Benefit Restoration Plan definition
Examples of Benefit Restoration Plan in a sentence
During the Employment Period, the Executive shall be entitled to participate in all incentive, savings, retirement, deferral (including the plans described in Section 6(a)(v) below), and nonqualified supplemental pension (including the Benefit Restoration Plan) plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies.
For purposes of this Agreement, the term Retire or Retirement means termination when the Participant is eligible for early, normal or delayed retirement as defined in the Dominion Pension Plan, or would be eligible if any crediting of deemed additional years of age and/or service applicable to the Participant under the Company’s Benefit Restoration Plan or New Benefit Restoration Plan were applied under the Pension Plan, as in effect at the time of the determination.
Effective as of the date of establishment of the Spinco Restoration Plan, the obligations and liabilities with respect to Spinco Employees under the Benefit Restoration Plan shall be transferred to and assumed by the Spinco Restoration Plan.
During the Employment Period, the Executive shall be entitled to participate in the Lawyers Title Insurance Corporation 1995 Benefit Restoration Plan, as such plan may be amended from time to time, to the extent applicable generally to other peer executives of the Company and its affiliated companies.
After the IPO Closing Date, KBR shall continue to be a Participating Company in the Halliburton Company 2002 Employee Stock Purchase Plan, the Halliburton Company 2002 Non-Qualified Stock Purchase Plan, the Halliburton Company UK Employee Share Purchase Plan, the Halliburton Elective Deferral Plan, the Halliburton Company Supplemental Executive Retirement Plan, the Halliburton Company Benefit Restoration Plan, the Halliburton Group Canada Inc.
Benefits that are not paid from the Pension Plan may be paid from the Levi ▇▇▇▇▇▇▇ & Co. Supplemental Benefit Restoration Plan (the "Supplemental BRP") and the Levi ▇▇▇▇▇▇▇ & Co. Excess Benefit Restoration Plan (the "Excess BRP").
For purposes of this Agreement, the term Retire or Retirement means termination when the Participant is eligible for early, normal or delayed retirement as defined in the Dominion Pension Plan, or would be eligible if any crediting of deemed additional years of age or service applicable to the Participant under the Company’s Benefit Restoration Plan or New Benefit Restoration Plan were applied under the Pension Plan, as in effect at the time of the determination.
For purposes of this Section 5.03(a), the Liabilities under the REI Benefit Restoration Plan include any supplemental pension benefits provided under an employment, severance or supplemental pension agreement with (i) an employee of any member of the Resources Group and (ii) any person who has the status of a retiree under the REI Benefit Restoration Plan as of the Distribution Date.
Prior to the Distribution Date, Spinco shall establish, or cause to be established, a plan for Spinco Employees, the provisions of which shall be substantially identical to the provisions of the Benefit Restoration Plan (the “Spinco Restoration Plan”).
These plans include, without limitation, the TriMas Corporation Pension Plan, the TriMas Corporation Future Service Profit Sharing Plan, the TriMas Corporation Salaried Savings Plan, the TriMas Corporation Retirement Benefit Restoration Plan and the TriMas Corporation Supplemental Executive Retirement and Disability Plan.