Vesting at Normal Retirement

4.06 - A Participant's right to an Accrued Benefit shall be non-forfeitable upon the earlier of the Participant's Normal Retirement Date and the date the Participant attains age 65.

For purposes of this Plan, the terms "vested" and "non-forfeitable" mean the right of a Participant or Beneficiary to receive a pension commencing at a date permitted hereunder, payable for life only or in some other applicable or elected form. A Participant who does not live to the date benefit payments commence shall not be eligible for a benefit hereunder, except to the extent specified herein with respect to the Surviving Spouse Annuity, the Minimum Benefit, and the Preretirement Surviving Spouse Benefit or as provided in an optional form of payment.