Common use of SALARY CONTINUATION BENEFIT Clause in Contracts

SALARY CONTINUATION BENEFIT. You will receive continued payment of your current base salary of $270,000/year, less required deductions, which shall be paid to you on a bi-weekly basis in accordance with Key’s normal payroll procedures for a period of twelve (12) months, from June 1, 2015 through May 31, 2016 (“Salary Continuation”). All voluntary payroll deductions will cease as of your Retirement Date. In addition, your participation in Key’s 401(k) Plan and Deferred Savings Plan ends as of your Retirement Date.

SALARY CONTINUATION BENEFIT. You will receive continued payment of your current base salary of $270,000650,000/year, less required deductions, which shall be paid to you on a bi-weekly basis in accordance with Key’s normal payroll procedures for a period of twelve (12) months, from June July 1, 2015 2013 through May 31July 1, 2016 2014 (“Salary Continuation”). All voluntary payroll deductions will cease as of your Retirement Termination Date. In addition, your participation in Key’s 401(k) Plan and Deferred Savings Plan ends as of your Retirement Termination Date.