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SERP Compensation Definition: Counting Severance Pay (PDF)
National Association of Stock Plan Professionals via Utz Miller & Kuhn, LLC Link to more items from this source
Nov. 7, 2007

2 pages. Excerpt: The Ninth Circuit was asked to determine whether severance pay counted as compensation under a SERP. The court concluded that severance pay did not constitute 'earnings' for purposes of calculating an executive's benefit under the particular nonqualified top-hat plan at issue. The case is Gilliam v. Nevada Power Company.  MORE >>

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