HomeMy WebLinkAbout2456 Employee 3.03 To become a Participant, each Employee must
must agree execute such application forms as are re-
to parti- quired. By signing such forms, an Employee
cipate in agrees to be bound by all the terms, condi-
the plan tions and covenants of this Plan as then in
within'two effect or as thereafter amended. No Employee
months of eli- shall become a Participant unless he, within
gibility two (2) months after the date he receives ~
and fill out notice of his eligibility for participation,
any required completes all the required forms prescribed by
forms. the Trustees. If he fails to perform within
the required time, he may become a Partici-
pant on any subsequent Anniversary Date when
he shall have completed the necessary acts.
~ However, in such a case, the Participant shall
only be entitled to benefits hereunder in re-
spect of service after the Anniversary Date
as of which he in fact becomes a Participant
pursuant to the foregoing.
Right to 3.04 Every Employee, in his application, may de-
designate a signate a Beneficiary or Beneficiaries for any
' beneficiary death benefit. Such designation of a Bene-
~ and change ficiary or Beneficiaries and the methods of
s designation settlement may be changed from time to time
~ at any time. by the Participant by filing new designations
fi with the Trustees. -
~
~ Payments if Upon receipt of such designation or change in
~ no Beneficiary designation, the Trustees shall forthwith take
~ designation such action as may be required to effectuate
~ such designation or change in designation. If
~ any Participant shall fail to designate a
~ Beneficiary, the Trustees shall be empowered
LL to designate a Beneficiary or Beneficiaries on
his behalf, but only among the following, in
~ the order named:
~
(a) Spouse
~ (b) Children
-
~ (c) Parents
~ (d) Brothers and Sisters
(e) Estate of the Participant
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