Supplemental Employee Retirement Plan. In addition to the Base Salary and Annual Bonus, the Executive shall be entitled to participate in the Company's Supplemental Employee Retirement Plan as adopted by the Company effective January 1, 2000 and as amended thereafter provided that Executive has agreed to such amendment. Executive shall not be subject to any amendment to the Supplemental Employee Retirement Plan without Executive's written consent.
Supplemental Employee Retirement Plan. The Company shall make all contributions to its Supplemental Employee Retirement Plan (“SERP”) on behalf of Executive for each plan year in accordance with the SERP then in effect, as amended from time to time.
Supplemental Employee Retirement Plan. Company shall make all contributions to its Supplemental Employee Retirement Plan on behalf of Executive for each Plan year based on Executive’s total compensation for that year. For purposes of calculating the amount of such annual contribution, Executive’s annual compensation shall include all bonuses earned for that year.
Supplemental Employee Retirement Plan. In the event the District offers a Supplemental Employee Retirement Plan (SERP) to District administrators, the President/Superintendent will be eligible to participate.
Supplemental Employee Retirement Plan. If, upon Executive’s termination of employment, Executive is not fully vested in his benefits under Executive’s SERP which would thereby preclude the Executive from being eligible to receive benefits under the SERP and a Qualifying Termination event has occurred, Executive shall be deemed to be fully vested for purposes of eligibility to receive a benefit under the SERP; provided, however, there will be no additional service credit included in the actual calculation of such SERP benefit.
Supplemental Employee Retirement Plan. The Company shall make all contributions on behalf of Executive to its Supplemental Employee Retirement Plan, as amended from time to time (the “SERP”), or any other plan adopted by the Company in lieu of the SERP, for each plan year in accordance with the SERP or such other plan then in effect; provided that, except as required by applicable law, the SERP shall not be amended in a manner that is adverse to Executive or be replaced with another plan without Executive’s written consent.
Supplemental Employee Retirement Plan. After you have completed one full year of employment with the Company, you will be eligible to participate in the Company’s Supplemental Employee Retirement Plan in keeping with the terms of the Plan and the Plan documents. This Plan includes generous retirement benefits in the form of deferred compensation vesting during your tenure with the Company as well as substantial life insurance coverage.
Supplemental Employee Retirement Plan. In the event the District offers a Supplemental Employee Retirement Plan (SERP) to District administrators, the President/Superintendent will be eligible to participate. Effective July 1, 2019, the district is offering a one-time payment of $8,000 as a retirement incentive for employees retiring on or before June 30, 2020.
Supplemental Employee Retirement Plan. Employee shall be entitled to participate in the Company's Supplemental Pension Plan or any successor plan thereto (the "SPP") as the application of the SPP to the Employee is varied by this subsection (g). Notwithstanding any provision of the SPP, as of the Effective Date, the Employee shall accrue one year of payments under the SPP for each year the Employee serves as CEO up to a maximum of ten such years of payments, the maximum permitted under the SPP. The Employee shall be fully vested in his SPP benefit to the extent accrued as of any time on and after the first anniversary of the Effective Date.
Supplemental Employee Retirement Plan. Pursuant to the terms of -------------------------------------- the Employment Agreement between you and Alliant dated October 27, 1994, Alliant paid you a supplemental employee retirement plan benefit of Three Hundred Thirteen Thousand Eight Hundred Ten dollars and forty three cents ($313,810.43 i.e. $300,000.00 plus interest at a rate of 5.65% per annum from January 9, 1998 to October 27, 1998). This amount is not considered "Earnings" or "Recognized Compensation" for purposes of Alliant's qualified and non-qualified employee benefit plans.
