Vested Benefits Sample Clauses
Vested Benefits. In addition to the payments and benefits set forth in this Section 4.02, amounts which are vested benefits or which Employee is otherwise entitled to receive under any plan, program, policy or practice (with the exception of those relating to severance, if any) on the date of termination, shall be payable in accordance with such plan, policy, practice or agreement.
Vested Benefits. Following the Executive’s termination of employment under Section 3.01(a), (b), (c), (d), or (e) he shall be entitled to payment or distribution of such vested Benefits, if any, as to which the Executive may be entitled under the Benefit Plans pursuant to the terms of the applicable plans then in effect. Notwithstanding the foregoing, nothing in this Agreement shall provide accelerated or enhanced vesting beyond the terms, conditions and provisions set forth in the Benefit Plans. With respect to entitlement to vested Benefits, in the event of conflict between this Agreement and the Benefit Plans, the Benefit Plans shall control.
Vested Benefits. This Agreement shall not limit or in any way affect any benefits which Xxxxx may be entitled to receive under any benefits in which Xxxxx has a vested interest as of the date of this Agreement.
Vested Benefits. All annual leave, sick leave, sabbatical leave, compensatory and Cumulative Absence Reserve time balances to the credit of an Education Administrator as of March 31, 1979 shall remain to the employee’s credit. Such balances may be used in accordance with leave regulations and to the extent not used are applicable toward terminal leave, leave in lieu of sabbatical and/or separation or termination from employment.
Vested Benefits. Nothing in this Agreement shall limit Employee's rights, if any, to vested and accrued benefits under the following plans, as such plans may be amended or terminated by the Company from time to time:
a. The FINOVA Group Inc. Pension Plan, the Supplemental Executive Retirement Plan or any other supplemental or other retirement plan. b. The FINOVA Group Inc. Savings Plan (401(k) plan), including the former Employee Stock Ownership Plan (ESOP).
c. The FINOVA Group Inc. 1992 Stock Incentive Plan, and all outstanding stock option, restricted stock and stock appreciation rights issued thereunder. Employee may exercise rights and obtain payments and benefits pursuant to those plans, as they may be amended from time to time. Nothing in this Agreement, however, shall modify or amend any provisions of those plans or create rights of Employee to participate in those plans or to receive any benefits thereunder, other than those to which Employee is otherwise entitled to receive.
Vested Benefits. Nothing herein shall deprive Employee of any vested benefits that Employee has in the Jacobs' Section 401(k) or other employee benefit plan. Employee cannot withdraw or transfer funds in the 401(k) plan until after the Retirement Date, except as may be otherwise permitted under the terms of that plan.
Vested Benefits. Executive shall be entitled to receive any vested benefits in accordance with the terms of the applicable plan or program and applicable law; and
Vested Benefits. Company shall provide the vested benefits to which Executive is entitled, if any, as a result of the termination of his employment under the employee benefit plans and arrangements of Company described in Sections 4(a) and 4(c) through 4(f) of the Employment Agreement, subject to applicable withholding. For the avoidance of doubt, the Parties agree that these benefits consist solely of the following: (i) Non-Qualified Deferred Compensation Plan Account Balance of $485,860.81, to be distributed in ten (10) annual installments in accordance with the timing required by the terms of the Non-Qualified Deferred Compensation Plan and Code Section 409A; and (ii) Executive Disability Coverage paid through May 26, 2017.
Vested Benefits. This Agreement shall not limit or in any way affect any benefits which Xxxxxxxxxx may be entitled to receive under FNB's pension plan or any other benefits in which Xxxxxxxxxx has a vested interest as of the date of this Agreement.
Vested Benefits. A Participant who becomes an Inactive Participant before retirement or death will be entitled to one of the following vested benefits. Any distribution of vested benefits shall be a retirement benefit and shall be subject to the distribution of benefits provisions of Article VI and the small amounts provisions of the Small Amounts Section of Article IX.
(a) An amount equal to the greater of (1) or (2) below:
(1) The amount of deferred monthly retirement benefit under the Prior Plan, accrued as of January 1, 1987.
(2) A deferred monthly retirement benefit on the Normal Form to begin on his Normal Retirement Date. The deferred retirement benefit will be equal to the product of (i) and (ii):
(i) The Participant’s Accrued Benefit on the day before he became an Inactive Participant.
(ii) The Participant’s Vesting Percentage on the date he ceases to be an Employee.
(b) A deferred monthly retirement benefit on the Normal Form to begin on his Early Retirement Date. The deferred retirement benefit shall be equal to the amount under (a) above multiplied by the applicable early retirement factor in the Amount Of Benefit At Retirement Section of Article IV.
(c) A deferred monthly retirement benefit on the Normal Form to begin on his Late Retirement Date. The deferred retirement benefit shall be as follows:
(1) For a Participant who became an Inactive Participant on or before his Normal Retirement Date, an amount equal to the amount under (a) above multiplied by the late retirement factor in the Amount Of Benefit At Retirement Section of Article IV which corresponds to the number of years his Late Retirement Date follows his Normal Retirement Date.
(2) For a Participant who became an Inactive Participant after his Normal Retirement Date, an amount equal to the greater of (i) or (ii) below:
(i) An amount equal to his Accrued Benefit on the day before the date he became an Inactive Participant.
(ii) His Accrued Benefit on his Normal Retirement Date multiplied by the late retirement factor in the Amount Of Benefit At Retirement Section of Article IV which corresponds to the number of years his Late Retirement Date follows his Normal Retirement Date. The deferred retirement benefit for the Participant on his Retirement Date shall not be less than the monthly benefit which is the Actuarial Equivalent of his Required Contribution Account on such date. The amount of payment under any form (other than the Normal Form) shall be determined as provided under the Optional Forms Of...