrued interest as of the Last Day of Work. As stated in the Agreement, this amount will (i) be paid in a lump sum within two weeks after the date that is six months after the Last Day of Work; (ii) not be funded in any manner; (iii) be included in your gross income as ordinary income, subject to all income and payroll tax withholding required to be made under all applicable laws; and (iv) not be grossed up or be given any other special tax treatment by Kodak.
Enhanced Retirement Benefit. In addition to any benefit you may be eligible for under the Agreement, you will also be eligible for an enhanced retirement benefit. More specifically, Kodak will establish a phantom cash balance account on your behalf. Subject to your satisfaction of the terms of this letter agreement and the Agreement, including but not limited to Subsection (B) below, Kodak will, for up to a maximum of five (5) years, credit this account by $200,000 each year, beginning on June 1, 2005 and continuing on each succeeding June 1 until June 1, 2009. Thus, the maximum amount Kodak will credit to this account is $1,000,000. By way of example, assuming you remain continuously employed by Kodak until June 1, 2009, your account balance will be credited by $1,000,000. Any amounts credited to this account will earn interest at the same interest rate that amounts accrue interest under the cash balance benefit of the Kodak Retirement Income Plan ("KRIP").
Enhanced Retirement Benefit. (a) In the event of (i) a Termination Without Cause or a Termination for Good Reason (including a Termination for Good Reason within the meaning of Section 1.24(b)) for which the Termination Date occurs during the Post-Change Period, (ii) a Termination Without Cause or a Termination for Good Reason (including a Termination for Good Reason within the meaning of Section 1.24(b)) for which the Termination Date occurs at any other time on or after the Commencement Date and prior to the earlier of Normal Retirement or December 31, 2004, or (iii) a Termination for Good Reason within the meaning of Section 1.24(b) for which the Termination Date occurs at any other time on or after the Commencement Date and prior to Normal Retirement, the aggregate amount of Executive's annual retirement benefit pursuant to Section 6.2(a) shall be computed on the basis of the assumptions set forth in such Section 6.2(b), together with the additional assumptions that Executive had:
Enhanced Retirement Benefit. The Company shall provide you with the following additional benefits under the Gerber Scientific, Inc. and Participating Subsidiaries Supplemental Pension Benefit Plan ("SERP"):
(i) The Company will calculate your benefits under the SERP by determining your unreduced benefit under the Gerber Scientific, Inc., and Participating Subsidiaries Pension Plan ("Pension Plan") for purposes of Section 4.1(a) of the SERP as if you were five years older and had five additional years of service.
(ii) Section 4.3 of the SERP will be inapplicable, and the effective date of your retirement under the SERP will be the Separation Date, notwithstanding the fact that you will be ineligible to retire as of such date under the Pension Plan.
(iii) As of the earliest date that benefits could commence under the Pension Plan, your benefits under the SERP will be reduced by the actuarial equivalent of the benefits payable under the Pension Plan, regardless of whether you elect to retire under the Pension Plan as of such date.
Enhanced Retirement Benefit. During the Term of Employment, Executive shall be eligible to receive a contribution to her deferred compensation account on an annual basis in an amount as determined by and in the sole discretion of the Board. In connection with Executive’s commencement of employment, (A) as soon as reasonably practicable following the Commencement Date, the Company will make a special contribution equal to thirty-five thousand dollars ($35,000) to Executive’s account; (B) subject to Executive’s continued service with the Company as of such time, the Company will make an additional special contribution equal to thirty-five thousand dollars ($35,000) in August 2022, and (C) subject to Executive’s continued service with the Company as of such time, the Company will make an additional special contribution equal to thirty-five thousand dollars ($35,000) in August 2023.
Enhanced Retirement Benefit. You will receive an enhanced retirement benefit equal to the excess of (1) the aggregate retirement benefit you would have received under the NiSource Inc. Supplemental Executive Retirement Plan ("SERP") and the NiSource Inc. and Northern Indiana Public Service Company Pension Plan Provisions Pertaining to Salaried and Non-Exempt Employees, as in existence on January 31, 2003 (collectively, the "Retirement Plans") had your aggregate retirement benefit under the Retirement Plans been calculated as if you had reached age 60 and completed 25 years of Service and Credited Service under the Retirement Plans as of January 31, 2003, and assuming you received the greater of the threshold 2002 incentive bonus or the actual 2002 bonus you received, over (2) the aggregate retirement benefit you are actually entitled to receive under the terms of the Retirement Plans. This enhanced retirement benefit will be paid at the same time and in the same form as your actual retirement benefit payable under the SERP and will be considered a nonqualified retirement benefit payable to you from the Company pursuant to the SERP and not pursuant to the terms of the NiSource Inc. and Northern Indiana Public Service Company Pension Plan provisions pertaining to Salaried and Non-Exempt Employees. The utilization of age 60 in the method of calculating this enhanced retirement benefit will apply even if Paragraph 4 becomes applicable.
