Northern Telecom Limited Directors Life Insurance Benefit Statement
This document outlines the eligibility and benefits for life insurance coverage provided to members of the Board of Directors of Northern Telecom Limited. Directors who are not and were not active employees are eligible for $100,000 in life insurance. Retired directors who meet certain age or service requirements receive $75,000 in coverage. The agreement specifies that only non-employee directors, including those who retire at age 65 or after ten years of service, qualify for these benefits.
EXHIBIT 10.30
STATEMENT
Eligibility to be an Insured Person
A person is eligible to be an insured person
| (a) | on April 1, 1984 if on the day prior to such date the person is a member of the Board of Directors of Northern Telecom Limited, or, | |
| (b) | on the date that the person becomes a member of the Board of Directors of Northern Telecom Limited if after April 1, 1984, |
provided the person is not an active employee of Northern Telecom Limited.
Schedule of Benefits
Classification of Insured Person Life Insurance 1. All directors who are not and were not active employees of Northern Telecom Limited. $ 100,000 2. All retired directors who are not and were not active employees of Northern Telecom Limited and who retire
from the Board of Directors of Northern Telecom Limited $ 75,000 (a) upon or after their attainment of age sixty-five, or (b) when having served, for a period of not less than ten years, as a director of Northern Telecom Limited
or of any corporation directly or indirectly controlled by Northern Telecom Limited.
