SECOND AMENDMENT TO THE PHOENIX COMPANIES, INC. NON-QUALIFIED DEFERRED COMPENSATION AND EXCESS INVESTMENT PLANEmployee Benefits Plan Agreement |
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EXHIBIT 10.3
SECOND AMENDMENT TO
THE PHOENIX COMPANIES, INC. NON-QUALIFIED DEFERRED COMPENSATION
AND EXCESS INVESTMENT PLAN
As Amended and Restated Effective January 1, 2004
The Phoenix Companies, Inc. Non-Qualified Deferred Compensation and Excess Investment Plan, as amended and restated effective January 1, 2004 (the “Plan”), is further amended, effective July 1, 2007, as follows:
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1. |
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The last sentence of Section 2.01 of the Plan is amended and restated to read as follows: |
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In the absence of any such designation, the Beneficiary shall be the Participant’s spouse or domestic partner (as defined in the Savings and Investment Plan) or, if there is no spouse or domestic partner, the Participant’s estate. |
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Section 2.21 of the Plan is amended in its entirety to read as follows: |
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“Participating Employer” means each corporation that has adopted the Plan with the consent of the Benefit Plans Committee in accordance with Article X. |
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Article II of the Plan is amended to add the following new definitions in alphabetical order and shall be renumbered accordingly: |
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“Benefit” means the amount equal to the sum of a Participant’s Excess Investment Benefit and Deferred Compensation Benefit. |
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“Excess Investment Plan Election” means a Participant’s election to defer a portion of |
