COP SERP definition

COP SERP means the non-qualified COP supplemental executive retirement plans, including the Key Employee Supplemental Retirement Plan.
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Examples of COP SERP in a sentence

  • COP shall have sole responsibility for the administration of the COP SERP and the payment of benefits thereunder to or on behalf of COP Group Employees and Former COP Group Employees, and no member of the ▇▇▇▇▇▇▇▇ 66 Group shall have any liability or responsibility therefor.

  • The Liabilities in respect of ▇▇▇▇▇▇▇▇ 66 SERP Beneficiaries under the COP SERP shall be assumed by the member of the ▇▇▇▇▇▇▇▇ 66 Group which sponsors the ▇▇▇▇▇▇▇▇ 66 SERP, effective as of the Effective Time; provided that such Liabilities in respect of each such ▇▇▇▇▇▇▇▇ 66 SERP Beneficiary who is a Delayed Transfer Employee shall be assumed by such member of the ▇▇▇▇▇▇▇▇ 66 Group effective as of close of business on the applicable Transfer Date.

  • Notwithstanding the above, with respect to any Delayed Transfer Employee whose employment is transferred from a COP Entity to a ▇▇▇▇▇▇▇▇ 66 Entity on a Transfer Date and who was a participant in the COP SERP (and each alternate payee or beneficiary of such person) as of immediately prior to such Transfer Date, the ▇▇▇▇▇▇▇▇ 66 SERP shall provide benefits substantially similar to those accrued with respect to such person under the COP SERP as of immediately prior to such Delayed Transfer Employee’s transfer.

  • Each member of the ▇▇▇▇▇▇▇▇ 66 Group shall cease to be a participating employer in the COP SERP, and the ▇▇▇▇▇▇▇▇ 66 Group Employees shall no longer participate in the COP SERP, effective as of the Effective Time.

Related to COP SERP

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Qualified Plan means a Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.