HomeMy WebLinkAbout2216 had attained age 5S when he first becam~ a particip3nt, the
anniversary of the plan ~~arest the completion date by sucn
e~Floyee of ten years' participatioa in the plan.
"participant" shall mean an employee who is eliqible
to and does participate in the plan.
"Plan" ahall mean the penaion trust eatablished by the
agreement.
"Trust Fund" shall mean L~11 property he13 by the truatee
under the plan, including, wlthout limitation thereto, all
contracts, the auxiliary iund and cash.
"Trustee" shall mean the trustee oziginally acting here-
under and any other person, bank or entity which may frou? time
to time act as trustee her~under.
III. ELIGIBILITY AND FARTICIPATION
1. Eligibilty tor Partici~ation. All employees on the
effective date of the plan who have been continuously er.~-
~ ployed tor a peri.od of at lease twelve months prior to such
i
~ effective date are eligible to become participants. Any
~
~ person becoming an employee atter the effective date of the
plan ehall be eligible to become a participant on the anniver-
, sary date of the plan (if he continuea to be employed on such
date) coincidinq with or next tollowing the coeapletion of tWO~
years of continuous servioe and the attainment of aqe 25 ana
provided that he shall not have attained aqe 55 on or before
such anniversary date. person who hecomes an employee
again after a terrninAtion of Ur:.or continuous er.?ployment (for
reasona other than illnes8, military service, vacation or
authorized leave ot absence) shall not receive credit for such
~
~
~ ~
~
~
~ 3 -
~2~4 ~~15 ~
i'ROL'CII tr~V~RD. w~rroRrrs:s w~r t.sw, t~s~.?xn~u. st.oxms
-
_ _
M, l : . ~€-u.
~~~.~:~`~~'''~,s..~ ~~aa ~