SERP Benefit(s) definition

SERP Benefit(s) means any Conditional Annuities, Pension Parity Benefits, Supplemental Benefits and/or Special Supplemental Benefits payable under this Plan.
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SERP Benefit(s) means benefits to which the Executive is entitled under the Inco SERP.
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SERP Benefit(s) means all benefits payable to a Participant pursuit
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Examples of SERP Benefit(s) in a sentence

  • The Company may deduct from any payment of SERP Benefits to an Eligible Retired Executive, Designated Beneficiary or Eligible Surviving Spouse, any and all amounts owed to it by such Eligible Retired Executive, Designated Beneficiary, or Eligible Surviving Spouse for any reason, and all taxes required by law or government regulation to be deducted or withheld.7.04Tax Liabilities.

  • SERP Benefits under this Plan shall be payable only out of the general funds of the Company.7.07Governing Law.

  • Notwithstanding anything to the contrary herein, SERP Benefits shall not be paid to, or with respect to, any person as to whom it has been determined that such person at any time (whether before or subsequent to termination of the Eligible Retired Executive’s employment) acted in a manner inimical to the best interests of the Company.

  • The Company shall have the right to amend, modify, discontinue or terminate this Plan, in whole or in part, at any time, without notice; provided, however, that no distribution of SERP Benefits shall occur upon termination of this Plan unless applicable requirements of Code Section 409A have been met.

  • The Company has no duty to design its compensation policies in a manner that minimizes an individual’s tax liabilities, including tax liabilities arising as a result of SERP Benefits provided under the Plan.

  • An Eligible Executive may not assign or alienate any SERP Benefits, and the Plan will not recognize a domestic relations order that purports to assign any SERP Benefit to another person.

  • Any individual shall repay promptly any and all SERP Benefits received by the individual to which the individual is not entitled.

Related to SERP Benefit(s)

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.