Executive Separation Allowance Plan definition

Executive Separation Allowance Plan or "ESAP" means the Ford Motor Company Executive Separation Allowance Plan, as it may be amended.
Sample 1Sample 2Sample 3

Examples of Executive Separation Allowance Plan in a sentence

  • Ford maintains the following U.S. non-qualified retirement plans in which certain U.S. Ford Business Employees who are eligible under the terms of the plans participate: The Benefit Equalization Plan ("BEP"), the Supplemental Executive Retirement Plan ("SERP") and the Executive Separation Allowance Plan ("ESAP") and the Select Retirement Plan ("SRP").

  • As of the Effective Date, Visteon Corporation shall reject the Pension Parity Plan, the Executive Separation Allowance Plan, the Supplemental Executive Retirement Plan, and the Visteon Corporation Deferred Compensation Plan.

  • Mr. West’s testimony that Mr. Cox was joining in, adding in information about the statements clearly demonstrates that Mr. Cox heard Mr. Johnson’s statement.Further, Mr. West’s testimony that the men were within arms reach corroborates that even though there may have been noise in the facility Mr. Cox was able to hear the statements of Mr. Johnson.

  • Subject to the earning-out conditions set forth in Article IV, Conditional Annuities, in the amount determined under Section 4.02, shall be payable out of the Company's general funds monthly beginning on the first day of the month when the Participant's retirement benefit under any Retirement Plan or under the Company's Executive Separation Allowance Plan begins.

  • That certain Visteon Corporation Executive Separation Allowance Plan, as amended and restated effective January 1, 2009, and as may be further amended.

  • For 2011 and 2012 these SERP pension parity benefits are estimated as follows: Name These SERP pension parity benefits are included in the amounts shown in column (d) above.The Executive Separation Allowance Plan (‘‘ESAP’’) provides benefits to certain eligible executives who have at least five years of eligible executive service, have at least ten years of GRP contributory membership, and who separate from employment after age 55 and prior to age 65.

  • The monthly retirement benefits calculated under subsection C above shall be determined based upon the terms of the Ford Motor Company Executive Separation Allowance Plan as in effect on June 30, 2000.

  • EXHIBIT A EXECUTIVE SEPARATION AGREEMENT AND GENERAL RELEASE THIS AGREEMENT is entered into as of the ___ day of ___, 20 ___ between (“Executive”) and (“Employer”) pursuant to The Progressive Corporation Executive Separation Allowance Plan (“Plan”).

  • THE PROGRESSIVE CORPORATIONBY: TITLE: EXHIBIT A EXECUTIVE SEPARATION AGREEMENT AND GENERAL RELEASE THIS AGREEMENT is entered into as of the day of , 20 between (“Executive”) and (“Employer”) pursuant to The Progressive Corporation Executive Separation Allowance Plan (“Plan”).

  • Jarrett, Secretary EXHIBIT A SEPARATION AGREEMENT AND GENERAL RELEASE (GROUP I AND II EMPLOYEES) THIS AGREEMENT is entered into as of the ___day of , 20___ between (“Employee”) and (“Employer”) pursuant to The Progressive Corporation Executive Separation Allowance Plan (the “Plan”).

Related to Executive Separation Allowance Plan

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Severance Plan means any severance plan maintained by the Company that is applicable to the Participant.

  • Severance Term means the twenty-four (24) month period following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Post-Employment Period is defined in Section 8.2.

  • Medical Benefits means the monthly fair market value of benefits provided to the Employee and the Employee’s dependents under the major medical, dental and vision benefit plans sponsored and maintained by the Company, at the level of coverage in effect for such persons immediately prior to the Employee’s termination of employment date. The “monthly fair market value” of such benefits shall be equal to the monthly cost as if such persons elected COBRA continuation coverage at such time at their own expense.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Executive session means any meeting or part of a meeting of a governing body which is closed to certain persons for deliberation on certain matters.

  • Separation Date has the meaning set forth in the Separation Agreement.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Employee Assistance Program means an established program capable of providing expert assessment of employee personal concerns; confidential and timely identification services with regard to employee drug abuse; referrals of employees for appropriate diagnosis, treatment, and assistance; and follow-up services for employees who participate in the program or require monitoring after returning to work. If, in addition to the above activities, an employee assistance program provides diagnostic and treatment services, these services shall in all cases be provided by the program.

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).