Definition of Top-Up Benefits


Top-Up Benefits means the notional benefit amount allocated to a Participants Account pursuant to Section 4.1.
Sample 1

Examples of Top-Up Benefits in a sentence

During such paid leave of absence up to the Maximum Leave Period, the Participant shall continue to participate in the Plan and shall remain eligible for the allocation of Top-Up Benefits in accordance with Section 4.1.
Unless otherwise determined by ADSC, if the employment of a Participant with an Employer is terminated for Cause, the Participant will not be eligible for any Top-Up Benefits and will forfeit the balance of his or her Account, whether vested or unvested, as at the date of termination of employment.
The Participant waives any and all right to compensation or damages in consequence of termination of employment (whether lawfully or unlawfully) or otherwise for any reason whatsoever as those rights may result from the Participant ceasing to have rights or be entitled to any Top-Up Benefits under the Plan pursuant to Section 8.3.
During such unpaid leave of absence up to the Maximum Leave Period, the Participants membership in the Plan shall be suspended and the Participant shall not be eligible for the allocation of Top-Up Benefits in accordance with Section 4.1. For greater certainty, no payment shall be made to Participant under the Plan during the period when the Participants membership in the Plan is suspended pursuant to this Section 5.2.