Common use of Retirement Programs Clause in Contracts

Retirement Programs. In the event of a Termination as a result of a Change in Control, Executive shall continue to accumulate benefit service as an employee for purposes of the Company's Cash Balance Pension Plan, 401(k) Plan, and the Supplemental Executive Retirement Plan through October 31, 1998.

Appears in 1 contract

Sources: Transaction Agreement (Acordia Inc /De/)

Retirement Programs. In the event of a Termination as a result of a Change in Control, Executive shall continue to accumulate benefit service as an employee for purposes of the Company's Cash Balance Pension Plan, 4 5 401(k) Plan, and the Supplemental Executive Retirement Plan through October 31, 1998.

Appears in 1 contract

Sources: Transaction Agreement (Acordia Inc /De/)

Retirement Programs. In the event of a Termination as a result of a Change in Control, Executive shall continue to accumulate benefit service as an employee for purposes of under the Company's Cash Balance Pension Plan, 401(k) Plan, and the Supplemental Executive Retirement Plan through October 31, 1998shall continue for a period of 12 months from the date of Termination as a result of Change in Control.

Appears in 1 contract

Sources: Transaction Agreement (Acordia Inc /De/)

Retirement Programs. In the event of a Termination as a result of a Change in Control, Executive shall continue to accumulate benefit service as an employee for purposes of the Company's Cash Balance Pension Plan, 401(k) Plan, and the Supplemental Executive Retirement Plan through October January 31, 19982000.

Appears in 1 contract

Sources: Transaction Agreement (Acordia Inc /De/)