SERP Enhancement Sample Clauses

SERP Enhancement. As additional consideration for your commitments as outlined above, your minimum benefit under the AmSouth Bancorporation Supplemental Retirement Plan shall equal the Enhanced Benefit you would have been eligible to receive under Section 3.01 of the Plan if you had terminated employment under the Prior Agreement on November 4, 2008. In addition, your interest in the Enhanced Benefit will be fully vested regardless of the age at which you retire.
Sample 1
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SERP Enhancement. In addition to the payments and benefits set forth in Section 5(b) above, the Company shall pay, or cause to be paid, to Executive an amount equal to the excess, if any, of (A) the actuarial equivalent of the benefit under the Company’s Supplemental Executive Retirement Plan that Executive would receive under the terms of that plan as in effect on the Change in Control if Executive’s age (but not his years of service) were increased by the number of years equal to his Severance Multiple, over (B) the actuarial equivalent of Executive’s actual benefit under the Supplemental Executive Retirement Plan as of the Date of Termination (the “SERP Enhancement”), which amount shall be payable within 20 calendar days after the Release described in Section 6 becomes effective and irrevocable in accordance with its terms. In calculating the SERP Enhancement, the Company shall use actuarial assumptions no less favorable to the Covered Executive than the most favorable of those in effect under the Company’s qualified defined benefit plan applicable to Executive at any time from the day immediately prior to the Change in Control.
Sample 1
SERP Enhancement. In recognition of the Company’s agreement in 2009 to provide you with two (2) additional years of service credit under the SERP, you will also receive an additional lump sum cash payment equal to the difference between the actual benefit you are eligible to receive under the terms of the SERP plan, and a hypothetical benefit calculated as though you had an additional two (2) years of service credit on your Termination Date. Because this payment is not provided for under the terms of the SERP plan, it is not eligible for deferral to your DCP account, and will be made to you in a lump sum, less applicable withholdings, within 15 days of your Release Date; provided, however, if the Company should determine that this payment would constitute deferred compensation under Code §409A, then this payment will be made no earlier than the first day of the seventh calendar month after the calendar month in which your Date of Termination occurs, or the earliest time permitted that will not trigger a tax or penalty under Code §409A.
Sample 1
SERP Enhancement. During the Employment Term, the Executive shall continue to accrue benefits under The Neiman Marcus Group, Inc. Supplemental Executive Retirement Plan (the "SERP"), provided that (i) the SERP shall not be amended or terminated in any way that adversely affects the Executive, and (ii) after the Executive has reached the 25-year maximum set forth in the SERP, she shall be entitled to an additional one year of credit for each full year of service thereafter. In addition, if (i) during the Employment Term, the Executive's employment is terminated by NMG for any reason other than death, Disability, or Cause, (ii)during the Employment Term, the Executive's employment is terminated by the Executive for Good Reason, or (iii) the Executive's employment terminates upon expiration of the Employment Term following the provision by NMG of a Notice of Non-Renewal, and, in any such case, on the date of such termination the Executive has not yet reached age 65, the Executive's SERP benefit shall not be reduced according to the terms of the SERP solely by reason of the Executive's failure to reach age 65 as of the Employment Termination Date.
Sample 1
SERP Enhancement. The Company shall pay, or cause to be paid, to Executive an amount equal to the excess, if any, of (A) the actuarial equivalent of the benefit under the Company’s Supplemental Executive Retirement Plan that Executive would receive under the terms of that plan as in effect on the Closing Date if Executive’s age (but not his years of service) were increased by the number of years equal to his Severance Multiple, over (B) the actuarial equivalent of Executive’s actual benefit under the Supplemental Executive Retirement Plan as of the Date of Termination, which amount shall be payable within 20 calendar days after the Release described in Section 6 becomes effective and irrevocable in accordance with its terms.
Sample 1
SERP Enhancement. At the time of the Executive’s termination of employment with NMG and all of its Affiliates, the Executive’s years of service for purposes of calculating his benefit under The Neiman Marcus Group, Inc. Supplemental Executive Retirement Plan (the “SERP”) shall be determined by multiplying his actual service for purposes of the SERP by 2, subject to the 25-year maximum set forth in the SERP, and by then providing the Executive with an additional credit for each year of service by the Executive to NMG following his attainment of age sixty-five (65) (disregarding the 25-year maximum set forth in the SERP). During the Employment Term, the SERP shall not be terminated or amended in any way that adversely affects the Executive without the consent of the Executive. 9. Paragraph 7(a) of the Employment Agreement is hereby amended and restated in its entirety as follows:
Sample 1
SERP Enhancement. Provided that (i) Executive is a participant in the Central Vermont Public Service Corporation Officers’ Supplemental Retirement and Deferred Compensation Plan, as amended and restated effective January 1, 2008 (the “SERP’) and otherwise entitled to a benefit thereunder, and (ii) Executive fulfills his or her obligations and responsibilities and satisfies the conditions set forth in Sections 9 and 10 of this Agreement, Executive benefit under the SERP shall be recalculated to be the greater of the amount described in paragraph (x) or (y) below: (x) The benefit provided for in Section 3.1(a) of the SERP with such benefit being determined for purposes of Section 3.1(a)(i) of the SERP as if the Participant had earned [2 to 3] additional years of benefit accruals under the Pension Plan of Central Vermont Public Service Corporation and Its Subsidiaries, as in effect from time to time (the “Basic Plan”) and assuming Executive’s compensation under the Basic Plan for such [2 to 3]-year period is equal to Executive’s compensation for the Plan Year immediately preceding the Plan Year in which the Change in Control occurs.
Sample 1
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SERP Enhancement. At the time of the Executive’s termination of employment with NMG and all of its Affiliates, the Executive’s years of service for purposes of calculating his benefit under The Neiman Marcus Group, Inc. Supplemental Executive Retirement Plan (or any successor plan) (the “SERP”) shall be determined by multiplying his actual service for purposes of the SERP by 2, subject to the 25-year maximum set forth in the SERP.
Sample 1

Related to SERP Enhancement

  • Additional Benefits/Card Enhancements The Credit Union may from time to time offer additional services to your account, such as travel accident insurance, at no additional cost to you. You understand that the Credit Union is not obligated to offer such services and may withdraw or change them at any time.

  • System Enhancements State Street will provide to the Fund any enhancements to the System developed by State Street and made a part of the System; provided that State Street offer the Fund reasonable training on the enhancement. Charges for system enhancements shall be as provided in the Fee Schedule. State Street retains the right to charge for related systems or products that may be developed and separately made available for use other than through the System.

  • Credit Enhancement 55 SECTION 12.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation is payable as follows.

  • SERP Executive is a participant in the BB&T Corporation Non-Qualified Defined Benefit Plan (the “SERP”). The SERP was formerly known as the Branch Banking and Trust Company Supplemental Executive Retirement Plan. The SERP is a non-qualified, unfunded supplemental retirement plan which provides benefits to or on behalf of selected key management employees. The benefits provided under the SERP supplement the retirement and survivor benefits payable from the Pension Plan. Except in the event the employment of Executive is terminated by the Employer or BB&T for Just Cause and except in the event Executive terminates Executive’s employment for any reason other than Good Reason and such termination does not occur within twelve (12) months after a Change of Control (or, if later, within ninety (90) days after a MOE Revocation), the following special provisions shall apply for purposes of this Agreement: (i) The provisions of the SERP shall be and hereby are incorporated in this Agreement. The SERP, as applied to Executive, may not be terminated, modified or amended without the express written consent of Executive. Thus, any amendment or modification to the SERP or the termination of the SERP shall be ineffective as to Executive unless Executive consents in writing to such termination, modification or amendment. The Supplemental Pension Benefit (as defined in the SERP) of Executive shall not be adversely affected because of any modification, amendment or termination of the SERP. In the event of any conflict between the terms of this Section 1.7.7(i) and the SERP, the provisions of this Section 1.7.7 (i) shall prevail. Executive hereby agrees and consents to Employer’s amendment of the SERP to comply with Section 409A.

  • Enhancements No Enhancement shall be provided in respect of any Series of Notes, nor will any Enhancement Provider have any rights hereunder, as third-party beneficiary or otherwise, unless the Servicer has provided its prior written consent to such Enhancement, such consent not to be unreasonably withheld.

  • Maintenance Plan Maintenance plan for the Project Facility for the next quarter and a report on maintenance carried out during the previous quarter (including any material deviation from expected maintenance activities as set out in the maintenance plan).

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.

  • Insurance Plan 19.01 The Employer agrees to contribute the indicated percentage of the premium cost of the following group plans for full-time employees (and their families where applicable) who have completed their probationary period.

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