Payable in ten equal annual installments beginning when the
executive terminates employment after attaining the age of 65.
The terms of the Employment Agreements stipulate that in the
event of a change in control the determination and payment of
any benefits following a qualified termination would be
exclusively governed by the provisions of any existing Change in
Control Severance Agreement. Under either agreement, the
executives would also be entitled to continuation of health
insurance and other welfare benefits.
In the case of termination for disability, payment would be
reduced by the amount of disability compensation received by the
executive pursuant to the National Dentexs long-term