Common use of Notice Regarding “Qualified Preretirement Survivor Annuity” Clause in Contracts

Notice Regarding “Qualified Preretirement Survivor Annuity”. If a Participant’s Account is subject to the requirements of Section 14.04, the Participant shall be provided with a written explanation of the “qualified preretirement survivor annuity” comparable to the written explanation provided with respect to the “qualified joint and survivor annuity”, as described in Section 14.07. Such explanation shall be furnished within whichever of the following periods ends last: (a) the period beginning with the first day of the Plan Year in which the Participant reaches age 32 and ending with the end of the Plan Year preceding the Plan Year in which he reaches age 35; (b) a reasonable period ending after the Employee becomes an Active Participant; (c) a reasonable period ending after Section 14.04 first becomes applicable to the Participant’s Account; or (d) in the case of a Participant who separates from service before age 35, a reasonable period ending after such separation from service. For purposes of the preceding sentence, the two-year period beginning one year prior to the date of the event described in Subsection 14.08(b), (c) or (d) above, whichever is applicable, and ending one year after such date shall be considered reasonable, provided, that in the case of a Participant who separates from service under Subsection 14.08(d) above and subsequently recommences employment with the Employer, the applicable period for such Participant shall be re-determined in accordance with this Section 14.08.

Notice Regarding “Qualified Preretirement Survivor Annuity”. If a Participant’s 's Account is subject to the requirements of Section 14.04, the Administrator shall provide the Participant shall be provided with a written explanation of the “"qualified preretirement survivor annuity” " comparable to the written explanation provided with respect to the “"qualified joint and survivor annuity”", as described in Section 14.07. Such explanation shall be furnished within whichever of the following periods ends last: (a) the period beginning with the first day of the Plan Year in which the Participant reaches age 32 and ending with the end of the Plan Year preceding the Plan Year in which he reaches age 35; (b) a reasonable period ending after the Employee becomes an Active Participant; (c) a reasonable period ending after Section 14.04 first becomes applicable to the Participant’s 's Account; or (d) in the case of a Participant who separates from service before age 35, a reasonable period ending after such separation from service. For purposes of the preceding sentence, the two-year period beginning one year prior to the date of the event described in Subsection 14.08(b), (c) or (d) above, whichever is applicable, and ending one year after such date shall be considered reasonable, provided, that in the case of a Participant who separates from service under Subsection 14.08(d) above and subsequently recommences employment with the Employer, the applicable period for such Participant shall be re-determined redetermined in accordance with this Section 14.08.