Common use of Vesting in and Payment of Employer Deferral Account SERP Subaccount Clause in Contracts

Vesting in and Payment of Employer Deferral Account SERP Subaccount. (a) Except as otherwise provided in item 10(b) of this Attachment to the Adoption Agreement for the Plan, the Employer Deferral Account SERP subaccount of a SERP Participant shall be fully vested upon the first to occur of the following while he is an Employee: (i) His death. (ii) His total disability (based on the standard applicable under the Employer’s long term disability program or, if none or if he is not a participant in that program, based on his entitlement to Social Security disability). (iii) His retirement at or after age 65. (iv) His early retirement with consent of the Board expressly providing for such vesting.

Vesting in and Payment of Employer Deferral Account SERP Subaccount. (a) Except as otherwise provided in item 10(b7(b) of this Attachment to the Adoption Agreement for the Plan, the Employer Deferral Account SERP subaccount of a SERP Participant shall be fully vested upon the first to occur of the following while he is an Employee: (i) His death. (ii) His total disability (based on the standard applicable under the Employer’s long term disability program or, if none or if he is not a participant in that program, based on his entitlement to Social Security disability). (iii) His retirement at or after age 65. (iv) His early retirement with consent of the Board expressly providing for such vesting.

Vesting in and Payment of Employer Deferral Account SERP Subaccount. ​ (a) Except as otherwise provided in item 10(b3(b) of this Attachment to the Adoption Agreement for the Plan, the Employer Deferral Account SERP subaccount of a SERP Participant shall be fully vested upon the first to occur of the following while he is an Employee:: ​ (i) His death. (ii) His total disability (based on the standard applicable under the Employer’s long term disability program or, if none or if he is not a participant in that program, based on his entitlement to Social Security disability). (iii) His retirement at or after age 65. (iv) His early retirement with consent of the Board expressly providing for such vesting.

Vesting in and Payment of Employer Deferral Account SERP Subaccount. (a) Except as otherwise provided in item 10(b) of this Attachment to the Adoption Agreement for the Plan, the Employer Deferral Account SERP subaccount of a SERP Participant shall be fully vested upon the first to occur of the following while he is an Employee:: ​ (i) His death.. ​ (ii) His total disability (based on the standard applicable under the Employer’s long term disability program or, if none or if he is not a participant in that program, based on his entitlement to Social Security disability). (iii) His retirement at or after age 65. (iv) His early retirement with consent of the Board expressly providing for such vesting.