Common use of Deferred Savings Plan Benefit Clause in Contracts

Deferred Savings Plan Benefit. Key shall pay to the 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 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 36-month Continuing Benefit Period. For purposes of this Section 1.1(d), the amounts provided to Executive under clause 1.1(b)(i) will be deemed to be Executive’s base salary paid ratably during the 36-month Continuing Benefit Period, and the amount to be provided to Executive under clause 1.1(b)(ii) will be deemed to be Executive’s incentive compensation paid ratably during the 36-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 be 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 3618-month Continuing Benefit Period. For purposes of this Section 1.1(d1.2(d), the amounts amount provided to Executive under clause 1.1(b)(i1.2(b)(i) will be deemed to be Executive’s base salary paid ratably during the 3618-month Continuing Benefit Period, and the amount amounts to be provided to Executive under clause 1.1(b)(ii1.2(b)(ii) will be deemed to be Executive’s incentive compensation paid ratably during the 3618-month Continuing Benefit Period.

Deferred Savings Plan Benefit. Key shall pay to the 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 be 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 3618-month Continuing Benefit Period. For purposes of this Section 1.1(d1.2(d), the amounts amount provided to Executive under clause 1.1(b)(i1.2(b)(i) will be deemed to be Executive’s base salary paid ratably during the 3618-month Continuing Benefit Period, and the amount amounts to be provided to Executive under clause 1.1(b)(ii1.2(b)(ii) will be deemed to be Executive’s incentive compensation paid ratably during the 3618-month Continuing Benefit Period.

Deferred Savings Plan Benefit. Key shall pay to the 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 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 3624-month Continuing Benefit Period. For purposes of this Section 1.1(d), the amounts provided to Executive under clause 1.1(b)(i) will be deemed to be Executive’s base salary paid ratably during the 3624-month Continuing Benefit Period, and the amount to be provided to Executive under clause 1.1(b)(ii) will be deemed to be Executive’s incentive compensation paid ratably during the 3624-month Continuing Benefit Period.