Common use of Deferred Savings Plan Benefit Clause in Contracts

Deferred Savings Plan Benefit. Within 30 days of the Executive’s Termination Date, Key shall provide the Executive with a lump sum cash payment, which shall equal the amount of corporate contributions that the Executive otherwise would be eligible to receive under the KeyCorp Deferred Savings Plan as if the 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 Section

Appears in 4 contracts

Samples: Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/)

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Deferred Savings Plan Benefit. Within 30 days of the Executive’s Termination Date, Key shall provide the Executive with a lump sum cash payment, which shall equal the amount of corporate contributions that the Executive otherwise would be eligible to receive under the KeyCorp Deferred Savings Plan as if the 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 SectionSection 1.2

Appears in 3 contracts

Samples: Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/)

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Deferred Savings Plan Benefit. Within 30 days of the Executive’s Termination Date, Key shall provide the Executive with a lump sum cash payment, which shall equal the amount of corporate contributions that the Executive otherwise would be eligible to receive under the KeyCorp Deferred Savings Plan as if the 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 Sectionshall

Appears in 1 contract

Samples: Severance Agreement (Keycorp /New/)

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