Continued Maintenance. A Rabbi Trust, entitled the "Russ▇▇▇ ▇▇▇poration Non-Qualified Deferred Compensation Trust," shall continue to be maintained for the benefit of the Executive (the "Trust"). The Trust shall continue to be irrevocable and contain the amounts contributed and deposited thereto by the Company pursuant to the Prior Agreement in addition to any interest or income generated by such amounts. The Trust shall continue to at least earn interest at a variable rate (adjusted annually on the anniversary of the Effective Date) equal to the Merr▇▇▇ ▇▇▇c▇ ▇▇▇porate Bond Rate published in The Wall Street Journal.
Appears in 2 contracts
Sources: Executive Deferred Compensation and Buyout Plan (Russell Corp), Employment Agreement (Russell Corp)
Continued Maintenance. A Rabbi Trust, entitled the "Russ“▇▇▇▇▇▇▇ ▇▇▇poration Corporation Non-Qualified Deferred Compensation Trust," ” shall continue to be maintained for the benefit of the Executive (the "“Trust"’). The Trust shall continue to be irrevocable and contain the amounts contributed and deposited thereto by the Company pursuant to the Prior Agreement in addition to any interest or income generated by such amounts. The Trust shall continue to at least earn interest at a variable rate (adjusted annually on the anniversary of the Effective Date) equal to the Merr▇▇▇▇▇▇▇ ▇▇▇c▇▇ ▇▇▇porate Corporate Bond Rate published in The Wall Street Journal.
Appears in 1 contract
Sources: Employment Agreement (Russell Corp)