SERP Trust definition

SERP Trust means the trust established for the purposes of the SERP;
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SERP Trust means a trust established by the Company for purposes of holding and investing Company contributions to the Plan.
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Examples of SERP Trust in a sentence

  • The Company shall continue to use the SERP Trust for the purpose of informally funding both the SERP and SERP II.

  • Senior Officer's Deferred Compensation Plan, as amended (the "DCP"), and has separately established a grantor trust (the "SERP Trust") to fund its obligations to the Executive under the Pain▇ ▇▇▇b▇▇ ▇▇▇up Inc.

  • Immediately before the date of a Change of Control (as defined in Section 7.2(a)), the Company shall deposit in the SERP Trust such amount of cash sufficient to cause the total amount of the cash held in the SERP Trust to equal the present value of the combined SERP and SERP II Benefits (as defined in the respective plans) calculated using an eight percent (8%) discount rate.

  • In addition to the amounts deposited into the SERP Trust described in Section 5.6 above, the Company shall deposit an amount of cash equal to $3,471,991 per year for the six (6) year period commencing January 1, 2005.

  • The Company and the Trustee hereby agree that the additional shares contributed to the SERP Trust herein, shall be subject to all the same terms and conditions as those shares originally funded in the SERP Trust.

  • In consideration of the contribution of the Employment Agreement Amount to the SERP Trust, and the other provisions of this Agreement, including but not limited to the obligations of Buyer pursuant to Section 1.3 below, Executive, Buyer, Seller and Seller Bank hereby agree that the Employment Agreement shall terminate without any further action of any of the parties hereto, effective immediately prior to the Effective Time of the Merger.

  • The Company shall designate each Payment to the trustee of the SERP Trust as for Mr. Durham's Account (as that ▇▇▇▇ ▇▇ ▇▇▇▇ned in the Trust Agreement) under the SERP.

  • In addition, the Trust shall include the assets of the IES SERP Trust and the IES DC Trust upon the transfer of such funds from ▇▇▇▇▇ Fargo to the Trustee and the assets of the WPL Trust.

  • Natural State Aesthetics does not knowingly collect, either online or offline, personal information from persons under the age of thirteen.

  • Any such payment of the difference between the Initial Gross-Up Payment and the Adjusted Gross-Up Payment shall be paid within thirty (30) days of the date of payment of the Employment Agreement Amount by the SERP Trust to the Executive.

Related to SERP Trust

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Plan Trust means the trust governed by the Plan.

  • Liquidating Trust Agreement means the agreement, substantially in the form annexed hereto as Exhibit A, establishing the Liquidating Trust in conformity with the provisions of the Plan, which shall be approved in the Confirmation Order and entered into by the Debtors, on behalf of the beneficiaries, and the Liquidating Trustee on the Confirmation Date pursuant to the terms of the Plan.

  • Litigation Trust Agreement means that certain “Litigation Trust Agreement,” a true and correct copy of which is attached hereto as Exhibit “4.”

  • Grantor Trust means a Trust other than a RIC.