March 13, 2002 Robert W. Fiondella Hartford, Connecticut This letter (the "Letter") will clarify the intent of certain provisions of the Change in Control Agreement (the "Agreement") dated November 6, 2000 and the Severance Letter of Agreement (the "Contract") dated December 20, 2000. It was not intended that the Executive be precluded from receiving the benefits of the Agreement or the Contract if he or she elected to retire under the Company's retirement plans, provided other change in control or severance triggers had occurred. We also want to clarify the intent of Section 4(a)(i)(D)(1) of the Agreement which reads in part ". . . .and achieved the age that he/she would have achieved at the end of such . . . . year period." In addition to computing the benefit payable under the Agreement, this age modification will apply to the calculation of any benefits that the Executive might receive under the Company's Supplemental Executive Retirement Plan, including benefits which might otherwise be payable under the Employee Pension Plan. Carl T. Chadburn Executive Vice President
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10-K Filing
Phoenix Companies (PNX) Inactive 10-K2001 FY Annual report
Filed: 27 Mar 02, 12:00am