Non Qualified Plans. Non-Qualified Plans" means the Company's Supplemental Retirement Plan in existence as of the date hereof, and any other unfunded, non-qualified, deferred compensation, incentive compensation or retirement plan adopted by the Company subsequent to the date hereof, and/or any successor plan or plans.
Non Qualified Plans. (a) Effective as of the Distribution Date, Xxxxxx shall have in effect the Xxxxxx BEP-SIP and the Zimmer BEP-RIP which shall provide benefits to Active Zimmer Employees who are participating in the Xxxxxxx-Xxxxx Squibb BEP-SIP and the Xxxxxxx-Xxxxx Squibb BEP-RIP prior to the Distribution Date. Xxxxxxx-Xxxxx Squibb shall retain responsibility for all benefits accrued prior to the Distribution Date by Active and Former Zimmer Employees under (i) the Xxxxxxx-Xxxxx Squibb BEP-RIP and (ii) the Xxxxxxx-Xxxxx Squibb Key International Pension Plan.
(b) The Xxxxxx BEP-SIP shall provide those Active Zimmer Employees who are participating before the Distribution Date in the Xxxxxxx-Xxxxx Squibb BEP-SIP with account balances under the Zimmer BEP-SIP equal to the account balances of the Active Zimmer Employees under the Xxxxxxx-Xxxxx Squibb BEP-SIP as of the Distribution Date. Active Zimmer Employees shall receive credit for service with the Xxxxxxx-Xxxxx Squibb Group and the Xxxxxx Group prior to the Distribution Date for all purposes under the Zimmer BEP-SIP, including for purposes of eligibility, vesting and benefit accrual, to the extent that the Xxxxxxx-Xxxxx Squibb BEP-SIP gives employees credit for such service. All Active Zimmer Employees shall have a fully vested interest in their accounts under the Xxxxxxx-Xxxxx Squibb BEP-SIP that are transferred to the Zimmer BEP-SIP as of the Distribution Date. Zimmer shall assume and be responsible for paying all benefits accrued by Active Zimmer Employees under the Xxxxxxx-Xxxxx Squibb BEP-SIP before, on and after the Distribution Date.
(c) Xxxxxxx-Xxxxx Squibb will provide early retirement subsidies under the Xxxxxxx-Xxxxx Squibb BEP-RIP to the following categories of Active Zimmer Employees as of the Distribution Date: (i) Active Zimmer Employees who have attained age 55 and have at least 10 years of service (as defined in the Xxxxxxx-Xxxxx Squibb Retirement Income Plan) with the Xxxxxxx-Xxxxx Squibb Group and the Xxxxxx Group as of the day before the Distribution Date; (ii) Active Zimmer Employees who are age 50-54 and have at least 10 years of service (as defined in the Xxxxxxx-Xxxxx Squibb Retirement Income Plan) with the Xxxxxxx-Xxxxx Squibb Group and the Xxxxxx Group as of the day before the Distribution Date; and (iii) Active Zimmer Employees whose age, plus years of service measured in years, months and days of completed service with the Xxxxxxx-Xxxxx Squibb Group and the Xxxxxx Group, equals at least 70 as of ...
Non Qualified Plans. “Non-Qualified Plans” when immediately preceded by “ BMS,” means the BMS BEP-RIP, the BMS BEP-SIP, the BMS Deferred Compensation Plan, and any other deferred compensation or excess benefit plan, program or arrangement maintained by BMS for the benefit of employees and retirees of the BMS Group. When immediately preceded by “Xxxx Xxxxxxx,” “Non-Qualified Plan” means the excess benefit plans, programs, or arrangements to be established by Xxxx Xxxxxxx pursuant to Section 2.2 to assume the Liabilities of Xxxx Xxxxxxx Transferred Employees that were accrued under the applicable BMS Non-Qualified Plan prior to the Separation Date in accordance with Article VII.
Non Qualified Plans. Following the Effective Date, Communications Employees who are eligible shall continue to participate in Willxxxx Xxxplemental Retirement Plan (the "Willxxxx Xxxtoration Plan") through December 31, 2000. As soon as practicable following the Effective Date, and in any event no later than January 1, 2000, Communications shall establish a benefit restoration plan (the "Communications Restoration Plan") relating to the Willxxxx Xxxsion Plan for the benefit of the Communications Employees who were, immediately prior to January 1, 2000, participating in the Willxxxx Xxxtoration Plan or who become eligible for participation in the Communications Restoration Plan on or after January 1, 2000. As of the Effective Date, Communications shall assume and be solely responsible for the liabilities and obligations relating to the Communications Employees arising under the Willxxxx Xxxtoration Plan.
Non Qualified Plans. Non-Qualified Plans," when immediately preceded by "Southern," means the Southern Supplemental Benefit Plan, the Southern SERP and the Southern Deferred Compensation Plan. When immediately preceded by "Southern Energy," "Non-Qualified Plans" means the deferred compensation, supplemental executive retirement and supplemental benefit plans, programs, or arrangements established or to be established by Southern Energy pursuant to Section 2.02 and Article V.
Non Qualified Plans. Non-Qualified Plans" when immediately preceded ------------------- by "HP," means the HP Excess Benefit Plan, the HP Executive Deferred Compensation Plan, and the HP Officers Early Retirement Plan. When immediately preceded by "Agilent," "Non-Qualified Plan" means the deferred compensation and excess benefit plans, programs, or arrangements to be established by Agilent pursuant to Section 2.2 and Article V.
Non Qualified Plans. 8 1.66 Non-U.S. Plan................................................... 8 1.67 Option.......................................................... 9 1.68 Outsource....................................................... 9 1.69
Non Qualified Plans. The Executive will participate in the Company’s Non-Qualified Pension Plan (the “Non-Qualified Plan”) and Non-Qualified CRISP Plan (“Non-Qualified CRISP Plan”). For purposes of the Non-Qualified Plan, except as set forth below, years of service for purposes of calculating benefits will be credited at a three-for-one rate until Executive has service credit of thirty years, and Executive’s benefits thereunder shall be determined using the prior benefit formula as in effect under the qualified pension plan during 2004 (described as Option (A) in the Company’s August 2008 Proxy Statement). Notwithstanding the foregoing, (x) in the event of voluntary termination or retirement prior to attainment of age 60, a crediting rate of two-for-one shall apply in lieu of the three-for-one rate, and (y) the Board must approve a voluntary termination or retirement before November 7, 2010 and, in the event of such termination or retirement without approval by the Board, the Executive will not be entitled to any benefits under the Non-Qualified Plan or the Non-Qualified CRISP Plan. In the event of termination for “Cause”, the Executive will not be entitled to any benefits under the Non-Qualified Plan or the Non-Qualified CRISP Plan.
Non Qualified Plans. Executive shall be entitled to participate in all Pension Plans sponsored by the Company that are not Qualified Plans (each, a "Non-Qualified Plan") to the extent and on such terms as made available to top executives of the Company and with such participation to start as of November 4, 2003.
Non Qualified Plans. 7 Section 3.1 Deferred Compensation Plan..........................................................7 Section 3.2 SERP................................................................................7
