Examples of Supplemental MESIP in a sentence
CCE shall cause the assets held by the Amended and Restated CCE Supplemental Matched Employee Savings and Investment Plan Rabbi Trust that have been allocated to the Transferred CCE North American Employees in accordance with their hypothetical investment elections with respect to the Supplemental MESIP as of immediately prior to the Effective Time to be transferred, on an account-by-account basis, to a grantor trust established by Splitco.
Prior to the Effective Time, CCE shall cause Splitco to assume and become obligated for all liabilities and obligations under the CCE Executive Pension Plan, Supplemental Pension Plan, and Supplemental MESIP with respect to the Transferred CCE North American Employees and the Deferred Compensation Plan for Non-Employee Directors with respect to directors and former directors of CCE (such benefits under such plans, the “Transferred Nonqualified Plan Benefits”).
The Plan shall, in no event, accept rollover contributions from a plan other than the Supplemental MESIP.
Prior to the Effective Time, CCE shall cause Splitco to assume and become obligated for all liabilities and obligations under the CCE Executive Pension Plan, Supplemental Pension Plan, and Supplemental MESIP with respect to the Transferred CCE North American Employees and the Deferred Compensation Plan for Non-Employee Directors with respect to directors and former directors of CCE (such benefits under such plans, the "Transferred Nonqualified Plan Benefits").
From January 1, 1997 through September 30, 1999, a Participant was eligible to elect to roll over all or a portion of his account balance from the Supplemental MESIP, provided the Participant’s account balance under the Supplemental MESIP and the present value of the Participant’s accrued benefit under this Plan each equals at least $10,000 ($3,500 before October 1, 1999) at the time of the rollover.
The amount rolled over from the Supplemental MESIP shall be used to provide a Pension Purchase Option (PPO) benefit paid in accordance with Article V.
In addition to any legal or equitable remedies available to the Company, including injunctive relief, the Executive agrees and acknowledges that if he violates any material provision of this Agreement, the Company may immediately cease any and all payments from the Executive’s Supplemental MESIP account as provided immediately below, to the extent such payments are related to the amount credited under Section 3(a) of this Agreement.
The Participant's Cash Balance Account Base Benefit computed without regard to the limits under Code sections 401(a)(17) and 415 and taking into account as compensation in the year of deferral any elective deferrals under the Supplemental MESIP.
This amount shall be subject to the terms and conditions of the Supplemental MESIP, including the Executive’s elections with respect to the time and form of distribution and investment measures, except that such amount may become forfeitable under Section 9 of this Agreement.