Common use of Special Retirement Benefits Clause in Contracts

Special Retirement Benefits. If Dorman's employment with ▇▇▇ ▇▇▇porations shall be terminated either by Dorman pursuant to the p▇▇▇▇▇▇ons of Section 4.1C or by the Corporations or either of them without "cause", Dorman shall be entitled ▇▇ ▇▇ceive "Special Retirement Benefits" from the Corporations so that the total retirement benefits Dorman receives from the ▇▇▇▇▇rations will approximate the total retirement benefits Dorman would have receiv▇▇ ▇▇▇er all qualified retirement plans (which shall not include severance plans) of the Corporations in which Dorman participates were ▇▇▇▇▇n fully vested unde▇ ▇▇▇▇ qualified retirement plans as if Dorman had continued in ▇▇▇ ▇▇ploy 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 beneficiar▇(▇) ▇nder this Section 6.2 shall equal the excess of (1) the benefits that would be paid to Dorman or his beneficiar▇▇▇, ▇nder all retirement plans of the Corporations in which Dorman participates if D▇▇▇▇▇ were fully vested ▇▇▇▇▇ such plans or (2) the benefits that are payable to Dorman or his beneficiar▇▇▇ ▇▇der all retirement plans of the Corporations in which Dorman participates. Th▇▇▇ ▇▇ecial 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 Dorman's employment with ▇▇▇ K▇▇▇porations '▇ employment with the Corporation shall be terminated either by Dorman K▇▇▇ pursuant to the p▇▇▇▇▇▇ons provisions of Section 4.1C or by the Corporations Corporation or either of them without "cause", Dorman K▇▇▇ shall be entitled ▇▇ ▇▇ceive to receive "Special Retirement Benefits" from the Corporations Corporation so that the total retirement benefits Dorman K▇▇▇ receives from the ▇▇▇▇▇rations Corporation will approximate the total retirement benefits Dorman K▇▇▇ would have receiv▇▇ ▇▇▇er received under all qualified retirement plans (which shall not include severance plans) of the Corporations Corporation in which Dorman participates were ▇▇▇▇▇n fully vested unde▇ ▇K▇▇▇ participates were K▇▇▇ fully vested under such qualified retirement plans as if Dorman K▇▇▇ had continued in ▇▇▇ ▇▇ploy 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 K▇▇▇ or his beneficiar▇(▇beneficiary(s) ▇nder under this Section 6.2 shall equal the excess of (1) the benefits that would be paid to Dorman K▇▇▇ or his beneficiar▇▇▇beneficiaries, ▇nder under all retirement plans of the Corporations Corporation in which Dorman K▇▇▇ participates if D▇▇K▇▇▇ were fully vested ▇▇▇▇▇ under such plans or over (2) the benefits that are payable to Dorman or his beneficiarK▇▇▇ ▇▇der or his beneficiaries under all retirement plans of the Corporations Corporation in which Dorman participates. ThK▇▇▇ ▇▇ecial participates. 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.