Supplemental Pension Benefit. The "supplemental pension benefit" shall be the greater of (i) the supplemental cash balance accrued benefit described in Paragraph 1(b)(1) of this Annex A, or (ii) the supplemental unit credit accrued benefit described in Paragraph 1(b)(2) of this Annex A.
Supplemental Pension Benefit. (1) The Company shall pay to Executive a monthly Supplemental Pension Benefit in an amount equal to the amount determined pursuant to clause a. below less the amount determined pursuant to clause b. below:
Supplemental Pension Benefit. The Supplemental Pension Benefit shall be equal to the difference between (i) and (ii):
Supplemental Pension Benefit. Notwithstanding Section 3 hereof, Executive shall be entitled to participate in the Company’s Supplemental Executive Retirement Plan, amended and restated as of February 14, 2006 (“SERP”), or such successor or amended plan(s) as shall be adopted from time to time. Executive shall not be required to participate in any successor to the SERP if such successor plan fails to contain terms and conditions applicable to Executive that are no less favorable than those applicable to other senior executive officers of the Company, and he may instead provide the Company with his written election to remain as a participant in the SERP. So long as Executive continues to participate in the SERP, in the event of Executive’s termination of employment on account of (1) Disability, (2) the Company’s termination of Executive’s employment without Cause, or (3) Executive’s resignation from employment either for Good Reason or with the consent of the Board, Executive’s additional benefits under Part B of the SERP (Article XXIII(b)) shall be calculated as if Executive had attained the lesser of (a) age 62 or (b) Executive’s actual age plus three (3) years at the time of such termination of employment, and Executive’s benefits as thus determined shall be fully vested. The preceding sentence shall not be required to apply to the determination of Executive’s benefits under any successor or replacement plan(s) for the SERP as the Company may adopt in the future.
Supplemental Pension Benefit. An employee who has completed at least 30 years of Credited Service and retires at his normal retirement date will be entitled to a Supplemental Pension Benefit, if any such supplement is necessary, such that the sum of his Accrued Pension outlined in section 7, his
Supplemental Pension Benefit. (A) Formula. A benefit shall be payable to, or on behalf of, Executive under this Paragraph 5(g)(l) upon his termination of employment for any reason. The amount of such benefit shall (subject to the other provisions of this Paragraph 5(g)(1)) be determined under the benefit formula in effect under the BetzDearborn Inc. Employees Retirement Plan as in effect on the Effective Date (the "BD Plan") without regard to (i) any reduction otherwise required under the BD Plan as a result of the application of the Section 415 Limitation (as defined in the BD Plan) and (ii) any reduction otherwise required under the BD Plan by reason of the compensation exclusion called for under Section 401(a)(17) of the Internal Revenue Code of 1986, as amended (the "Code").
Supplemental Pension Benefit. In addition to the pension benefit set forth in the 2008 Agreement, as increased by the Supplemental Agreement, if Executive is actively employed by the Company on June 30, 2016, the supplemental pension benefit amount calculated in accordance with Section 4 of the Supplemental Agreement shall be increased by an amount equal to 5% of the benefit that would have otherwise been payable.
Supplemental Pension Benefit. (a) As of each of the first five anniversaries of the Effective Date, the Executive (if employed by the Company on such anniversary) shall accrue a supplemental pension benefit (the "Supplemental Pension Benefit") in an annual amount equal to two and one half percent (2.5%) of the Executive's "Average Final Compensation" (as such term is defined in the Company's Pension Plan as in effect on the Effective Date, but disregarding any limitations on compensation imposed by the Internal Revenue Code). Therefore, if the Executive remains employed with the Company until the fifth anniversary of the Effective Date, the Executive's aggregate accrued Supplemental Pension Benefit will be 12.5
Supplemental Pension Benefit. In the event that the Executive (1) incurs a termination of employment with the Company after reaching age 60 and is not discharged by the Company for "cause" (as such term is defined in Subparagraph 6(c) of this Agreement); or (2) incurs a termination of such employment on account of his "disability" (as such term is defined in Subparagraph 6(b) of this Agreement); then in each such case a supplemental benefit will be payable by the Company to or on behalf of the Executive commencing as of the first day of the month following the month such employment is terminated and continuing on a monthly basis thereafter for the remainder of the Executive's life. The amount of the monthly payments shall be equal to the difference between:
Supplemental Pension Benefit. The Company will establish a supplemental executive retirement plan or purchase an annuity by December 31, 2002 pursuant to which Executive shall, commencing at age 62, be entitled to receive a supplemental pension benefit (the "Supplemental Pension Benefit"), with annual payments equal to the product of (a) the Executive's number of full and partial years of service (taking into account any additional years of service credited pursuant to Xxxxxxx 00 xxxxx), (x) the average of the three (3) highest years of Base Salary and Bonus earned in respect of the fiscal years preceding the year in which the Executive's employment is terminated (provided that if the Executive has not worked for three (3) full years, it shall be the average of the Base Salary and Bonus earned for the years during the Term preceding the year in which the Executive's employment is terminated) and (c) 1.75
