Common use of Limitations for Participants Over Age 60 Clause in Contracts

Limitations for Participants Over Age 60. If death occurs after ---------------------------------------- attaining age 60 but before attaining age 65, the following percentages will be applicable to the greater of the two salary bases described above to determine the amount of the payment. Attained Age % of Salary Base at Death To Be Payable ------------ ---------------- 60 45% 61 40% 62 35% 63 30% 64 25% Such payments will commence with the month immediately following death.

Limitations for Participants Over Age 60. If death occurs after ---------------------------------------- attaining age 60 but before attaining age 65, the following percentages will be applicable to the greater of the two salary bases described above to determine the amount of the payment. Attained Age % of Salary Base at Death To Be Payable ------------ ---------------- 60 45% 61 40% 62 35% 63 30% 64 25% Such payments will commence with the month immediately following death.

Limitations for Participants Over Age 60. If death occurs after ---------------------------------------- attaining age 60 but before attaining age 65, the following percentages will be applicable to the greater of the two salary bases described above to determine the amount of the payment. Attained Age % of Salary Base at Death To Be Payable ------------ ------------- ---------------- 60 45% 61 40% 62 35% 63 30% 64 25% Such payments will commence with the month immediately following death.