Examples of PSIP in a sentence
Deferrals under this Plan may result in a reduction of benefits payable under the Social Security Act, the Retirement Plan and the PSIP.
For these purposes, Matching Employer Contribution shall have the meaning defined in the PSIP.
PSIP has granted SEC a Block License for PSIP Licensed Products contained in the Authorized SEC Devices.
The terms and conditions of the PSIP granted Block License to SEC are as follows.
SEC agrees that PSIP has transmitted to an Authorized SEC Facility one (1) copy of the Machine Executable Code and related standard documentation for each Authorized SEC Device identified herein.
An Eligible Executive’s base salary deferrals and annual bonus award deferrals (but not DCAP housing deferrals, sign-on and retention bonus deferrals and Long-Term Incentive Plan award deferrals) shall be credited, in a separate Account under the Plan with an amount calculated to be the Matching Employer Contribution percentage that would have been credited to the Eligible Executive’s PSIP account if five percent (5%) of such deferrals under DCAP III had been made under the PSIP.
PSIP shall own such modifications per se and all proprietary rights thereto.
Rights not expressly granted to the SEC hereunder are reserved by the PSIP.
This Plan is the successor plan to the Supplemental PSIP, as in effect on December 31, 2004 (the “Prior Plan”).
When the Authorized SEC Facility above is sought to be changed, SEC will notify PSIP in writing of the substitute Authorized SEC Facility's name and address at least thirty (30) days in advance of said change.