Second Amendment to The Phoenix Companies, Inc. Equity Deferral Plan (Effective June 26, 2015)

Summary

This amendment updates The Phoenix Companies, Inc. Equity Deferral Plan, originally amended and restated effective January 1, 2009. Effective June 26, 2015, it revises the definition of "Beneficiary" to clarify who will receive plan benefits if an employee dies. The new definition allows employees to designate beneficiaries, including trusts, and specifies the order of default beneficiaries if no designation is made: surviving spouse, then children, then the employee's estate.

EX-10.48 8 pnx-20151231xexhibit1048.htm EXHIBIT 10.48 Exhibit

EXHIBIT 10.48

SECOND AMENDMENT TO

THE PHOENIX COMPANIES, INC.

EQUITY DEFERRAL PLAN

As Amended and Restated Effective January 1, 2009

The Phoenix Companies, Inc. Equity Deferral Plan (the "Plan"), as amended and restated effective January 1, 2009, is amended effective June 26, 2015 as follows:


1.	Section 2.03 is amended in its entirety to read as follows:

2.03

“Beneficiary” means the person(s) or entity, including one or more trusts, last designated by an Employee on a form or electronic media and accepted by the Committee or its duly authorized representative as a beneficiary, co-beneficiary, or contingent beneficiary to receive benefits payable under the Plan in the event of the death of the Employee. In the absence of any such designation, the Beneficiary shall be (i) the Employee’s surviving spouse, (ii) if there is no surviving spouse, the Employee’s children (including stepchildren and adopted children) per stirpes, or (iii) if there is no surviving spouse and/or children per stirpes, the Employee’s estate.