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, 1994, exceed by more than $605,000,000 the value of the assets of all such plans. Of such $605,000,000, $540,000,000 is primarily attributable to employee pension plans in countries where the funding of such obligations is not required or customary and $65,000,000 relates primarily to domestic pension plans where funding is not permitted under current tax regulations. In these cases the Company has recorded book reserves to meet the obligations. Trust assets totalling approximately $45,000,000 have been established to provide for certain of the foregoing domestic pension benefits, however, because of restrictions relating to bankruptcy or insolvency, such funds are not included in the funded amount of plans for purposes of GAAP.

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, 19941999, exceed by more than $605,000,000 184,000,000 the value of the assets of all such plans. Of such $605,000,000184,000,000, $540,000,000 113,000,000 is primarily attributable to employee pension plans in countries where the funding of such obligations is not required or customary and $65,000,000 71,000,000 relates primarily to domestic pension plans where funding is not permitted under current tax regulations. In these cases the Company has recorded book reserves to meet the obligations. Trust assets totalling totaling approximately $45,000,000 37,400,000 have been established to provide for certain of the foregoing domestic pension benefits, however, because of restrictions relating to bankruptcy or insolvency, such funds are not included in the funded amount of plans for purposes of GAAP.

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, 19942003, exceed by more than $605,000,000 641,400,000 the value of the assets of all such plans. Of such $605,000,000641,400,000, $540,000,000 179,600,000 is primarily attributable to employee pension plans in countries where the funding of such obligations is not required or customary and $65,000,000 98,700,000 relates primarily to domestic pension plans where funding is not permitted under current tax regulations. In these cases the Company has recorded book reserves to meet the obligations. Trust assets totalling totaling approximately $45,000,000 29,000,000 have been established to provide for certain of the foregoing domestic pension benefits, however, because of restrictions relating to bankruptcy or insolvency, such funds are not included in the funded amount of plans for purposes of GAAP.

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, 19942004, exceed by more than $605,000,000 470,200,000 the value of the assets of all such plans. Of such $605,000,000470,200,000, $540,000,000 200,300,000 is primarily attributable to employee pension plans in countries where the funding of such obligations is not required or customary and $65,000,000 96,900,000 relates primarily to domestic pension plans where funding is not permitted under current tax regulations. In these cases the Company has recorded book reserves to meet the obligations. Trust assets totalling totaling approximately $45,000,000 10,000,000 have been established to provide for certain of the foregoing domestic pension benefits, however, because of restrictions relating to bankruptcy or insolvency, such funds are not included in the funded amount of plans for purposes of GAAP."