Grandfathered Benefits Under Arch Deferred Compensation Plan Sample Clauses

Grandfathered Benefits Under Arch Deferred Compensation Plan. It is intended that benefits that were accrued and vested on December 31, 2004 under the Arch Deferred Compensation Plan (the “Arch Plan”), which has been merged with and into the Plan, will satisfy the grandfather provisions of Section 409A of the Code so that such benefits (together with earnings thereon, determined in accordance with Section 409A of the Code) (collectively, “Arch Plan Pre Effective Date Accruals”) will not be subject to Section 409A of the Code. No amendment to this Plan or the Arch Plan made after October 3, 2004 will apply to such Arch Plan Pre Effective Date Accruals unless the amendment specifically provides that it applies thereto; provided, however, that amendments changing notional investment measures for benefits under the Arch Plan shall apply to Arch Plan Pre Effective Date Accruals so long as such amendments do not constitute a material modification for purposes of Section 409A of the Code and do not cause such Arch Plan Pre Effective Date Accruals to lose their grandfathered status under Section 409A of the Code. Without limiting the generality of the foregoing, Arch Plan Pre Effective Date Accruals will be distributed in accordance with the distribution rules in effect under the Arch Plan on October 3, 2004. ATTACHMENT B Re: SUPERSEDING PROVISIONS for Plan Name: Arch Capital Group (U.S.) Inc. Executive Supplemental Non-Qualified Savings and Retirement Plan (the “Plan”)
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Related to Grandfathered Benefits Under Arch Deferred Compensation Plan

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows:

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Plan Benefits Each year, prior to the annual enrollment period, EMPLOYEES will receive Enrollment information that will outline the benefits offered next calendar year. Information relative to specific health insurance benefits and limitations will be updated regularly and contained in the SPD. In the event there is a conflict between the provisions of the collective bargaining agreement and the SPD, the District's SPD shall control.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Plan Terminations Under Section 409A Notwithstanding anything to the contrary in Section 7.2, if this Agreement terminates in the following circumstances:

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

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