Supplemental Savings Plan. Effective January 1, 2019, the Company 20 established The Boeing Company Supplemental Savings Plan (“SSP”), which is an 21 unfunded “excess benefit plan” solely for the purposes of providing benefits that 22 would have been provided under the VIP but for the limitations of Internal Revenue 23 Code §415(c). The eligibility requirements, amount of benefits, time and form of 24 benefit distribution and administrative provisions of the SSP mirror the provisions 25 of the former Supplemental Benefit Plan for Employees of The Boeing Company that 26 provided for benefits in excess of the limitations of Internal Revenue Code 27 §415(c) in all material respects. The Company reserves the right to unilaterally 28 establish, alter, amend, and/or modify any or all terms of the SSP as it deems 29 necessary to comply with all applicable laws and regulations, at its sole 30 discretion without further discussion or negotiation with the Union. All terms 31 and conditions of the SSP, as may be so established, amended or modified, will 32 apply to employees covered by this Agreement. 33 The Union understands that the SSP will be a non-qualified deferred 35 compensation plan under the Internal Revenue Code, and as such, employees 36 who elect to participate in the SSP will be subject to special restrictions and 37 election rules with respect to the VIP (including, but not limited to, restrictions 38 on changing deferral elections during a plan year and electing to defer 39 Employee Incentive Plan payments), in addition to restrictions on elections 40 under and distributions from the SSP. The Company reserves the right to 41 unilaterally alter, amend, and/or modify any or all terms of the VIP as it deems 42 necessary to cause the SSP to comply with the Internal Revenue Code, but no 43 such alteration, amendment or modification deemed necessary by the Company to 44 comply with the IRC shall impact individuals who do not enroll in the SSP. 45 Nothing under the SSP will be subject to the grievance and arbitration procedure of 47 Article 9. 48 49 50 51 52 53 54 55 56 1 ARTICLE 7 2 PENSION
Supplemental Savings Plan. Effective no later than the Spinco Distribution Date, Remainco shall transfer the Warner Media Employee Supplemental Savings Plan (the “WM Supplemental Savings Plan”) to Spinco and Spinco shall assume all Liabilities therefor, including Liabilities associated with the accounts of each Spinco Participant under the WM Supplemental Savings Plan. Each Spinco Participant who immediately prior to the Spinco Distribution Date was a participant in, or entitled to future benefits under, the WM Supplemental Savings Plan shall continue to have such rights, privileges and obligations under the WM Supplemental Savings Plan as is provided thereunder following the Spinco Distribution Date.
Supplemental Savings Plan. The deadline for returning this agreement is March 31, 2021. If you have any ques- tions regarding the completion of the form, contact Employer Services at xxxxxxxxx@xxxxx.xxx or (000) 000-0000. TEACHERS’ RETIREMENT SYSTEM 0000 Xxxx Xxxxxxxxxx P.O. Box 19253 Springfield, Illinois 62794-9253 OF THE STATE OF ILLINOIS (000) 000-0000 xxxxxxxxx@xxxxx.xxx
Supplemental Savings Plan. The Executive shall cease to be a Participant in the Chemtura Corporation Employee Savings Plan (the "401(k) Plan") and the Chemtura Corporation Supplemental Savings Plan (the "SSP") as of the Separation Date. In addition, the Company shall fully vest any unvested portion of the Executive's account balance in the SSP account as of the Separation Date. At the Executive's direction and in accordance with the terms of the applicable Plan, the Company will following the Separation Date cause the 401(k) Plan to distribute an amount equal to the then-vested balance in the Executive's 401(k) Plan account. Such amount will be paid to the Executive or to a qualified rollover account as the Executive shall elect. In addition, in accordance with the Executive's prior election and otherwise in accordance with the terms of the SSP, the Company will cause the SSP to pay to the Executive the balance in the Executive's SSP Account, after withholding such amount as is required to satisfy tax withholding requirements. A statement of the Executive's benefits under these Plans shall be provided to the Executive separately. (e)
Supplemental Savings Plan. The Executive’s account balance under the Company’s Supplemental Savings Plan shall be paid in a lump sum on the on the first business day of the seventh month following the Termination Date.
Supplemental Savings Plan. Annual Incentive Compensation Plan for Key Corporate Executives and Key Affiliate Executives Long-Term Incentive Compensation Plan Excess Benefit Plan Supplemental Retirement Plan Executive Employment Agreements Management Continuity Agreements 1987 Stock Option Plan Stock Compensation Plan SCHEDULE B For purposes of determining the Target Funding Amount and the Maximum Funding Amount as of any given date, the Consulting Firm shall use the following assumptions:
Supplemental Savings Plan. Notwithstanding any provision to the contrary in the Company's Supplemental Savings Plan, in the event that the Executive's employment is terminated by the Company at any time after the Effective Date or there is a Change in Control, all accrued benefits under the Supplemental Savings Plan shall be paid to the Executive in a lump sum as soon as practicable after the Date of Termination or the date of the Change in Control, as applicable. Except as provided in the foregoing sentence, the terms of the Supplemental Savings Plan and the Executive's elections under such plan (if any) shall govern with respect to all other terminations of employment. This Section 2(b)(vi) shall survive the expiration of the Employment Period.
Supplemental Savings Plan. Effective January 1, 2019, the Company 32 established The Boeing Company Supplemental Savings Plan (“SSP”), which is an unfunded 33 “excess benefit plan” solely for the purposes of providing benefits that would have been 34 provided under the VIP but for the limitations of Internal Revenue Code §415(c). The eligibility 35 requirements, amount of benefits, time and form of benefit distribution and administrative 36 provisions of the SSP will mirror the provisions of the former Supplemental Benefit Plan for 37 Employees of The Boeing Company that provided for benefits in excess of the limitations 38 of Internal Revenue Code §415(c) in all material respects. The Company reserves the right 39 to unilaterally establish, alter, amend, and/or modify any or all terms of the SSP as it deems 40 necessary to comply with all applicable laws and regulations, at its sole discretion without 41 further discussion or negotiation with the Union. All terms and conditions of the SSP, as may 42 be so established, amended or modified, will apply to employees covered by this Agreement.
Supplemental Savings Plan
