Executive Retirement Plan. For the year of the Executive's Termination of Employment, the Company will make the contribution to the Executive Retirement Plan on behalf of the Executive that it would have made if the Executive had not had a Termination of Employment, but in no event less than the percentage contribution it made for the Executive in the immediately preceding year (and increased to take account of the additional year of service), in each case taking account of the Executive's annualized rate of "Compensation" (as defined in the Executive Retirement Plan) and the percentage of such Compensation that the Executive is contributing to the Executive Retirement Plan, as of the date of Termination of Employment, and the Company's matching contribution rate for such year (or, if greater, the preceding year). The portion of the Company's matching contribution which is based on the preceding year's contribution percentage shall be contributed to the Executive Retirement Plan on behalf of the Executive immediately upon the Executive's Termination of Employment and any additional contribution required shall be paid as soon as the amount is determined.
Executive Retirement Plan. For the year of the Employee's Termination of Employment, the Company will make the contribution to the Executive Retirement Plan on behalf of the Employee that it would have made if the Employee had not had a Termination of Employment, but in no event less than the percentage contribution it made for the Employee in the immediately preceding year (and increased to take account of the additional year of service), in each case taking account of the Employee's annualized rate of "Compensation" (as defined in the Executive Retirement Plan) and the percentage of such Compensation that the Employee is contributing to the Executive Retirement Plan, as of the date of Termination of Employment, and the Company's matching contribution rate for such year (or, if greater, the preceding year). The portion of the Company's matching contribution which is based on the preceding year's contribution percentage shall be contributed to the Executive Retirement Plan on behalf of the Employee immediately upon the Employee's Termination Date and any additional contribution required shall be paid as soon as the amount is determined.
Executive Retirement Plan. For the year of the Executive's Termination of Employment, the Company will make the contribution to its Executive Retirement Plan (the "Retirement Plan") that it would have made if the Executive had not had a Termination of Employment, but in no event less than the percentage contribution it made for the Executive in the immediately preceding year (and increased to take account of the additional year of service), in each case taking account of the Executive's annualized rate of "Compensation" (as defined in the Retirement Plan) and the percentage of such Compensation that the Executive is contributing to the Retirement Plan, as of the date of Termination of Employment, and the Company's matching contribution rate for such year (or, if greater, the preceding year). The portion of the Company's matching contribution which is based on the preceding year's contribution percentage shall be paid to the Executive immediately upon his Termination of Employment and any additional contribution shall be paid as soon as it is determined.
Executive Retirement Plan. You are not entitled to Executive Retirement Plan (“ERP”) benefits as you are not vested under the terms and conditions of the ERP Plan document.
Executive Retirement Plan. The parties agree to work together in good faith to institute a supplemental executive retirement plan providing for post-termination payments to Employee, in an amount to be determined by the Board consistent with applicable law. Such deferred compensation benefits shall be in addition to any retirement benefits under any tax qualified benefit plan of the Bank. During the six-month period immediately following execution of this Agreement, the parties agree to work together in good faith to assess the feasibility of a split-dollar life insurance policy that includes a post-employment benefit for Employee, with the final decision regarding whether to provide such a benefit subject to the discretion of the Bank.
Executive Retirement Plan. BJI will establish an Executive ------------------------- Retirement Plan (the "BJI Executive Retirement Plan") with substantially the same terms and provisions as the Waban Inc. Executive Retirement Plan (the "Waban Executive Retirement Plan"). Waban hereby agrees to transfer to BJI, as of the Distribution Date, by executing instruments and taking such other action as BJI may reasonably require, any interest Waban has in the investment or insurance contracts or other arrangements used to provide benefits to BJI Employees participating under the Waban Executive Retirement Plan, and which are listed on Schedule 2.7A.
Executive Retirement Plan. Your position entitles you to participate in the Interstate Hotels Executive Retirement Plan. Under the current Plan, the annual contribution to your account will equal 8% of your Base Salary earned during each fiscal year plus any discretionary contributions to your Plan account made by the Company. All aspects of the contribution, vesting, distribution, and administration of the Plan will be governed by the terms of the Plan then in effect.
Executive Retirement Plan. The Executive will receive a prorated -------------------------- Annual Retirement Contribution (as defined in the Company's Executive Retirement Plan) solely as provided herein. Such Annual Retirement Contribution shall be based on his compensation from the beginning of the Company's current fiscal year until the Termination Date, multiplied by whatever rate of contribution is approved for other senior executives of the Company participating in said plan during the current fiscal year. Such Annual Retirement Contribution shall be paid to the Executive in the same manner and at the same time as other payments under said Plan.
Executive Retirement Plan. (a) Corporation has established, and Officer participates in, an Amended and Restated Executive Retirement Plan (the "Plan"). Corporation confirms that Officer continues to accrue an increased percentage of his Final Average Earnings (as defined in the Plan), notwithstanding the fact that Officer has exceeded the age of 65 years and shall continue to accrue such increased percentage through the end of calendar year 2003. Officer agrees, that notwithstanding the fact that he shall continue to receive a salary from the Corporation during 2004 pursuant to the terms of the Employment Agreement as amended by this Amendment, he shall no longer continue to receive an increased percentage of earnings for any year after 2003, provided that a Change in Compensation Date has occurred by December 31, 2003. Corporation agrees, provided the Change in Compensation Date has occurred, that Officer may begin to receive his accrued benefits in calendar year 2004, although Officer will continue to receive a salary from Corporation during such year. Corporation agrees to make, prior to December 31, 2002, such amendments to the Plan as are necessary to permit Officer to receive such benefits. However, Officer agrees that such amendments and such eligibility to receive benefits beginning in calendar year 2004 shall not confer upon Officer the right to require in 2004 the establishment of a trust pursuant to any terms of the Plan providing for such a trust.
Executive Retirement Plan. Executive shall become a participant in the Executive Retirement Plan of The Company, effective immediately.
