Common use of Supplemental Executive Retirement Benefits Clause in Contracts

Supplemental Executive Retirement Benefits. In addition to benefits the Executive is entitled to receive under the Qualified Plan, Executive also shall be entitled to receive Supplemental Executive Benefits as set forth in the Company's Supplemental Retirement Income Benefit Plan, adopted as of November 28, 2001, ("SERB Plan"), which SERB Plan is incorporated into this Agreement by this reference. Those benefits are as follows: (i) Executive shall receive an additional amount which shall be the amount Executive would have received under the Qualified Plan had Executive's benefits under the Qualified Plan not been subject to the limitations on the benefits and contributions set forth in Sections 401 (a)(17) and 415 of the Code; plus (ii) In addition to all of the foregoing, the sum of $200,000 per year, or such lesser amount as may be vested pursuant to Section 4.2 (c) at the time the Executive retires or otherwise becomes eligible to receive his Supplemental Retirement Benefits pursuant to the terms of the SERB Plan.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

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Supplemental Executive Retirement Benefits. In addition to benefits the Executive is in entitled to receive under the Qualified Plan, Executive also shall be entitled to receive Supplemental Executive Benefits as set forth in the Company's Supplemental Retirement Income Benefit Plan, adopted as of November 28, 2001, ("SERB Plan"), which SERB Plan is incorporated into this Agreement by this reference. Those benefits are as follows: (i) Executive shall receive an additional amount which shall be the amount amount, if any, Executive would have received under the Qualified Plan had Executive's his benefits under the Qualified Plan not been subject to the limitations on the benefits and contributions set forth in Sections 401 (a)(17) and 415 of the Code; plus (ii) In addition to all of the foregoing, the sum of $200,000 145,000 per year, or such lesser amount as may be vested pursuant to Section 4.2 (c) at the time the Executive retires or otherwise becomes eligible to receive his Supplemental Retirement Benefits pursuant to the terms of the SERB Plan.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

Supplemental Executive Retirement Benefits. In addition to benefits the Executive is entitled to receive under the Qualified Plan, Executive also shall be entitled to receive Supplemental Executive Benefits as set forth in the Company's Supplemental Retirement Income Benefit Plan, adopted as of November 28, 2001, ("SERB Plan"), which SERB Plan is incorporated into this Agreement by this reference. Those benefits are as follows: (i) Executive shall receive an additional amount which shall be the amount amount, if any, Executive would have received under the Qualified Plan had Executive's his benefits under the Qualified Plan not been subject to the limitations on the benefits and contributions set forth in Sections 401 (a)(17) and 415 of the Code; plus (ii) In addition to all of the foregoing, the sum of $200,000 145,000 per year, or such lesser amount as may be vested pursuant to Section 4.2 (c) at the time the Executive retires or otherwise becomes eligible to receive his Supplemental Retirement Benefits pursuant to the terms of the SERB Plan.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

Supplemental Executive Retirement Benefits. In addition to benefits the Executive is entitled to receive under the Qualified Plan, Executive also shall be entitled to receive Supplemental Executive Benefits as set forth in this Agreement and in the Company's Supplemental Retirement Income Benefit Plan, adopted as of November 28, 2001, ("SERB Plan"), which SERB Plan is incorporated into this Agreement by this reference. Those benefits are as follows: (i) Executive shall receive an additional The sum of $200,000 per year. This amount which shall be reflects the estimated difference between the amount Executive would have received receive under the Qualified Plan and the amount he would be entitled to receive had Executive's benefits his benefit under the Qualified Plan not been subject to the limitations on the benefits and contributions set forth in Sections 401 (a)(17) and 415 of the Code; plus (ii) In addition to all of the foregoing, the The sum of $200,000 425,000 per year, or such lesser amount as may be vested pursuant to Section 4.2 (c) at the time the Executive retires or otherwise becomes eligible to receive his Supplemental Retirement Benefits pursuant to the terms of the SERB Plan.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

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Supplemental Executive Retirement Benefits. In addition to benefits the Executive is entitled to receive under the Qualified Plan, Executive also shall be entitled to receive Supplemental Executive Benefits as set forth in this Agreement and in the Company's ’s Supplemental Retirement Income Benefit Plan, adopted as of November 28, 2001, ("SERB Plan"), which SERB Plan is incorporated into this Agreement by this reference. Those benefits are as follows: (i) Executive shall receive an additional The sum of $200,000 per year. This amount which shall be reflects the estimated difference between the amount Executive would have received receive under the Qualified Plan and the amount he would be entitled to receive had Executive's benefits his benefit under the Qualified Plan not been subject to the limitations on the benefits and contributions set forth in Sections 401 (a)(17) and 415 of the Code; plus (ii) In addition to all of the foregoing, the The sum of $200,000 425,000 per year, or such lesser amount as may be vested pursuant to Section 4.2 (c) at the time the Executive retires or otherwise becomes eligible to receive his Supplemental Retirement Benefits pursuant to the terms of the SERB Plan.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

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