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(a) the amount of any life insurance under this
Plan and Trust on the li~e of such Partici-~
pant at time of death, and
(b) the additional death benefit s~ecified by the
Employer in Item 13 in the Adoption A~reement.
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If, as of the anniversary date, a Participant's prospec-
tive monthly retirement annuity has been reduced~to the ~
point which would result in a reauction in the amount
of his death benefit of at least 52,000, and such re-
duction has been effective on each of two successive
anniversary dates, then, and in that event, the Pension
Committee may direct the Trustee to continue i~ force
.the amount of the reduction in the life insurance as_an
investment of the trust with the Trustee as the bene-
ficiary thereunder.
X:.2 The beneficiary oE any death proceeds of any life insur-
j ance issued hereunder shall be designated in writing by
the Participant. A married Participant may not desig-
i nate a beneficiary other than his spouse without her
written consent. With respect to any death benefit
c, _ provided hereunder, the Participant shall file a bene-
! ficiary designation with the Pension Committee and the
~ Participant, during his lifetime, shall have the ~ight,
which may be successively exercised by written instrwnent
~ filed with the Pension Committee and received by the
' Trustee in the form oE a directive, to request a change
of his designated beneficia~y. In the event the desig-
nated benef-iciary is not living at the death of the
Participant or if no beneficiary has been designated,
the death benefit shall be payable to the estate of the
Participant.
X:3 In the event of the death of a Participant, the Trustee,
upon direction of the Pension Committee, shall notify
~ the Insurer and take such action as so directed by the
Penaion Committee to make claim far payment of death
~ benefits. Such contracts shall be forwarded to the
. Insurer by the Trustee~and the Trustee may execute such ,
~ documents and submit or obtain such proof of death as
~ the Insurer may properly require.
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