Pension Credited Service. Hours calculated as hours worked. For pension purposes, one (1) hour worked by a weekend worker will be counted as one & two-thirds (1 2/3) straight hours.
Pension Credited Service. If Executive’s employment is terminated by Employer Without Cause or Executive terminates his employment for Good Reason, Employer shall provide Executive as of the Date of Termination with service credit for purposes of determining the amount of Executive’s benefit under the Remington Supplemental Pension Plan (the “SERP”) as though Executive had continued in the employ of Employer through the end of the Severance Period. Executive shall make such elections as to the timing of the payment of his benefit attributable to the additional service credit granted pursuant to this Section 7(h) at the time and in the manner specified by Section 409A (as defined in Section 19). To the extent that any benefit which would be payable under the SERP in respect of such additional service credit cannot be paid under the terms of the SERP, Employer shall cause such benefit to be paid under another plan or shall pay any amounts otherwise owing from its general assets. Additionally, average final pay for determining the amount of any pension benefit payable to Executive under Employer’s applicable defined benefit pension plans shall not be affected by any payments made to Executive during such Severance Period.
Pension Credited Service. If Employer has provided Executive Notice of Termination without Cause or Executive terminates his employment for Good Reason, Employer shall provide Executive with service credit for determining the amount of any pension benefit payable to Executive under Employer's applicable defined benefit pension plans as though Executive had continued in the employ of Employer through the end of the Term specified in Section 1 of Attachment A hereto. To the extent that any benefit which would be payable under any such plan in respect of such deemed service can not be paid under the terms of such plan (the "Precluded Plan"), Employer shall cause such benefit to be paid under another plan or shall pay any amounts otherwise owing from its general assets, at the same time and under the same circumstances and conditions as such amounts would have been payable under the Precluded Plan.
Pension Credited Service. If Employer has provided Executive Notice of Termination without Cause or Executive terminates his employment for Good Reason, Employer shall provide Executive with service credit for determining the amount of any pension benefit payable to Executive under Employer's applicable defined benefit pension plans as though Executive had continued in the employ of Employer through the end of the Severance Term specified in Section 4 of Attachment A hereto. To the extent that any benefit which would be payable under any such plan in respect of such deemed service can not be paid under the terms of such plan (the "Precluded Plan"), Employer shall cause such benefit to be paid under another plan or shall pay any amounts otherwise owing from its general assets, at the same time and under the same circumstances and conditions as such amounts would have been payable under the Precluded Plan. Additionally, average final pay for determining the amount of any pension benefit payable to Executive under Employer's applicable defined benefit pension plans shall not be affected by any payments made to Executive during such Severance Term.] [For Messrs. Little and Xxxxxxx only]
