Purpose and Effective Date Sample Clauses


Purpose and Effective Date. The purpose of the Monarch Bank Supplemental Executive Retirement Plan (the Plan) is to attract and retain the services of executive employees whose judgment, abilities and experience contribute to the financial success of the Monarch Bank (the Bank). The Plan is intended to be a non-qualified deferred compensation plan within the meaning of Internal Revenue Code Section 409A and an arrangement exempt from the participation, funding and fiduciary responsibility provisions of the Employee Retirement Income Security Act of 1974, as amended. The Bank has determined that the benefits to be paid to Participants under this Plan constitute reasonable compensation for the services rendered and to be rendered by the Participants. The effective date of this Plan is January 1, 2011.


Purpose and Effective Date. Bonanza Creek Energy, Inc. (the Company) has adopted this Executive Change in Control and Severance Benefit Plan (this Plan) to provide for the payment of severance or change in control benefits to Eligible Individuals (as defined below). The Plan was approved by the Board of Directors of the Company (the Board) to be effective as of March 28, 2013 (the Effective Date).

Purpose and Effective Date. This Plan is an unfunded, deferred compensation arrangement established by Science Applications International Corporation (Company) to provide selected Employees and Directors with a method of supplementing their retirement income by deferring a portion of their compensation and to make an indirect investment in Company Stock through a rabbi trust vehicle. The Plan is effective as of January 4, 1996, and is amended and restated effective January 1, 2005 to comply with Section 409A of the Code.

Purpose and Effective Date. The bonus program, effective as of January 1, 2008, shall be known as the DDi Corp. 2008 Senior Management Bonus Program (the Bonus Program). It is a performance-based bonus program for the benefit of a select group of employees of (a) DDi Corp., a Delaware corporation (DDi Corp.); (b) Dynamic Details, Incorporated, a California corporation and DDi Corp.s principal operating North American subsidiary (Dynamic Details); and (c) any of the other North American subsidiaries of DDi Corp. who are selected for participation as provided herein (Participants). The Bonus Program is intended to qualify as a compensation or bonus plan that is exempt from the application of the Employee Retirement Income Security Act of 1974, as amended, by reason of Section 3 of such Act. Unless otherwise noted, the term the Company shall refer to DDi Corp. and/or any of its North American subsidiaries, as applicable.

Purpose and Effective Date. ARRIS Group, Inc. (the Company) has established this 2008 Stock Incentive Plan (the Plan) to facilitate the retention and continued motivation of key employees, consultants and directors and to align more closely their interests with those of the Company and its stockholders. The effective date of the Plan shall be the date it is approved by the stockholders of the Company (the Effective Date). No grants shall be made under this Plan subsequent to ten (10) years after the Effective Date. This Plan will have no impact on the Companys existing stock incentive plans or the awards outstanding thereunder.

Purpose and Effective Date. Effective January 1, 2011 (the Effective Date) Guaranty Bancshares, Inc., a Texas corporation (the Company), hereby restates the Guaranty Bancshares, Inc. Employee Stock Ownership Plan With 401(k) Provisions (the Plan), established to provide eligible employees with an opportunity to accumulate capital for their future economic security by acquiring stock ownership interests in the Company. The Plan is a stock bonus plan which is intended to be qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended (Code). It includes this Plan and the related Trust Agreement. The Plan is intended to be an employee stock ownership plan within the meaning of Section 4975(e)(7) of the Code and Section 407(d)(6) of the Employee Retirement Income Security Act of 1974 (ERISA). The Plan was originally effective January 1, 1985, last restated on December 20, 2005, and received a favorable IRS determination letter therefor on June 9, 2009. Since the last restatement, the Plan has been amended as follows:

Purpose and Effective Date. The purpose of this Supplemental Executive Retirement Plan (hereinafter the "Plan") is to provide supplemental retirement benefits for certain key employees of COLUMBIA STATE BANK (hereinafter "Bank" or "Employer"), a bank organized and existing under the laws of the state of Washington. It is intended that the Plan will aid in retaining and attracting individuals of exceptional ability by providing them with these benefits. This Columbia State Bank Supplemental Executive Retirement Plan Agreement (hereinafter "Agreement") is made and entered into effective as of June 1, 2013, by and between Columbia State Bank (hereinafter "Bank" or "Employer") and Clinton E. Stein (hereinafter "Executive" or "Participant"). WHEREFORE, the Bank and Executive hereby agree to the following;


Purpose and Effective Date. The purposes of the Pension Service Supplement Plan for Duquesne Light Holdings, Inc. and Affiliates are to promote the growth and profitability of Duquesne Light Holdings, Inc. to and attract and retain key executives of outstanding competence by providing supplemental retirement benefits under the terms and conditions hereof. The Plan was originally adopted effective as of January 1, 1992 and most recently restated as of January 1, 2002. This is a restatement of the Plan as of January 1, 2005. The accrued benefits under the Plan of Members who terminated employment with the Employer prior to January 1, 2005 shall be governed by the terms of the Plan as in effect on the date of termination. It is intended that benefit accruals under the Plan on or before December 31, 2006 comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the Code), by providing for the funding of such benefits pursuant to Section 5.01 on December 28, 2006. Such funding is intended to be a payment of such accrued benefits on a specified date pursuant to Section 409A(a)(2)(C)(iv) of the Code under the transition guidance published by the Internal Revenue Service as part of Proposed Treasury Regulation Section 1.409A-1 through 1.409A-6. It is intended that benefit accruals under the Plan on and after January 1, 2007 be exempt from the requirements of Section 409A of the Internal Revenue Code, as amended, as short-term deferrals pursuant to Proposed Treasury Regulation Section 1.409A-1(b)(4), by providing that all benefit accruals for a calendar year be funded pursuant to Section 5.02 within 2-1/2 months after the end of such calendar year. In the event that any provision that is necessary for the Plan to comply with Section 409A (with respect to pre-January 1, 2007 benefit accruals) or to be exempt from Section 409A (with respect to post-December 31, 2006 benefit accruals) is determined by the Plan Administrator, in its sole discretion, to have been omitted, such omitted provision shall be deemed included herein and is hereby incorporated as part of the Plan.

Purpose and Effective Date. Inergy GP, LLC (the Company), a Delaware limited liability company and the general partner of Inergy, LP (the Partnership), and Inergy Operations, LLC, a Delaware limited liability company have adopted this Officer Severance Plan, as it may be amended from time to time (the Plan) to provide for the potential payment of severance benefits to certain employees in connection with the GP Transaction (as defined below). The Plan was initially approved by the Board of Directors of the Company (the Board) on May 5, 2013 and shall be effective as of, and contingent upon, the occurrence of the Closing (as defined below). If the Closing does not occur, the Plan shall be null and void ab initio.

Purpose and Effective Date. ARRIS International plc, registered in England & Wales with company number 09551763 (the Company) has established this 2016 Stock Incentive Plan (the Plan) to facilitate the retention and continued motivation of key employees and executive directors and to align more closely their interests with those of the Company and its stockholders. This Plan will be effective on the day it is approved by the Companys stockholders (the Effective Date). No grants shall be made under this Plan subsequent to ten (10) years after the Effective Date. This Plan will have no impact on the Companys existing stock incentive plans or the awards outstanding thereunder.