Common use of Disability SERP Benefit Clause in Contracts

Disability SERP Benefit. (i) Subject to Section 3(g) hereof, if the Participant has a Separation from Service due to the Participant's Disability, then the Participant will be entitled to receive a lump sum equal to the actuarial equivalent of his Normal Retirement SERP Benefit earned under Section 3(a) hereof as of the date of the Separation from Service, less all payments received under any disability insurance benefit provided by the Employer regardless of whether the Participant is taxed on premium payments made by the Employer with respect to such insurance policy (“Disability SERP Benefit”).

Disability SERP Benefit. (i) Subject to Section 3(g) hereof, if the Participant has a Separation from Service due to the Participant's Disability, then the Participant will be entitled to receive a lump sum equal to the actuarial equivalent of his or her Normal Retirement SERP Benefit earned under Section 3(a) hereof as of the date of the Separation from Service, less all payments received under any disability insurance benefit provided by the Employer regardless of whether the Participant is taxed on premium payments made by the Employer with respect to such insurance policy (“Disability SERP Benefit”).

Disability SERP Benefit. (iiii) Subject to Section 3(g) hereof, if the Participant has a Separation from Service due to the Participant's Disability, then the Participant will be entitled to receive a lump sum equal to the actuarial equivalent of his or her Normal Retirement SERP Benefit earned under Section 3(a) hereof as of the date of the Separation from Service, less all payments received under any disability insurance benefit provided by the Employer regardless of whether the Participant is taxed on premium payments made by the Employer with respect to such insurance policy (“Disability SERP Benefit”).