Examples of Supplemental Security Plan in a sentence
Participants shall not receive any benefits under the terms of the Supplemental Retirement Plan, the Supplemental Security Plan or the Equalization Plan.
Participants shall not receive any benefits under the terms of the Supplemental Retirement Plan, the Supplemental Security Plan, the Equalization Plan or any comparable plan maintained by the Company.
Former Employees, (i) whose Company employment terminated before January 1, 1997, and who had accrued benefits under the Supplemental Retirement Plan or Supplemental Security Plan, or (ii) whose Company employment terminated before January 1, 1999, and who had accrued benefits under the Equalization Plan, will receive payment, or will continue to receive payment, of such benefits under the terms of such plans.
If an Employee who was an active participant in the Supplemental Security Plan on December 31, 1996, should die while still employed by the Company, the portion of the death benefit attributable to the Employee’s Supplemental Account shall not be less than the amount determined by multiplying 2.5 times the annualized base rate of pay of the Employee on the date of death.
Notwithstanding the above, Employees who were in Position Classification III under the Supplemental Security Plan will not receive any Pay Credits under this Plan.
Duke Power Company Supplemental Retirement Plan Crescent Resources Incentive Deferral Plan CONFIDENTIAL SCHEDULE C FINANCED NONQUALIFIED PLANS Duke Energy Corporation Executive Savings Plan I and II Duke Energy Corporation Executive Cash Balance Plan I and II Duke Energy Corporation Directors’ Savings Plan I and II Supplemental Retirement Plan for Employees of Duke Power Company Duke Power Company Supplemental Security Plan Duke Energy Corporation Retirement Benefit Equalization Plan.
ELIGIBILITY 3.1 Active Employees participating in the Supplemental Retirement Plan or Supplemental Security Plan on December 31, 1996 will become participants in the Plan effective January 1, 1997, except for any individual whose eligibility to participate in the Supplemental Security Plan had been withdrawn effective on December 31, 1996.
These Employees will not receive any benefits under the Supplemental Security Plan or the Supplemental Retirement Plan.
If an Employee who was an active participant in the Supplemental Security Plan on December 31, 1996, should die while still employed by the Company, the portion of the death benefit attributable to the Employee's Supplemental Account shall not be less than the amount determined by multiplying two point five (2.5) times the annualized base rate of pay of the Employee on the date of death.
The benefit to which he is entitled under such supplemental retirement plan, however, shall be no less than what he would have received had he continued to participate in Kentucky Utilities Company Supplemental Security Plan (the "KU Energy SSP") as in effect immediately prior to the Effective Time (but applied without regard to any provision in the KU Energy SSP relating to forfeiture upon termination for cause as defined in the KU Energy SSP).