SERP Vesting Clause Samples
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SERP Vesting. The Company will accelerate the vesting of Executive's unvested balance in the Company's Supplemental Executive Retirement Plan (the "SERP") as of the Termination Date. Notwithstanding the terms and provisions of the SERP, all of Executive's SERP balance as of the Termination Date shall be fully vested on the day following the end of the revocation period described in Paragraph 15 below.
SERP Vesting. Employee became fully vested in his account under WRIT's Supplemental Executive Retirement Plan (the “SERP”) as of the Termination Date, which will be paid pursuant to the SERP.
SERP Vesting. The Company and Executive acknowledge that the SERP became fully vested prior to the Effective Date of the Agreement.
SERP Vesting. Also in exchange for the Consideration, the Employee shall be fully vested in the benefit under his Executive Supplemental Retirement Plan (SERP) upon the Separation Date. Said vesting of the Employee's SERP benefit shall not modify the timing, form and amount of Employee's SERP benefits.