Supplemental Retirement Benefit. The Trust shall establish a bookkeeping account for the Executive and shall credit such account each fiscal year with a deemed contribution of $25,000. Such deemed contributions shall be credited as of January 1 of each year beginning with January 1, 2002, and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 3 contracts
Samples: Nonqualified Supplemental Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust), Nonqualified Supplemental Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust), Nonqualified Supplemental Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall establish continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,000. Such deemed contributions shall be credited as of January 1 of each the applicable fiscal year beginning with January 1, 2002, and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 3 contracts
Samples: Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust), Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust), Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall establish continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,000100,000. Such deemed contributions shall be credited as of January 1 of each the applicable fiscal year beginning with January 1, 2002, and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 1 contract
Samples: Nonqualified Supplemental (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust Company shall establish continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,000. Such deemed contributions shall be credited as of January 1 of each the applicable fiscal year beginning with January 1, 2002, and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 1 contract
Samples: Nonqualified Supplemental (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall establish continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2012 or later with a deemed contribution of $25,00050,000 so long as the Executive remains an employee of the Trust. Such deemed contributions shall be credited as of January 1 of each year beginning with Commencing on January 1, 20022012, all deemed contributions, including those deemed made prior to 2012 and in 2012, (and all earnings thereon) shall earn interest at the rate of 10 percentinterest, compounded annually, for 2012 and for each calendar year after 2012, at a rate of five percent per annum.
Appears in 1 contract
Samples: Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall establish continue a bookkeeping account for the Executive and shall credit such account each for the fiscal year beginning January 1, 2012 with a deemed contribution of $25,000. Such deemed contributions 71,500 and shall be credited as of January 1 of credit such account each fiscal year beginning with January 1, 20022013 or later with a deemed contribution of $50,000 so long as the Executive remains an employee of the Trust. Commencing on January 1, 2012, all deemed contributions, including those deemed made prior to 2012 and in 2012, (and all earnings thereon) shall earn interest at the rate of 10 percentinterest, compounded annually, for 2012 and for each calendar year after 2012, at a rate of five percent per annum.
Appears in 1 contract
Samples: Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall establish continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,00035,000. Such deemed contributions shall be credited as of January 1 of each the applicable fiscal year beginning with January 1, 2002, and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 1 contract
Samples: Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall establish a bookkeeping account for the Executive and shall credit such account each fiscal year with a deemed contribution of $25,000. Such deemed contributions shall be credited as of January 1 of each year beginning with January 1, 20022004, and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 1 contract
Samples: Nonqualified Supplemental Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)