DC SERP definition
Examples of DC SERP in a sentence
The death benefit under the Associated DC SERP (and the balance maintained in or transferred from the SFS SERP) is equal to the account balance.
Executive acknowledges and agrees that the Bank shall have complete and total discretion with respect to if, when and how the Bank will integrate the SFS SERP benefits with the Associated DC SERP benefits and what steps shall be taken with respect to either plan.
The Bank shall also have the right to modify or amend any part of the SFS SERP or the Associated DC SERP as necessary to comply with Internal Revenue Code section 409A or related guidance.
Employee also understands and agrees that while he or she is eligible to receive awards under the EICP and/or amounts under the DB SERP and/or DC SERP, the granting of any such awards and/or receipt of amounts under such awards or plans is subject to the terms and conditions of the awards, EICP and such plans, and that nothing set forth herein shall be deemed to guarantee to Employee any specific amount of awards or compensation will be made to or earned by Employee.
Employee currently serves or is being hired or promoted to serve Hershey and has received and/or is eligible to receive current and future Options, RSU and/or PSU (as defined below) awards under the Long Term Incentive Program of the EICP or any similar or successor plan and/or is currently a participant in, or may become a participant in, the DB SERP and/or DC SERP (as defined below).
Employee acknowledges that he is receiving benefits under the terms of this Agreement that he would not otherwise be entitled to under his existing agreements with the Company, including but not limited to the Equity Incentive Agreements and DC SERP.
Effective as of immediately prior to the Effective Time, the Revelyst Group shall assume all Liabilities attributable to the Revelyst Employees under the Vista Outdoor DC SERP.
Your participation in the Corporation’s DB SERP for Management Committee Members of Domtar, DC SERP for Designated Executives of Domtar and the 401(k) Plan will terminate on the Separation Date.
Effective as of the Distribution Date, the Outdoor Products Group shall assume all Liabilities attributable to the Outdoor Products Employees under the Vista Outdoor DC SERP.
Pursuant to the 2010 DC SERP, the Executive will be entitled to a lump sum payment in accordance with the plan text (two instalments).