Common use of Employee Pension Benefit Plans Clause in Contracts

Employee Pension Benefit Plans. The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAP) did not, as of December 31, 2004, exceed by more than $473,000,000 the value of the assets of all such plans. In these cases the Company has recorded book reserves to meet the obligations.

Employee Pension Benefit Plans. The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans (including other post-retirement benefit plans) of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAP) did not, as of December 31, 20042020, exceed by more than $473,000,000 US$669,000,000 the value of the assets of all such plans. In these cases the The Company has recorded book reserves to meet this amount in its consolidated balance sheet for the obligationsyear ended December 31, 2020.

Employee Pension Benefit Plans. The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAPGAAP or SAP, as applicable) did not, as of December 31, 20042001, exceed by more than $473,000,000 397,000,000 the value of the assets of all such plans. In these cases the Company has recorded book reserves to meet the obligations.

Employee Pension Benefit Plans. The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans (including other post-retirement benefit plans) of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAP) did not, as of December 31, 20042017, exceed by more than $473,000,000 US$926,000,000 the value of the assets of all such plans. In these cases the The Company has recorded book reserves to meet this amount in its consolidated balance sheet for the obligationsyear ended December 31, 2017.

Employee Pension Benefit Plans. The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans (including other post-retirement benefit plans) of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAP) did not, as of December 31, 20042020, exceed by more than $473,000,000 US$669,000,000 the value of the assets of all such plans. In these cases the The Company has recorded book reserves to meet this amount in its consolidated balance sheet for the obligations.year ended December 31, 2020. #95460429v5

Employee Pension Benefit Plans. The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans (including other post-retirement benefit plans) of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAP) did not, as of December 31, 20042013, exceed by more than $473,000,000 US$985,000,000 the value of the assets of all such plans. In these cases the The Company has recorded book reserves to meet this amount in its consolidated balance sheet for the obligationsyear ended December 31, 2013.

Employee Pension Benefit Plans. The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAPGAAP or SAP, as applicable) did not, as of December 31, 20042000, exceed by more than $473,000,000 41,000,000 the value of the assets of all such plans. In these cases the Company has recorded book reserves to meet the obligations.

Employee Pension Benefit Plans. The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans (including other post-retirement benefit plans) of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAP) did not, as of December 31, 20042006, exceed by more than $473,000,000 465,000,000 the value of the assets of all such plans. In these cases the Company has recorded book reserves to meet the obligations.

Employee Pension Benefit Plans. The present aggregate value of accumulated benefit obligations of all unfunded and underfunded pension plans (including other post-retirement benefit plans) of the Company and its Subsidiaries (based on those assumptions used for disclosure in corporate financial statements in accordance with GAAP) did not, as of December 31, 20042010, exceed by more than $473,000,000 US$1,091,000,000 the value of the assets of all such plans. In these cases the The Company has recorded book reserves to meet this amount in its consolidated balance sheet for the obligationsyear ended December 31, 2010.