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 Plan or any successor plan thereto (“SIP”) and/or the Non-Qualified Deferred Compensation and Excess Investment Plan or any successor plan thereto (“EIP”), the Company shall pay the Executive, as soon as practicable, but no later than 60 days, after the Executive’s Date of Termination, on a nonqualified basis, a lump sum equal to the amount that the Company would have contributed to the SIP and/or credited to the EIP, over the 2.5 years following the Executive’s Date of Termination assuming that the Executive was 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 in Control).

Appears in 2 contracts

Samples: Change in Control Agreement (Virtus Investment Partners, Inc.), Change in Control Agreement (Virtus Investment Partners, Inc.)

AutoNDA by SimpleDocs

Savings and Investment Plans. If and to the extent the Executive is a participant in the Savings and Investment Plan Plans or any successor plan thereto (“SIP”) and/or the Non-Qualified Deferred Compensation and Excess Investment Plan or any successor plan thereto (“EIP”), subject to Section 13(b), the Company shall pay the Executive, as soon as practicable, practicable (but no later not more than 60 30 days, ) after the Executive’s Date of Termination, on a nonqualified basis, a lump sum amount equal to the amount that the Company would have contributed to the SIP and/or or credited to the EIP, over the 2.5 three years following the Executive’s Date of Termination assuming that the Executive was 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 in of Control).

Appears in 1 contract

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

Savings and Investment Plans. If and to the extent the Executive is a participant in the Savings and Investment Plan or any successor plan thereto (“SIP”) and/or the Non-Qualified Deferred Compensation and Excess Investment Plan or any successor plan thereto (“EIP”), the Company shall pay the Executive, as soon as practicable, but no later than 60 days, after the Executive’s Date of Termination, on a nonqualified basis, a lump sum equal to the amount that the Company would have contributed to the SIP and/or credited to the EIP, over the 2.5 [«Number»] years following the Executive’s Date of Termination assuming that the Executive was 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 in Control).

Appears in 1 contract

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

AutoNDA by SimpleDocs

Savings and Investment Plans. If and to the extent the Executive is a participant in the Savings and Investment Plan or any successor plan thereto (“SIP”) and/or the Non-Qualified Deferred Compensation and Excess Investment Plan or any successor plan thereto (“EIP”), the Company shall pay the Executive, as soon as practicable, but no later than 60 days, after the Executive’s Date of Termination, on a nonqualified basis, a lump sum equal to the amount that the Company would have contributed to the SIP and/or credited to the EIP, over the 2.5 [number] years following the Executive’s Date of Termination assuming that the Executive was 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 in Control).

Appears in 1 contract

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

Time is Money Join Law Insider Premium to draft better contracts faster.