Enhanced SERP definition

Enhanced SERP means the contractual supplemental executive retirement benefit described in Section 6.2.
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Examples of Enhanced SERP in a sentence

  • Notwithstanding anything to the contrary in the Plan, in the event that, under the terms of the Plan, the Enhanced SERP shall be payable in a lump sum, the amount of such lump sum shall be determined using a discount rate equal to 7%.

  • Enhanced SERP Obligations of ComEd. The Company and Genco shall be jointly and severally liable for the obligations of the Company or Genco hereunder.

  • The Company shall pay to the Beneficiary the Enhanced SERP pursuant to the terms of the SERP regarding form of payment as in effect from time to time.

  • Until the last day of the Severance Period, Executive shall accrue credited service under the Enhanced SERP.

  • Such amounts shall be payable monthly during the Determination Period commencing with the date elected by Executive for such commencement, and the Company shall deposit any Enhanced SERP amounts that would otherwise be paid in excess of such Marital Annuity monthly amounts in an escrow account established by the Company for this purpose, to be paid from the escrow to the Company upon the Determination, or to Executive if the Determination Period ends without a Determination.

  • The Enhanced SERP provided by this Section 5 shall be deemed in all respects to be provided under, and be part of, the Plan and to the extent the provisions of the Plan are inconsistent with the provisions of this Section 5, the provisions of this Section 5 shall govern and, as it affects Executive, the Plan shall be deemed amended accordingly.

  • If Executive’s employment terminates pursuant to Section 6(d) hereof, Executive shall not be entitled to the Enhanced SERP and Executive’s supplemental retirement benefit shall be governed by the terms of the Current SERP; provided, however, that the amount determined under Section 1.3(i) of the Plan shall in no event exceed $3,000,000.

  • The Company shall pay to Executive the Enhanced SERP pursuant to the terms of the SERP regarding form of payment as in effect from time to time.

  • At the end of the Severance Period, the Company shall pay to Executive the Enhanced SERP pursuant to the terms of the SERP regarding form of payment, calculated according to this Section 8.1(h) and the service credited to Executive pursuant to the provisions of Attachment B.

  • ComEd has acknowledged its continuing obligation to provide the Enhanced SERP benefits, to the extent not paid by the Company or Genco.

Related to Enhanced SERP

  • Enhanced Services means any service offered over Common Carrier transmission facilities that employ computer processing applications that act on the format, content, code, protocol or similar aspects of a subscriber's transmitted information; that provide the subscriber with additional, different or restructured information; or involve End User Customer interaction with stored information. "Enhanced 911" or "E911" shall have the meaning set forth in Section 10.3.1.

  • Enhanced Service Provider (ESP) means the provider of enhanced services, as those services are defined in 47 CFR Section 64.702.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Individual account program means the defined contribution individual account program of

  • Enhanced 911 Service (“E911”) means a telephone communication service which will automatically route a call dialed “9-1-1” to a designated public safety answering point (PSAP) attendant and will provide to the attendant the calling party’s telephone number and, when possible, the address from which the call is being placed and the Emergency Response agencies responsible for the location from which the call was dialed.