Common use of Split Dollar Clause in Contracts

Split Dollar. The Qualifying Termination shall not constitute a termination of any Split Dollar Agreement between the Company and the Executive (or the split dollar agreement between a successor company or an Affiliate and the Executive), and the Executive shall be deemed to have retired upon such Qualifying Termination for purposes of such Split Dollar Agreement (or the split dollar agreement between a successor company or an Affiliate and the Executive).

Appears in 2 contracts

Samples: Severance Agreements (Baltimore Gas & Electric Co), Employment Agreement (Baltimore Gas & Electric Co)

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Split Dollar. The Qualifying Termination shall not constitute a termination of any the Split Dollar Agreement between the Company and the Executive (or the split dollar agreement between a successor company or an Affiliate and the Executive), and the Executive shall be deemed to have retired upon such Qualifying Termination for purposes of such Split Dollar Agreement (or the split dollar agreement between a successor company or an Affiliate and the Executive).

Appears in 2 contracts

Samples: Severance Agreement (Baltimore Gas & Electric Co), Severance Agreement (Baltimore Gas & Electric Co)

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Split Dollar. The Qualifying Termination shall not constitute a termination of any the Split Dollar Agreement between the Company and the Executive (or the split dollar agreement between a successor company or an Affiliate and the Executive), and the Executive shall be deemed to have retired upon such Qualifying Termination for purposes of such Split Dollar Agreement (or the split dollar agreement between a successor company or an Affiliate and the Executive).

Appears in 1 contract

Samples: Severance Agreement (Constellation Energy Group Inc)

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