Termination of Employment

4.03 - An Employee's employment with a Participating Employer shall be considered terminated as of the date the Employee ceases to render active service to the Participating Employer, subject to the following:

• Except as otherwise provided herein, employment shall terminate on the date a Participant ceases to be employed by a Participating Employer (and does not continue employment without a break in continuity with any other Participating Employer) because the Participant resigns (or retires), is discharged or dies.
• During the normal summer vacation period, and any other regular vacation period, when regular work is not expected of an Employee by a Participating Employer, the Employee shall retain his or her status as an active Employee of a Participating Employer, regardless of other temporary employment during such period, provided such Employee has been engaged by a Participating Employer for and actually begins active service as an Employee at the end of such vacation period. If, at the end of the vacation period, the Employee fails, for any reason, other than those enumerated in (a) above, to resume the active service for which such Employee had been engaged, the Employee's employment with a Participating Employer shall be considered to have terminated as of the beginning of such vacation period.
• If an Employee renders to a Participating Employer the services expected during the regular school year but has not been engaged by any Participating Employer for work during the following school year, such Employee's employment with a Participating Employer shall be considered terminated as of the date no further active services are expected of the Employee by any Participating Employer. If the circumstance described in the preceding sentence occurs during the Participant's second year of Vesting Service, the Participant's Vested Percentage shall be 100% notwithstanding (b) above.