Common use of Pension Plan Modification Clause in Contracts

Pension Plan Modification. 1306 The buyer must agree that employees age 50-54 and whose age plus credited service equal or 1307 exceed 65 years and who are involuntarily separated as a result of layoff from the successor 1308 Company, will be eligible for the following retirement benefits, beginning as early as age 50: 1309 Retiree life insurance, as provided to Eversource NH retirees, beginning at separation; 1310 Continuation of health benefits at COBRA rates until age 55, after which retiree health 1311 benefits and contributions apply; 1312 1313 Option to begin pension payments before age 55. Total pension payments from Eversource and the successor Company would be as follows (prorated for partial years):

Pension Plan Modification. 1306 The buyer must agree that employees age 50-54 and whose age plus credited service equal or 1307 exceed 65 years and who are involuntarily separated as a result of layoff xxxxxx from the successor 1308 Company, will be eligible for the following retirement benefits, beginning as early as age 50: 1309 Retiree life insurance, as provided to Eversource NH retirees, beginning at separation; 1310 Continuation of health benefits at COBRA rates until age 55, after which retiree health 1311 benefits and contributions apply; 1312 1313 Option to begin pension payments before age 55. Total pension payments from Eversource and the successor Company would be as follows (prorated for partial years):

Pension Plan Modification. 1306 The buyer must agree that employees age 50-54 and whose age plus credited service equal or 1307 exceed 65 years and who are involuntarily separated as a result of layoff from the successor 1308 Company, will be eligible for the following retirement benefits, beginning as early as age 50: 1309 Retiree life insurance, as provided to Eversource NH retirees, beginning at separation; 1310 Continuation of health benefits at COBRA rates until age 55, after which retiree health 1311 benefits and contributions apply; 1312 1313 Option to begin pension payments before age 55. Total pension payments from Eversource and the successor Company would be as follows (prorated for partial years):): Age When Benefits