Parent SERP definition

Parent SERP means the Parent Supplemental Retirement Plan, as such plan is in effect immediately prior to the Effective Time.
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Parent SERP means any nonqualified supplemental executive retirement plan maintained for the benefit of Parent employees, or Company Employees who were employed at any time by Parent.
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Parent SERP means the ENSCO Supplemental Executive Retirement Plan.
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Examples of Parent SERP in a sentence

  • On and after the Distribution Date, SpinCo Group Employees and Former SpinCo Group Employees shall cease to be participants in the Parent SERP.

  • During the General Continuation Period, SpinCo may make such changes, modifications or amendments to the SpinCo SERP, as may be required by applicable Law or as are necessary and appropriate to reflect the Separation, it being understood that any such changes, modifications or amendments shall not result in benefits that are less favorable than those provided under the Parent SERP to participants in the SpinCo SERP who were participants in the Parent SERP immediately prior to the Effective Time.

  • Parent shall retain all Liabilities under the Parent SERP for the benefits of Parent Group Employees and Former Parent Group Employees.

  • As of the Distribution Date, SpinCo shall, and shall cause the SpinCo SERP to, assume all Liabilities under the Parent SERP for the benefits of SpinCo Group Employees and Former SpinCo Group Employees determined as of immediately prior to the Distribution Date, and the Parent Group and the Parent SERP shall be relieved of all Liabilities for those benefits.

  • For not less than the General Continuation Period, the SpinCo SERP shall have substantially the same terms as of immediately prior to the Effective Time as the Parent SERP.

  • Effective as of the Closing, Parent shall establish a trust (the “Parent DC Trust”) substantially similar to the Seller DC Trust to hold assets to pay benefits to Nonqualified Benefits Participants under the Parent SERP, the Parent SBP, and the Parent DCP.

  • Company shall not assume any liability whatsoever with respect to the Parent SERP, and Parent shall not assume any liability with respect to Company SERP.

  • Effective as of the Closing, Parent shall establish a trust (the “Parent DC Trust”) substantially similar to the Seller DC Trust to hold assets to pay benefits to Nonqualified Benefits Participants under the Parent NSP, the Parent SERP, the Parent SBP and the Parent DCP.


More Definitions of Parent SERP

Parent SERP means any nonqualified supplemental executive retirement plan maintained for the benefit of Parent employees, or Company
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Related to Parent SERP

  • Current service means the number of years and months of employment as an

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Settlement Service as defined in Subsection 11.6(b).

  • Supported employment services means provision of job training and supervision available to assist an individual who needs intensive ongoing support to choose, get, and keep a job in a community business setting. Supported employment is a service planned in partnership with public vocational assistance agencies and school districts and through Social Security Work Incentives when available.

  • Effective Time has the meaning set forth in Section 2.2.

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • payment service means any business activity set out in Annex I;

  • Investment Services means the Investment Services under the Company’s CIF license which can be found in the document “Company Information”.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended as of November 14, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as administrative agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Management Services means the services specified in sub-clauses 3.1 to 3.8 as indicated affirmatively in Boxes 5 to 12.

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Employment services organization means an organization that provides community-based employment services to individuals with disabilities that is an approved Commission on Accreditation of Rehabilitation Facilities (CARF) accredited vendor of the Department of Aging and Rehabilitative Services.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • Replacement Services means any services which are substantially similar to any of the Services and which the Customer receives in substitution for any of the Services following the Call Off Expiry Date, whether those services are provided by the Customer internally and/or by any third party;

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Equivalent Services shall have the meaning set out in Clause 6.3;

  • SpinCo shall have the meaning set forth in the Preamble.

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • Surviving Bank has the meaning set forth in Section 1.03.

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • ITC (this Section2 of the RFP) means the Instructions to Consultants that provides the Consultants with all information needed to prepare their Proposals.

  • Company Credit Agreement means the Amended and Restated Credit Agreement, dated as of September 30, 2016, as amended from time to time, among the Company, the guarantors named therein, the lenders named therein, and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, and all pledge, security, guaranty and other agreements and documents related thereto.