Common use of Deferred Savings Plan Benefit Clause in Contracts

Deferred Savings Plan Benefit. Key shall pay to Executive, at the time specified in Section 1.5 a lump sum cash payment, which shall equal the amount of corporate contributions that Executive otherwise would have been eligible to receive under the KeyCorp Deferred Savings Plan if Executive actively deferred 6% or more of his base salary and 6% or more of his incentive compensation award to the KeyCorp Deferred Savings Plan during the 18-month Continuing Benefit Period. For purposes of this Section 1.2(d), the amount provided to Executive under clause 1.2(b)(i) will be deemed to be Executive’s base salary paid ratably during the 18-month Continuing Benefit Period, and the amounts to be provided to Executive under clause 1.2(b)(ii) will be deemed to be Executive’s incentive compensation paid ratably during the 18-month Continuing Benefit Period.

Deferred Savings Plan Benefit. Key shall pay to the Executive, at the time specified in Section 1.5 1.5, a lump sum cash payment, which shall equal the amount of corporate contributions that Executive otherwise would have been be eligible to receive under the KeyCorp Deferred Savings Plan if Executive actively deferred 6% or more of his base salary and 6% or more of his incentive compensation award to the KeyCorp Deferred Savings Plan during the 1836-month Continuing Benefit Period. For purposes of this Section 1.2(d1.1(d), the amount amounts provided to Executive under clause 1.2(b)(i1.1(b)(i) will be deemed to be Executive’s base salary paid ratably during the 1836-month Continuing Benefit Period, and the amounts amount to be provided to Executive under clause 1.2(b)(ii1.1(b)(ii) will be deemed to be Executive’s incentive compensation paid ratably during the 1836-month Continuing Benefit Period.

Deferred Savings Plan Benefit. Key shall pay to Executive, at the time specified in Section 1.5 1.5, a lump sum cash payment, which shall equal the amount of corporate contributions that Executive otherwise would have been eligible to receive under the KeyCorp Deferred Savings Plan if Executive actively deferred 6% or more of his base salary and 6% or more of his incentive compensation award to the KeyCorp Deferred Savings Plan during the 18-month Continuing Benefit Period. For purposes of this Section 1.2(d), the amount provided to Executive under clause 1.2(b)(i) will be deemed to be Executive’s base salary paid ratably during the 18-month Continuing Benefit Period, and the amounts to be provided to Executive under clause 1.2(b)(ii) will be deemed to be Executive’s incentive compensation paid ratably during the 18-month Continuing Benefit Period.

Deferred Savings Plan Benefit. Key shall pay to the Executive, at the time specified in Section 1.5 1.5, a lump sum cash payment, which shall equal the amount of corporate contributions that Executive otherwise would have been be eligible to receive under the KeyCorp Deferred Savings Plan if Executive actively deferred 6% or more of his base salary and 6% or more of his incentive compensation award to the KeyCorp Deferred Savings Plan during the 1824-month Continuing Benefit Period. For purposes of this Section 1.2(d1.1(d), the amount amounts provided to Executive under clause 1.2(b)(i1.1(b)(i) will be deemed to be Executive’s base salary paid ratably during the 1824-month Continuing Benefit Period, and the amounts amount to be provided to Executive under clause 1.2(b)(ii1.1(b)(ii) will be deemed to be Executive’s incentive compensation paid ratably during the 1824-month Continuing Benefit Period.