Common use of SERP Clause in Contracts

SERP. Invacare shall pay to the Executive, within 60 days after the Termination Date, a lump sum amount equal to the sum of the contributions and credited interest which were scheduled to be added to Executive’s account under the Invacare Cash Balance Supplemental Executive Retirement Plan (or related successor plan or plans), during the three year period immediately following the Termination Date (including prorated amounts, as applicable), if Executive had continued in the employ of Invacare through the third anniversary of the Termination Date, all as reflected on the attachment to the participation agreement executed by the Executive in connection with such plan

Appears in 3 contracts

Samples: Agreement (Invacare Corp), Agreement (Invacare Corp), Agreement (Invacare Corp)

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SERP. Invacare shall pay to the Executive, within 60 days after the Termination Date, a lump sum amount equal to the sum of the contributions and credited interest which were scheduled to be added to Executive’s account under the Invacare Cash Balance Supplemental Executive Retirement Plan (or related successor plan or plans), during the three year period immediately following the Termination Date (including prorated amounts, as applicable), if Executive had continued in the employ of Invacare through the third anniversary of the Termination Date, all as reflected on the attachment to the participation agreement executed by the Executive in connection with such plan.

Appears in 1 contract

Samples: Agreement (Invacare Corp)

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SERP. Invacare shall pay to the Executive, within 60 days after the Termination Date, a lump sum amount equal to the sum of the contributions and credited interest which that were scheduled to be added to the Executive’s account under the Invacare Cash Balance Supplemental Executive Retirement Plan (or related successor plan or plans), during the three two year period immediately following the Termination Date (including prorated amounts, as applicable), if the Executive had continued in the employ of Invacare or its Affiliates through the third second anniversary of the Termination Date, all as reflected on the attachment to the participation agreement executed by the Executive in connection with such planplan or as Invacare or its Affiliates has otherwise memorialized as to the Executive’s benefits upon the date of the Change of Control or the Effective Date, as applicable.

Appears in 1 contract

Samples: Change of Control Severance Agreement (INVACARE HOLDINGS Corp)

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