SERP definition
Examples of SERP in a sentence
In the event the policy is canceled, non-renewed, switched to occurrence form, or any other event which triggers the right to purchase a Supplemental Extended Reporting Period (SERP) during the life of this contract the Vendor/Contractor agrees to purchase the SERP with a minimum reporting period of not less than two years.
Purchase of the SERP shall not relieve the Vendor/Contractor of the obligation to provide replacement coverage.
Purchase of the SERP shall not relieve the Vendor/Contractor of the obligation to provide replacement coverage.By entering into this contract Vendor/Contractor agrees to provide a waiver of subrogation or a waiver of transfer of rights of recovery, in favor of the County for the workers’ compensation and general liability policies as required herein.
Executive shall also be entitled to receive age credit and credit for period of service towards all SERP plans for the remaining period of time covered by this Agreement.
Purchase of the SERP shall not relieve the AGENCY of the obligation to provide replacement coverage.