Common use of Impermissible Clause in Contracts

Impermissible. The term “Impermissible,” when used in the context of the Executive’s continued coverage by and participation in any of the Retirement Plans or Savings Plans shall mean that such a continuation would violate the provisions of any such plan, would cause any such plan that is or is intended to be qualified under Section 401(a) of the Internal Revenue Code to fail to be so qualified, would require shareholder approval, or would be unlawful.

Appears in 5 contracts

Sources: Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/), Severance Agreement (Keycorp /New/)

Impermissible. The term "Impermissible,” ", when used in the context of the Executive’s 's continued coverage by and participation in any of the Retirement Plans or Savings Plans shall mean that such a continuation would violate the provisions of any such plan, would cause any such plan that is or is intended to fail to be qualified under Section 401(a) of the Internal Revenue Code to fail to be so qualifiedCode, would require shareholder approval, or would be unlawful.

Appears in 4 contracts

Sources: Executive Employment Agreement (Direct Iii Marketing Inc), Executive Employment Agreement (Direct Iii Marketing Inc), Executive Employment Agreement (Direct Iii Marketing Inc)

Impermissible. The term "Impermissible," when used in the context of the Executive’s 's continued coverage by and participation in any of the Retirement Plans or Savings Plans shall mean that such a continuation would violate the provisions of any such plan, would cause any such plan that is or is intended to be qualified under Section 401(a) of the Internal Revenue Code to fail to be so qualified, would require shareholder approval, or would be unlawful.

Appears in 3 contracts

Sources: Severance Agreement (Keycorp /New/), Change of Control Agreements (Keycorp /New/), Severance Agreement (Keycorp /New/)

Impermissible. The term “Impermissible,” when used in the context of the Executive’s M▇▇▇▇’▇ continued coverage by and participation in any of the Retirement Plans or Savings Plans shall mean that such a continuation would violate the provisions of any such plan, would cause any such plan that is or is intended to be qualified under Section 401(a) of the Internal Revenue Code to fail to be so qualified, would require shareholder approval, or would be unlawful.

Appears in 2 contracts

Sources: Employment Agreement (Keycorp /New/), Employment Agreement (Keycorp /New/)

Impermissible. The term "Impermissible," when used in the context of the Executive’s continued Meye▇'▇ ▇▇▇tinued coverage by and participation in any of the Retirement Plans or Savings Plans shall mean that such a continuation would violate the provisions of any such plan, would cause any such plan that is or is intended to be qualified under Section 401(a) of the Internal Revenue Code to fail to be so qualified, would require shareholder approval, or would be unlawful.

Appears in 2 contracts

Sources: Employment Agreement (Keycorp /New/), Employment Agreement (Keycorp /New/)

Impermissible. The term "Impermissible," when used in the context of the Executive’s 's continued coverage by and participation in any of the Retirement Plans or Savings Plans shall mean that such a continuation would violate the provisions of any such plan, would cause any such plan that is or is intended to be qualified under Section 401(a) of the Internal Revenue Code to fail to be so qualified, would require shareholder approval, or would be unlawful.Internal

Appears in 1 contract

Sources: Severance Agreement (Keycorp /New/)

Impermissible. The term "Impermissible," when used in the context of the Executive’s ▇▇▇▇▇'▇ continued coverage by and participation in any of the Retirement Plans or Savings Plans shall mean that such a continuation would violate the provisions of any such plan, would cause any such plan that is or is intended to be qualified under Section 401(a) of the Internal Revenue Code to fail to be so qualified, would require shareholder approval, or would be unlawful.

Appears in 1 contract

Sources: Employment Agreement (Keycorp /New/)