Common use of Unfunded Deferred Compensation Clause in Contracts

Unfunded Deferred Compensation. On the Effective Date of a Change of Control, Executive shall become fully vested in all benefits previously accrued under any deferred compensation Plan (including any SERP) that is not qualified under Section 401(a) of the Code (a "Non-Qualified Plan"). Within thirty (30) business days after any such Effective Date, as applicable, the Company shall pay to Executive a lump-sum cash amount equal to:

Appears in 5 contracts

Samples: Employment Agreement (Russell Corp), Employment Agreement (Russell Corp), Employment Agreement (Russell Corp)

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Unfunded Deferred Compensation. On the Effective Date of a Change of Control, Executive shall become fully vested in all benefits previously accrued under any deferred compensation Plan (including any a SERP) that is not qualified under Section 401(a) of the Code (a "Non-Qualified Plan"). Within thirty (30) five business days after any such the Effective Date, as applicableDate of a Change of Control, the Company shall pay to Executive a lump-sum cash amount equal to:

Appears in 4 contracts

Samples: Change of Control Employment Agreement (Allstate Corp), Control Employment Agreement (Allstate Corp), Control Employment Agreement (Allstate Corp)

Unfunded Deferred Compensation. On the Effective Date of Upon a Change of Control, Executive shall become fully vested in all benefits previously accrued under any deferred compensation Plan (including any supplemental executive retirement Plan that is a Non-Qualified Plan ("SERP")) that is not qualified under Section 401(a) of the Code (a "Non-Qualified Plan"). Within thirty (30) business days after any such Effective Date, as applicablethe date of the Change of Control, the Company shall pay to Executive a lump-sum cash amount equal to:

Appears in 2 contracts

Samples: Employment Agreement (Russell Corp), Employment Agreement (Russell Corp)

Unfunded Deferred Compensation. On the Effective Date of a Change of Control, Executive shall become fully vested in all benefits previously accrued under any deferred compensation Plan plan (including any SERP) that is not qualified under Section 401(a) of the Code (a "Non-Qualified Plan"). Within thirty (30) business days after any such Effective Date, as applicable, the Company shall pay to Executive a lump-sum cash amount equal to:

Appears in 2 contracts

Samples: Employment Agreement (Russell Corp), Employment Agreement (Russell Corp)

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Unfunded Deferred Compensation. On the Effective Date of a Change of Control, Executive shall become fully vested in all benefits previously accrued under any deferred de­ferred compensation Plan (including any a SERP) that is not qualified under Section 401(a) of the Code (a "Non-Qualified Plan"). Within thirty (30) business five busi­ness days after any such the Effective Date, as applicableDate of a Change of Control, the Company shall pay to Executive a lump-sum cash amount equal to:

Appears in 1 contract

Samples: Change of Control Employment Agreement (Allstate Corp)

Unfunded Deferred Compensation. On the Effective Date of a Change of Control, Executive shall become fully vested in all benefits previously accrued under any deferred compensation Plan (including any SERP) that is not qualified under Section 401(a) of the Code (a "Non-Qualified Plan"). Within thirty (30) business days after any such Effective Date, as applicable, the Company shall pay to Executive a lump-sum cash amount equal to:

Appears in 1 contract

Samples: Control Employment Agreement (Russell Corp)

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