Common use of Retirement and Savings Plan Participation Clause in Contracts

Retirement and Savings Plan Participation. For the period beginning on the day after the Termination Date and ending on the third anniversary of the Termination Date (the “Continuing Benefit Period”), Key shall cause Mxxxx to continue to be covered by and to participate in all Retirement Plans and Savings Plans that he was entitled to be covered by and participating in as an officer of Key immediately before the Termination Date in the same manner and to the same extent as if Mxxxx continued in the full-time employ of Key throughout the Continuing Benefit Period, except where such coverage or participation is Impermissible. For these purposes: (i) the entire Continuing Benefit Period shall be included in determining Mxxxx’x years of service, (ii) amounts received by Mxxxx under clause (c)(i) above shall be deemed to be base salary received by Mxxxx ratably during the Continuing Benefit Period, and (iii) amounts received by Mxxxx under clause (c)(ii) above shall be deemed to be incentive compensation received by Mxxxx ratably during the Continuing Benefit Period and shall, if relevant, be allocated between short term incentive compensation and long term incentive compensation based on the degree to which awards of each type of incentive compensation were taken into account in determining Average Annual Incentive Compensation. If, at any time during the Continuing Benefit Period, Key determines in good faith that continuing Mxxxx’x coverage by and participation in any of the Retirement Plans or any of the Savings Plans during the Continuing Benefit Period is Impermissible, Mxxxx shall not be covered by and participate in such affected plan or plans during the Continuing Benefit Period, but Key shall provide to Mxxxx under this Agreement, as a supplemental retirement benefit, payments and benefits that put Mxxxx in the same position that he would have been in had he continued to be covered by and participated in all such affected plan or plans throughout the Continuing Benefit Period to the same extent as he was a participant immediately before the Termination Date, with the supplemental payments and benefits under this sentence being payable to Mxxxx (or, if applicable, to his wife, estate, or designated beneficiary) at the same time and with the same payment options as would be applicable under the affected plan or plans in question.

Retirement and Savings Plan Participation. For the period beginning on the day after the Termination Date and ending on the third anniversary of the Termination Date (the “"Continuing Benefit Period”"), Key shall cause Mxxxx Xxxxx to continue to be covered by and to participate in all Retirement Plans and Savings Plans that he was entitled to be covered by and participating in as an officer of Key immediately before the Termination Date in the same manner and to the same extent as if Mxxxx Xxxxx continued in the full-time employ of Key throughout the Continuing Benefit Period, except where such coverage or participation is Impermissible. For these purposes: (i) the entire Continuing Benefit Period shall be included in determining Mxxxx’x Xxxxx'x years of service, (ii) amounts received by Mxxxx Xxxxx under clause (c)(i) above shall be deemed to be base salary received by Mxxxx Xxxxx ratably during the Continuing Benefit Period, and (iii) amounts received by Mxxxx Xxxxx under clause (c)(ii) above shall be deemed to be incentive compensation received by Mxxxx Xxxxx ratably during the Continuing Benefit Period and shall, if relevant, be allocated between short term incentive compensation and long term incentive compensation based on the degree to which awards of each type of incentive compensation were taken into account in determining Average Annual Incentive Compensation. If, at any time during the Continuing Benefit Period, Key determines in good faith that continuing Mxxxx’x Xxxxx'x coverage by and participation in any of the Retirement Plans or any of the Savings Plans during the Continuing Benefit Period is Impermissible, Mxxxx Xxxxx shall not be covered by and participate in such affected plan or plans during the Continuing Benefit Period, but Key shall provide to Mxxxx Xxxxx under this Agreement, as a supplemental retirement benefit, payments and benefits that put Mxxxx Xxxxx in the same position that he would have been in had he continued to be covered by and participated in all such affected plan or plans throughout the Continuing Benefit Period to the same extent as he was a participant immediately before the Termination Date, with the supplemental payments and benefits under this sentence being payable to Mxxxx Xxxxx (or, if applicable, to his wife, estate, or designated beneficiary) at the same time and with the same payment options as would be applicable under the affected plan or plans in question.

Retirement and Savings Plan Participation. For the period beginning on the day after the Termination Date and ending on the third anniversary of the Termination Date (the “"Continuing Benefit Period”"), Key shall cause Mxxxx to Meyex xx continue to be covered by and to participate in all Retirement Plans and Savings Plans that he was entitled to be covered by and participating in as an officer of Key immediately before the Termination Date in the same manner and to the same extent as if Mxxxx continued Meyex xxxtinued in the full-time employ of Key throughout the Continuing Benefit Period, except where such coverage or participation is Impermissible. For these purposes: (i) the entire Continuing Benefit Period shall be included in determining Mxxxx’x years Meyex'x xxxrs of service, (ii) amounts received by Mxxxx under Meyex xxxer clause (c)(ia)(i) above shall be deemed to be base salary received by Mxxxx ratably Meyex xxxably during the Continuing Benefit Period, and (iii) amounts received by Mxxxx under Meyex xxxer clause (c)(iia)(ii) above shall be deemed to be incentive compensation received by Mxxxx ratably Meyex xxxably during the Continuing Benefit Period and shall, if relevant, be allocated between short term incentive compensation and long term incentive compensation based on the degree to which awards of each type of incentive compensation were taken into account in determining Average Annual Incentive Compensation. If, at any time during the Continuing Benefit Period, Key determines in good faith that continuing Mxxxx’x coverage Meyex'x xxxerage by and participation in any of the Retirement Plans or any of the Savings Plans during the Continuing Benefit Period is Impermissible, Mxxxx shall Meyex xxxll not be covered by and participate in such affected plan or plans during the Continuing Benefit Period, but Key shall provide to Mxxxx under Meyex xxxer this Agreement, as a supplemental retirement benefit, payments and benefits that put Mxxxx in Meyex xx the same position that he would have been in had he continued to be covered by and participated in all such affected plan or plans throughout the Continuing Benefit Period to the same extent as he was a participant immediately before the Termination Date, with the supplemental payments and benefits under this sentence being payable to Mxxxx Meyex (orxx, if applicable, to his wife, estate, or designated beneficiary) at the same time and with the same payment options as would be applicable under the affected plan or plans in question.

Retirement and Savings Plan Participation. For the period beginning on the day after the Termination Date and ending on the third anniversary of the Termination Date (the “Continuing Benefit Period”), Key shall cause Mxxxx to continue to be covered by and to participate in all Retirement Plans and Savings Plans that he was entitled to be covered by and participating in as an officer of Key immediately before the Termination Date in the same manner and to the same extent as if Mxxxx continued in the full-time employ of Key throughout the Continuing Benefit Period, except where such coverage or participation is Impermissible. For these purposes: (i) the entire Continuing Benefit Period shall be included in determining Mxxxx’x years of service, (ii) amounts received by Mxxxx under clause (c)(i) above shall be deemed to be base salary received by Mxxxx ratably during the Continuing Benefit Period, and (iii) amounts received by Mxxxx under clause clauses (c)(ii) and (c)(iii) above shall be deemed to be incentive compensation received by Mxxxx ratably during the Continuing Benefit Period and shall, if relevant, be allocated between short term incentive compensation and long term incentive compensation based on the degree to which awards of each type of incentive compensation were taken into account in determining Average Annual Incentive CompensationPeriod. If, at any time during the Continuing Benefit Period, Key determines in good faith that continuing Mxxxx’x coverage by and participation in any of the Retirement Plans or any of the Savings Plans during the Continuing Benefit Period is Impermissible, Mxxxx shall not be covered by and participate in such affected plan or plans during the Continuing Benefit Period, but Key shall provide to Mxxxx under this Agreement, as a supplemental retirement benefit, payments and benefits that put Mxxxx in the same position that he would have been in had he continued to be covered by and participated in all such affected plan or plans throughout the Continuing Benefit Period to the same extent as he was a participant immediately before the Termination Date, with the supplemental payments and benefits under this sentence being payable to Mxxxx (or, if applicable, to his wife, estate, or designated beneficiary) at the same time and with the same payment options as would be applicable under the affected plan or plans in question.