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under the applicable Employment Agreement or Separation Plan. For any Participant whose
Separation from Service occurs before a Change in Control under circumstances constituting a Pre-
CIC Termination, any Base Severance Amount payable under this Plan is reduced by amounts
previously paid with respect to Base Salary and annual short term incentive compensation under an
Employment Agreement or Separation Plan to the Participant for any period after the Separation from
Service. The CIC Severance Amounts are payable (or installment payments will commence) on (x) the
Executive’s Separation from Service date; or (y) for a Pre-CIC Termination, the closing date of the
Non-409ACIC, except that if the Release Consideration and Revocation Period ends on or after
December 15 of the calendar year in which the Participant incurs a Separation from Service, any
payments under this section 4.01(b)(iv)(B) that are otherwise payable in the calendar year of the
Participant’s Separation from Service shall be paid in a lump sum on the first business day of the
following calendar year.
(v) Health Coverage . A Participant may continue participation at then-existing participation and coverage levels
for the Applicable Period following the Separation from Service in the Corporation’s group health and life
insurance plans comparable to the terms in effect from time to time for the Corporation’s senior executives,
including any co-payment and premium payment requirements, except that: (A) after the Applicable Period
expires, the Participant will retain any rights to continue coverage under the group health plans under the
benefits continuation provisions pursuant to Section 4980B of the Code and to continue coverage under any
life insurance plans by paying the applicable premiums of such plans; (B) the Participant will no longer be
eligible to receive the benefits otherwise receivable under this subsection as of the date that the Participant
becomes eligible to receive comparable benefits from a new employer or otherwise; and (C) no Company may
provide a cash payment in lieu of the benefits provided under this subsection.
(vi) Outplacement . For a period ending on the last day of the second calendar year following the year in which the
Participant’s Separation from Service occurred, the Participant will receive outplacement services from a firm
selected by the applicable Company, at the Company’s expense, in an amount not to exceed $35,000. No
Company may provide a cash payment in lieu of this outplacement benefit.
(c) Equity and Long-Term Incentives . This Plan does not affect the vesting or payment of any equity or long-term
incentive grants or awards. Unvested equity and other long-term incentives as specified in individual award
agreements, if applicable, shall vest and pay with respect to each Participant in accordance with their terms.
CIC Severance Plan
Revision Date: 11.6.15 15