Common use of Severance Health Benefits Clause in Contracts

Severance Health Benefits. The Company shall provide to the Executive the substantially equivalent value of the medical and dental benefits provided to active employees for three years after the Qualifying Termination and thereafter to any retiree of the Company or a successor or an Affiliate (whichever is the Executive’s employer) who has attained the deemed age and service used to compute supplemental retirement benefits in Section 2(b) above.

Severance Health Benefits. The Company shall provide to the Executive the substantially equivalent value of the medical and dental benefits provided to active employees for three years after the Qualifying Termination and thereafter to any retiree of the Company or a successor company or an Affiliate (whichever is the Executive’s employer) who has attained age 65 and completed the deemed age and service used to compute supplemental retirement benefits in Section 2(b) abovegreater of 20 years or actual years of service.