Common use of Post-Retirement Welfare Benefits Clause in Contracts

Post-Retirement Welfare Benefits. On the Termination Date, for purposes of determining Executive's eligibility for post-retirement benefits under any welfare benefit plan (as defined in section 3(1) of the Employee Retirement Income Security Act of 1974, as amended) maintained by Elco immediately prior to the Change of Control and in which Executive participated, immediately prior to the Change of Control (or, with respect to an Executive who is terminated prior to a Change of Control, the Termination Date), Executive shall be credited with the excess of two years of participation in the applicable medical plan and two years of age over the actual years and fractional years of participation and age credited to Executive as of the Change of Control (or Termination Date, as the case may be). If, after taking into account such participation and age, Executive would have been eligible to receive such post- retirement benefits had Executive retired immediately prior to the Change of Control (or Termination Date, as the case may be), Executive shall receive, commencing on the Termination Date, post-retirement benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change of Control (or Termination Date, as the case may be).

Post-Retirement Welfare Benefits. On the Termination Date, for purposes of determining Executive's eligibility for post-post- retirement benefits under any welfare benefit plan (as defined in section 3(1) of the Employee Retirement Income Security Act of 1974, as amended) maintained by Elco immediately prior to the Change of Control and in which Executive participated, immediately prior to the Change of Control (or, with respect to an Executive who is terminated prior to a Change of Control, the Termination Date), Executive shall be credited with the excess of two years of participation in the applicable medical plan and two years of age over the actual years and fractional years of participation and age credited to Executive as of the Change of Control (or Termination Date, as the case may be). If, after taking into account such participation and age, Executive would have been eligible to receive such post- post-retirement benefits had Executive retired immediately prior to the Change of Control (or Termination Date, as the case may be), Executive shall receive, commencing on the Termination Date, post-retirement benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change of Control (or Termination Date, as the case may be).