Executive Deferral Plan. Executive shall be entitled to participate in the Company's "Executive Deferral Plan", and any replacement plan or arrangement, all to the extent maintained or instituted by the Company, and covering its principal executive officers, at a level commensurate with his position.
Executive Deferral Plan. During the Salary Continuation Period, Xxxxxx may continue, at his election, to remain a participant in the Company's Executive Salary Deferral Plan. If Xxxxxx elects not to continue as a plan participant during the Salary Continuation Period, the distribution of benefits will begin at the time of such election; otherwise, the distribution of benefits will commence after August 1, 2002 in accordance the payment options permitted by the Plan as they may exist at such time.
Executive Deferral Plan. Executive Deferral Plan" means the Airborne Executive Deferral Plan.
Executive Deferral Plan. The AMR Corporation 1987 Executive Deferral Plan, as amended.
Executive Deferral Plan. The provisions of this Section 2(d) shall apply notwithstanding any provisions of the Company's Executive Deferral Plan (the "Deferral Plan") or the initial paragraph of Section 2 hereof to the contrary. If Executive experiences a Termination of employment with Equistar then, notwithstanding any other provision of this Agreement, the full amount of contributions and earnings accrued or credited to Executive's account balances under the Deferral Plan (as of the date immediately preceding the Termination) shall be immediately distributed to Executive in a cash lump-sum payment. Upon distribution of his accounts, Executive shall be entitled to an Income Tax Gross-up on the full amount of contributions plus earnings accrued or credited to Executive's account in the Company's Deferral Plan as of September 1, 1996, which amount is $697,997.40. The Income Tax Gross-up shall be equal to 66% of the amount necessary so that after payment of any federal, state and local income or employment tax by Executive on the distribution of that amount under the Company's Deferral Plan and the Income Tax Gross-up, the net amount Executive retains shall be the full amount accrued to his account balance under the Company's Deferral Plan as of September 1, 1996. For purposes of determining the amount of the Income Tax Gross-up, Executive shall be deemed (i) to pay federal income taxes at the highest stated rate of federal income taxation (including surtaxes, if any) for the calendar year in which the Income Tax Gross-up is to be made and (ii) to pay any applicable state and local income taxes at the highest stated rate of taxation (including surtaxes, if any) for the calendar year in which the Income Tax Gross-up is to be made. Any Income Tax Gross-up required hereunder shall be paid by the Company to the Executive at the same time that any payment made under the Deferral Plans which is subject to income tax is paid or deemed received by Executive.
Executive Deferral Plan. The Restricted Stock is granted under the provisions of the Xxxxxxx & Xxxx Financial, Inc. 1998 Executive Deferred Stock Award Plan (the “Plan”), and is subject to the terms and conditions set forth in this Restricted Stock Award Agreement (the “Agreement”) and not inconsistent with the Plan. Capitalized terms used but not defined herein shall have the meaning given them in the Plan, which is incorporated by reference herein.
Executive Deferral Plan. As of the Effective Date, Clineburg shall become 100% vested in all current matching contributions and shall be immediately fully vested in all future matching contributions made by the Company to the Cardinal Financial Corporation Executive Deferred Income Plan or any successor plan.
Executive Deferral Plan. The provisions of this Section 3(e) shall ----------------------- apply notwithstanding any provisions of the Company's Executive Deferral Plan (the "Deferral Plan") or the initial paragraph of Section 3 hereof to the contrary. In the event that (i) there is a "Termination or Adverse Amendment" (as defined below) of the Deferral Plan within two years following a Change in Control and (ii) a Termination within the meaning of this Agreement has not occurred with respect to Executive, then, notwithstanding any other provision of this Agreement, the full amount of contributions and earnings accrued or credited to Executive's account balance under the Deferral Plan (as of the date immediately preceding the Termination or Adverse Amendment) shall be immediately distributed to Executive in a cash lump-sum payment. If applicable, the Company also shall pay Executive in a cash lump-sum payment an additional amount equal to the "Income Tax Gross-up" (as defined below). In the event that Executive as of his Termination date is not eligible to receive an "Immediate Retirement Benefit" (as defined below), then the full amount of contributions and earnings accrued or credited to Executive's account balance under the Deferral Plan (as of the date immediately preceding his Termination) shall be immediately distributed to Executive in a cash lump-sum payment. If applicable, the Company also shall pay Executive in a cash lump-sum payment an additional amount equal to the Income Tax Gross-up, without regard to whether or not there has been a Termination or Adverse Amendment. In the event that (i) there is a Termination or Adverse Amendment of the Deferral Plan following a Change in Control and (ii) Executive as of his Termination date is either eligible to receive an Immediate Retirement Benefit or elects (or has elected) to commence an Immediate Retirement Benefit, then the full amount of contributions and earnings accrued or credited to Executive's account balance under the Deferral Plan (as of the date immediately preceding the Termination or Adverse Amendment) shall be immediately distributed to Executive in a cash lump-sum payment. If applicable, the Company also shall pay Executive in a cash lump-sum payment an additional amount equal to the Income Tax Gross-up.
Executive Deferral Plan. The provisions of this Section 2(d) shall apply notwithstanding any provisions of the Company's Executive Deferral Plan (the "Deferral Plan") or the initial paragraph of Section 2 hereof to the contrary. If the Executive experiences a Termination of employment with Equistar within two years of Executive's employment by Equistar, then, notwithstanding any other provision of this Agreement, the full amount of contributions and earnings accrued or credited to Executive's account balance under the Deferral Plan (as of the date immediately preceding the Termination) shall be immediately distributed to Executive in a cash lump-sum payment.
Executive Deferral Plan. Employee was a participant in the Company’s Executive Deferral Plan. As of the Separation Date, Employee will not be an eligible employee or active participant in the Company’s Executive Deferral Plan. Employee will be entitled to any vested benefits which he may have under the Executive Deferral Plan as of the Separation Date pursuant to the terms of the Executive Deferral Plan. Exhibit B summarizes Employee’s vested deferral benefits and elections.
