Bonus Award. Payments under this § 3.1(c)(5) shall reduce any amounts otherwise payable pursuant to the terms of the MIP or FIP, as applicable, at the end of the calendar year in which Executive terminates employment. Notwithstanding anything herein to the contrary, any portion of the amounts set forth below that have been elected or scheduled to be deferred and credited under the SunTrust Banks, Inc. Deferred Compensation Plan or any other nonqualified plan maintained by SunTrust or a SunTrust Affiliate shall not be paid under this § 3.1(c)(5).
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)
