PENSION EQUALIZATION PLAN Sample Clauses

PENSION EQUALIZATION PLAN. During the Protection Period, the Company shall continue to provide to Employee (if Employee was a participant prior to the Change in Control) coverage and participation under the Pension Equalization Plan or a substantially similar supplemental retirement plan, but in no event on a basis less favorable in terms of benefit levels and coverage than the Pension Equalization Plan.

PENSION EQUALIZATION PLAN. During the Employment Term, the Company shall continue to provide to Key Employee (if Key Employee was a participant prior to the Change in Control) coverage and participation under the Pension Equalization Plan or a substantially similar supplemental retirement plan, but in no event on a basis less favorable in terms of benefit levels and coverage than the Pension Equalization Plan.

PENSION EQUALIZATION PLAN. Executive will be eligible to participate in the Pension Equalization Plan of Entergy Corporation and Subsidiaries ("PEP") under the terms and conditions of the PEP, including, but not limited to, the participation eligibility provisions thereunder. Solely for purposes of calculating the amount of Executive's PEP benefit, an additional 13 years of Benefit Service will be added to Executive's actual Entergy System service. However, in accordance with the terms of the PEP, the resulting benefit amount will be offset by any qualified retirement benefits payable to Executive by the Entergy System and by Executive's former employer(s). The added Benefit Service is contingent upon Executive's execution of a Participant Application under the PEP, which document will be finalized once Executive provides detailed information concerning his former employer(s) and the amounts of all accrued qualified retirement benefits available from such employer(s).