Supplemental Executive Retirement Plans Sample Clauses

Supplemental Executive Retirement Plans. With respect to the supplemental executive retirement plans maintained by the Company for the benefit of Xxxxxxx X. Xxxxx, Xxxxxx X. Xxxxxxxx and Xxxxxx X. Xxxx (collectively, the “SERPs”), the amounts credited to the Memorandum Accounts in the SERPs will be frozen as of the Effective Time, and assumed by Associated and handled in accordance with the individual employment contracts of the affected executives. To the extent the Company maintains or sponsors any nonqualified deferred compensation plan or arrangement prior to the Effective Time other than the SERPs, the Company shall terminate such plan or arrangement.
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Supplemental Executive Retirement Plans. Company shall not assume any liability whatsoever with respect to the Parent SERP, and Parent shall not assume any liability with respect to Company SERP. The Company shall have no right to claim any assets held in a Parent rabbi trust.
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Supplemental Executive Retirement Plans. The Debtors will terminate any supplemental executive retirement plan (“SERP”) pursuant to the terms of the Plan. Such matters shall be set forth in the Plan Supplement. Other Post- Employment Obligations Pursuant to the Plan, the Debtors will assume their retiree medical and life insurance obligations to the extent that rejection or modification of any such obligations would otherwise require approval by the Bankruptcy Court pursuant to section 1113 of the Bankruptcy Code or section 1114 of the Bankruptcy Code. Such matters shall be set forth in the Plan Supplement. Indemnification Obligations The Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, employment contracts, or otherwise, for the current and former directors, managers, and officers, of any of the Debtors shall be assumed pursuant to the Plan. Avoidance Actions Any and all actual or potential Claims and causes of action to avoid a transfer of property or an obligation incurred by the Debtors arising under chapter 5 of the Bankruptcy Code, including sections 544, 545, 547, 548, 549, 550, 551, and 553(b) of the Bankruptcy Code, shall be retained by the Reorganized Debtors, except to the extent expressly released under the Plan.
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Supplemental Executive Retirement Plans. Bank acknowledges that Executive is a participant in the SERPs and that Executive will receive any benefits due under the SERPs in accordance with the terms and conditions of the SERPs;
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Supplemental Executive Retirement Plans. NBTB shall assume and continue in effect the LA Bank, N.A. Salary Continuation Agreement between LA Bank and Executive dated March 7, 1997, the Supplementary Retirement Benefit Agreement between LA Bank and Xxxxxxxx dated January 6, 1995, and the Salary Continuation Agreement between LA Bank and Xxxxxxxx dated May 5, 1989, and, in return therefor, Executive renounces entitlement to benefits under any supplemental executive retirement plan to which he would otherwise be entitled as an executive of NBTB or an affiliate of NBTB.
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Supplemental Executive Retirement Plans. All contributions to the Executive's Supplemental Executive Retirement Plan account shall be fully vested immediately upon contribution.
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Supplemental Executive Retirement Plans. 4.1 St. Xxxx SERP.
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Supplemental Executive Retirement Plans 
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Related to Supplemental Executive Retirement Plans

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Termination of Benefit Plans Effective as of the day immediately preceding the Closing Date, the Company shall terminate all Company Employee Plans that are “employee benefit plans” subject to ERISA including any Company Employee Plans intended to include a Code Section 401(k) arrangement (unless Buyer provides written notice to the Company no later than three Business Days prior to the Closing Date that such 401(k) plans shall not be terminated). Unless Buyer provides such written notice to the Company, no later than three Business Days prior to the Closing Date, the Company shall provide Buyer with evidence that such Company Employee Plan(s) have been terminated (effective no later than the day immediately preceding the Closing Date) pursuant to resolutions of the Company Board. The form and substance of such resolutions shall be subject to review and approval of Buyer. The Company also shall take such other actions in furtherance of terminating such Company Employee Plan(s) as Buyer may reasonably require. In the event that termination of the Company’s 401(k) Plan would reasonably be anticipated to trigger liquidation charges, surrender charges or other fees then the Company shall take such actions as are necessary to reasonably estimate the amount of such charges and/or fees and provide such estimate in writing to Buyer no later than ten Business Days prior to the Closing Date.

  • Supplemental Retirement Benefit In addition to the foregoing, Executive shall be eligible to participate in the Supplemental Executive Retirement Plan maintained by Cleco Utility Group Inc. or such other supplemental retirement benefit plans which the Company or its Affiliates may adopt, from time to time, for similarly situated executives (the "Supplemental Plan").

  • Retirement Plan Employee shall participate, after meeting eligibility requirements, in any qualified retirement plans and/or welfare plans maintained by the Company during the term of this Agreement.

  • Death After Termination of Employment But Before Benefit Payments Commence If the Executive is entitled to benefit payments under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the benefit payments to the Executive's beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive's death.

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