Special Retirement Benefits. The Executive shall receive special retirement benefits as provided below, so that the total retirement benefits that the Executive receives will equal the retirement benefits that the Executive would have received under the Maui Land & Pineapple Company, Inc. Pension Plan for Non-Bargaining Unit Employees ("Retirement Plan"), Supplemental Executive Retirement Plan, and Executive Supplemental Insurance Plan/Executive Deferred Compensation Plan (collectively, "Plans"), under the terms thereof that existed ninety (90) days prior to the Change in Control, had the Executive continued in the employ of ML&P and its Subsidiaries for three (3) years following the Executive's Effective Date of Termination (or until his Normal Retirement Date, whichever is earlier) but without regard to any ancillary benefits. The amount of special retirement benefits payable hereunder to the Executive or his beneficiaries shall equal the excess of the amount specified in (a) over the amount specified in (b) below.
Special Retirement Benefits. The Executive shall receive special retirement benefits as provided below, so that the total retirement benefits that the Executive receives will equal the retirement benefits that the Executive would have received under the Maui Land & Pineapple Company, Inc. Pension Plan for Non-Bargaining Unit Employees ("Retirement Plan"), Maui Land & Pineapple Company, Inc. Supplemental Executive Retirement Plan, and the Maui Land & Pineapple Company, Inc. Executive Supplemental Insurance Plan/Executive Deferred Compensation Plan (collectively, "Plans"), or any successor Plans or arrangements to such Plans, had the Executive continued in the employ of ML&P and its Subsidiaries for three (3) years following the Executive's Effective Date of Termination (or until his Normal Retirement Date, whichever is earlier) but without regard to any ancillary benefits. The amount of special retirement benefits payable hereunder to the Executive or his beneficiaries shall equal the excess of the amount specified in (a) over the amount specified in (b) below.
Special Retirement Benefits. If Dorman's employment with xxx Xxxporations shall be terminated either by Dorman pursuant to the pxxxxxxons of Section 4.1C or by the Corporations or either of them without "cause", Dorman shall be entitled xx xxceive "Special Retirement Benefits" from the Corporations so that the total retirement benefits Dorman receives from the Xxxxxrations will approximate the total retirement benefits Dorman would have receivxx xxxer all qualified retirement plans (which shall not include severance plans) of the Corporations in which Dorman participates were Xxxxxn fully vested undex xxxx qualified retirement plans as if Dorman had continued in xxx xxploy of the Corporations for at least sixty (60) consecutive months in the absence of early termination or until his retirement. The benefits specified in this Section 6.2 will include all ancillary benefits, such as early retirement and survivor rights and benefits available at retirement. The amount payable to Dorman or his beneficiarx(x) xnder this Section 6.2 shall equal the excess of (1) the benefits that would be paid to Dorman or his beneficiarxxx, xnder all retirement plans of the Corporations in which Dorman participates if Dxxxxx were fully vested xxxxx such plans or (2) the benefits that are payable to Dorman or his beneficiarxxx xxder all retirement plans of the Corporations in which Dorman participates. Thxxx Xxecial Retirement Benefits are provided on an unfunded basis, are not intended to meet the qualification requirements of Section 401 of the Internal Revenue Code and shall be payable solely from the general assets of the Corporations. These Special Retirement Benefits shall be payable at the times and in the manner provided in the applicable retirement plans to which they relate.
Special Retirement Benefits. Xx. Xxxxx or his beneficiaries shall be paid special retirement benefits under the MoneyGram Supplemental Pension Plan (“SERP”) as and when Xx. Xxxxx or such beneficiaries become entitled to benefits under the SERP, equal to the excess of (i) the retirement benefits that would be payable to Xx. Xxxxx or such beneficiaries under the SERP if Xx. Xxxxx’x employment had continued through March 24, 2011 (the “Severance Period”), assuming all of his accrued benefits under the SERP (including those attributable to the Severance Period) were fully vested, and his final average compensation was equal to the Deemed Final Average Compensation (as defined in the Severance Plan) over (ii) the total benefits actually payable to Xx. Xxxxx or his beneficiaries under the SERP. All such benefits will be payable pursuant to the terms and conditions of the SERP, and no additional enhancements will be made to Xx. Xxxxx’x SERP benefits under the terms of the SERP or otherwise;
Special Retirement Benefits. Executive will be eligible to receive “Special Retirement Benefits” so that the total retirement benefits he receives will approximate the retirement benefits he would have received had he continued in the employ of the Corporation for three (3) years following his Separation from Service (or until the date he will attain age sixty-five (65), whichever is earlier). These benefits will include all ancillary benefits, such as early retirement, supplemental retirement and survivor rights and benefits available at retirement. If Executive’s credited service with the Corporation plus three (3) years would result in vested benefits and/or eligibility for ancillary benefits under the Corporation’s pension plans, the amount payable to the Executive or his beneficiaries shall equal the excess of the amount specified in paragraph (i) over that in (ii) below:
Special Retirement Benefits. Executive and his surviving spouse will receive the supplemental retirement benefit in accordance with Section 7 above.
Special Retirement Benefits. The Executive shall receive "Special Retirement Benefits" as provided in this Paragraph 2B, so that the total retirement benefits received will equal the retirement benefits which would have been received had employment continued for three years following Termination. Special Retirement Benefits shall be paid when and as the underlying retirement benefits are paid. In addition to Special Retirement Benefits, the Executive shall receive all other benefits which would have been received had employment continued for three years following Termination, including, without limitation, all ancillary benefits, such as early retirement and survivor rights and benefits available at retirement, including hospital, medical-surgical, major medical, group life insurance and Executive Security Plan (if applicable), as well as benefits (if any) under the Goulds Pumps, Incorporated Pension Plan for Exempt Salaried Employees, the Supplemental Executive Retirement Plan, and any predecessor, successor, substitute or additional plan or plans of the Corporation. The amount of Special Retirement Benefits provided for in the first sentence of this Paragraph 2B and
Special Retirement Benefits. Executive and his surviving spouse will receive (A) the supplemental retirement benefit described in Section 8 and (B) the additional retirement benefits described in Section 9 above, commencing on the earlier of the Agreed Retirement Date or Executive's death.
Special Retirement Benefits. In addition to any other benefits the Executive may be legally entitled by contract or pursuant to any plan, program or arrangement, the Executive will be eligible to receive “Special Retirement Benefits” as provided herein, on a monthly basis, so that the total retirement benefit the Executive receives from the Company and its Subsidiaries will equal the total retirement benefit the Executive would have received under The Empire District Electric Company Employees’ Retirement Plan (or any successor plan) (the “Retirement Plan”) and The Empire District Electric Company Supplemental Executive Retirement Plan (or any successor plan) (the “Supplemental Plan”) if the Executive had continued in the employ of the Company and its Subsidiaries for the period from the Executive’s Termination through the end of the Incremental Period and the Executive’s age were the age the Executive would have attained as of the last day of the Incremental Period. The benefits specified in this Subsection (b) will include all ancillary benefits under the Retirement Plan and Supplemental Plan, such as early retirement and surviving spouse death benefit rights and benefits available at retirement. The amount payable to the Executive or the Executive’s spouse hereunder shall equal the excess of:
Special Retirement Benefits. The Executive shall receive Special Retirement Benefits payable hereunder to the Executive or his beneficiaries equal to the excess of the amount specified in subsection (d)(i) over that in (d)(ii) below;
