Unfunded Deferred Compensation. On the Effective Date of a Change of Control, Executive shall become fully vested in all benefits previously accrued under any deferred compensation Plan (including any SERP) that is not qualified under Section 401(a) of the Code (a "Non-Qualified Plan"). Within thirty (30) business days after any such Effective Date, as applicable, the Company shall pay to Executive a lump-sum cash amount equal to:
Unfunded Deferred Compensation. Unfunded obligations of GenCorp as of the Closing Time to pay deferred compensation and retirement income under its Benefits Restoration Plan, Deferred Bonus Plan, Non-Employee Directors Retirement and Deferred Compensation Plans, 1996 Supplemental Retirement Plan for Management Employees, individual employment agreements, and other miscellaneous plans related to discontinued operations, including such additional amounts as may be attributable to earnings growth after the Closing Time in accordance with the terms of the specific plan or agreement.
Unfunded Deferred Compensation. (a) Subject to legal requirements for employee acquiescence, GenCorp's legal obligation to pay Unfunded Deferred Compensation for: (1) all active employees transferred to OMNOVA, (2) all retired employees who terminated employment from business locations of OMNOVA which are active as of the Closing Time, and (3) all GenCorp directors resigning to become members of the OMNOVA Board will be assumed by OMNOVA.
Unfunded Deferred Compensation. On the Effective Date, Executive shall become fully vested in all benefits previously accrued under any deferred compensation Plan (including any SERP and defined contribution excess plan) that is not qualified under Section 401(a) of the Code. Such benefits shall be paid to the Executive in accordance with the distribution provisions of the applicable Plan and any elections as to the form and time of distributions made by Executive in accordance with the terms of such Plan (or, if no such elections shall be effective, pursuant to the default distribution provisions of the applicable Plan).
Unfunded Deferred Compensation. On the Effective Date of a Change of Control that is not a Merger of Equals or, if applicable, on a Merger of Equals Cessation Date, Executive shall become fully vested in all benefits previously accrued under any deferred compensation Plan (including a SERP) that is not qualified under Section 401(a) of the Code (a "Non-Qualified Plan"). Within five business days after (i) any such Effective Date of a Change of Control that is not a Merger of Equals or (ii) such Merger of Equals Cessation Date, as applicable, the Company shall pay to Executive a lump-sum cash amount equal to:
Unfunded Deferred Compensation. 13 2.5 Pro-rata Annual Bonus ........................................................ 13 2.6 Pro-rata LTIP Bonus .......................................................... 14
Unfunded Deferred Compensation. (a) Change of Control that is not a Merger of Equals. On the Effective Date, except as provided in Section 2.4(b) or (c) below, Executive shall become fully vested in all benefits previously accrued under any deferred compensation Plan (including a SERP and defined contribution excess plan) that is not qualified under Section 401(a) of the Code. To the extent not so provided under such non-qualified Plan, within ten business days after the Effective Date, the Company shall pay or cause to be paid to Executive a lump-sum cash amount equal to:
Unfunded Deferred Compensation. In addition to the Base Salary, the Employer shall accrue on December 31st of each year of the Employment Period hereunder, an amount equal to 15% of the Base Salary paid to Employee during such year and shall credit that sum to a special account on its books (hereinafter referred to as the “Deferral Account”). The amount credited to Employee’s Deferral Account pursuant to the Prior Agreement is hereby deemed to be included in, and credited to, the Deferral Account established pursuant to this Agreement. In addition, the Employer shall accrue and credit to the Deferral Account on December 31st of each year an amount equal to 8% of the amount credited to Employee’s Deferral Account at the end of the preceding December 31st (after giving effect to the accruals described above for that date), and such amount shall continue to be credited to such Deferral Account until all accrued amounts in such Deferral Account have been paid to Employee in full in accordance with the provisions of this Section 2(b). The Employer hereby acknowledges that, as of January 1, 2008, the amount credited to Employee’s Deferral Account pursuant to the Prior Agreement was $2,147,856.94.
Unfunded Deferred Compensation. 55 10.7 Separation Pay................................................55 10.8 Collective Bargaining Agreements..............................55
Unfunded Deferred Compensation. (a) Subject to legal requirements for employee acquiescence, as of the effective time of the Closing, the Purchaser shall assume any and all obligations of the Seller to pay any and all unfunded deferred compensation as set forth on SCHEDULE 10.6 for all Transferring Employees, provided such benefits are adequately reflected on the Balance Sheet.
