Record maintained by the Company for each Participant for the cumulative amount of (a) Salary amounts deferred under Sections 4.1 and 4.2 of the Plan and (b) increases or decreases to those amounts for deemed investments as provided inĢ.5 Beneficiary means the person or persons designated in writing by a Participant inĪccordance with procedures established by the Committee to receive the benefits specified hereunder in the event of the Participants death. (ii) any base salary payable as a short-term disability benefit.Ģ.4 Base Salary Deferral Account means the Salary means a Participants regular base salary, including (i) the amount of any deferrals or reductions under this Plan, the Savings Plan or any other employee benefit plan of the Company or an Affiliate and Or entity, whether through the ownership of voting or other securities, by contract or otherwise. Terms controlled by and under common control with), as applied to any person or entity, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person The term control (including, with correlative meaning, the Account means, collectively, the Participants Base Salary Deferral Account, Bonus Deferral Account, Matching Account, Profit Sharing Account and Discretionary Contribution Account.Ģ.2 Affiliate means (i) any person or entity that directly or indirectly controls, is controlledīy or is under common control with the Company and/or (ii) to the extent provided by the Committee, any person or entity in which the Company has a significant interest. Opportunity to supplement their retirement income outside of the Companys tax-qualified Savings Plan. The purpose of the Great Lakes Dredge & Dock Corporation Supplemental Savings Plan (the Plan) is to enhance theĪbility of Great Lakes Dredge & Dock Corporation (the ∼ompany) to attract and retain employees by providing a select group of senior management and highly compensated employees of the Company and its Affiliates with an (As Amended and Restated Effective January 1, 2014)
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