Supplemental Savings Plan Benefit definition

Supplemental Savings Plan Benefit means the benefit payable under Article V of the Plan.
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Supplemental Savings Plan Benefit means that benefit described in Section 4.2, which is designed to supplement and restore those benefits limited by the Code under the Cooper-Standard Automotive Inc. Investment Savings Plan .
Sample 1
Supplemental Savings Plan Benefit means that benefit described in Section 4.2.
Sample 1

Examples of Supplemental Savings Plan Benefit in a sentence

  • Every legally inde- pendent company within the MTU Group must check whether and to what extent such regi- stration obligations exist towards national supervisory authorities or control organs.

  • Investment Savings Plan to be entitled to receive a Supplemental Savings Plan Benefit in the amount determined under (a.) above as if Participant had been a participant in the Cooper-Standard Automotive Inc.

  • If a Participant fails to provide any such written directions to the Company, all of the amounts credited to his or her Supplemental Savings Plan Benefit account shall be deemed to be invested in the prevailing stable value fund.

  • A Participant who has incurred an Unforeseeable Emergency may request, and the Administrator may, in its sole discretion, approve a distribution on part or all of the Participant’s vested Supplemental Savings Plan Benefit, in accordance with and subject to the limitations set forth in this Section.

  • Effective January 1, 2003, no further Supplemental Savings Plan Benefit (e.g. Phantom Shares) shall be earned.

  • Amounts credited to a Participant's Supplemental Savings Plan Benefit Account shall be credited with interest at a rate equal to the combined weighted return provided to the Participant's Account under the Savings Plan.

  • A "Participant's Supplemental Savings Plan Benefit" consists of the amounts credited to his accounts, if any, pursuant to subsections 4.2 through 4.4.

  • Effective as of January 1, 2008, the portion of the Prior Plan that consists of the Supplemental Pension Plan Benefit shall be transferred to and governed by the terms f the Chase Corporation Employees’ Supplemental Pension Plan and the portion of the Prior Plan that consists of the Supplemental Savings Plan Benefit shall be transferred to and governed by this plan, which shall be known as the Chase Corporation Employees’ Supplemental Savings Plan.

  • Mr Krzysztof Rogala – as Deputy Chairman of the Audit Committee, 3.

  • Provided, however, in order for a Participant to receive a Supplemental Savings Plan Benefit for a Plan Year in accordance with this Section 4.02, such Participant must participate in the Savings Plan through contribution of Employee Salary Deferral Contributions of not less than five percent of such Participant's Plan Year Compensation, or such lesser amount as may be permissible in accordance with the Applicable Limitations.


More Definitions of Supplemental Savings Plan Benefit

Supplemental Savings Plan Benefit means the benefit credited to a Participant pursuant to Section 4.02 of the Plan.
Sample 1

Related to Supplemental Savings Plan Benefit

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

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

  • 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.

  • Deferred Plan means a trust governed by a registered retirement savings plan, registered retirement income fund, registered education savings plan or tax-free savings account.

  • 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.

  • 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.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.