Qualified Plan Benefits Sample Clauses

Qualified Plan Benefits. The Executive shall be entitled to receive, upon his retirement as provided for in the Company’s Employees’ Retirement Plan (the “Qualified Plan”), benefits under the Qualified Plan computed as set forth in that plan.
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Qualified Plan Benefits. Upon the occurrence of a Change in Control, the Executive's account in the Beldxx & Xlakx Xxxporation 401(k) Profit Sharing Plan shall be come 100% vested and nonforfeitable.
Sample 1
Qualified Plan Benefits. Executive shall be entitled to receive, upon his retirement as provided for in the Century Aluminum Employees Retirement Plan (the “Qualified Plan”), payments under the Qualified Plan computed as set forth in that plan.
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Qualified Plan Benefits. Upon the expiration of such six-year period, HMH may commence taking benefits from Xxxxxxx qualified plans, provided he bas then attained early retirement age provided in such plans.
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Qualified Plan Benefits. In addition to the severance pay described in paragraph (1) above, the Severance Amount shall also include an amount equal to the amount of the Company's profit sharing contribution that would have been allocated to Executive's profit sharing account under the Thrift Plan for the plan year that includes Executive's Date of Termination, based on Executive's compensation (as defined under the Thrift Plan) calculated as follows: Executive's annualized cash compensation on Executive's Date of Termination or, if higher, Executive's annualized cash compensation immediately before the Control Change Date. The portion of Executive's Severance Amount determined under this paragraph (2) will be calculated with reference to the benefits that would have been allocated under the Thrift Plan but for the limitations prescribed by the Code and without regard to any deferral election that Executive may have made under the Crestar Financial Corporation Additional Nonqualified Executive Plan. Notwithstanding the preceding sentence, the portion of Executive's Severance Amount determined under this paragraph (2) will be reduced to the extent such amounts are allocated to or accrued on behalf of Executive under the Crestar Financial Corporation Additional Nonqualified Executive Plan or the Crestar Financial Corporation Excess Benefit Plan.
Sample 1
Qualified Plan Benefits. Participation in the 401(k) Plan and Defined Benefit Retirement Plan.
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Qualified Plan Benefits. Any payment due to the Employee under the qualified plans maintained by the Company, including, but not limited to, the Huntsman Defined Benefit Pension Plan, Huntsman Money Purchase Pension Plan and Huntsman Salary Deferral Plan, will be paid according to the terms and conditions of the applicable plan.
Sample 1
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Qualified Plan Benefits. X'XXXXXX shall be entitled to participate in the RightCHOICE 401(k) plan and defined benefit retirement plan, in accordance with their terms, as both may be amended from time-to- time, in the same manner and to the same extent as other senior executives of RightCHOICE. 4.6.
Sample 1

Related to Qualified Plan Benefits

  • 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.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Qualified Plans With respect to each Employee Benefit Plan intended to qualify under Code Section 401(a) or 403(a) (i) the Internal Revenue Service has issued a favorable determination letter, true and correct copies of which have been furnished to Medical Manager, that such plans are qualified and exempt from federal income taxes; (ii) no such determination letter has been revoked nor has revocation been threatened, nor has any amendment or other action or omission occurred with respect to any such plan since the date of its most recent determination letter or application therefor in any respect which would adversely affect its qualification or materially increase its costs; (iii) no such plan has been amended in a manner that would require security to be provided in accordance with Section 401(a)(29) of the Code; (iv) no reportable event (within the meaning of Section 4043 of ERISA) has occurred, other than one for which the 30-day notice requirement has been waived; (v) as of the Effective Date, the present value of all liabilities that would be "benefit liabilities" under Section 4001(a)(16) of ERISA if benefits described in Code Section 411(d)(6)(B) were included will not exceed the then current fair market value of the assets of such plan (determined using the actuarial assumptions used for the most recent actuarial valuation for such plan); (vi) all contributions to, and payments from and with respect to such plans, which may have been required to be made in accordance with such plans and, when applicable, Section 302 of ERISA or Section 412 of the Code, have been timely made; and (vii) all such contributions to the plans, and all payments under the plans (except those to be made from a trust qualified under Section 401(a) of the Code) and all payments with respect to the plans (including, without limitation, PBGC (as defined below) and insurance premiums) for any period ending before the Closing Date that are not yet, but will be, required to be made are properly accrued and reflected on the Current Balance Sheet.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • 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.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Supplemental Benefits The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Article 17.03.

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

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Accrued Benefits The term "Accrued Benefits" shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

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