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Special Termination Benefit

5.09 - Notwithstanding Section 4.01, a Participant whose employment terminates prior to completing two years of Vesting Service and who:

  • was an Employee of a new Participating Employer at the time the new Participating Employer first joined the Plan, provided the new Participating Employer joined the Plan on or after September 1, 2003; and
  • was continuously employed by the Participating Employer until the date on which he or she terminates; and
  • terminates employment on or after the date the Participant attains age 55 but before the date he or she attains age 65,

shall have the balance in his or her Contribution Account adjusted so it is equal to the excess, if any, of 200% of the amount in 5.04(a) over the amount in 5.04(b).