SERP Member definition

SERP Member means an employee of a Participating Employer who has satisfied the eligibility requirements under the Retirement Plan, and who satisfies each of the following criteria: (a) is determined by the Company to be a member of a select group of management or highly compensated employees within the meaning of sections 201(2), 301(a)(3) and 401(a)(1) of ERISA; and (b) is designated by the Company as an employee who may participate in the Plan.
Sample 1
SERP Member means an individual described in Section III of the Supplemental Plan, who has satisfied the eligibility requirements under the Retirement Plan and has been designated by the Company as being eligible to receive benefits hereunder.
Sample 1

Examples of SERP Member in a sentence

  • For each calendar year after 2012, the Annual Contribution Credit for the year shall only be determined with respect to the period of that calendar year throughout which the DC SERP Member meets the eligibility requirements as defined in Section 2.15.

  • The nature of any public art features would need to be discussed with ‘Inspire’, prior to submission of any planning application.

  • Effective for Plan Years beginning on and after January 1, 2008, the Earnings used to determine the Employer Matching Contribution for a Participant who is a SERP Member shall be limited in any Plan Year to an amount equal to the SERP DC Plan Earnings Limit.

  • The SERP Member and his or her SERP Beneficiary shall be unsecured general creditors of such Participating Employer with no special or prior right to any assets of the Participating Employer for payment of any obligations hereunder.

  • A SERP Member shall be eligible to be credited with a SERP Profit-Sharing Accrual and with a SERP Matching Accrual, pursuant to the provisions of Sections 3.1 and 3.3, and shall be eligible to direct his Employer to defer part of his SERP Compensation pursuant to the provisions of Section 3.5. An individual shall continue to be a SERP Member until his SERP Account is closed pursuant to Section 5.2(c) or 8.1(c).

  • For a SERP Member who has a Separation from Service on or after January 1, 2005, during such time (from such Separation of Service) there remains an outstanding balance of the SERP Member’s benefit (or a SERP Beneficiary’s benefit, in the event the SERP Member’s Separation from Service is due to death) under the Plan, such balance shall earn the SERP Interest Rate.

  • Neither this Plan, the SERP Committee, the Participating Employers nor the Company shall be liable in any manner to any person, including the SERP Member, SERP Member’s spouse, or SERP Beneficiary, for complying with any such court order or judgment.

  • Date of the contract If three references can not be furnished from the above, list business references from other purchasers not otherwise listed and provide the types of information requested above on these sales.

  • The benefits payable under this Supplemental Plan to a SERP Member or his or her SERP Beneficiary shall be paid from the general assets of the Participating Employer that employed the SERP Member.

  • For each calendar year after 2012, the Annual Contribution Credit for the year shall only be determined with respect to the period of that calendar year throughout which the DC SERP Member meets the eligibility requirements as defined in Section 2.14.

Related to SERP Member

  • Employee Member means a member of the “Bargaining Unit”.

  • Active member means a member of the pension program or the individual account program

  • Team Member means an individual who is allowed to access the Cloud Service but is only granted membership in groups associated with “Team Member” permissions for the Cloud Service.2

  • Deferred member means a person who elected to receive deferred vested retirement

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Inactive member means a member of the pension program or the individual account pro-

  • Plan Member means each Member any of the assets of which are subject to any Plan Governing Law.

  • lay member means a member of the Authority, who is not, nor has been:

  • Spouse or partner means a person (including same sex partners) who lives with the principal policy holder in a marital or de facto relationship.

  • Life Member means an Individual appointed as a Life Member of the Club under clause 5.2.

  • county executive committee member means the county executive committee member responsible for matters relating to land;

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Covered service member means a member of the Armed Forces, including a member of the National Guard or Reserves, who is undergoing medical treatment, recuperation, or therapy, is otherwise in outpatient status, or is otherwise on the temporary disability retired list, for a serious injury or illness.

  • Contributing Employer means any employer other than a reimbursing employer or rated governmental employer.

  • Former Member means a member that has withdrawn from a qualified authority under this section or a prior member of a qualified authority that has been dissolved under this section.

  • Teaching staff member means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

  • Contributing Partner means each Partner contributing (or deemed to have contributed on termination and reconstitution of the Partnership pursuant to Section 708 of the Code or otherwise) a Contributed Property.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Corporate Partner means a Partner that is subject to tax under [reference to State law].

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

  • Council Member means a member of the Council;

  • Founder Member means a subscriber to these rules for the purposes of registration;

  • Named Executive means any individual who, on the last day of the Company’s fiscal year, is the chief executive officer of the Company (or is acting in such capacity) or among the four most highly compensated officers of the Company (other than the chief executive officer). Such officer status shall be determined pursuant to the executive compensation disclosure rules under the Exchange Act.

  • Bargaining Unit Member or “employee” means a University employee who is included in the bargaining unit as defined in Article 2: “Recognition and Scope”.