What does ERP stand for?

Example 7: Assume the same facts as in Example 1, except that A earns $400,000 in total base salary, and X had established a nonqualified supplemental executive retirement plan (SERP) for A's deferred executive remuneration.

in its legal fight with former CEO Maurice "Hank" Greenberg, ruling that a company he ran did not improperly seize AIG stock from an executive retirement plan.

He received a bonus of $375,000 in 2008 and other compensation of $120,086, including $101,250 in contributions related to an executive retirement plan.

Congress has introduced legislation that will reduce the use of supplemental executive retirement plans and the amounts that can be saved in deferred compensation.

In the current proxy issued last month in advance of its meeting April 26 is a proposal to limit the benefits paid under the company's supplemental executive retirement plan.

[ILLUSTRATION OMITTED] Wamberg expects that a huge part of top executive pay, supplement executive retirement plans (SERPs), will be altered to put more focus on company performance.

Despite the popular tax break side of the legislation, the new law turns on deferred compensation plans, Supplemental Executive Retirement Plans (SERPS) and discounted stock options which, in the past, have been relatively free from scrutiny.

Similarly, an executive retirement plan that provides a benefit based on years of service times final average pay is hot an Eligible Retirement Benefit Plan, even though a qualified plan with the same benefit formula is an Eligible Retirement Benefit Plan (such plans generally would satisfy the Draft Bulletins' definition of Eligible Retirement Benefit Plan but for restrictions imposed by the Internal Revenue Code and ERISA that prevent them from being funded.