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Executive's Disloyalty Causes Loss of SERP Benefits (PDF)
National Association of Stock Plan Professionals via Utz, Miller, Kuhn & Eickman, LLC 
[Guidance Overview] Jan. 21, 2009 2 pages. Excerpt: Lesson. One generally prefers precision in deferred compensation agreements. But, for provisions intended to protect a company in the event an executive acts improperly, the flexibility afforded by using the term 'disloyalty' to describe an event resulting in a loss of entitlement to further compensation (or the need to return compensation already paid) may be useful. |
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