US SERP definition
US SERP means the PCS Supplemental Executive Retirement Plan for U.S. Executives.
US SERP means the PCS Supplemental Retirement Plan for U.S. Executives dated January 1, 1999, as amended from time to time.
Examples of US SERP in a sentence
From and after the Effective Time, (i) Spinco shall assume the Liabilities for all benefits under the Burgundy US SERP with respect to Spinco Employees who were participants in the Burgundy US SERP as of immediately prior to the Effective Time, (ii) Spinco shall pay all such benefits under the Spinco US SERP in accordance with its terms and (iii) Spinco shall indemnify Burgundy for all such Liabilities described in the immediately preceding clauses (i) and (ii).
Notwithstanding anything to the contrary contained in this Section 6.5(a), following the one-year anniversary of the Effective Time, Spinco shall have no obligation to provide additional benefits pursuant to the Spinco US SERP.