SERP Benefit definition

SERP Benefit means the benefit described in Section 5.1.
SERP Benefit means the annual retirement benefit payable pursuant to the terms of this Plan.
SERP Benefit means any benefit payable under the SERP to or on behalf of a Covered Employee.

Examples of SERP Benefit in a sentence

  • The Participant may elect the form of payment for the New SERP Benefit at the time of commencement, in accordance with Section 6.A.1.

  • Any expenses incurred by the Employer or Administrator incident to such proceeding or litigation shall be charged against the SERP Benefit of the affected Participant.

  • The New SERP Benefit for this Participant will equal: (a) the Participant’s benefits under the PVP for periods after rehire determined without regard to the limitations under Code sections 415 and 401(a)(17), reduced (but not below zero) by (b) any benefit payable to or on account of the Participant under the PVP for periods after rehire.

  • Notwithstanding the foregoing, the SERP Benefit will be paid in a single lump sum if the Actuarial Equivalent present value is $15,000 or less as of the commencement date.

  • In the event that the Executive’s employment and the Employment Term ends on account of the Executive’s Disability, the Company shall pay or provide to the Executive the Accrued Benefits and the SERP Benefit.


More Definitions of SERP Benefit

SERP Benefit means the vested benefit payable under this Plan.
SERP Benefit means the benefit amount determined under the SERP and credited to a Participant under the Plan.
SERP Benefit means SERP Benefit A and/or SERP Benefit B provided pursuant to Article 2.
SERP Benefit see Section 6.2(a).
SERP Benefit means any benefit described in Article 2 of this Agreement that is payable to the Executive while the Executive is living.
SERP Benefit means the Participant’s RSSERP Benefit and/or Pension SERP Benefit, as applicable.
SERP Benefit means any benefit payable or paid to a Participant, a Spouse or Beneficiary(ies) under the terms and conditions of this Plan.