Enhanced Retirement Benefits. In determining the defined benefit retirement benefits made available to the Executive, the Executive shall be entitled to receive the additional benefits that would have been payable or available to the Executive under any employee benefit plan based on (x) the service the Executive would have attained or completed had the Executive continued in the Company's employ until the End Date and, (y) where compensation is a relevant factor, his/her pensionable compensation at the Date of Termination. Notwithstanding the foregoing, the Executive shall not receive any service credit for any period after the Executive has attained 65.
Appears in 5 contracts
Samples: Employment Continuation Agreement (Hancock John Financial Services Inc), Employment Continuation Agreement (Hancock John Financial Services Inc), Employment Continuation Agreement (Hancock John Financial Services Inc)
Enhanced Retirement Benefits. In determining the defined benefit retirement benefits made available to the Executive, the Executive shall be entitled to receive the additional benefits that would have been payable or available to the Executive under any employee benefit plan based on (x) the service (but not the age) the Executive would have attained or completed had the Executive continued in the Company's employ until the End Date and, (y) where compensation is a relevant factor, his/her pensionable compensation at the Date of Termination. Notwithstanding the foregoing, the Executive shall not receive any service credit for any period after the Executive has attained age 65.
Appears in 3 contracts
Samples: Employment Continuation Agreement (Hancock John Financial Services Inc), Employment Continuation Agreement (Hancock John Financial Services Inc), Employment Continuation Agreement (Hancock John Financial Services Inc)
Enhanced Retirement Benefits. In determining the defined benefit retirement benefits made available to the Executive, the Executive shall be entitled to receive the additional benefits that would have been payable or available to the Executive under any employee benefit plan based on (x) the service (but not the age) the Executive would have attained or completed had the Executive continued in the Company's employ until the End Date and, (y) where compensation is a relevant factor, his/her pensionable compensation at the Date of Termination. Notwithstanding Nothwithstanding the foregoing, the Executive shall not receive any service credit for any period after the Executive has attained age 65.
Appears in 2 contracts
Samples: Employment Continuation Agreement (Hancock John Financial Services Inc), Employment Continuation Agreement (Hancock John Financial Services Inc)
Enhanced Retirement Benefits. In determining the defined benefit retirement benefits made available to the Executive, the Executive shall be entitled to receive the additional benefits that would have been payable or available to the Executive under any employee benefit plan based on (x) the service (but not the age) the Executive would have attained or completed had the Executive continued in the Company's employ until the End Date and, (y) where compensation is a relevant factor, his/her pensionable compensation at the Date of Termination. Notwithstanding the foregoing, the Executive shall not receive any service credit for any period after the Executive has attained 65.
Appears in 1 contract
Samples: Employment Continuation Agreement (Hancock John Financial Services Inc)
Enhanced Retirement Benefits. In determining the defined benefit retirement benefits made available to the Executive, the Executive shall be entitled to receive the additional benefits that would have been payable or available to the Executive under any employee benefit plan based on (x) the service (but not the age) the Executive would have attained or completed had the Executive continued in the Company's employ until the End Date and, (y) where compensation is a relevant factor, his/her pensionable compensation at the Date of Termination. Notwithstanding the foregoing, the Executive shall not receive any service credit for any period after the Executive has attained 65.
Appears in 1 contract
Samples: Employment Continuation Agreement (Hancock John Financial Services Inc)
Enhanced Retirement Benefits. In determining the defined benefit retirement benefits made available to the Executive, the Executive shall be entitled to receive the additional benefits that would have been payable or available to the Executive under any employee benefit plan based on (x) the service the Executive would have attained or completed had the Executive continued in the Company's employ until the End Date and, (y) where compensation is a relevant factor, his/her pensionable compensation at the Date of Termination. Notwithstanding Nothwithstanding the foregoing, the Executive shall not receive any service credit for any period after the Executive has attained age 65.
Appears in 1 contract
Samples: Employment Continuation Agreement (Hancock John Financial Services Inc)