Nonqualified pension plan definition

Nonqualified pension plan means any pension plan other than a qualified pension plan as defined in this part.
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Nonqualified pension plan means each pension plan adopted by CBI Holdings Inc., as such plan may be in effect from time to time, in which Executive is eligible to participate, but only to the extent such plan is designed to provide benefits which would otherwise be provided in the Qualified Pension Plan but for the limitations of the Code.
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Nonqualified pension plan means each pension plan adopted by the Company, as such plan may be in effect from time to time, in which Participant is eligible to participate, but only to the extent such plan is designed to provide benefits which would otherwise be provided in the Qualified Pension Plan but for the limitations of the Code.
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Examples of Nonqualified pension plan in a sentence

  • Such benefit shall be calculated, to the extent relevant, using the actuarial assumptions specified in the Nonqualified Pension Plan.

  • The payment under this Section 6(c)(vi) shall be paid within six months and two days of the Date of Termination, and shall be made in lieu of any and all payments otherwise due under the Nonqualified Pension Plan.

  • CBI shall pay Executive an amount equal to the lump sum which would have been payable under the Nonqualified Pension Plan had Executive (A) been completely vested in Executive’s full accrued benefit under the Nonqualified Pension Plan, (B) been eligible for normal retirement under the Nonqualified Pension Plan, and (C) retired as of the Date of Termination.

  • Any Other Nonqualified Pension Plan shall be paid solely in accordance with the terms and conditions of such Other Nonqualified Pension Plan and nothing in this Plan shall operate or be construed in any way to modify, amend or affect the terms and provisions of any Other Nonqualified Pension Plan.

  • Effective January 1, 2007, no new benefits accrue under the Non-qualified Pension Plan, but interest will continue to be credited on outstanding supplemental cash balance accounts; and the plan may continue to be used to credit special pension arrangements.

  • The Executive shall be entitled to receive the lump sum actuarial equivalent (determined in accordance with the Qwest Nonqualified Pension Plan) of the amount determined under the preceding provisions of this subparagraph as of the January 2nd following his termination of employment for any reason.

  • Nonqualified Pension Plan (collectively, the “NQRPs”), NRG and Xcel will determine prior to the Effective Date the proportion of the obligations owing thereunder as of the Effective Date to individuals employed by NRG or any NRG Subsidiary as of the date hereof (“NRG NQRP Participants”) that is legally allocable to Xcel by virtue of the NRG NQRP Participants’ prior service with Xcel and/or Northern States Power Company (the “Xcel NQRP Amount”).

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  • Supplemental Non-qualified Pension Plan - The Company sponsors a supplemental non-qualified pension plan that provides certain officers with defined pension benefits in excess of those provided in the qualified plan.

  • Nonqualified Pension Plan, due to Compensation exceeding the limits outlined by Internal Revenue Code (“IRC”) Section 401(a)(17), commencing on the first day of the month following the later of (i) the Participant’s normal retirement age under the Retirement Plan, or (ii) the date the Participant’s retirement or other separation from service with the Participating Employers occurs.

Related to Nonqualified pension plan

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Health benefits plan means a benefits plan which pays or

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.