1989.06.05 RESO 1989-0013 - Laserfiche WebLink

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Yninenca Prowl value dolemnlretiorhs oder thio Bastian dell be mhsde by the ACI.* v& in WWMWM with the axpeced meturnmultiples sal Uth In are -'m U24Brie Federal Income Tux PAgulabons(or any amoossmorpro- lion losuch spins sions). Should1heRmlicipm do allerhe has bsounbamosive banefle under apayment option, Ile memminirg p% L s Is, If 0% under the pWnwt option *0 be pw$sb* 0 the 106ftia Vemb Senalliciary cam mach w0tir► the 30 -ft period cdnnnherroirhp ath the IM ft &W the, ftbolperft dn#% unless the SerWasery elects par want under adillm payment option will 3Ddays elthe ftliciper6dash. In no awl 00 the Ernployer or Adninislomfor be W* 10 the !or the mount of any peywat wedst in the rwm of the ftftom b k i the #WWWObalor receives proof of d*Mh of the ftiticipant. NoW#I~ft the bregoteg. payrrwls b a 8enetcisry dvM not aeeerd over aperiod bW than M the Bervelicia" life ampectancy it the Beneficiary is the ftelicipents; spouse or M Man (16) yam Ift Beneficiary b M the P&!CIpWft "WAS, Of no Senakiary b deso"d in ft join CM r Agreernot. of I the Clab~ don not &xv+.* the ftrliciperd fix a p~ of Man 0% days, then the awmnMd imilue d any mvokft pftwwo under the pelinert coon sfhr be paid in • Mop sum b the estate d the Participant. Oft deipnaed Oar e6p*aryoo*AsftPar§ckmttrapededdtftm(1S)d@yLbWdon ra conlinuo to No for the vernainirg period of papme under to pWmt Option (as adill- Kneossaary in conlormity with the third -$ is c OIW* sac". than the corntnuled %ska of any mmkft pWmo under the per snarl Wm shell be paid in a loop sum to to selmdo d the Seneliciary. 9*ctlmTA5P#*-m9f*nmMDmath5*iwIl Shouidthe Participant de Debre hehes begun lDreceive the he mIIIspr0vid@dbyS@c§on7M.ft%Wm olthe lRemlicipanItAccount shall be PrAble loft Serdficiaryconvnench Wmthe llMeyperiod commencing on the 9M clay Mer the IRWIciparft aft unless, the Beneficiary film a differ" bensbf comritmoncernent dale within the III(Idays olthe Participeftdeath. Such henselitsshallbepoidin opp m' W* equal anrojel WdWknwftow "yam oram such sloop period as may be necessary ID assume that the amours of any annual inmall- vnentis not less than $3= Mess the Beneficiary alects a different payment oplion within 90 days of the Participants death. NoMthftfgkrQ the tngo- imp. 1h lit paid sDaSemliciaryunder this Section may cwrffwm no earlier than the 91st day atter the Participant's death and no bw than 80 days slier she tamer dthe dome dthe Pian Mbar inwhicl►ft Participant attained or would too astmined Normal Patirenwa Age or the, close of the Flan Ym in which this Parbovent sepstsmed from service. A Berw6clery who may fled a par stent qWon pursuers to the provisions of the preceding wft-M shell be - - as; N he were a Participate for purposes of davrnirft the payment options Adeble under Section 7D2; paAded. however ria the peflnenloplion dhamen by the Benieficiary, ffko provide for payments loft Beneficiary over a period no longer than the Ilb expectancy of the Beneficiary I the Senslicio ary is the Participants spouse and nko prairie We for pemyrnents oar a period foinsiommad-Imm (L% pers Nft fleneliciaryis, notft Participants spouse !action TA610rdwasee"Enw9ervolm Inthe event anurdmeable wrogency occum a Participant may apply to the Employer to erosive the part of the %Ww of W socount to is fessonedy needed to sobsty the erner- gamicy need. I such an applicidion is approved Wft EnViCVK the Participant shall be paid only such arnourd are the Em~ down necessary to most the enmVericy mod. W payment shall not be made to the mis I that the lirwncisl hadship maybe sieved through misselim of rid, oder ftPlm or oftr reimbursement. of liquidation of COW seeft loft amara chiqWdbmweld rob0cause sever &wid0twd**Anurbmoe- ile, ammorgenCy " be C%WW b ow" only OMMWWWM of severe Smanciel horde! to the ftrftkwt rmft from a sudden and W*"Md NnOW accident or dembilly of the MCIP" or of a dependent (n dellned in section IMM d to Womd ftvanue Code) of the fteticipwC ton d the per- GCOWIS property due to casually. or other sirnilar and aftwdinary u*mme. althe Par. Ocipent. The need to send a Parlicipmeft child to 00" Or 10 Purchase anew tam shall not be considered unilmemsemble e mr e rge mins The dolwn*vmm as to whedw such an unbreassabb arnerproy o*ft shall be boo an the Weft of each indivi" trace No Participant or evoliciary shall have any rve to CWWKft so. &"%A ~ transfer or otherwise convey or encurnber the right to receive any W mems hemunder which pampnera and rWft are expressly declared to be non, uswm* and nommemimemme. AM111M MIL RELATIONSHIP TO CITNER PLANS AND EMPLOMBff AGREEMENTS The Plan serves in addition to any other tatirstroent. p@nWm or' A plan or viobm presently in OWSWCO or hoWmeller established for to berets d the and parlicipeliontwounder 00 not~' m AAs emosio able under any such plan or spom NWft contained m to Plan 00 be dow0f,ocoriNkLftansmpbyvrut corftdorapwi between any PIer- 11, 1; 1 and to Employer or to give WV Participant the 69M to be retained in to wnft d the Em~ Nor shall st"" herein be Construed to am* thele nu dwVwnoWnwtoonkadoraW"mWbetween & Participant and the EmPIWK ARTICLE X AMENDMENT OR TERMINATION OF PLAN The Employer may stecWtionew m Plan provided 00 it VWOWft such amendment in writing to the AdrniniWalor at i*W 30 days prior to the effective due althe ernandmertThe rmas ofthe AcImmismorshalt not be squired In order for such amendment I* become alleclim but the AcIrninimmor " be under no obligation to continue acing as Adminisommor hereunder it it limp prom of such arnendment. The Employer may at any time offninsme this Pan. The Adrninistralormay stanytime propose an amerchient lothe Plan by an Employer alfeast 30 days balm aftellec- fm dale of the arnandrnent. Such arner4nert shall bworne allec" unlaw within suct304ayperiod. the Employer ncOmethe AcIffoustimorinwriting the Iduppmooes such arnwarm inwhich cafe such amendment shM no becomha affeclimft In the event of such disappmel. the Admoftior MW be under no Obligation to continue atft as Administoor hereunder. No anw4rmt or Iamwn tiorh of the Pan shall divest any IlWkVant d any dgftwkh speclDcmVwsoiondeferred bobs the due dthe affwxk"eft or Ileffninetion. ARTICLE IM APPLICUM LM This ftn " be construed under the laws of the "e where to Ea~ is located and is sM*OW with the keen! 00 it w" the requiremheras of an Wgbe State deterred compeer moo plerfunder section ,457olthe inlet iter anus Code of Mk a amwdsd. The provivorm ofthis Plan 00 be kwpeted wherever possible in conlormity with the mqumernera of that sectiorh. ARTICLE XN GIEMMI AND NUIIIIIWI The ffesculinepronoun. whenever toed hersh where the COniad mWW CMwwisa