D&S Plan definition
Examples of D&S Plan in a sentence
The spouse or child of a deceased NWA disabled pilot is not a survivor or eligible survivor as those terms are defined in the D&S Plan.
This agreement, together with the DB Plan, the DS Plan, the SC Agreement, and the other Company benefit plans to the extent provided herein, contain all of the terms agreed upon by the parties with respect to the subject matter hereof and supersedes all prior agreements, representations and warranties of the parties as to the subject matter hereof.
The Company hereby confirms and agrees that in accordance with Section 8.3 of Article 8 of the DS Plan, and except as otherwise provided in Article IV thereof, the Company may not reduce, terminate or modify your DS Plan benefits in any manner without the prior written consent of you or your beneficiaries.
The appropriate election forms and other required documents will be provided to you in accordance with the terms of the DS Plan to ensure that benefits will be paid in accordance with your elections after the Retirement Date.
Your regular base salary of $446,500 less the $100,000 deferral made pursuant to the Rock of Ages Corporation Key Employees Salary Deferral Plan (the "DS Plan") for 2008, which you properly elected prior to December 31, 2007 to be deferred in full by September 30, 2008, and less all applicable withholdings including taxes, health care premiums and the like, will continue to be paid through September 30, 2008 in the same regular monthly installments as you are currently being paid.
Any cash incentive will be calculated based on 2008 salary paid up to the Retirement Date (less amounts deferred under the DS Plan).
The Company confirms that you properly elected, prior to December 31, 2007, the interest only option as set forth in section 6.1(a) of Article 6 of the DS Plan and also confirms in that same election you elected that the entire $100,000 maximum deferral for 2008 should be credited into your DS Plan account by September 30, 2008.
The Company and you agree to cooperate in good faith in an effort to comply with Section 409A of the Code including, if necessary, amending this agreement, the DS Plan and/or the SC Agreement based on further guidance issued by the Internal Revenue Service from time to time, provided that the Company shall not be required to assume any increased economic burden in connection with such amendment.
A former NWA pilot placed on the NWA seniority list after September 1, 2007 and receiving benefits from the D&S Plan or NWA LTD Plan will receive Company contributions to the DC Plan as specified in Section 26 W.