Common use of Additional Age and Service Credit Clause in Contracts

Additional Age and Service Credit. If Executive’s employment terminates under the circumstances described in § 3(a) or § 3(f), Executive shall be deemed to have been employed by SunTrust throughout Executive’s Protection Period for purposes of computing Executive’s age and service credit on the date Executive’s employment so terminates under any deferred compensation or welfare plan, policy or program (except a plan described in § 401 of the Code) maintained by SunTrust or a SunTrust Affiliate in which Executive is a participant and under which Executive’s benefit, or eligibility for a benefit, is based in whole or in part on Executive’s age or service or age and service, and Executive shall receive such age and service credit notwithstanding the terms of any such plan, policy or program.

Appears in 11 contracts

Samples: Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc)

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Additional Age and Service Credit. If Executive’s employment terminates under the circumstances described in § 3(a) 3.1 or § 3(f)3.6, Executive shall be deemed to have been employed by SunTrust throughout Executive’s Protection Severance Period for purposes of computing Executive’s age and service credit on the date Executive’s employment so terminates under any deferred compensation or welfare plan, policy or program (except a plan described in § Section 401 of the Code) maintained by SunTrust or a SunTrust Affiliate in which Executive is a participant and under which Executive’s benefit, or eligibility for a benefit, is based in whole or in part on Executive’s age or service or age and service, and Executive shall receive such age and service credit notwithstanding the terms of any such plan, policy or program.

Appears in 9 contracts

Samples: Change in Control Agreement (Suntrust Banks Inc), Waiver and Release Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc)

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Additional Age and Service Credit. If Executive’s 's employment terminates under the circumstances described in § 3(a) or § 3(f), Executive shall be deemed to have been employed by SunTrust throughout Executive’s 's Protection Period for purposes of computing Executive’s 's age and service credit on the date Executive’s 's employment so terminates under any deferred compensation or welfare plan, policy or program (except a plan described in § 401 of the Code) maintained by SunTrust or a SunTrust Affiliate in which Executive is a participant and under which Executive’s 's benefit, or eligibility for a benefit, is based in whole or in part on Executive’s 's age or service or age and service, and Executive shall receive such age and service credit notwithstanding the terms of any such plan, policy or program.

Appears in 2 contracts

Samples: Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc)

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