Common use of Supplemental Senior Executive Retirement Plan Clause in Contracts

Supplemental Senior Executive Retirement Plan. Xxxxxxx shall continue participation in CP&L's Supplemental Senior Executive Retirement Plan (SERP), subject to its terms. In connection with Xxxxxxx'x participation in SERP, Xxxxxxx has been awarded 5 years of service toward the benefits and vesting requirements of SERP. This credit will not apply to the benefits and vesting requirements of any other plan or benefit program at Energy Ventures or CP&L.

Supplemental Senior Executive Retirement Plan. Xxxxxxx Employee shall continue be eligible for participation in CP&L's Supplemental Senior Executive Retirement Plan (SERP), subject to its terms. In connection with Xxxxxxx'x Employee's participation in SERP, Xxxxxxx has been Employee, upon hire, will be awarded 5 seven (7) years of service toward the benefits and vesting requirements of SERP. This credit will not apply to the benefits and vesting requirements of any other plan or benefit program plan at Energy Ventures or CP&L.

Supplemental Senior Executive Retirement Plan. Xxxxxxx Employee shall continue be eligible for participation in CP&L's Supplemental Senior Executive Retirement Plan (SERP), subject to its terms. In connection with Xxxxxxx'x participation in SERP, Xxxxxxx has been awarded 5 years of service toward the benefits and vesting requirements of SERP. This credit will not apply to the benefits and vesting requirements of any other plan or benefit program at Energy Ventures or CP&L..

Supplemental Senior Executive Retirement Plan. Xxxxxxx Xxxxx shall continue be --------------------------------------------- eligible for participation in CP&L's Supplemental Senior Executive Retirement Plan (SERP), subject to its terms. In connection with Xxxxxxx'x Xxxxx' participation in SERP, Xxxxxxx has been Xxxxx, upon hire, will be awarded 5 six (6) years of service toward the benefits and vesting requirements of SERP. This credit will not apply to the benefits and vesting requirements of any other plan or benefit program plan at Energy Ventures or CP&L.