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HomeMy WebLinkAbout2462 ~ Payment 8.02 Any benefits payable under this Article shall be . schedule paid in accordance with and subject to the pro- visions of ARTICLE IX. Death of 8.03 In the event of the death of a Vested Partici- a vested pant, the provisions of ARTICLE VII shall apply. Participant ~ Reallocation 8.04 Any forfeitures will be reallocated among the of for- remaining Participants as provided in ARTICLE V. feitures ARTICLE IX REGULATIONS GOVERNING DISTRIBUTION OF BENEFITS 9.01 The following provisions shall be applicable for determing when the distribution of benefits shall be made: ~ In the event (a) In the event of retirement or death of a Parti- ~ of retirement cipant, the Trustees shall determine the exact ; or death, date on which payment of benefits will commence, f payments must and such date shall be no later than three (3) ~ begin 3 months months following the Valuation Date coincident b ; following the with or subsequent to the occurrence of such r Valuation Date event. ' ~ ~ ~ At termination(b) In the event of termination of employment of a ~ Trustees°~iecide Participant for reasons other than retirement ~ when to pay or death, the Trustees shall determine the vested amounts exact date on which the payment of the bene- ~ fits under the provisions of ARTICLE VIII will ~ commence, but such date shall be no later than ~ his normal retirement date or prior death. ~ ~ Payment 9.02 The following provisions shall be applicable for ~ Options determining the method of distribution of bene- ~ fits and such provisions may be applied singly , ~ or in any combination as determined by the ' ~ Trustees: ~ ` . _ ~ ~ (12) w.~ ~ ~ ~ f:~ 22~ F~F2~ ~ _ - - ~ ~q ~ ~ ~r~r "`^x -~.~a ^'€s'-w`_ ~~.~~_..~i~ ~ . ~ . 4~~~~~X , . ~ s ~