Common use of No MIP and No PUP Clause in Contracts

No MIP and No PUP. If Executive participates in a functional incentive plan but does not participate in either the MIP or the PUP, the amount described in this § 1.8(b) shall not exceed the amount which would have been described in § 1.8(b)(1) if Executive instead had been a participant in the MIP plus the amount which would have been described in § 1.8(c) if Executive had been a participant in the PUP.

Appears in 5 contracts

Samples: Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc)

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No MIP and No PUP. If Executive participates in a functional incentive plan but does not participate in either the MIP or the PUP, the amount described in this § ss. 1.8(b) shall not exceed the amount which would have been described in § ss. 1.8(b)(1) if Executive instead had been a participant in the MIP plus the amount which would have been described in § ss. 1.8(c) if Executive had been a participant in the PUP.

Appears in 1 contract

Samples: Change in Control Agreement (Suntrust Banks Inc)

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