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ARTICLE X
[)EA`IN BENEFITS
. I tem 11
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X:1 Eligibility liequiranents for present anci future ~mployees for
Incidental Gife Insurance:
(a) Eiave completed 1~Year (s) of E.;Qloyment with the :
~
~ Employer.
_ (b) Have attained 25 Years of Aqe. '
Iten -12
X:1 O 'Itie total face amount of any Life Insurance Con-
~ tract(s).shall be times the Nbnthly Retirement
Benefit. If the Participant ~s other than a stan- :
~ dard insurance risk under he rules of the Ir~surer,
; the Life Insurance Contract shall be a:
! ( ) (a) Graded Death 3enefit Contract
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; ( ) (b) Fixed Annuity Contract
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~ (c) No contract shall be pucchased and
g ~ such Monthly Retire~ent 6enefit
~ ~ shall-be funded through the ZYust
Account.
~ ( X) 'lt~e Present value of the Participant's Retirement
F Annuities accrued as of the Anniversary Oat~e im-
~ - ~ mediately preceding the Participant's death.
~ 'riie greater of, tl) the death proceeds from the
life insurance Contracts(s) purchased on behalf of
the Participant or, (2) the reserves of the life
~ insurance Contract(s) purchased on tiehalE of the :
a Participant plus the present value of the Parti- °
~ cipant's accrued eenefit as of the Anniversary Date s
~ immediately preceding the Pacticipant's death. ~
~ ( ) Other. 3
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