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7/15/2005 10:12:56 AM
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7/14/2005 10:12:26 AM
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<br />the initial coverage period shall be that portion of the Plan Year commencing on such <br />Participant's date of entry and ending on the last day of such Plan Year. <br /> <br />1.20 "Premium Expenses" or "Premiums" mean the Participant's cost for the <br />Benefits described in Section 4.1 . <br /> <br />1.21 "Premium Reimbursement Account" means the account established for a <br />Participant pursuant to this Plan to which part of his Cafeteria Plan Benefit Dollars may be <br />allocated and from which Premiums of the Participant may be paid or reimbursed. If more <br />than one type of insured Benefit is elected, sub-accounts shall be established for each type <br />of insured Benefit. <br /> <br />1.22 "Salary Redirection" means the contributions made by the Employer on <br />behalf of Participants pursuant to Section 3.1. These contributions shall be converted to <br />Cafeteria Plan Benefit Dollars and allocated to the funds or accounts established under the <br />Plan pursuant to the Participants' elections made under Article V. <br /> <br />1.23 "Salary Redirection Agreement" means an agreement between the <br />Participant and the Employer under which the Participant agrees to reduce his <br />Compensation or to forego all or part of the increases in such Compensation and to have <br />such amounts contributed by the Employer to the Plan on the Participant's behalf. The <br />Salary Redirection Agreement shall apply only to Compensation that has not been actually <br />or constructively received by the Participant as of the date of the agreement (after taking <br />this Plan and Code Section 125 into account) and, subsequently does not become currently <br />available to the Participant. <br /> <br />1.24 "Spouse" means the legally married husband or wife of a Participant, unless <br />legally separated by court decree. <br /> <br />ARTICLE II <br />PARTICIPATION <br /> <br />2.1 ELIGIBiliTY <br /> <br />Any Eligible Employee shall be eligible to participate hereunder as of the date <br />he satisfies the eligibility conditions for the Employer's group medical plan, the provisions of <br />which are specifically incorporated herein by reference. However, any Eligible Employee <br />who was a Participant in the Plan on the effective date of this amendment shall continue to <br />be eligible to participate in the Plan. <br /> <br />Except as otherwise provided in this Plan, with respect to accident or health <br />plan coverage and group-term life insurance coverage, if a former Participant is rehired <br />during the same Plan Year in which termination of employment occurs, and such former <br />Participant had revoked existing Benefit elections and terminated the receipt of Benefits at <br />the time of termination of employment, then such rehired former Participant shall be <br />prohibited from making new Benefit elections for the remaining portion of the Plan Year. <br /> <br />3 <br />
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