Remains Employed definition
Examples of Remains Employed in a sentence
In the event that the Executive Remains Employed throughout the Service Period, then he shall be entitled to receive an annual Executive Benefit of Twenty Five Thousand Dollars ($25,000) for a period of Ten (10) years.
The term "Remains Employed" shall mean that Executive has not experienced a Separation From Service with the Bank.
The term "Remains Employed" shall mean that Executive has not experienced a Separation From Service with Employer.
By way of example ONLY, assume the following: Executive Remains Employed until age 65, at which time he Separates From Service and becomes entitled to receive a lump sum payment under the West Coast Bank SERP in the amount of $1,163,700.
In the event that Executive Remains Employed throughout the Service Period, then he shall be entitled to receive an annual Executive Benefit of Twenty-Five Thousand Dollars ($25,000), payable for a period of Ten (10) years.
The term "Remains Employed" shall mean that the Executive has not experienced a Separation From Service with Employer (as defined herein and by IRC 409A).
In the event that the Executive Remains Employed throughout the Service Period, then he shall be entitled to receive an annual Executive Benefit of Twenty-Five Thousand Dollars ($25,000) for a period of five (5) years.
If Executive Remains Employed throughout the Service Period, then they shall receive an annual Executive Benefit equal to the Target Benefit, payable for a period of ten (10) years.
In the event that Executive Remains Employed throughout the Service Period, then he shall be entitled to receive an annual Executive Benefit of Twenty-Five Thousand Dollars ($25,000) for a period of Ten (10) years.