Supplemental Savings Plan Sample Clauses

Supplemental Savings Plan. Effective January 1, 2019, the Company established The Boeing Company Supplemental Savings Plan (“SSP”), which is an unfunded “excess benefit plan” solely for the purposes of providing benefits that would have been provided under the VIP but for the limitations of Internal Revenue Code §415(c). The eligibility requirements, amount of benefits, time and form of benefit distribution and administrative provisions of the SSP mirror the provisions of the former Supplemental Benefit Plan for Employees of The Boeing Company that provided for benefits in excess of the limitations of Internal Revenue Code §415(c) in all material respects. The Company reserves the right to unilaterally establish, alter, amend, and/or modify any or all terms of the SSP as it deems necessary to comply with all applicable laws and regulations, at its sole discretion without further discussion or negotiation with the Union. All terms and conditions of the SSP, as may be so established, amended or modified, will apply to employees covered by this Agreement. The Union understands that the SSP is a non-qualified deferred compensation plan under the Internal Revenue Code, and as such, employees who elect to participate in the SSP will be subject to special restrictions and election rules with respect to the VIP (including, but not limited to, restrictions on changing deferral elections during a plan year and electing to defer Employee Incentive Plan payments), in addition to restrictions on elections under and distributions from the SSP. The Company reserves the right to unilaterally alter, amend, and/or modify any or all terms of the VIP as it deems necessary to cause the SSP to comply with the Internal Revenue Code, but no such alteration, amendment or modification deemed necessary by the Company to comply with the IRC shall impact individuals who do not enroll in the SSP. Nothing under the SSP will be subject to the grievance and arbitration procedure of Article 3.
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Supplemental Savings Plan. Effective no later than the Spinco Distribution Date, Remainco shall transfer the Warner Media Employee Supplemental Savings Plan (the “WM Supplemental Savings Plan”) to Spinco and Spinco shall assume all Liabilities therefor, including Liabilities associated with the accounts of each Spinco Participant under the WM Supplemental Savings Plan. Each Spinco Participant who immediately prior to the Spinco Distribution Date was a participant in, or entitled to future benefits under, the WM Supplemental Savings Plan shall continue to have such rights, privileges and obligations under the WM Supplemental Savings Plan as is provided thereunder following the Spinco Distribution Date.
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Supplemental Savings Plan. The deadline for returning this agreement is March 31, 2021. If you have any ques- tions regarding the completion of the form, contact Employer Services at xxxxxxxxx@xxxxx.xxx or (000) 000-0000. TEACHERS’ RETIREMENT SYSTEM 0000 Xxxx Xxxxxxxxxx P.O. Box 19253 Springfield, Illinois 62794-9253 OF THE STATE OF ILLINOIS (000) 000-0000 xxxxxxxxx@xxxxx.xxx
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Supplemental Savings Plan. The Executive shall cease to be a Participant in the Chemtura Corporation Employee Savings Plan (the "401(k) Plan") and the Chemtura Corporation Supplemental Savings Plan (the "SSP") as of the Separation Date. In addition, the Company shall fully vest any unvested portion of the Executive's account balance in the SSP account as of the Separation Date. At the Executive's direction and in accordance with the terms of the applicable Plan, the Company will following the Separation Date cause the 401(k) Plan to distribute an amount equal to the then-vested balance in the Executive's 401(k) Plan account. Such amount will be paid to the Executive or to a qualified rollover account as the Executive shall elect. In addition, in accordance with the Executive's prior election and otherwise in accordance with the terms of the SSP, the Company will cause the SSP to pay to the Executive the balance in the Executive's SSP Account, after withholding such amount as is required to satisfy tax withholding requirements. A statement of the Executive's benefits under these Plans shall be provided to the Executive separately. (e)
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Supplemental Savings Plan. The Executive’s account balance under the Company’s Supplemental Savings Plan shall be paid in a lump sum on the on the first business day of the seventh month following the Termination Date.
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Supplemental Savings Plan. Annual Incentive Compensation Plan for Key Corporate Executives and Key Affiliate Executives Long-Term Incentive Compensation Plan Excess Benefit Plan Supplemental Retirement Plan Executive Employment Agreements Management Continuity Agreements 1987 Stock Option Plan Stock Compensation Plan SCHEDULE B For purposes of determining the Target Funding Amount and the Maximum Funding Amount as of any given date, the Consulting Firm shall use the following assumptions:
Sample 1
Supplemental Savings Plan. Notwithstanding any provision to the contrary in the Company's Supplemental Savings Plan, in the event that the Executive's employment is terminated by the Company at any time after the Effective Date or there is a Change in Control, all accrued benefits under the Supplemental Savings Plan shall be paid to the Executive in a lump sum as soon as practicable after the Date of Termination or the date of the Change in Control, as applicable. Except as provided in the foregoing sentence, the terms of the Supplemental Savings Plan and the Executive's elections under such plan (if any) shall govern with respect to all other terminations of employment. This Section 2(b)(vi) shall survive the expiration of the Employment Period.
Sample 1
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Supplemental Savings Plan. Effective January 1, 2019, the Company 32 established The Boeing Company Supplemental Savings Plan (“SSP”), which is an unfunded 33 “excess benefit plan” solely for the purposes of providing benefits that would have been 34 provided under the VIP but for the limitations of Internal Revenue Code §415(c). The eligibility 35 requirements, amount of benefits, time and form of benefit distribution and administrative 36 provisions of the SSP will mirror the provisions of the former Supplemental Benefit Plan for 37 Employees of The Boeing Company that provided for benefits in excess of the limitations 38 of Internal Revenue Code §415(c) in all material respects. The Company reserves the right 39 to unilaterally establish, alter, amend, and/or modify any or all terms of the SSP as it deems 40 necessary to comply with all applicable laws and regulations, at its sole discretion without 41 further discussion or negotiation with the Union. All terms and conditions of the SSP, as may 42 be so established, amended or modified, will apply to employees covered by this Agreement.
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Supplemental Savings Plan 
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Related to Supplemental Savings Plan

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Savings Plans Employee shall be entitled to participate in Employer’s 401(k) plan, or other retirement or savings plans as are made available to Employer’s other executives and officers and on the same terms which are available to Employer’s other executives and officers.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • SERP Executive is a participant in the BB&T Corporation Non-Qualified Defined Benefit Plan (the “SERP”). The SERP was formerly known as the Branch Banking and Trust Company Supplemental Executive Retirement Plan. The SERP is a non-qualified, unfunded supplemental retirement plan which provides benefits to or on behalf of selected key management employees. The benefits provided under the SERP supplement the retirement and survivor benefits payable from the Pension Plan. Except in the event the employment of Executive is terminated by the Employer or BB&T for Just Cause and except in the event Executive terminates Executive’s employment for any reason other than Good Reason and such termination does not occur within twelve (12) months after a Change of Control (or, if later, within ninety (90) days after a MOE Revocation), the following special provisions shall apply for purposes of this Agreement:

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • Compensation Plan The Compensation Plan adopted by the City Council shall provide for salary schedules, rates, ranges, steps and any other special circumstances or items related to the total compensation paid employees. Each position within the classified services shall be allocated to its appropriate class in the classification plan on the basis of duties and responsibilities. Each class shall be assigned a salary range or a rate established in the salary plan. All persons entering the classified service shall be compensated in accordance with the salary plan then in effect.

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