Common use of Special Retirement Benefits Clause in Contracts

Special Retirement Benefits. If Dorman's employment with xxx Xxxporations shall be terminated either by Dorman pursuant to the pxxxxxxons of Section 4.1C or by the Corporations or either of them without "cause", Dorman shall be entitled xx xxceive "Special Retirement Benefits" from the Corporations so that the total retirement benefits Dorman receives from the Xxxxxrations will approximate the total retirement benefits Dorman would have receivxx xxxer all qualified retirement plans (which shall not include severance plans) of the Corporations in which Dorman participates were Xxxxxn fully vested undex xxxx qualified retirement plans as if Dorman had continued in xxx xxploy of the Corporations for at least sixty (60) consecutive months in the absence of early termination or until his retirement. The benefits specified in this Section 6.2 will include all ancillary benefits, such as early retirement and survivor rights and benefits available at retirement. The amount payable to Dorman or his beneficiarx(x) xnder this Section 6.2 shall equal the excess of (1) the benefits that would be paid to Dorman or his beneficiarxxx, xnder all retirement plans of the Corporations in which Dorman participates if Dxxxxx were fully vested xxxxx such plans or (2) the benefits that are payable to Dorman or his beneficiarxxx xxder all retirement plans of the Corporations in which Dorman participates. Thxxx Xxecial Retirement Benefits are provided on an unfunded basis, are not intended to meet the qualification requirements of Section 401 of the Internal Revenue Code and shall be payable solely from the general assets of the Corporations. These Special Retirement Benefits shall be payable at the times and in the manner provided in the applicable retirement plans to which they relate.

Special Retirement Benefits. If DormanKarp's employment with xxx Xxxporations txx Xxxporation shall be terminated either by Dorman Karp pursuant to the pxxxxxxons proxxxxons of Section 4.1C or by the Corporations Corporation or either of them without "cause", Dorman Karp shall be entitled xx tx xxceive "Special Retirement Benefits" from the Corporations Corporation so that the total retirement benefits Dorman Karp receives from the Xxxxxrations Cxxxxration will approximate the total retirement benefits Dorman Karp would have receivxx received xxxer all qualified retirement plans (which shall not include severance plans) of the Corporations Corporation in which Dorman Karp participates were Xxxxxn Kxxx fully vested undex under xxxx qualified retirement plans as if Dorman Karp had continued in xxx thx xxploy of the Corporations Corporation for at least sixty (60) consecutive months in the absence remaining term of early termination this Agreement or until his retirement. The benefits specified in this Section 6.2 will include all ancillary benefits, such as early retirement and survivor rights and benefits available at retirement. The amount payable to Dorman Karp or his beneficiarx(xbeneficiary(x) xnder this Section 6.2 shall equal the excess of (1) the benefits that would be paid to Dorman Karp or his beneficiarxxxbeneficiariex, xnder all retirement plans of the Corporations Corporation in which Dorman Karp participates if Dxxxxx were Karx xxre fully vested xxxxx uxxxx such plans or over (2) the benefits that are payable to Dorman Karp or his beneficiarxxx beneficiariex xxder all retirement plans of the Corporations Corporation in which Dorman Karp participates. Thxxx Thesx Xxecial Retirement Benefits are provided on an unfunded basis, are not intended to meet the qualification requirements of Section 401 of the Internal Revenue Code and shall be payable solely from the general assets of the CorporationsCorporation. These Special Retirement Benefits shall be payable at the all times and in the manner provided in the applicable retirement plans to which they relate.

Special Retirement Benefits. If Dorman's Kxxx'x employment with xxx Xxxporations the Corporation shall be terminated either by Dorman Kxxx pursuant to the pxxxxxxons provisions of Section 4.1C or by the Corporations Corporation or either of them without "cause", Dorman Kxxx shall be entitled xx xxceive to receive "Special Retirement Benefits" from the Corporations Corporation so that the total retirement benefits Dorman Kxxx receives from the Xxxxxrations Corporation will approximate the total retirement benefits Dorman Kxxx would have receivxx xxxer received under all qualified retirement plans (which shall not include severance plans) of the Corporations Corporation in which Dorman Kxxx participates were Xxxxxn Kxxx fully vested undex xxxx under such qualified retirement plans as if Dorman Kxxx had continued in xxx xxploy the employ of the Corporations Corporation for at least sixty (60) consecutive months in the absence remaining term of early termination this Agreement or until his retirement. The benefits specified in this Section 6.2 will include all ancillary benefits, such as early retirement and survivor rights and benefits available at retirement. The amount payable to Dorman Kxxx or his beneficiarx(xbeneficiary(s) xnder under this Section 6.2 shall equal the excess of (1) the benefits that would be paid to Dorman Kxxx or his beneficiarxxxbeneficiaries, xnder under all retirement plans of the Corporations Corporation in which Dorman Kxxx participates if Dxxxxx Kxxx were fully vested xxxxx under such plans or over (2) the benefits that are payable to Dorman Kxxx or his beneficiarxxx xxder beneficiaries under all retirement plans of the Corporations Corporation in which Dorman Kxxx participates. Thxxx Xxecial These Special Retirement Benefits are provided on an unfunded basis, are not intended to meet the qualification requirements of Section 401 of the Internal Revenue Code and shall be payable solely from the general assets of the CorporationsCorporation. These Special Retirement Benefits shall be payable at the all times and in the manner provided in the applicable retirement plans to which they relate.

Special Retirement Benefits. If Dorman's Dxxxxx'x employment with xxx Xxxporations the Corporations shall be terminated either by Dorman Dxxxxx pursuant to the pxxxxxxons provisions of Section 4.1C or by the Corporations or either of them without "cause", Dorman Dxxxxx shall be entitled xx xxceive to receive "Special Retirement Benefits" from the Corporations so that the total retirement benefits Dorman Dxxxxx receives from the Xxxxxrations Corporations will approximate the total retirement benefits Dorman Dxxxxx would have receivxx xxxer received under all qualified retirement plans (which shall not include severance plans) of the Corporations in which Dorman Dxxxxx participates were Xxxxxn Dxxxxx fully vested undex xxxx under such qualified retirement plans as if Dorman Dxxxxx had continued in xxx xxploy the employ of the Corporations for at least sixty (60) consecutive months in the absence of early termination or until his retirement. The benefits specified in this Section 6.2 will include all ancillary benefits, such as early retirement and survivor rights and benefits available at retirement. The amount payable to Dorman Dxxxxx or his beneficiarx(xbeneficiary(s) xnder under this Section 6.2 shall equal the excess of (1) the benefits that would be paid to Dorman Dxxxxx or his beneficiarxxxbeneficiaries, xnder under all retirement plans of the Corporations in which Dorman Dxxxxx participates if Dxxxxx were fully vested xxxxx under such plans or (2) the benefits that are payable to Dorman Dxxxxx or his beneficiarxxx xxder beneficiaries under all retirement plans of the Corporations in which Dorman Dxxxxx participates. Thxxx Xxecial These Special Retirement Benefits are provided on an unfunded basis, are not intended to meet the qualification requirements of Section 401 of the Internal Revenue Code and shall be payable solely from the general assets of the Corporations. These Special Retirement Benefits shall be payable at the times and in the manner provided in the applicable retirement plans to which they relate.

Special Retirement Benefits. If DormanKarp's employment with xxx Xxxporations txx Xxxporation shall be terminated either by Dorman Karp pursuant to the pxxxxxxons proxxxxons of Section 4.1C or by the Corporations Corporation or either of them without "cause", Dorman Karp shall be entitled xx tx xxceive "Special Retirement Benefits" from the Corporations Corporation so that the total retirement benefits Dorman Karp receives from the Xxxxxrations Cxxxxration will approximate the total retirement benefits Dorman Karp would have receivxx received xxxer all qualified retirement plans (which shall not include severance plans) of the Corporations Corporation in which Dorman Karp participates were Xxxxxn Kxxx fully vested undex under xxxx qualified retirement plans as if Dorman Karp had continued in xxx thx xxploy of the Corporations Corporation for at least sixty (60) consecutive months in the absence remaining term of early termination this Agreement or until his retirement. The benefits specified in this Section 6.2 will include all ancillary benefits, such as early retirement and survivor rights and benefits available at retirement. The amount payable to Dorman Karp or his beneficiarx(xbeneficiary(x) xnder this Section 6.2 shall equal the excess of (1) the benefits that would be paid to Dorman Karp or his beneficiarxxxbeneficiariex, xnder all retirement plans of the Corporations Corporation in which Dorman Karp participates if Dxxxxx were Karx xxre fully vested xxxxx uxxxx such plans or over (2) the benefits that are payable to Dorman Karp or his beneficiarxxx beneficiariex xxder all retirement plans of the Corporations Corporation in which Dorman Karp participates. Thxxx Xxecial These Xxxcial Retirement Benefits are provided on an unfunded basis, are not intended to meet the qualification requirements of Section 401 of the Internal Revenue Code and shall be payable solely from the general assets of the CorporationsCorporation. These Special Retirement Benefits shall be payable at the all times and in the manner provided in the applicable retirement plans to which they relate.