Common use of SUSPENSION OF EXCESS PENSION BENEFIT Clause in Contracts

SUSPENSION OF EXCESS PENSION BENEFIT. The payment of an Excess Pension Benefit otherwise due on behalf of the Executive shall be suspended for any calendar month in which his Pension Benefit under the Pension Plan is suspended, provided that payment of an Excess Pension Benefit which has been so suspended shall commence or resume when the Pension Benefits under the Pension Plan resume. Notice of suspension of payment of any Excess Pension Benefit shall be given to the Executive and such suspension of payment shall be governed by procedures established by the administrator of the Pension Plan.

SUSPENSION OF EXCESS PENSION BENEFIT. The payment of an Excess Pension Benefit otherwise due on behalf of the Executive shall be suspended for any calendar month in which his Pension Benefit under the Company’s Pension Plan is suspended, provided that payment of an Excess Pension Benefit which has been so suspended shall commence or resume when the his Pension Benefits under the Company’s Pension Plan resume. Notice of suspension of payment of any Excess Pension Benefit shall be given to the Executive and such suspension of payment shall be governed by procedures established by the administrator of the Pension PlanPlan Administrator.