Common use of Post Retirement Coverage Clause in Contracts

Post Retirement Coverage. If Executive would be entitled to post-retirement medical coverage within 2 years following Executive’s Covered Termination date if Executive had remained employed, the Company or the Employer will provide the coverage as follows: (A) the coverage provided will be the coverage in effect immediately before Executive’s Covered Termination date; and (B) coverage will begin on the later of (i) the date on which the post-retirement medical coverage would have become available or (ii) the date on which the benefits under Section 2(c)(1) end; and (C) the post-retirement medical coverage so provided will be that as in effect from time to time for retired employees (which coverage may be amended or terminated at any time by the Company or the Employer).