FOURTH AMENDMENT TO THE PHOENIX COMPANIES, INC. EXCESS INVESTMENT PLAN BY THIS AGREEMENT, The Phoenix Companies, Inc. Excess Investment Plan (the "Plan"), as amended and restated effective January 1994, is amended by this Fourth Amendment, effective December 1, 2001. Section 4.6 of the Plan is hereby amended in its entirety to read as follows: 4.06 Payment of Excess Investment Benefit. A Participant's Excess Investment Benefit shall be paid in a single lump sum or in installments over a period not exceeding ten (10) years as soon as practicable following: the Participant's retirement, Disability, other termination of service, or a date specified by the Participant on his or her Excess Investment Plan Election, which date must be more than two (2) years after the participant's deferral of the Excess Investment Benefit to be received on such date. A Participant shall make an irrevocable election as to the method of payment at the time the Participant makes an Excess Investment Plan Election in accordance with Section 4.03. A Participant who fails to make such an election shall be deemed to have elected a lump sum distribution of the Participant's Excess Investment Benefit. It is hereby provided that, if the Participant elects to participate in the Phoenix OPT Plan (a separate non-qualified retirement plan maintained by The Phoenix Companies, Inc.), the Employee's obligation for payment of Excess Investment Benefits under this Plan shall be irrevocably cancelled and the Participant shall have no rights or claims for Excess Investment Benefits under this Plan. IN WITNESS WHEREOF, this Fourth Amendment has been executed this ____ day of December, 2001. Phoenix Life Insurance Company Benefit Plans Committee Witness By Burns/Amendment/Fourth -Excess
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10-K Filing
Phoenix Companies (PNX) Inactive 10-K2001 FY Annual report
Filed: 27 Mar 02, 12:00am