Common use of Supplemental Benefit Clause in Contracts

Supplemental Benefit. (a) Subject to the following provisions of this Article III and Section 7.1, if the Officer remains a full-time employee, remains an Eligible Officer until his or her Normal Retirement Date, and subsequently Retires, the Officer shall receive a Supplemental Benefit equal to 60% of the Officer’s Final Average Earnings, reduced by the sum of the monthly benefits payable to the Officer from all of the Pension Plans.

Appears in 2 contracts

Samples: Supplemental Retirement Plan Agreement (Alliant Energy Corp), Supplemental Retirement Plan Agreement (Alliant Energy Corp)

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Supplemental Benefit. (a) Subject to the following provisions of this Article III and Section 7.1III, if the Officer remains a full-time employee, employee and remains an Eligible Officer a Company officer until his or her Normal Retirement Date, and subsequently Retires, the Officer shall receive a Supplemental Benefit equal to 60% of the Officer’s Final Average Earnings, reduced by the sum of the monthly benefits payable to the Officer from all of the Pension Plans.of:

Appears in 2 contracts

Samples: Supplemental Retirement Plan Agreement (Alliant Energy Corp), Supplemental Retirement Plan Agreement (Interstate Power & Light Co)

Supplemental Benefit. (a) Subject to the following provisions of this Article III and Section 7.1III, if the Officer remains a full-time employee, employee and remains an Eligible Officer until his or her Normal Retirement Date, and subsequently Retires, the Officer shall receive a Supplemental Benefit equal to 60% of the Officer’s Final Average Earnings, reduced by the sum of the monthly benefits payable to the Officer from all of the Pension Plans.of:

Appears in 1 contract

Samples: Supplemental Retirement Plan Agreement (Alliant Energy Corp)

Supplemental Benefit. (a) Subject to the following provisions of this Article III and Section 7.1III, if the Officer remains a full-time employee, has five or more years of Continuous Employement as an Officer, and remains an Eligible Officer of the Company until his or her Normal Retirement Date, and subsequently Retires, the Officer shall receive a Supplemental Benefit equal to 6050% of the Officer’s 's Final Average Earnings, reduced by the sum of the monthly benefits payable to the Officer from all of the Pension Plans.of:

Appears in 1 contract

Samples: Supplemental Retirement Agreement (Wisconsin Power & Light Co)

Supplemental Benefit. (a) Subject to the following provisions of this Article III and Section 7.1III, if the Officer remains a full-time employee, remains employee and an Eligible Officer of the Company until his or her Normal Retirement Date, and subsequently Retires, the Officer shall receive a Supplemental Benefit equal to 60% of the Officer’s 's Final Average Earnings, reduced by the sum of the monthly benefits payable to the Officer from all of the Pension Plans.of:

Appears in 1 contract

Samples: Supplemental Retirement Agreement (Wisconsin Power & Light Co)

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Supplemental Benefit. (a) Subject to the following provisions of this Article III and Section 7.1III, if the Officer has five or more years of Continuous SRP Employment, remains a full-time employee, and remains an Eligible Officer a Company officer until his or her Normal Retirement Date, and subsequently Retires, the Officer shall receive a Supplemental Benefit equal to 6050% of the Officer’s Final Average Earnings, reduced by the sum of the monthly benefits payable to the Officer from all of the Pension Plans.of:

Appears in 1 contract

Samples: Supplemental Retirement Plan Agreement (Alliant Energy Corp)

Supplemental Benefit. (a) Subject to the following provisions of this Article III and Section 7.1III, if the Officer remains a full-time employee, remains employee and an Eligible Officer eligible officer of the Company until his or her Normal Retirement Date, and subsequently Retires, the Officer shall receive a Supplemental Benefit equal to 60% of the Officer’s 's Final Average Earnings, reduced by the sum of the monthly benefits payable to the Officer from all of the Pension Plans.of:

Appears in 1 contract

Samples: Supplemental Retirement Agreement (Wisconsin Power & Light Co)

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