02-08-1999 Council Packet - Laserfiche WebLink

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Contributions. If the Participant should return to service with the Company during the Plan Year, the participant will be able to resume their benefit election if they return v/ithin 30 days. If you return after 30 days but within the same plan year, they will be allowed to make a new benefit election for that Plan Year, if you become reemployed. This Is applicable to plan years beginning after December 31,1998. Section 4.7 Cessation of Required Contributions. A Participant’s election to receive a benefit under this Plan shall be automatically revoked effective the first day of any period for which such Participant fails to make a contribution required by the Employer for such benefit for such period. Section 4.8 Adjustments to Prevent Discrimination. If the Employer believes that the Plan or any of its benefits might otherwise be deemed discriminatory under any provision of the Code, it may, in its absolute discretion, limit or reduce the amount of Employer contributions and Pay Conversion Contributions of such Participants allocable to such benefits described herein in such amounts as are necessary, in its good faith judgment, to avoid such discrimination; provided that any such limitation imposed by the Employer shall apply on a uniform basis among the affected Participants. Section 4.9 Available Benefits. The Employer shall maintain and make available to Participants accurate lists and descriptions of the respective types, amounts, and costs of benefits available through the Plan. Each Participant shall be notified in writing if there is (a) a change in the cost of a benefit or (b) a change in the type, nature, or amount of any benefit. Article V. Plan Benefits Section 5.1 Available Benefits. Except as otherwise provided In this Article, and subject to any open enrollment or other provisions of contracts with third party benefit providers, a Participant may use available Employer contributions or Pay Conversion Contributions to pay for the benefits described in Section 5.2 that the Participant has elected to receive. Benefits shall be provided under such insurance policies, plans, programs or other arrangements as are obtained by or established by the Employer. All benefits are subject to the terms and conditions of the plans, policies, programs or other