Common use of Supplementary Pension Plan Clause in Contracts

Supplementary Pension Plan. In no event will any monthly pension to which Executive is entitled under the SPP commence payment prior to the two-year anniversary of Executive’s separation from service, except that on or after the date Executive attains sixty-five (65) years of age, upon separation from service for any reason, the monthly pension shall be payable at the time and in the form set forth under the terms of the SPP.

Appears in 2 contracts

Samples: Employment Agreement (Pall Corp), Employment Agreement (Pall Corp)

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Supplementary Pension Plan. In no event will any monthly pension to which Executive is entitled under the SPP commence payment prior to the two-year anniversary of Executive’s separation from service, except that on or after the date Executive executive attains sixty-five (65) 65 years of age, upon a separation from service for any reason, the monthly pension shall be payable at the time and in the form set forth under the terms of the SPP.

Appears in 2 contracts

Samples: Employment Agreement (Pall Corp), Employment Agreement (Pall Corp)

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Supplementary Pension Plan. In no event will any monthly pension to which Executive is entitled under the SPP commence payment prior to the twoone-year anniversary of Executive’s separation from service, except that on or after the date Executive attains sixty-five (65) years of age, upon separation from service for any reason, the monthly pension shall be payable at the time and in the form set forth under the terms of the SPP.

Appears in 1 contract

Samples: Employment Agreement (Pall Corp)

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