Common use of Retiree Medical Benefits Clause in Contracts

Retiree Medical Benefits. If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

Appears in 12 contracts

Samples: Change in Control Severance Agreement (Polaroid Corp), Change in Control Severance Agreement (Polaroid Corp), Change in Control Severance Agreement (Polaroid Corp)

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Retiree Medical Benefits. If the Executive is is, or would become fifty-five (55) or older and older, or the Executive's ’s age and service equal sixtyfifty-five (6555) and Executive has at least five two (52) years of service with the Company Company, within two (2) years of the Change in of Control, the Executive is eligible for retiree medical benefits (as such are determined immediately prior to the Change in of Control). The Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in of Control.

Appears in 1 contract

Samples: Coley Pharmaceutical Group, Inc.

Retiree Medical Benefits. If within three (3) years after Change in Control, the Executive is or would become be at least fifty-five (55) or older and with the Executive's age and service equal to sixty-five (65) and the Executive has would have at least five (5) years of service with the Company within two (2) years of Change in ControlCompany, the Executive is shall be eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). The Executive is eligible to shall commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.. (e)

Appears in 1 contract

Samples: Employment Agreement (Polaroid Corp)

Retiree Medical Benefits. If within two (2) years after Change in Control, the Executive is or would become be at least fifty-five (55) or older and with the Executive's age and service equal to sixty-five (65) and the Executive has would have at least five (5) years of service with the Company within two (2) years of Change in ControlCompany, the Executive is shall be eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). If eligible, the Executive is eligible to shall commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Polaroid Corp)

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Retiree Medical Benefits. If the Executive is is, or would become fifty-five (55) or older and older, or the Executive's ’s age and service equal sixtyfifty-five (6555) and Executive has at least five two (52) years of service with the Company within two (2) years of Change in Control, the Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). The Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

Appears in 1 contract

Samples: Change of Control Agreement (Coley Pharmaceutical Group, Inc.)

Retiree Medical Benefits. If within three (3) years after Change in Control, the Executive is or would become be at least fifty-five (55) or older and with the Executive's age and service equal to sixty-five (65) and the Executive has would have at least five (5) years of service with the Company within two (2) years of Change in ControlCompany, the Executive is shall be eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). The Executive is eligible to shall commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Polaroid Corp)

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