Suspension of Benefits

8.06 -

• Suspended Benefits
  A normal, late or early retirement benefit which is being paid (or which would be payable if the Participant elected to retire) will be suspended and forfeited for each calendar month of each Plan Year during which the individual qualifies as an Employee with a Participating Employer.
• Resumption of Payment
  If benefit payments have been suspended, payments shall resume no later than the first day of the third calendar month after the calendar month in which the Participant ceases to be employed in service with an Employer. Benefits payable upon resumption shall be the same as the suspended benefit plus any additional benefit accrued during the period of re-employment. In no event shall a benefit be actuarially increased by reason of a period of suspension and forfeiture hereunder.
• Notification
  No payment shall be withheld by the Plan pursuant to this Section 8.06 unless the Administrator notifies the Participant by personal delivery or first class mail during the first calendar month or payroll period in which the Plan withholds payments that his or her benefits are suspended. Such notifications shall contain a description of the specific reasons why benefit payments are being suspended, a description of the Plan provisions relating to the suspension of payments and a copy of such provisions.
• Amount Suspended
• Life Annuity
  With respect to benefits payable on a monthly basis for as long as life or lives continues, such as a single or a qualified joint and survivor annuity, an amount equal to the monthly benefit payments derived from Employer and Participant contributions.
• Other Benefit Forms
  With respect to benefits payable in a form other than the form described in (i) above, an amount of the benefit payments for a Plan Year in which the Participant is employed by an Employer, equal to the lesser of:
• The amount of benefits which would have been payable to the Participant during the Plan Year if he had been receiving monthly benefits under the Plan since his actual retirement based on a single life annuity beginning at his actual retirement age; and
• The actual amount paid or scheduled to be paid to the Participant for such month. Payments scheduled to be paid less frequently than monthly may be converted to monthly payments for purposes of the preceding sentence.