
3350 East Paris Ave. SE
Grand Rapids, MI 49512
p. 877.274.8796
f. 616.301.2149
4.07 - Notwithstanding the foregoing provisions of this Section 4, the Employer's share of the cost of pension benefits provided to a vested Participant on death, Termination of Employment or Retirement shall not be less than 50% of the total cost of such benefits. To the extent that the Employer's share is less than 50%, the Participant shall be entitled to an Additional Benefit which may be payable in various forms pursuant to Section 5.07. The present value of the Participant's Additional Benefit shall be equal to the Contribution Account at such Participant's Termination Date less 50% of the Commuted Value of the Accrued Benefit to which the Participant is entitled under the Plan.