Qualified Pension Plan. CBI shall pay Executive, in a lump sum within sixty (60) days of the Date of Termination, an amount equal to the difference, if any, between the present value of Executive’s accrued benefit, whether or not vested, as of the Date of Termination under the Qualified Pension Plan, and the present value of the vested portion of such accrued benefit, with such difference to be calculated, to the extent relevant, using the actuarial assumptions and interest rates specified in the Qualified Pension Plan. The vested portion of such accrued benefit, if any, shall be paid in accordance with the provisions of the Qualified Pension Plan.
Appears in 8 contracts
Samples: Employment Agreement (Dr Pepper Snapple Group, Inc.), Employment Agreement (Dr Pepper Snapple Group, Inc.), Employment Agreement (Dr Pepper Snapple Group, Inc.)
Qualified Pension Plan. CBI shall pay Executive, in a lump sum within sixty (60) days of the Date of Termination, an amount equal to the difference, if any, between the present value of Executive’s 's accrued benefit, 12 whether or not vested, as of the Date of Termination under the Qualified Pension Plan, and the present value of the vested portion of such accrued benefit, with such difference to be calculated, to the extent relevant, using the actuarial assumptions and interest rates specified in the Qualified Pension Plan. The vested portion of such accrued benefit, if any, shall be paid in accordance with the provisions of the Qualified Pension Plan.
Appears in 1 contract
Samples: Employment Agreement (Dr Pepper Snapple Group, Inc.)
Qualified Pension Plan. CBI shall pay Executive, in a lump sum within sixty (60) days of the Date of Termination, an amount equal to the difference, if any, between the present value of Executive’s 's accrued benefit, CBI BB2 (rev. 9-14-07) 12 whether or not vested, as of the Date of Termination under the Qualified Pension Plan, and the present value of the vested portion of such accrued benefit, with such difference to be calculated, to the extent relevant, using the actuarial assumptions and interest rates specified in the Qualified Pension Plan. The vested portion of such accrued benefit, if any, shall be paid in accordance with the provisions of the Qualified Pension Plan.
Appears in 1 contract
Samples: Employment Agreement (Dr Pepper Snapple Group, Inc.)
