Common use of Restoration Plan Clause in Contracts

Restoration Plan. Executive shall be paid the accrued and vested benefit under the Company’s 401(k) Restoration Plan in a lump sum on the first regularly scheduled Company payroll date occurring after the six-month anniversary of the Separation Date.

Appears in 3 contracts

Samples: Retirement and Operating Consulting Agreement and Release (Viatris Inc), Separation Agreement and Release (Viatris Inc), Separation Agreement and Release (Viatris Inc)

AutoNDA by SimpleDocs

Restoration Plan. Executive shall be paid the accrued and vested benefit under the Company’s 401(k) Restoration Plan (in an amount currently equal to $646,747 and subject to increase based on the anticipated March deposit credit) in a lump sum on the first regularly scheduled Company payroll date occurring after the six-month anniversary of the Separation Date.

Appears in 1 contract

Samples: Separation Agreement and Release (Viatris Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.