Supplemental Retirement Benefit. The Trust shall continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,000. Such deemed contributions shall be credited as of January 1 of the applicable fiscal year and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 3 contracts
Samples: Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust), Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust), Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall continue establish a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,000. Such deemed contributions shall be credited as of January 1 of the applicable fiscal each year beginning with January 1, 2002, and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 3 contracts
Samples: Nonqualified Supplemental Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust), Nonqualified Supplemental Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust), Nonqualified Supplemental Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,00035,000. Such deemed contributions shall be credited as of January 1 of the applicable fiscal year and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 1 contract
Samples: Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 2012 or later with a deemed contribution of $25,000. Such deemed contributions shall be credited 50,000 so long as of January 1 the Executive remains an employee of the applicable fiscal year Trust. Commencing on January 1, 2012, all deemed contributions, including those deemed made prior to 2012 and in 2012, (and all earnings thereon) shall earn interest at the rate of 10 percentinterest, compounded annually, for 2012 and for each calendar year after 2012, at a rate of five percent per annum.
Appears in 1 contract
Samples: Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall continue a bookkeeping account for the Executive and shall credit such account for the fiscal year beginning January 1, 2012 with a deemed contribution of $71,500 and shall credit such account each fiscal year beginning January 1, 2009 2013 or later with a deemed contribution of $25,000. Such deemed contributions shall be credited 50,000 so long as of January 1 the Executive remains an employee of the applicable fiscal year Trust. Commencing on January 1, 2012, all deemed contributions, including those deemed made prior to 2012 and in 2012, (and all earnings thereon) shall earn interest at the rate of 10 percentinterest, compounded annually, for 2012 and for each calendar year after 2012, at a rate of five percent per annum.
Appears in 1 contract
Samples: Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall continue establish a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,000. Such deemed contributions shall be credited as of January 1 of the applicable fiscal each year beginning with January 1, 2004, and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 1 contract
Samples: Nonqualified Supplemental Executive Retirement Agreement (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust Company shall continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,000. Such deemed contributions shall be credited as of January 1 of the applicable fiscal year and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 1 contract
Samples: Nonqualified Supplemental (Pennsylvania Real Estate Investment Trust)
Supplemental Retirement Benefit. The Trust shall continue a bookkeeping account for the Executive and shall credit such account each fiscal year beginning January 1, 2009 or later with a deemed contribution of $25,000100,000. Such deemed contributions shall be credited as of January 1 of the applicable fiscal year and shall earn interest at the rate of 10 percent, compounded annually.
Appears in 1 contract
Samples: Nonqualified Supplemental (Pennsylvania Real Estate Investment Trust)