Supplemental Executive Retirement Plans. With respect to the supplemental executive retirement plans maintained by the Company for the benefit of Xxxxxxx X. Xxxxx, Xxxxxx X. Xxxxxxxx and Xxxxxx X. Xxxx (collectively, the “SERPs”), the amounts credited to the Memorandum Accounts in the SERPs will be frozen as of the Effective Time, and assumed by Associated and handled in accordance with the individual employment contracts of the affected executives. To the extent the Company maintains or sponsors any nonqualified deferred compensation plan or arrangement prior to the Effective Time other than the SERPs, the Company shall terminate such plan or arrangement.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (State Financial Services Corp), Agreement and Plan of Merger (Associated Banc-Corp), Agreement and Plan of Merger (Associated Banc-Corp)
