Common use of SERP Contribution Clause in Contracts

SERP Contribution. During the Term, the Company's annual contributions to the Executive's accounts under the Company's Supplemental Executive Retirement Plan (together with any successor plan, the "SERP") shall be determined annually by the Compensation Committee of the Board of Directors

Appears in 1 contract

Sources: Employment Agreement (Weis Markets Inc)

SERP Contribution. During the Term, the Company's annual contributions to the Executive's accounts under the Company's Supplemental Executive Retirement Plan (together with any successor plan, the "SERP") shall not be determined annually by the Compensation Committee of the Board of Directorsless than $30,000.

Appears in 1 contract

Sources: Employment Agreement (Weis Markets Inc)

SERP Contribution. During the Term, the Company's annual contributions to the Executive's accounts under the Company's Supplemental Executive Retirement Plan (together with any successor plan, the "SERP") shall be determined annually by the Compensation Committee of the Board of DirectorsDirectors but shall not be less than $15,000 per year.

Appears in 1 contract

Sources: Employment Agreement