Executive Retirement Plan. For the year of the Executive's Termination of Employment, the Company will make the contribution to the 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 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 contributed to the 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. This Amendment No. 1 to Supplemental Executive Retirement Plan is made and entered into as of the 9th day of December, 2011, by and between Xerium Technologies, Inc. (the “Company”) and Xxxxxxx X. Light (the “Executive”).
Executive Retirement Plan. As of February 1, 2004, Dxxxxxxx will be eligible to receive a lump sum benefit pursuant to the Txxxxx & Bxxxx Corporation Executive Retirement Plan (the “ERP”). As approved by the Board of Directors on September 4, 2002 and October 30, 2003 respectively, Dxxxxxxx shall receive an additional six years of credited service and, in accordance with Section 1.11 of the ERP, up to six years of additional age. In determining any Actuarial Equivalent under the ERP, the “PBGC Interest Rate,” as otherwise defined in the ERP, shall be no greater than the lowest actual PBGC Interest Rate in effect during the 2003 calendar year. This payment shall be made on February 6, 2004.
Executive Retirement Plan. Pursuant to Section 1.11 of the T&B Executive Retirement Plan, Xxxxxxxx shall be granted such additional months of age to be treated as having retired at age 60, so that he will become entitled as of the Retirement Date to benefits attributable to a retirement age of 60 years.
