SERP Agreement definition

SERP Agreement means a written agreement between a Participant and the Bank in substantially the form attached hereto as Exhibit A.
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SERP Agreement means an agreement entered into between an Employer and a Participant pursuant to Section 2.1(c) providing for the Participant to receive benefits under this Plan which are different from the benefits received by Participants generally by reason of the application of the Tax Limits. A SERP Agreement may take the form of, or be included within, an employment agreement or settlement agreement.
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SERP Agreement means the Amended and Restated Supplemental Retirement Agreement dated January 1, 2002 between the Executive and the Company, as amended.
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Examples of SERP Agreement in a sentence

  • No right or benefit under this Plan shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance, or charge, and any attempt to anticipate, alienate, sell, assign, pledge, encumber, or charge any right or benefit under this Plan or any SERP Agreement shall be void.

  • In consideration of such payment, the parties hereto agree that the SERP Agreement shall be terminated without any further action of any of the parties hereto on or before the date of such payment in accordance with the terms of the Merger Agreement.

  • Notwithstanding anything contained herein to the contrary, this Agreement does not supersede the SERP Agreement.

  • The Participant and his or her Beneficiary shall have only the right to receive benefits under and subject to the terms and provisions of the Plan and this SERP Agreement.

  • Section 2(a) of the SERP Agreement shall be amended and completely restated to read as follows: “If the Employee retires from employment with the Company on or after his sixty-fifth (65th) birthday, in addition to any other retirement benefits to which Employee may be entitled whether from the Company or otherwise, each month the Company shall pay to him a supplemental retirement income equal to his “Monthly Retirement Benefit” as defined below.

  • The Participant shall be deemed to have forfeited his or her right to any payments under the Plan and this SERP Agreement if his or her employment with the Bank terminates by reason of a Termination for Cause.

  • As a result, the Company incurred a charge of $8.9 million, as determined pursuant to Amendment No. 3 to the SERP Agreement, and the Company has no further obligations to the Chairman pursuant to the SERP Agreement (“SERP Termination”).

  • This SERP Agreement is entered into to evidence the Participant’s participation in the Plan and to set forth the basis for determining the amount of his or her benefit tinder the Plan.

  • This SERP Agreement contains the entire agreement and understanding of the Bank and the Participant with respect to supplemental retirement, survivor, termination and disability benefits and supersedes and replaces all prior agreements and understanding, written or oral, with respect thereto.

  • Provided that the Consultant consents to any amendment to the SERP Agreement that may be deemed necessary or appropriate by NewAlliance or NewAlliance Bank to comply with Section 409A of the Code, NewAlliance and NewAlliance Bank agree not to take any action, without the prior written consent of the Consultant, that would result in any penalty tax or interest being owed by the Consultant under Section 409A(a)(1)(B) of the Code with respect to the Consultant’s benefits under the SERP Agreement.


More Definitions of SERP Agreement

SERP Agreement means either (i) the Supplemental Retirement Agreement between the Executive and the Company or (ii) if there is no Supplemental Retirement Agreement between the Executive and the Company, the Banknorth Group, Inc. Supplemental Retirement Plan, as amended.
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SERP Agreement means a written agreement between a Participant and the Company in substantially the form attached hereto as Exhibit A.
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SERP Agreement means a written agreement between a Participant and BEL FUSE in substantially the form attached hereto as Exhibit A.
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SERP Agreement. The provisions of Section 1 of this Agreement.
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SERP Agreement means a written agreement between a Participant and the Plan Administrator.
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SERP Agreement means Second Amended and Restated Executive Supplemental Compensation Agreement by and between the Bank and the Insured, effective as of May 27, 2009, and as amended thereafter.
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Related to SERP Agreement

  • Severance Agreement means the Amended and Restated Key Executive Severance Agreement, dated as of the date hereof, between the parties, as it may be amended from time to time, that provides for certain benefits related to termination of the Executive’s employment that are unrelated to a Change of Control.

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • Relationship Agreement means the relationship agreement between certain members of the Brookfield Group, the Partnership, BBP, the Holding Entities and others dated as of the date hereof;

  • Employment Agreement means any employment, severance, retention, termination, indemnification, change in control or similar agreement between the Company or any of its Subsidiaries, on the one hand, and any current or former employee of the Company or any of its Subsidiaries, on the other hand.

  • Termination Agreement has the meaning set forth in the Recitals.

  • Plan Agreement means a written agreement, as may be amended from time to time, which is entered into by and between an Employer and a Participant. Each Plan Agreement executed by a Participant and the Participant’s Employer shall provide for the entire benefit to which such Participant is entitled under the Plan; should there be more than one Plan Agreement, the Plan Agreement bearing the latest date of acceptance by the Employer shall supersede all previous Plan Agreements in their entirety and shall govern such entitlement. The terms of any Plan Agreement may be different for any Participant, and any Plan Agreement may provide additional benefits not set forth in the Plan or limit the benefits otherwise provided under the Plan; provided, however, that any such additional benefits or benefit limitations must be agreed to by both the Employer and the Participant.

  • DSU Agreement means a written letter agreement between the Corporation and a Participant evidencing the grant of DSUs and the terms and conditions thereof, substantially in the form of Appendix “B”;

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

  • Participation Agreement means, with respect to each Indenture, the "Participation Agreement" referred to therein.

  • Transition Agreement has the meaning set forth in Section 12.8.1.

  • Master Separation Agreement has the meaning set forth in the recitals.

  • Individual Agreement means an employment, consulting or similar agreement between a Participant and the Company or one of its Subsidiaries or Affiliates.

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Rollover Agreement has the meaning set forth in the Recitals.

  • Retention Agreements has the meaning set forth in Section 5.11(e).

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Sponsorship Agreement means a document that estab- lishes an advanced licensee as a sponsor for a basic licensee.

  • Letter Agreement means that certain letter agreement between the initial Holder hereof and the Company, dated as of August 21, 2023, pursuant to which such initial Holder agreed to exercise one or more warrants to purchase shares of Common Stock and the Company agreed to issue to the initial Holder this Warrant.

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Separation Agreement has the meaning set forth in the recitals to this Agreement.

  • OP Agreement means the agreement of limited partnership of ATA Holdings, as amended and in effect from time to time.

  • RSU Agreement means a written agreement between the Company and a Participant evidencing the terms and conditions of an individual Award of Restricted Stock Units.

  • Tax Allocation Agreement means the Tax Allocation Agreement between Corporation and New D&B.

  • Restated Agreement means the Original Facility Agreement, as amended by this Agreement, the terms of which are set out in Schedule 2 (Restated Agreement).

  • Change in Control Agreement means a written Change in Control Agreement between an employee and the Company or an Affiliate.

  • Consulting Agreement means any written or oral agreement to retain the services, for a fee, of a consultant for the purposes of (A) providing counsel to a contractor, vendor, consultant or other entity seeking to conduct, or conducting, business with the State, (B) contracting, whether in writing or orally, any executive, judicial, or administrative office of the State, including any department, institution, bureau, board, commission, authority, official or employee for the purpose of solicitation, dispute resolution, introduction or requests for information or (C) any other similar activity related to such contracts.