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If any Former Participant is rehired after a 1-Year Break in Service
has occurred, for the purposes of subparagraph (b) of this Article,
the Years of Service shall include Years of Service prior to his
1-Year Break in Service subject to the following rules:
(i) Years of Service prior to a 1-Year Break in Service
shall not be counted until such time as the Former Participant
has been reemployed by the Employer for at least one year
after which time the waiting period shall be counted as a
Year of Service.
(ii) If the rehired Former Participant had a Vested
Accrued Benefit at the time of his termination, all Years
of Service prior to his termination shall be included in
the aggregate Years of Service.
(iii) Each nonvested Former Participant shall lose credit
for Years of Service otherwise allowable under (i) and (ii)
above, if his period of absence equals or exceeds his pre-
break Years of Service as a Participant under the Plan.
(iv) If a Former Participant completes one (1) Year
of Service following his reemployment with the Employer,
he shall participate in the Plan retroactively from the date
of his reemployment.
(e) In determining Years of Service for purposes of Section
5.5(b), Years of Service attributable to the following shall be
excluded: (i) Years of Service prior to the Effective Date of
the Plan.
5.6 DISTRIBUTION OF BENEFITS.
(a) Unless otherwise elected, the Participant who retires
after attaining age 55 and who was married on the annuity starting
date shall receive his benefits in the form of a joint and sur-
vivor annuity under which benefits following his death shall continue
` to the spouse during the spouse's lifetime at a rate equal to
at least fifty percent (SO~k) of the rate which such benefits were
payable to the Participant. The Participant may, however, elect
to receive a smaller annuity benefit with continuation of payments
~ to the spouse at a rate of seventy-five (75~t) percent or one hundred
~ percent (100 0 of the rate payable to a Participant during his
lifetime. At least ninety (90) days prior to the retirement of
a Participant, the Administrator shall provide the Participant
with a written explanation of the joint and survivor method of
payment, and the Participant shall have an opportunity to elect
that payment of his benefits hereunder shall be made in some other
manner as hereinafter set forth. Any Participant giving less
than 90 days notice of Early or Late Retirement shall be given
the written explanation referred to above within a reasonable
~ period of time to enable him to make the election in accordance
with procedures to be established by the Administrator.
~ (b) In the event a Participant elects not to receive the
form of retirement benefit named in subparagraph (a) above, the
Administrator in his sole discretion may in lieu of the benefit
described in Section 5.1(d) elect one of the following methods
of payment which is the actuarial equivalent of the monthly retirement -
benefit provided in Section 5.1(d):
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