Suspension of Supplemental Pension Benefits Clause Samples

Suspension of Supplemental Pension Benefits. Payment of Supplemental Pension Benefits under this Plan to a retired Eligible Employee who is reemployed by the Company prior to age seventy (70) will be suspended on the first day of the month coinciding with or next following completion of 1,000 "hours of service" (as that term is defined in the Pension Plan) during a calendar year. The payment of a Supplemental Pension Benefit hereunder will resume on the earlier of the following dates: (a) first day of the month coinciding with or next following termination of employment; (b) first day of the month coinciding with or next following attainment of age seventy (70); (c) the July 1 coinciding with or next following a reduction in the Eligible Employee's work schedule such that the Eligible Employee will be credited with less than 1000 "hours of service" in a calendar year; or (d) as of the first of the month during which a reduction in the Eligible Employee's work schedule is such that payment of Pension Plan Benefits is mandated by law. At the time of resumption of payments to such Eligible Employee, his Supplemental Pension Benefit hereunder shall be recomputed, provided that the Company may, in its sole discretion, reduce the amount so computed in such manner as it determines to be necessary to avoid any duplication of benefits hereunder.