SERP Contribution Sample Clauses
The SERP Contribution clause outlines the obligations of an employer or employee to make contributions to a Supplemental Executive Retirement Plan (SERP). Typically, this clause specifies the amount, frequency, and method of contributions, and may detail eligibility requirements or vesting schedules for participants. By clearly defining how and when contributions are made, the clause ensures that retirement benefits are properly funded and managed, providing financial security for executives and helping employers attract and retain key talent.
SERP Contribution. During the Term, the Company's annual contributions to the Executive's accounts under the Company's Supplemental Executive Retirement Plan (together with any successor plan, the "SERP") shall be determined annually by the Compensation Committee of the Board of Directors
SERP Contribution. The Executive shall be entitled to his SERP contribution earned or accrued but unpaid through the date of termination. Anything in this Agreement to the contrary notwithstanding, if the Executive’s employment with the Company is terminated other than for Cause prior to the date on which a Trigger Event occurs, and it is reasonably demonstrated that such termination (i) was at the request of a third party who has taken steps reasonably calculated to effect a Trigger Event or (ii) otherwise arose in connection with or anticipation of a Trigger Event then for all purposes of this Agreement the date of the Trigger Event shall mean the date immediately prior to the date of such termination.
SERP Contribution. The Executive shall be entitled to his SERP contribution earned or accrued but unpaid through the date of termination.
SERP Contribution. The sum of $600,0▇▇ ▇▇all be contributed to Officer's Deferred Compensation Account in the Halliburton Company Senior Executives' Deferred Compensation Plan (the "SERP") as of the end of the 1996 allocation year. Upon approval of the administrative committee appointed to administer the SERP, Officer shall receive the amounts in the accounts under the SERP in monthly installments over a period of ten years with such payments to commence in accordance with the terms of the SERP. Thereafter, the terms and conditions of the SERP shall govern Officer's rights and obligations with respect to all amounts in the SERP.
SERP Contribution. Employee will receive a contribution under the Bank’s Supplemental Executive Retirement Plan (“SERP”) for 2024 equal to 20% of Employee’s $350,000 base .salary, subject to the terms and conditions of the SERP.
SERP Contribution. The sum of $600,0▇▇ ▇▇all be contributed to Officer's Deferred Compensation Account in the Halliburton Company Senior Executives' Deferred Compensation Plan (the "SERP") as of the end of the 1996 allocation year. Upon approval of the administrative committee appointed to administer the SERP, Officer shall receive the amounts in the accounts under the SERP in monthly installments over a period of ten years with such payments to commence in accordance with the terms of the SERP. Thereafter, the terms and conditions of the SERP shall govern Officer's rights and obligations with respect to all amounts in the SERP.