Common use of Additional Credit Clause in Contracts

Additional Credit. Executive's benefit and Accrued Benefit under the SERP will be computed by crediting the Executive with the Additional Credit provided in Section 2.17(a) of the SERP if the Executive qualifies for that credit at that time or, if the Executive does not otherwise qualify for that credit at the time of the Change in Control under the terms of that Section 2.17(a), the Executive: - Has been (and remains) identified in the SERP as an individual eligible for that Additional Credit or was removed as an individual eligible for that Credit in anticipation of the Change in Control; and - Is vested in the Executive's Accrued Benefit under the SERP under the terms of the SERP or subsection A, above.