SRA Plan definition
Examples of SRA Plan in a sentence
As long as such changes are applicable to all other FP participants in the SRA Plan and do not reduce their accrued and vested benefits, such changes shall not be subject to arbitration or bargaining.
No such SRA Plan is, or is expected to be, in “at-risk” status (within the meaning of Sections 303(i)(4)(A) of ERISA and 430(i)(4)(A) of the Code).
Eligible employees will be credited with “pay credits” as a percentage of their “eligible compensation,” as defined by the SRA Plan.
Accrued benefits shall vest upon either (i) an employee reaching age 65 while employed by FP, or (ii) an employee completing three (3) years of “vesting service,” as defined by the SRA Plan.
During the term of this Agreement and after its expiration, FP has the right to amend, suspend or terminate the SRA Plan, or merge the SRA Plan into other retirement plans, consistent with the terms of the Plan and applicable law.
Except as does not constitute a SRA Material Adverse Effect, each SRA Plan that is subject to the minimum funding standards of the Code or ERISA satisfies such standards, and no waiver of such funding has been sought or obtained.
During the term of this Agreement and after its expiration, Slate has the right to amend, suspend or terminate the SRA Plan, or merge the SRA Plan into other retirement plans, consistent with the terms of the Plan and applicable law.
In addition to the compensation-based credits in paragraph 2 above, Slate participants with an account balance will also earn interest credits each year, as defined and determined under the SRA Plan.
Accrued benefits shall vest upon either (i) an employee reaching age 65 while employed by ▇▇▇▇▇, or (ii) an employee completing three (3) years of “vesting service,” as defined by the SRA Plan.
In addition to the compensation-based credits in paragraph 2 above, FP participants with an account balance will also earn interest credits each year, as defined and determined under the SRA Plan.