If you previously received a distribution of your entire vested account balance, and are reemployed prior to incurring 5 consecutive 1-Year Breaks in Service, you may repay this distribution. If you repay the entire amount of the distribution, we will restore your account balance with your forfeited amount. You must repay this distribution within five years from your date of reemployment, or, if earlier, before you incur 5 consecutive 1-Year Breaks in Service. If you were fully vested when you left, you do not have the opportunity to repay your distribution. What happens to the non-vested portion of a terminated participant’s account balance? The non-vested portion of a terminated participant’s account balance remains in the Plan and is called a forfeiture. Forfeitures may be used by the Plan for several purposes such as the payment of Plan expenses. Any forfeitures not used by the Plan will be added to our discretionary contribution and allocated to participants eligible to share in such contribution in the same manner as any such discretionary contribution is allocated. ARTICLE IV DISABILITY BENEFITS How is disability defined? Under the Plan, disability is defined as a physical or mental condition resulting from bodily injury, disease, or mental disorder which renders you incapable of continuing your usual and customary employment with us. Your disability will be determined by a licensed physician chosen by the Administrator. What happens if I become disabled? If you become disabled while a participant, you will be entitled to 100% of your account balance. Payment of your disability benefits will be made to you as if you had retired. ARTICLE V FORM OF BENEFIT PAYMENT How will my benefits be paid? All distributions from the Plan will be made in one lump-sum payment. You must consent to the distribution before it may be made. Distribution of your account at retirement will be in the form of cash or Company Stock or both. However, you or your beneficiary may demand distribution of your entire account in the form of Company Stock. Cash may be paid (1) in lieu of partial shares of Company Stock, or (2) in certain circumstances where it may not be possible for the Plan to purchase Company Stock for distribution. If the Company Stock distributed to you or your beneficiary cannot be readily sold, then you or your beneficiary will have two “Put Options” to the Employer. In other words you may require the Employer to purchase the stock at a price equal to its value, and to pay you for the stock in cash or in installments over a period of time (not in excess of five (5) years and in certain cases not in excess often (10) years). The first sixty day “Put Option” period will begin on the day following the date your Company Stock is distributed, and if not exercised, the second sixty day “Put Option” period will begin as of the first day of the fifth month of the Plan Year next following the date your Company Stock was distributed. May I delay the receipt of benefits?
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