Supplemental Executive Retirement Sample Clauses
Supplemental Executive Retirement. Plan (SERP): You will be eligible to participate in the Company’s Supplemental Executive Retirement Plan (SERP) following your completion of a year of service. Under the current plan, the Company makes a contribution into the SERP equal to the amount by which your Base Compensation exceeds “Recognized Compensation” ($257,143 for 2016) multiplied by seven percent (7%).
Supplemental Executive Retirement. Plan for Employees of CMS Energy/Consumers Energy Company, effective as of January 1, 2001 ("SERP"): The parties agree that Executive's rights under SERP are governed by the provisions contained in the last sentence of Section VII of SERP and Executive can begin to receive his SERP on a monthly basis when he reaches age 55. Basically, the amount of Executive's SERP will be reduced by the same percentage from the actuarial table contained in Appendix A to the Pension Plan and used to determine his pension, and further reduced for any survivor options provided to or selected by Executive for which he is eligible under SERP. As would be the case if he retired under SERP, Executive cannot receive his SERP as a single sum determined on a present value basis.
Supplemental Executive Retirement. Plan Agreement means the Supplemental Executive Retirement Plan Agreement between SB Financial Group, Inc. and the Executive, as the same may hereafter be amended.
Supplemental Executive Retirement. Benefits Agreement by and between the Company and ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ amended and restated as of November 15, 1994.