HomeMy WebLinkAbout2452 ARTICLE II
DEFINITIONS
The following words and phrases, when used throughout the plan,
shall have the following meanings unless the context clearly
indicates otherwise:
2.01 "ACCOUNT" shall mean the interest of a participant
of the Trust Fund as determined as of each Valuation
Date and as reflected in the records maintained by
the Trustees. The value of a Participant's Account,
for purposes of determining any benefit under the
Plan, shall be computed pursuant to Paragraph 5.02
~ of ARTICLE V, as of the Valuation Date next preceding
~ to the event requiring such valuation, unless other-
wise stated.
2.02 "AGE" shall mean the age of a Participant at his
` nearest birthday.
2.03 "ANNIVERSARY DATE" shall mean each January 31st
after the effective date.
2.04 "BENEFICIARY" shall mean the person or persons
entitled to receive any payments under the Trust
on the death of a Participant. -
2.05 "BOARD OF DIRECTORS" shall mean the Board of
Directors of Earl Leiffer Trucking Co., Inc.
Compensation 2.06 "COMPENSATION" of an Active Participant shall mean
includes over- the total renumeration actually paid or accrued
time and/or by the Employer to such Participant for the Fiscal
bonuses Year of the Employer of reference, exclusive of the
cost to the Employer for fringe benefits.
~ 2.07 "EFFECTIVE DATE" shall mean January 31, 1973
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