Page 54 - Pay'n Save Retirement Truat fund

SOUND RETIREMENT | 52

DEFINITIONS

The following are general definitions of terms used in explaining
the Sound Plan. The actual Plan document includes these and
other definitions in greater detail.

Collective Bargaining Agreement

The written agreement between an employer or an employer-
association and a union under which the employer is obligated to
make contributions to the Trust.

Participation Agreement or Special Agreement

Written agreement between an employer and the Board of
Trustees (including any supplement, amendment, continuation
or renewal) which obligates the employer to make contributions
to this Trust for the purpose of providing benefits to certain
employees.

Continuous Non-Covered Employment

Continuous employment on and after October 1, 1976 with a
contributing employer in a job that is not covered employment
under this Plan.

A period of non-Covered Employment is considered “continuous”
with Covered Employment only if there is no quit, discharge, or
other termination of employment between periods of covered
and non-Covered Employment.

Covered Employment
Employment in a job for which contributions are made or
required to be made to this Plan.

Credited Service

Your hours of work in covered and continuous non-Covered
Employment that are recognized by the Sound Plan in
determining your pension benefit.

Effective Date of Coverage

Your employer’s effective date of coverage is the later of the date
your employer is first required to contribute to the Sound Plan or
October 1, 1965.

Employee
Any person employed by a contributing employer and for whom
the employer is obligated to make contributions to the Trust.