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X:4 Should a Participant die before the insurance contract
to which he may be entitled under the terms of this
Agreement is effected on his life. then_the death bene-
fit payable on the death of such Participant shall be
~imited to the contribution which was or should have
been made~for such purpose. Such benefit shall be
payable to the beneficiary designated by the parti-
cipant and filed by the Pension Committee with the
Tcustee or the Particfpant's estate in the event no
such ber.eficiary designation has been filed witfi the
Trustee.
X:5 The Pension Committee shall direct the Trustee to con-
vert the entire value of the life insurance contract at ~
or before cetirement into cash or into an annuity so
that no portio~ of s~ch value may be used to continue
life insurance protection beyo~d actual ~etirement, or
he shall distribute the contract to the ~articipant. A
. Participa~t, upon tecmi~ation of employment, early
retirement, disability retirewent, normal retirement,
or in the event o.f distributio~ of Plan Assets on ter-
sination of the Plan and Trust, shall have the right to
e~ receive the'life insurance policy oc policies on his
l . life as part of the settlement of his cights from the
Plan and Trust and he shall have the right at those
tiaes, to purchase. the policy or policies on his life
for their fuil value at that time. -
~ ARTICGE XI
TERMINATION OF EMPLOYMENT
XI:1 Ezcept as may be otherwise provided under Section VI:2,
Article VIII, Article X, or Section XI:S following, a
Participan.t who terminates ec~ployaient with the Emp2oyer
prior to his Normal Retirement Date and who has been ;
employed by the employer, while this Plan and Trust ~
were in existence, for les~ than the~number of years of ,
service s ecified b the Em lo er in Item 14 in the
Ado tion reement at t e ate o termination o em-
p oyment s a l not be entitled to any benefit under
this Plan. ~
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