Supplemental Retirement Plans. The College shall continue the current Internal Revenue Service (IRS) Rule 403(b) retirement plans IRS Rule 457, Deferred Compensation Plan available to all employees. The College will provide application forms to participate, deduct the amount from the employee's salary, and make appropriate remittance to the plans.
Supplemental Retirement Plans. All members of the Bargaining Unit shall be eligible to participate in a supplemental retirement plan (403(b) and 457(b) accounts). Contribution limits are established each calendar year by the Internal Revenue Service. Voluntary Supplemental Accident, Cancer Disability Insurances offered by various carriers paid by employee. For a complete list of other supplemental insurances, please contact NMHU’s human resources department.
Supplemental Retirement Plans. Oakland shall provide all faculty members the option of investing, at their expense, in supplemental retirement tax-deferred vehicles as identified in paragraph 130 above, subject to conditions established by the respective companies. During the period of reduced work schedule (paragraph 134), to the extent allowed by the plans, faculty may withdraw the funds in their supplemental retirement plans, if any, and bear the costs of any applicable penalties and taxes.
Supplemental Retirement Plans. All amounts accrued or accumulated on behalf of Executive under the Northern Trust Corporation Supplemental Pension Plan (or any successor plan thereto)(the “Supplemental Pension Plan”), the Northern Trust Corporation Supplemental Thrift-Incentive Plan (the “Supplemental TIP”) and the Northern Trust Corporation Supplemental Employee Stock Ownership Plan (the “Supplemental ESOP”) will immediately be fully vested upon a Change in Control, and the Company shall pay or distribute all such amounts to Executive in accordance with the terms of such plans.
Supplemental Retirement Plans. The University shall provide all employees who are regularly scheduled to work twenty (20) or more hours per week the option of investing, at their expense, in supplemental retirement tax-deferred vehicles as identified in paragraph 189b, subject to conditions established by the respective companies. Monthly contributions to this program must equal at least $25.00.
Supplemental Retirement Plans. Following the Distribution Date, the Cabinets Parties shall continue to sponsor and maintain the Cabinets Supplemental Plan. The Cabinets Parties shall be solely responsible for all liabilities and shall fully perform, pay and discharge all obligations, when such obligations become due, to the Business Employees under the Cabinets Supplemental Plan. With respect to each Cabinets Employee who was a participant in the Fortune Brands Supplemental Plan and has an account under such plan (each, a “Fortune Brands SRP Participant”), (a) no later than the Distribution Date, Fortune Brands shall provide Cabinets with a list of payment events applicable to each Fortune Brands SRP Participant and (b) on or after the Distribution Date, Cabinets shall, or shall cause the applicable Cabinets Party to, notify Fortune Brands of the occurrence of (a) any payment event with respect to a Fortune Brands SRP Participant under the Fortune Brands Supplemental Plan, and (b) the “separation from service” under Section 409A of the Code of any Fortune Brands SRP Participant, whether or not such separation from service is a payment event, in each case, as promptly as practicable but in no event later than thirty (30) days following such the occurrence of such payment event or separation from service, as applicable, and shall promptly provide to Fortune Brands any other relevant information reasonably requested by Fortune Brands in writing for purposes of administering the Fortune Brands Supplemental Plan with respect to the Fortune Brands SRP Participants. The Distribution will not constitute a “change in control” for purposes of the Cabinets Supplemental Plan or the Fortune Brands Supplemental Plan.
Supplemental Retirement Plans. Allergan and AMO shall each take actions or cause actions to be taken as necessary to accomplish the following with respect to the Allergan Supplemental Retirement Plans.
(a) Effective as of the Distribution Date, AMO Employees shall cease to accrue benefits under each Allergan Supplemental Retirement Plan. The Allergan Supplemental Retirement Plans shall retain liability for all benefits accrued before the Distribution Date by AMO Employees under the Allergan Supplemental Retirement Plans. Allergan shall take action or cause action to be taken to ensure that all AMO Employees have a fully vested interest in their benefits accrued under the Allergan Supplemental Retirement Plans as of the Distribution Date.
(b) Allergan shall take action or cause action to be taken to ensure that effective as of the Distribution Date, all AMO Employees will be eligible for distribution of their accrued benefits from the Allergan Supplemental Retirement Plans in accordance with the terms of the respective Allergan Supplemental Retirement Plan. AMO Employees shall be eligible for such distributions in the same manner as if they terminated employment as of the Distribution Date.
Supplemental Retirement Plans. The City has established and shall maintain a Deferred Compensation plan pursuant to the provisions of Section 457 of the Internal Revenue Code of 1986, as amended. Each employee, at his or her sole discretion, may defer and have deposited into a City 457 plan a portion of his or her compensation up to the maximum amount permitted by law.
Supplemental Retirement Plans. All amounts accrued or accumulated on behalf of Executive under the Supplemental Pension Plan for Employees of The Northern Trust Company (the “SERP”), the Supplemental Thrift-Incentive Plan for Employees of The Northern Trust Company (the “Supplemental TIP”) and the Supplemental Employee Stock Ownership Plan for Employees of The Northern Trust Company (the “Supplemental ESOP”) will immediately be fully vested upon the Change in Control, and the Company shall promptly pay or distribute all such amounts to Executive in accordance with the terms of such plans as in effect on the date of this Agreement (or as of Executive’s Employment Termination, if more favorable to Executive).
Supplemental Retirement Plans. 8 ARTICLE VII. ALLERGAN HEALTH AND WELFARE PLANS..........................................8 7.1 Health and Welfare Plans as of the Distribution Date.......................8 7.2 Health Plans through the Distribution Date.................................9 7.3 COBRA......................................................................9
