SERP Participant definition
Examples of SERP Participant in a sentence
Effective as of and from January 1, 2000, unless otherwise provided by the Board, a “SERP” Employer Non-Elective Contribution shall be made on behalf of a Participant who is a SERP Participant in such amount, if any, as determined in writing by the Board at or prior to the time the contribution is made.
The rights of a SERP Participant to the payment of benefits as provided in the SERP may not be assigned, transferred, pledged or encumbered or be subject in any manner to alienation or anticipation.
Any claim for benefits under the SERP must be filed by the SERP Participant or Beneficiary ("claimant") in writing with the Committee or its delegate.
Nothing contained herein shall be construed as conferring upon a SERP Participant the right to continue in the employ of DST or any Affiliated Company in the Participant's current position or in any other capacity.
No SERP Participant may borrow against the Participant's interest in the SERP.