Transferred Participant

1.49 - Transferred Participant means a Person who was an active Participant in this Plan (or the U.S. Plan) and who, after September 1, 1972, left the service of his or her Employer and entered the service of an Employer participating in the U.S. Plan (or this Plan), and became an active Participant in the latter Plan, provided that the Participant's transfer from one Employer to the other would not have constituted Termination of Employment under the provisions of Section 1.48 and 4.03, if both Employers had been participating in the same Plan.