SERP definition

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

SERP means any and all supplemental retirement plans in which the Executive participates (including, but not limited to, any benefit restoration plan(s) maintained by the Company from time to time).

SERP means the Company’s Supplemental Executive Retirement Plan.

Examples of SERP in a sentence

• The SERP provides the Executive with an income replacement benefit based on the Executive’s estimated average final three years of compensation including bonus, subject to employer offsets for Social Security benefits and other retirement benefits to which the Executive is entitled under any other benefit program offered by the Employers.

• Supplemental ESOP and Savings Benefits, if any, are 100% vested when credited to the Executive’s account(s) in the SERP.

• Executive earns her SERP income replacement benefit ratably over a ten-year vesting period.

• The SERP also provides the Executive with the opportunity to earn a Supplemental ESOP Benefit and Supplemental Savings Benefit in the event certain benefits under these tax-qualified retirement plans are cut back due to the Internal Revenue Code limits on compensation.

• The SERP also provides the Executive with the opportunity to earn a Supplemental ESOP Benefit and a Supplemental Savings Benefit in the event certain benefits under these Bank’s tax-qualified retirement plans are cut back due to the Internal Revenue Code limits on compensation.

More Definitions of SERP

SERP means The Xxxxxxx & Xxxxxx Company Supplemental Executive Retirement Plan, or any supplemental executive retirement plan offered by a Successor, as in effect on the date of the Covered Termination.

SERP means the Central and South West System Special Executive Retirement Plan, as amended from time to time.

SERP means the Spartan Stores, Inc. Supplemental Executive Retirement Plan, as amended from time to time.

SERP means any supplemental executive retirement Plan that is a Non-Qualified Plan.

SERP means the prepetition supplemental executive retirement program between Delphi and certain employees.

SERP means the Tenth Amended and Restated Ashland Inc. Supplemental Early Retirement Plan for Certain Key Executive Employees, as it now exists or as it may hereafter be amended.

SERP has the meaning set forth in Section 4 of the Agreement.