Common use of Retirement Benefit Plans Clause in Contracts

Retirement Benefit Plans. The Corporation shall cause the Executive to become fully vested in any qualified and non-qualified plans, programs or arrangements in which the Executive participated if the plan, program, or arrangement does not address the effect of a change in control. The Corporation also shall contribute or cause a Subsidiary to contribute to any account of the Executive under a 401(k) plan, retirement plan, or profit-sharing plan the matching and voluntary contributions, if any, that would have been made had the Executive's employment not terminated before the end of the plan year.

Appears in 5 contracts

Samples: Severance Agreement (Citizens South Banking Corp), Severance Agreement (Citizens South Banking Corp), Severance Agreement (Citizens South Banking Corp)

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