Success Sharing Plan definition

Success Sharing Plan means the Success Sharing Plan of Virginia Electric and Power Company as in effect from time to time and any successor thereto.
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Success Sharing Plan means the Safeco Success Sharing Plan.
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Success Sharing Plan means that certain success sharing plan approved by the (a) Order Approving Employment Agreements of Frank Macher, As President and Chief Executive Officer, and Other Members of Debtors' New Management Team [Docket No. 1144] and (b) Order Authorizing the Implementation of a Key Employee Retention Program [Docket No. 1901].
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Examples of Success Sharing Plan in a sentence

  • A pro-rata payment from the Success Sharing Plan (or other annual incentive plan then in effect) as set forth in Section 3.1.a., without regard to the age requirements contained in Section 3.1.a.

  • Based on the Union’s and Company’s desire to have employees share in the success of the Company, the parties agree to a Success Sharing Plan (SSP).

  • In no event shall any equity-based compensation provided to Employee at any time (including without limitation any stock options or restricted stock (if any) granted to Employee at any time as a long-term incentive award under any Success Sharing Plan or otherwise), any other cash incentive awards granted outside of an approved Success Sharing Plan or similar program (if any), or any other amounts, be considered as part of the “Bonus Amount”.

  • Employees will receive a contribution to their account of a percentage of their Compensation (includes base salary, lump sum across the board (ATB), and Corporate Success Sharing Plan (CSSP) and sales incentives) based on the number of Years of Service with employers of the CUNA Mutual Group.

  • Incremental to the Success Sharing Plan; in lieu of the existing profit sharing plan described in Article XXII of the 2003 Mechanics’ Agreement.

  • The employee will receive a Success Sharing Plan lump sum amount calculated to include the time off the payroll.

  • Note: No additional Company crediting except to the extent provided in MOA – Success Sharing Plan.

  • Success Sharing Plan and ESOP (the "ESOP Plan") or (iii) Shares ("Dissenting Shares") that are owned by stockholders ("Dissenting Stockholders") exercising appraisal rights pursuant to Section 262 of the DGCL (each, an "Excluded Share" and collectively, "Excluded Shares")) shall be converted into the right to receive $54.00 in cash (the "Merger Consideration").

  • Such amount, if any, will be determined in accordance with the terms of the 1998 Success Sharing Plan as previously agreed to with Employee.

  • Each Acquired Employee shall be given the right to elect to receive his or her full account balances in the ▇▇▇▇▇▇▇ Qualified Plans in cash, or to elect a tax-free rollover of the taxable portion of his or her account balances to the ReliaStar Success Sharing Plan (the "ReliaStar Plan") or to an individual retirement account (said tax-free rollover constituting a "Direct Rollover" within the meaning of Section 401(a)(31)) of the Code.


More Definitions of Success Sharing Plan

Success Sharing Plan means that certain success sharing plan approved by the (a) Order Approving Employment Agreements of Frank Macher, as President and Chief Executive Officer, and Other Members of Debtors’ New Management Team [Docket No. 1144] and (b) Order Authorizing the Implementation of a Key Employee Retention Program [Docket No. 1901]. For clarity, no success sharing plan that has been terminated before the Effective Date is a Success Sharing Plan.
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Related to Success Sharing Plan

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

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

  • Distribution Plan means the plan hereafter approved by the MDL Court for the distribution of the Settlement Amount (net of any attorneys’ fees or costs that are awarded by the MDL Court) to Stanford Investors who have had their Claims allowed by the Receiver.

  • 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.