Excess Plan Sample Clauses
An Excess Plan clause defines the terms under which an insurance policy provides coverage that is secondary to other existing insurance policies. In practice, this means the policy only pays out after the limits of any primary insurance have been exhausted, and it applies to situations where multiple insurance policies may cover the same risk, such as in liability or property insurance. The core function of this clause is to clarify the order in which insurance policies respond to a claim, thereby preventing disputes and ensuring that coverage responsibilities are clearly allocated among insurers.
Excess Plan. Upon the Executive's termination of employment for any reason, the Executive's entitlements, if any, under the Non-Qualified Deferred Compensation Plan and 401(k) Excess Plan shall be distributed under the terms of such plans and any applicable administrative guidelines and written agreements.
Excess Plan. The Executive shall not be eligible to participate in the Xerium Inc. Supplemental Pension Plan for U.S. Employees.
Excess Plan. Effective as of the Coverage Date, Corn shall adopt a plan similar to the CPC International Inc. Excess Savings Plan (the "Excess Savings Plan"). Such plan shall include provisions recognizing service of covered Corn Employees with CPC prior to the Coverage Date for all plan purposes. The liability for accrued benefits of covered Corn Employees under the Excess Savings Plan shall be transferred to and recognized by the Corn plan contemplated by this Section 3.3.
Excess Plan. The Employee shall receive the vested portion of his account under the Cinergy Corp. 401(k) Excess Plan, including all earnings accrued thereon, in accordance with his supplemental retirement benefit distribution election.
Excess Plan. Since ▇▇. ▇'▇▇▇▇ has more than 5 years of service with the Company, ▇▇. ▇'▇▇▇▇ is eligible for a lump sum Excess Plan payment. However, since ▇▇. ▇'▇▇▇▇ is a “key employee” as defined by IRC Section 409A, ▇▇. ▇'▇▇▇▇ will have to wait six (6) months after August 1, 2012, before receiving any deferred compensation payments for benefits accrued or vested under the Excess plan.
Excess Plan. “401(k) Excess Plan” means the Cinergy Corp. 401(k) Excess Plan, or any similar plan or successor to that plan.
Excess Plan. The General Counsel and Corporate Secretary ----------- is eligible to participate in the Company's Executive Nonqualified Excess Plan ("Excess Plan"). Pursuant to current terms, the Excess Plan is a nonqualified savings program offered to Executives that operates in similar fashion to the Company's 401(k)
Excess Plan. Effective as of the Coverage Date, Corn shall adopt a plan similar to the CPC International Inc. Excess Pension Plan (the "Excess Pension
Excess Plan. The Company will honor the terms of any election properly made by Executive with respect to the form of his benefit distribution under the Company’s non-qualified retirement plan.
Excess Plan. Section 22 of the Separation Agreement is hereby amended by adding the following at the end thereof: