Retiree Medical Insurance. If during the two year period after the date of the Change of Control, but after the date of your termination of employment (which entitles you to benefits under this Change of Control Agreement), you would have been eligible for early or normal retirement under the terms and conditions of any pension or retirement plan sponsored by the Corporation (or any subsidiary of the Corporation) in which you participate, then you will be eligible to participate in any insured medical plan that the Corporation has in place to provide medical benefits similar to those provided by the Corporation's retiree medical plan (the "Retiree Insured Plan"). You will be eligible to participate in the Retiree Insured Plan beginning on the date you would have been eligible for an early or normal retirement had your employment not been terminated and continuing until such time (if any) as the Corporation ceases to provide retiree medical insurance, or the insurance available under the Retiree Insured Plan is no longer available. Until the end of the thirty-six (36) month period following your termination date, the Corporation will pay your full cost of the Retiree Insured Plan. If as of your employment termination date (either because of your Qualifying Termination within the required time period or your voluntary termination during the Anniversary Window Period), you are eligible to participate in the Corporation's retiree medical plan, if any, the cost of your participation in the applicable retiree medical plan will be paid by the Corporation for the thirty-six (36) month period following your termination date. After the end of this thirty-six (36) month period, you will be responsible to pay the applicable retiree contribution percentage to participate in the Corporation's retiree medical plan. Similarly, if you are participating in the Retiree Insured Plan, you will be required to pay the equivalent contribution as if you had been eligible to participate in the Corporation's retiree medical plan. The Corporation reserves the right to amend or terminate its retiree medical plan at any time. Any such amendment or termination that applies equally to all covered individuals also will apply to you. The Corporation also reserves the right to amend or terminate any Retiree Insured Plan as long as a comparable amendment or termination is being made at the same time to the Corporation's retiree medical plan. A Retiree Insured Plan also may be amended if such amendment is required by the insurer and a Retiree Insured Plan may be terminated if the underlying insurance cannot be obtained from a reputable insurer.
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Samples: Change of Control Agreement (Phelps Dodge Corp), Change of Control Agreement (Phelps Dodge Corp)
Retiree Medical Insurance. If during the two year period after the date of the Change of Control, but after the date of your termination of employment (which entitles you to benefits under this Change of Control Agreement), you would have been eligible for early or normal retirement under the terms and conditions of any pension or retirement plan sponsored by the Corporation (or any subsidiary of the Corporation) in which you participate, then you will be eligible to participate in any insured medical plan (the “Retiree Insured Plan”) that the Corporation has in place to provide medical benefits similar to those provided by the Corporation's ’s retiree medical plan (the "Retiree Insured Plan")plan. You will be eligible to participate in the Retiree Insured Plan beginning on the date you would have been eligible for an early or normal retirement had your employment not been terminated and continuing until such time (if any) as the Corporation ceases to provide retiree medical insurance, or the insurance available under the Retiree Insured Plan is no longer available. Until the end of the thirty-six (36) month period following your termination date, the Corporation will pay your full cost of the Retiree Insured Plan. If as of your employment termination date (either because of your Qualifying Termination within the required time period or your voluntary termination during the Anniversary Window Period), you are eligible to participate in the Corporation's ’s retiree medical plan, if any, the cost of your participation in the applicable retiree medical plan will be paid by the Corporation for the thirty-six (36) month period following your termination date. After the end of this thirty-six (36) month period, you will be responsible to pay the applicable retiree contribution percentage to participate in the Corporation's ’s retiree medical plan. Similarly, if you are participating in the Retiree Insured Plan, you will be required to pay the equivalent contribution as if you had been eligible to participate in the Corporation's ’s retiree medical plan. The Corporation reserves the right to amend or terminate its retiree medical plan at any time. Any such amendment or termination that applies equally to all covered individuals also will apply to you. The Corporation also reserves the right to amend or terminate any Retiree Insured Plan as long as a comparable amendment or termination is being made at the same time to the Corporation's ’s retiree medical plan. A Retiree Insured Plan also may be amended if such amendment is required by the insurer and a Retiree Insured Plan may be terminated if the underlying insurance cannot be obtained from a reputable insurer.
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Retiree Medical Insurance. If during the two year period after the date of the Change of Control, but after the date of your termination of employment (which entitles you to benefits under this Change of Control Agreement), you would have been eligible for early or normal retirement under the terms and conditions of any pension or retirement plan sponsored by the Corporation (or any subsidiary of the Corporation) in which you participate, then you will be eligible to participate in any insured medical plan that the Corporation has in place to provide medical benefits similar to those provided by the Corporation's ’s retiree medical plan (the "Retiree Insured Plan")plan. You will be eligible to participate in the Retiree Insured Plan beginning on the date you would have been eligible for an early or normal retirement had your employment not been terminated and continuing until such time (if any) as the Corporation ceases to provide retiree medical insurance, or the insurance available under the Retiree Insured Plan is no longer available. Until the end of the thirtytwenty-six four (3624) month period following your termination date, the Corporation will pay your full cost of the Retiree Insured Plan. If as of your employment termination date (either because of your Qualifying Termination within the required time period or your voluntary termination during the Anniversary Window Periodperiod), you are eligible to participate in the Corporation's ’s retiree medical plan, if any, the cost of your participation in the applicable retiree medical plan will be paid by the Corporation for the thirtytwenty-six four (3624) month period following your termination date. After the end of this thirtytwenty-six four (3624) month period, you will be responsible to pay the applicable retiree contribution percentage to participate in the Corporation's ’s retiree medical plan. Similarly, if you are participating in the Retiree Insured Plan, you will be required to pay the equivalent contribution as if you had been eligible to participate in the Corporation's ’s retiree medical plan. The Corporation reserves the right to amend or terminate its retiree medical plan at any time. Any such amendment or termination that applies equally to all covered individuals also will apply to you. The Corporation also reserves the right to amend or terminate any Retiree Insured Plan as long as a comparable amendment or termination is being made at the same time to the Corporation's ’s retiree medical plan. A Retiree Insured Plan also may be amended if such amendment is required by the insurer and a Retiree Insured Plan may be terminated if the underlying insurance cannot be obtained from a reputable insurer.
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Retiree Medical Insurance. If during the two year period after the date of the Change of Control, but after the date of your termination of employment (which entitles you to benefits under this Change of Control Agreement), you would have been eligible for early or normal retirement under the terms and conditions of any pension or retirement plan sponsored by the Corporation (or any subsidiary of the Corporation) in which you participate, then you will be eligible to participate in any insured medical plan that the Corporation has in place to provide medical benefits similar to those provided by the Corporation's retiree medical plan (the "Retiree Insured Plan"). You will be eligible to participate in the Retiree Insured Plan beginning on the date you would have been eligible for an early or normal retirement had your employment not been terminated and continuing until such time (if any) as the Corporation ceases to provide retiree medical insurance, or the insurance available under the Retiree Insured Plan is no longer available. Until the end of the thirtytwenty-six four (36) month 24)-month period following your termination date, the Corporation will pay your full cost of the Retiree Insured Plan. If as of your employment termination date (either because of your Qualifying Termination within the required time period or your voluntary termination during the Anniversary Window Periodperiod), you are eligible to participate in the Corporation's retiree medical plan, if any, the cost of your participation in the applicable retiree medical plan will be paid by the Corporation for the thirtytwenty-six four (36) month 24)-month period following your termination date. After the end of this thirtytwenty-six four (36) month 24)-month period, you will be responsible to pay the applicable retiree contribution percentage to participate in the Corporation's retiree medical plan. Similarly, if you are participating in the Retiree Insured Plan, you will be required to pay the equivalent contribution as if you had been eligible to participate in the Corporation's retiree medical plan. The Corporation reserves the right to amend or terminate its retiree medical plan at any time. Any such amendment or termination that applies equally to all covered individuals also will apply to you. The Corporation also reserves the right to amend or terminate any Retiree Insured Plan as long as a comparable amendment or termination is being made at the same time to the Corporation's retiree medical plan. A Retiree Insured Plan also may be amended if such amendment is required by the insurer and a Retiree Insured Plan may be terminated if the underlying insurance cannot be obtained from a reputable insurer.
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