Termination Under the Employment Agreement. In the event of the Executive’s “Termination” (as defined in the Employment Agreement) for any reason other than death or Disability prior to the Executive’s Early or Normal Retirement Date, the benefits payable under the Plan shall be vested in a percentage of the SERP Benefit equal to the fraction, not to exceed 1.0, obtained by dividing (a) by (b), where (a) equals the full calendar months of the Executive’s Service from and after January 1, 2007 and where (b) equals the full calendar months from and after January 1, 2007 until the first that would have occurred of the Executive’s Early Retirement Date (determined as if the Executive had remained in Service until attainment of his Early Retirement Date) or Normal Retirement Date.
Termination Under the Employment Agreement. In the event of the Executive’s “Termination” (as defined in the Employment Agreement) for any reason other than Disability prior to his Early Retirement Date, the vested portion of the Executive’s SERP Benefit shall be payable in the applicable form specified in Section 4.9(a) of the Plan, and shall be paid in accordance with Section 4.9(b) of the Plan.
Termination Under the Employment Agreement. Section 4.9(c) of the Plan is superseded in its entirety by the provisions of this paragraph 5(c). In the event of the Executive’s “Termination” (as defined in the Employment Agreement) for any reason other than death or Disability prior to his Normal Retirement Date, the vested portion of the Executive’s SERP Benefit shall be payable in the applicable form specified in Section 4.9(a) or Section 4.9(b) of the Plan, and shall be paid as soon as practicable after the Executive’s Normal Retirement Date; provided, however, that if the Executive’s termination is on or after his Early Retirement Date, the SERP Benefit shall be paid as soon as practicable after the Executive’s termination.
