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~ ~ Foc a Participant who is compensated on a
weekly salary basis, his monthly earninqs
shall equal his basic weekly salary as of the
first oE the calendar r~onth n~xt preceding
such anniversary date multipliec~ by 4 1/3,
~Item 2 in the Adoption Agreement) for the
prece~ing ca~~ar year conveite~to a monthly
basis.
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For a Participant who is compensated on an
hourly-wage basis, his monthly earnings shall
equal his basic hourly-waqe rate 3s of the
first of the calendar month next preceeding
such anniversary date muitiplied by 173.3,
(Item 2 in the Ado tion A reement) for the
prece ing ca en ar year converte to a monthly .
basis.
(g) "Agreement": This agreement with all amendments
and supplements thereto. '
(h) "Insurer": Any leqal reserve 1iEe insurance com- '
pany licensed to do business in the ~tate where
this Plan and Trust are located.
(i) "Insurance C~ntract": Any form of whole life in- ;
surance, fixec~ annuity, or variable annuity policy ?
issued by the Insurer. All policies shall be owned_ ~
. ~ by the ^.'rust~~e ~n~, as directed by ~the Pension ;
Committee, held in the possession of either the '
Trustee, Insurer, or Employer.
(j) "Normal Retirement Oate": The Nor~~nal Ketitement
Date of a Participant shall mean the date specified
by the employer in Item 3 in the Adoption Agreement.
(k) "Normal Annuity Form": The Normal Annuity Form
shall be a life retirement annuity which provides
monthly payments to the Participant, the first ;
payment becoming due on such Participant's retire- ~
ment date, if he is then living, and subsequent ;
payments of a like amount monthly thereafter during
the lifetime of such Parti~ipant, terminating with
the last payn+ent due preceding the death of such
participant; provi~ed, however, that if the death ~
of the Participant shall occur after the Eirst such
monthly payment and before (Item 4 in the Ado tion
~A ~reement) guaranteed monthly payments ave een
made, the computed value of the remaining guaranteed
payments, as determined by the policy provisions, .
` will be paid~to the beneficiary authorized to re-
ceive such payments.
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