Common use of Funding of Rabbi Trust Clause in Contracts

Funding of Rabbi Trust. Not later than 30 days following a Change in Control: (1) the Company shall contribute to a "rabbi trust" within the contemplation of IRS Revenue Procedure 92-64 (which trust and its assets shall be located within the United States) an amount equal to the amount that would be payable to the Executive under (i), (ii), (iii), and (v) of Section 7(b) (and, if applicable, under the last sentence of the first grammatical paragaph of Section 7(b)) upon a Termination of Employment described in Section 7(b), and (2) the trustee of the rabbi trust shall be irrevocably instructed to pay such amounts (plus earnings thereon) to the Executive upon the Executive's Termination of Employment, if the amounts due to the Executive hereunder are not otherwise paid to the Executive by the Company. The Company shall provide to Executive written evidence of compliance with this Section 5(d) within two business days after such contribution.

Funding of Rabbi Trust. Not later than 30 days following a Change in Control: (1) the Company shall contribute to a "“rabbi trust" ” within the contemplation of IRS Revenue Procedure 92-64 (which trust and its assets shall be located within the United States) an amount equal to the amount that would be payable to the Executive under (i), (ii), (iii), and (v) of Section 7(b) (and, if applicable, under the last sentence of the first grammatical paragaph of Section 7(b)) upon a Termination of Employment described in Section 7(b), and (2) the trustee of the rabbi trust shall be irrevocably instructed to pay such amounts (plus earnings thereon) to the Executive upon the Executive's ’s Termination of Employment, if the amounts due to the Executive hereunder are not otherwise paid to the Executive by the Company. The Company shall provide to Executive written evidence of compliance with this Section 5(d) within two business days after such contribution.

Funding of Rabbi Trust. Not later than 30 days following a Change in Control: (1) the Company shall contribute to a "“rabbi trust" ” within the contemplation of IRS Revenue Procedure 92-64 (which trust and its assets shall be located within the United States) an amount equal to the amount that would be payable to the Executive under (i), (ii), (iii), and (v) of Section 7(b) (and, if applicable, under the last sentence of the first grammatical paragaph paragraph of Section 7(b)) upon a Termination of Employment described in Section 7(b), and (2) the trustee of the rabbi trust shall be irrevocably instructed to pay such amounts (plus earnings thereon) to the Executive upon the Executive's ’s Termination of Employment, if the amounts due to the Executive hereunder are not otherwise paid to the Executive by the Company. The Company shall provide to Executive written evidence of compliance with this Section 5(d) within two business days after such contribution.