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NDAQ » Topics » 2. Supplemental Executive Retirement Plan

This excerpt taken from the NDAQ 8-K filed Aug 1, 2008.

2. Supplemental Executive Retirement Plan

The Exchange maintains nonqualified Supplemental Executive Retirement Plans (“Plans”) for certain key executives. The Plans are unfunded. The Exchange has reflected its liability related to the Plans of $4,982,000 and $4,177,000 as deferred compensation in the accompanying balance sheet at March 31, 2008 and 2007, respectively.

The Exchange’s net periodic pension cost includes the following components:

 

     Plan #1    Plan #2
     2008    2007    2008    2007
     (Dollars in thousands)

Service cost

    $ —      $ —      $ 235    $ 115

Interest cost

      2      2      140      57

Amortization of prior service cost

      —        —        190      62

Amortization of net losses

      5      5      —        —  
                           

Net periodic benefit cost

    $ 7    $ 7    $ 565    $ 234
                           
This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

2. Supplemental Executive Retirement Plan

The Exchange maintains nonqualified Supplemental Executive Retirement Plans (“Plans”) for certain key executives. The Plans are unfunded. The Exchange has reflected its liability related to the Plans of $960,000 and $563,000 in the accompanying consolidated balance sheets at December 31, 2005 and 2004, respectively.

This excerpt taken from the NDAQ 8-K filed Apr 24, 2007.

Supplemental Executive Retirement Plan

The Nasdaq Stock Market, Inc. Supplemental Executive Retirement Plan is amended, by adding a new Article IX, as follows:

This excerpt taken from the NDAQ 10-K filed Feb 28, 2007.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

Effective as of November 1, 2003

Plan Document - Supplemental Executive Retirement Plan

 

THE NASDAQ STOCK MARKET, INC.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

Table of Contents

 

          Page
ARTICLE I GENERAL    1
   1.1     Effective Date    1
   1.2     Purpose    1
   1.3     Scope    1
   1.4     Source of Funds    1
ARTICLE II DEFINITIONS AND USAGE    2
   2.1     Definitions    2
   2.2     Usage    6
ARTICLE III ELIGIBILITY AND PARTICIPATION    6
   3.1     Eligibility    6
   3.2     Participation    6
   3.3     Special Provisions    6
ARTICLE IV SUPPLEMENTAL RETIREMENT BENEFIT    7
   4.1     Eligibility for Retirement Benefits    7
   4.2     Vesting    7
   4.3     Normal Retirement Benefit    7
   4.4     Early Retirement    8
   4.5     Time of Payment    9
   4.6     Form of Payment    9
   4.7     Optional Forms of Payment    9
   4.8     Rehiring Terminated Participants    10
ARTICLE V DEATH BENEFITS    10
   5.1     Preretirement Survivor’s Benefit    10
   5.2     Post-Retirement Survivor’s Benefit    11
ARTICLE VI ADMINISTRATION    12
   6.1     Administration Generally    12
   6.2     Limitation on the SERP Committee’s Authority    12
   6.3     Delegation    13
   6.4     Fees    13
ARTICLE VII CLAIMS PROCEDURE    13
   7.1     Provision of Benefits    13
   7.2     Claims Review    13
ARTICLE VIII MISCELLANEOUS PROVISIONS    14
   8.1     Amendment    14
   8.2     Termination    15

 

i

Plan Document - Supplemental Executive Retirement Plan

 

   8.3     No Assignment    16
   8.4     Incapacity    16
   8.5     Successors and Assigns    16
   8.6     Governing Law    16
   8.7     No Guarantee of Employment    16
   8.8     Severability    16
   8.9     Notification of Addresses    17
   8.10   Bonding    17
   8.11   Headings    17
   8.12   Adoption of Plan by Other Employers    17
   8.13   Indemnity    17
   8.14   Tax Withholding    17

 

ii

Plan Document - Supplemental Executive Retirement Plan

 

EXCERPTS ON THIS PAGE:

8-K
Aug 1, 2008
8-K
Feb 20, 2008
8-K
Apr 24, 2007
10-K
Feb 28, 2007

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