HomeMy WebLinkAbout1917 is in the form of commisaions, it is defined as the monthly equi-
- valent of average coa~aissions received over the previoua twenty-
four months, provided, however, that averages~shall not be deter-
mined more often than every two qears for any individual.
2.05 "Participant" shall mean an E'mployee who has applied
in writing to become a participant in this Pension Trust.
2.06 "Policy" shall meaa a life insurance or annuity
contract issued by an Insurer. ~ -
2.07 "Insurer" shall mean a legal reserve life insurance
co~npany which shall issue a Policy under this Trust.
2.08 "Beneficiary" shall mean any person, estate, trust,
or organization entitled to receive any payment under this Trust
on the death of a Participant.
2.09 "Entry Date" shall mean February 1, 1965, and each
anniversary thereof.
2.10 "Age" shall mean age at nearest birthday.
, 2.11 "Continuous P~ployment" shall mean that period
immediately prior to his becoming eligible under this Trust during
which an 8mploqee as defined in 2.04 was e~mployed continuously by
the Employer. Such period shall include leaves of absence granted
~ as sucli~iy the Employer, and periods of absence in connection with
~ military service during which the F~m~ploqee~s e~ployment rights
were protected by law. However, no Employee who was not a Partici-
pant at the cam~encement of such leave of absence shall be eligible
to become a Participant until after his return to employment with
--the Employer following such leave of absence. ~
2.12 "Normal Retirement Date" shall meau: for an Employee
~
~ not over the Age of 55 on the Entry Date when he becomes a Partici- - ~
pant, the anniversary of such Entry Date nearest to his 65th birthday;
for an F~uployee ove~ the Age of 55 on the Bntry Date when he becomes
a Participant, the tenth aimiversary of such Entry Date. ;
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