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Common use of SERP Clause in Contracts

SERP. As of the Covered Termination Date, a fully vested and non-forfeitable interest in Executive’s account balance in SERP, payable in accordance with the terms of SERP.

Appears in 10 contracts

Samples: Change in Control Agreement (Babcock & Wilcox Co), Change in Control Agreement (Babcock & Wilcox Co), Change in Control Agreement (Babcock & Wilcox Co)

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SERP. As of the effective date of the Covered Termination DateTermination, a fully vested and non-forfeitable interest in Executive’s account balance in SERPthe SERP and Restoration Plan (as applicable), payable in accordance with the terms of SERPSERP and/or Restoration Plan, as applicable.

Appears in 8 contracts

Samples: Change in Control Agreement, Change in Control Severance Agreement (Babcock & Wilcox Enterprises, Inc.), Change in Control Severance Agreement (Babcock & Wilcox Enterprises, Inc.)

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SERP. As of the Covered Termination Date, a fully vested and non-forfeitable interest in Executive’s account balance in the SERP, payable in accordance with the terms of the SERP.

Appears in 3 contracts

Samples: Change in Control Agreement (McDermott International Inc), Change in Control Agreement (McDermott International Inc), Change in Control Agreement (McDermott International Inc)