Common use of Savings and Investment Plans Clause in Contracts

Savings and Investment Plans. If and to the extent the Executive is a participant in the Savings and Investment Plans or any successor plan thereto ("SIP") and/or the Excess Investment Plan or any successor plan thereto ("EIP"), the Company shall pay the Executive a lump sum amount equal to the amount that the Company would have contributed to the SIP or credited to the EIP, over the two and one half years following the Executive's Date of Termination assuming that the Executive were contributing to each such plan during such period at the rate in effect immediately prior to the Date of Termination (or, if greater, at the rate in effect immediately prior to the Change of Control).

Appears in 6 contracts

Samples: Change in Control Agreement (Phoenix Companies Inc/De), Change in Control Agreement (Phoenix Companies Inc/De), Change in Control Agreement (Phoenix Companies Inc/De)

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Savings and Investment Plans. If and to the extent the Executive is a participant in the Savings and Investment Plans or any successor plan thereto ("SIP") and/or the Excess Investment Plan or any successor plan thereto ("EIP"), the Company shall pay the Executive a lump sum amount equal to the amount that the Company would have contributed to the SIP or credited to the EIP, over the two and one half years following the Executive's Date of Termination assuming that the Executive were contributing to each such plan during such period at the rate in effect immediately prior to the Date of Termination (or, if greater, at the rate in effect immediately prior to the Change of Control).

Appears in 1 contract

Samples: Change in Control Agreement (Phoenix Companies Inc/De)

Savings and Investment Plans. If and to the extent the Executive is a participant in the Savings and Investment Plans or any successor plan thereto ("SIP") and/or the Excess Investment Plan or any successor plan thereto ("EIP"), the Company shall pay the Executive a lump sum amount equal to the amount that the Company would have contributed to the SIP or credited to the EIP, over the two and one half years year following the Executive's Date of Termination assuming that the Executive were contributing to each such plan during such period at the rate in effect immediately prior to the Date of Termination (or, if greater, at the rate in effect immediately prior to the Change of Control).

Appears in 1 contract

Samples: Change in Control Agreement (Phoenix Companies Inc/De)

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Savings and Investment Plans. If and to the extent the Executive is a participant in the Savings and Investment Plans or any successor plan thereto ("SIP") and/or the Excess Investment Plan or any successor plan thereto ("EIP"), the Company shall pay the Executive a lump sum amount equal to the amount that the Company would have contributed to the SIP or credited to the EIP, over the two and one half three years following the Executive's Date of Termination assuming that the Executive were contributing to each such plan during such period at the rate in effect immediately prior to the Date of Termination (or, if greater, at the rate in effect immediately prior to the Change of Control).

Appears in 1 contract

Samples: Employment Continuation Agreement (Phoenix Companies Inc/De)

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