Common use of SERP Rights Clause in Contracts

SERP Rights. As of the effective date of a Change in Control, subject to the limitations of and compliance with Section 409A, Executive will become fully vested in the Deferred Compensation Account in the Supplemental Employee Retirement Plan and, without regard to Executive’s payment elections previously made under that plan, will receive all benefit amounts under that plan in a single, lump-sum cash payment as soon as practicable within sixty (60) days following the Change in Control.

SERP Rights. As of the effective date of a Change in ControlTermination Date, subject to the limitations of and compliance with Section 409A, Executive will become fully vested in the Deferred Compensation Account in the Supplemental Employee Retirement Plan and, without regard to Executive’s payment elections previously made under that plan, will receive all benefit amounts under that plan in a single, lump-sum cash payment as soon as practicable within sixty (60) days following the Change in ControlTermination Date.