Nonqualified Plan. The Executive agrees that the Company may amend its nonqualified deferred compensation plan to exclude the Executive from receiving benefits based upon any deferral matching credit or formula.
Nonqualified Plan. Effective as of June 1, 2000, Coach adopted the Coach Deferred Compensation Plan.
Nonqualified Plan. If Recipient was eligible to elect and did in fact elect on or prior to December 31, 2023 , to defer the receipt of PSUs which Recipient is being granted under the Plan in 2024, then, pursuant to the Nonqualified Plan, a notional tracking of the value of the PSUs and any returns thereon will be maintained by the Nonqualified Plan pursuant to its terms. This amount, as adjusted by any appreciation or deprecation, will be paid to a participant in the future. Deferrals pursuant to a nonqualified plan are, as with certain other amounts owed by the Company to a Recipient, unsecured obligations of the Company and therefore subject to claims of creditors. 7.
Nonqualified Plan. Nonqualified Plan" means a plan that does not satisfy the requirements of Section 401(a) of the Code and is intended to provide supplemental retirement benefits to a select group of management or highly compensated employees.
Nonqualified Plan. (i) As of the Closing Date, Purchaser will establish a nonqualified plan or create a separate structure within its existing nonqualified plan (such new plan or separate structure, the "Purchaser SERP") and will establish a rabbi trust or a separate structure within its existing rabbi trust to fund Purchaser's obligations to pay benefits under the Purchaser SERP (such trust or separate structure, the "Purchaser SERP Trust").
(ii) (1) The Purchaser SERP will be the same in all material respects as Seller's Lockheed Xxxxxx Corporation Deferred Management Incentive Compensation Plan as in effect immediately before the Closing Date (the "Seller SERP"). The Purchaser SERP Trust will satisfy the requirements of IRS Revenue Procedure 92-64.
Nonqualified Plan. CEO shall be included as a participant in the “FCStone Nonqualified Supplemental Defined Benefit Plan.”
Nonqualified Plan. A retirement plan which does not qualify for favorable tax treatment under Section [401, 403, 408, 408A or 457] of the Internal Revenue Code, as amended. NURSING HOME. A facility located in the United States or its territories; operates pursuant to law in the jurisdiction in which it is located; provides custodial care under the supervision of a registered nurse (R.N.) or a Physician; and, does not include any place owned or operated by a member of the Beneficiary's, Annuitant's or Joint Annuitant's, Owner's or Joint Owner's Immediate Family. OWNER ("YOU," "YOUR"). The person or entity shown on the Contract Data Page who is entitled to exercise all rights and privileges under this Contract. Usually, but not always, the Owner is the Annuitant. If Joint Owners are named, all references to Owner shall mean Joint Owner.
Nonqualified Plan. It is intended that the Plan shall at all times be maintained on an unfunded basis for federal income tax purposes under the Internal Revenue Code of 1986, as amended and administered as a “top hat” plan exempt from the substantive requirements of the Employee Retirement Income Security Act of 1974, as amended.
Nonqualified Plan. Any net income not so distributed shall be accumulated and periodically added to the principal of such Trust Account. The Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of benefits pursuant to the terms of the Nonqualified Plan and shall pay amounts withheld to the appropriate taxing authorities or determine that such amounts have been reported, withheld and paid by Company.
Nonqualified Plan. Spalding and Evenflo Supplemental Retirement Plan.
(a) As soon as practicable after the Closing Date, Evenflo shall establish a supplemental defined benefit plan (the "Evenflo SRP") providing benefits that are substantially similar to those provided under the Spalding & Evenflo Supplemental Retirement Plan (the "Holdings SRP") for future service and identical for past service for the benefit of Employees who are participants or beneficiaries under the Holdings SRP. Accruals of benefits under the Evenflo SRP shall commence as of the Closing Date.
(b) As soon as practicable after the Closing Date, Holdings shall cause the Trustee of the Holdings SRP to transfer to the trust forming a part of Evenflo SRP cash and/or securities acceptable to Evenflo in an amount equal to the assets allocated to Employees as of the Closing Date using the methodology presented in Table B of a May 4, 1998 letter from Watsxx Xxxxx xx Stepxxx X. Xxxer providing the Holdings SRP asset allocation. Such amount shall be adjusted for investment earnings and losses at the same rate as the actual investment return and losses of the Holdings Trust for the period between the Closing Date and the date on which assets are transferred from the Holdings Trust to a trust established by Evenflo to fund the Evenflo SRP. Such amount shall be decreased by (i) the benefit payments to the participants and beneficiaries under Holdings SERA during the period from the Closing Date to the asset transfer date and (ii) expenses approved by Evenflo.
