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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/10/22 American Financial Group Inc. S-8 11/10/22 5:246K Broadridge Fin’l So… Inc |
Document/Exhibit Description Pages Size 1: S-8 Registration Statement - Securities for an HTML 53K Employee Benefit Plan 2: EX-5 Opinion of Counsel re: Legality HTML 9K 3: EX-10 Material Contract HTML 91K 4: EX-23.2 Consent of Expert or Counsel HTML 6K 5: EX-FILING FEES Filing Fees Table HTML 11K
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1.
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Establishment and Purpose
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1
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2.
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Plan Objectives
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1
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a.
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Accumulate income for retirement; and
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1
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b.
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Provide opportunity for financial growth.
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1
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3.
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Definitions
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1
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a.
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“Account”
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1
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b.
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“Administrator”
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1
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c.
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“Base Salary”
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1
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d.
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“Bonus”
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1
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e.
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“Code”
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1
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f.
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“Company”
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2
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g.
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“Compensation”
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2
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h.
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“Disabled” or “Disability”
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2
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i.
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“Election Form”
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2
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j.
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“Employee”
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2
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k.
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“Interest Election”
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2
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l.
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“Investment Fund Election”
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2
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m.
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“Participant”
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2
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n.
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“Plan”
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2
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o.
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“Plan Year”
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2
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p.
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“Retirement”.
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2
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q.
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“Separation from Service”
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2
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r.
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“Specified Employee”
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2
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4.
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Eligibility
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3
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5.
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Participation
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3
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6.
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Deferred Compensation Account
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3
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7.
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Deferral Sources
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3
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8.
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Crediting of Earnings
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4
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9.
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Payment
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4
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a.
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Time of Payment.
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4
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b.
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Form of Payment.
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5
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c.
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Method of Payment.
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5
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d.
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Subsequent Elections.
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5
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10.
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Account Statement
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5
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11.
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Hardship Distributions; Cancellations of Deferrals
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6
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12.
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Beneficiary Designation
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6
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13.
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General Provisions
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6
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a.
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Participant’s Rights Unsecured
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6
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b.
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Non-assignability.
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6
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c.
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Administration.
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6
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d.
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Amendment and Termination.
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7
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e.
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Construction.
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7
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f.
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Employment Rights.
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7
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g.
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No Bonus Rights..
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7
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h.
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Compliance with Section 409A of the Code.
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7
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1. |
Establishment and Purpose
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2. |
Plan Objectives
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a. |
Accumulate income for retirement; and
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b. |
Provide opportunity for financial growth.
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3. |
Definitions
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a. |
“Account” means the record maintained for each Participant to which all deferrals, earnings (or losses) and distributions are credited and debited for each Plan Year.
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b. |
“Administrator” means the person or persons appointed by the Board of Directors of the Company who is responsible for those functions assigned to the Administrator under the terms of the Plan.
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c. |
“Base Salary” means annual base pay, production bonuses and commissions regardless of the frequency received. Base Salary excludes any annual performance bonuses and other extraordinary payments, payable by the Company to a Participant.
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d. |
“Bonus” means any direct lump-sum payment from an annual performance bonus plan paid for services rendered in addition to the Participant’s Base Salary.
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e. |
“Code” means the Internal Revenue Code of 1986, as amended.
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f. |
“Company” means American Financial Group, Inc. and (unless the context indicates otherwise) its subsidiaries and affiliates.
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g. |
“Compensation” means Base Salary and Bonus.
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h. |
“Disabled” or “Disability” means the Participant is (i) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, or (ii) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period
of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.
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j. |
“Employee” means an employee of the Company.
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k. |
“Interest Election” means the method of crediting earnings described in Section 8.
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l. |
“Investment Fund Election” means the method of crediting earnings described in Section 8.
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n. |
“Plan” means this American Financial Group, Inc. Deferred Compensation Plan, as amended and restated from time to time.
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o. |
“Plan Year” means the calendar year, January 1 through December 31.
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p. |
“Retirement” means Separation from Service at the earlier of (1) on or after attaining age 60; or (2) on or after attaining age 55 and being credited with 10 or more years of service with the Company.
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q. |
“Separation from Service” means the termination of employment with the Company. Whether a termination of employment has occurred shall be determined based on whether the facts and circumstances indicate that the Company and the
Participant reasonably anticipate that no further services would be performed after a certain date or that the level of bona fide services would permanently decrease to no more than 20 percent of the average level of bona fide services
performed over the immediately preceding 36-month period (or the full period of employment if the Participant has been employed by the Company less than 36 months). A Participant is not treated as having terminated employment while the
Participant is on military leave, sick leave or other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long as the individual retains a right to reemployment under an applicable statute or
by contract. The determination of whether a Separation of Service has occurred shall be based on applicable regulations and other applicable legal authority under Section 409A of the Code.
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4. |
Eligibility
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5. |
Participation
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a. |
For each Plan Year, a deferred compensation Account will be established for each Participant.
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c. |
The Administrator shall maintain all Accounts.
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7. |
Deferral Sources
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c. |
Compensation deferred under this Plan shall be credited to the Participant’s Account on the date such amounts would have otherwise been paid.
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d. |
Except as provided in Section 11.b, the deferral sources and amounts elected for a given Plan Year are irrevocable.
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8. |
Crediting of Earnings
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a. |
There shall be credited to the Account of each Participant an additional amount of earnings (or losses) determined under this Section 8.
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9. |
Payment
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i. |
(A) Specified Payment Year. If a Participant elects a specified payment year, and the specified payment year occurs prior to the Participant’s Separation from Service, the payment will begin in January of the specified payment
year. Similarly, if the Participant elects a specified payment year, and the Participant has a Separation from Service that is a Retirement, the payment will begin in January of the year of the specified payment year.
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ii. |
(B) & (C) Retirement. If the Participant has elected payment upon Retirement, and the Participant has a Separation from Service that is a Retirement, the payment will be in January of the year following Retirement. If the
Participant has elected payment upon Retirement plus some number of years, and the Participant has a Separation from Service that is a Retirement, the payment will begin in January of the year following the date which is the specified
number of years following Participant’s Retirement.
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iii. |
Separation from Service, Death or Disability. Notwithstanding a Participant’s election, a Participant who has a Separation from Service (other than Retirement), dies, or becomes Disabled shall have his or her Account paid in a
single lump sum in cash as soon as administratively reasonable after such Separation from Service (other than Retirement), death, or Disability, but in no event later than 90 days after such Separation from Service (other than Retirement),
death, or Disability, provided the Participant does not have a right to designate the taxable year of payment.
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d. |
Subsequent Elections. Subsequent elections to change the time and form of payment must meet the following requirements:
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i. |
An election shall not be effective until 12 months after the date the election is made.
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ii. |
For a payment election other than a payment on account of Disability, death, or the occurrence of an unforeseeable emergency, as defined in Section 11.a, payment must be deferred for a period of not less than five years from the date
such payment would otherwise have been paid (or in the case of installment payments, five years from the date the first amount was scheduled to be paid).
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iii. |
For a payment election related to a payment at a specified time or pursuant to a fixed schedule, such election must be made not less than 12 months before the date the payment is scheduled to be paid (or in the case of installment
payments, 12 months before the first amount was scheduled to be paid).
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iv. |
No acceleration of any distribution shall be permitted except for any acceleration permitted by Treasury regulations, including, but not limited to, the following: to the extent necessary to fulfill a domestic relations order (as defined
in Section 414(p)(1)(B) of the Code), to the extent necessary to comply with ethics laws or conflicts of interest laws, or to pay the FICA tax imposed under Section 3121(v)(2) of the Code on Compensation deferred under the Plan.
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10. |
Account Statement
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11. |
Hardship Distributions; Cancellations of Deferrals
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12. |
Beneficiary Designation
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a. |
A Participant shall have the right to designate one or more beneficiaries and to change any beneficiary previously designated.
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13. |
General Provisions
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a. |
Participant’s Rights Unsecured. The right of any Participant to receive payments under the provisions of this Plan shall be an unsecured claim against the general assets of the Company. It is not
required or intended that the amounts credited to the Participant’s Account be segregated on the books of the Company or be held by the Company in trust for a Participant and a Participant shall not have any claim to or against a specific
asset or assets of the Company. All credits to an Account are for bookkeeping purposes only.
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d. |
Amendment and Termination. This Plan may at any time or from time to time be amended or terminated. No amendment, modification or termination shall adversely affect the Participant’s rights under
this Plan.
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e. |
Construction. The singular shall also include the plural where appropriate.
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f. |
Employment Rights. This Plan does not constitute a contract of employment and participation in the Plan will not give any Participant the right to be retained in the employ of the Company.
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g. |
No Bonus Rights. This Plan does not confer the right for a Participant to receive a Bonus.
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h. |
Compliance with Section 409A of the Code. This Plan is intended to be interpreted in a manner that is based on the applicable regulations and other applicable legal authority under Section 409A of
the Code, including any applicable exemptions thereunder. Notwithstanding the foregoing, the Company makes no representation that the payments provided under this Plan comply with Section 409A of the Code, and in no event shall the Company
be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by a Participant (or beneficiary) on account of non-compliance with Section 409A of the Code.
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American Financial Group, Inc.
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By:
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Karl J. Grafe
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Vice President
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AFG Fixed Interest Fund
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• |
DFA US Small Cap Portfolio Fund
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Fidelity Balanced Fund
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Fidelity Capital & Income Fund
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Fidelity Emerging Markets Fund
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Fidelity Inflation-Protected Bond Index Fund
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Fidelity International Discovery Fund
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Fidelity Leveraged Comp Stock Fund
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Fidelity Total Market Index Fund
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Vanguard LifeStrategy Conservative Growth Fund
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Vanguard LifeStrategy Growth Fund
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Vanguard LifeStrategy Income Fund
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Vanguard LifeStrategy Moderate Growth Fund
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This ‘S-8’ Filing | Date | Other Filings | ||
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Filed on / Effective on: | 11/10/22 | None on these Dates | ||
1/1/22 | ||||
1/1/05 | ||||
1/1/00 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/23/24 American Financial Group Inc. 10-K 12/31/23 133:30M 2/24/23 American Financial Group Inc. 10-K 12/31/22 132:34M |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 11/04/22 American Financial Group Inc. 10-Q 9/30/22 87:18M 11/03/22 American Financial Group Inc. 8-K:2,8,9 11/02/22 13:8.2M Donnelley … Solutions/FA 8/05/22 American Financial Group Inc. 10-Q 6/30/22 88:18M 5/20/22 American Financial Group Inc. 8-K:5 5/18/22 11:238K Broadridge Fin’l So… Inc 5/09/22 American Financial Group Inc. 10-Q 3/31/22 89:14M 2/25/22 American Financial Group Inc. 10-K 12/31/21 129:34M |