Regal-Beloit Corporation Target Supplemental Retirement Plan Participation Agreement

Contract Categories: Business Finance › Participation Agreements
Summary

This agreement is between Regal-Beloit Corporation and an eligible employee, confirming the employee's participation in the company's Target Supplemental Retirement Plan. By signing, the employee acknowledges receipt and understanding of the plan materials and agrees to its terms. The agreement clarifies that the company may change or end the plan at any time and that participation does not guarantee continued employment. The agreement also extends to the participant's surviving spouse if entitled to benefits under the plan.

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EX-10.12 5 ex10_12.htm EXHIBIT 10.12 Exhibit 10.12
 
EXHIBIT 10.12


 
REGAL-BELOIT CORPORATION


TARGET SUPPLEMENTAL RETIREMENT PLAN


PARTICIPATION AGREEMENT
 


Participant Name:            ___________________________

Participant Social Security Number:      ___________________________

Eligibility Date:                 ___________________________


I have received and read the material describing the REGAL-BELOIT CORPORATION Target Supplemental Retirement Plan (the “Plan”) and my rights under the Plan. I acknowledge that I have been designated eligible to participate in the Plan, and I agree to be bound by its terms and provisions.

This Participation Agreement shall inure to the benefit of, and be binding upon the Company and upon me and my surviving spouse entitled to receive payments under the Plan. I further understand that the Company may terminate or amend the Plan at any time, and that participation in the Plan does not create a contract or guarantee of employment.




___________________________     ____________________________________
Date                    Signature of Participant
 
 
                        REGAL-BELOIT CORPORATION


___________________________  By: ________________________________
Date      


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