Common use of Retirement Benefits Funded Clause in Contracts

Retirement Benefits Funded. Upon a Change in Control, any accrued but unfunded retirement benefit obligations to Officer under any then existing retirement plan shall be fully funded to a Rabbi Trust for the benefit of such Officer, which amount shall be paid in cash on the date of such Change in Control.

Appears in 10 contracts

Samples: Severance Agreement (Pioneer Natural Resources Co), Severance Agreement (Pioneer Natural Resources Co), Severance Agreement (Pioneer Natural Resources Co)

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