Common use of Small Benefits Clause in Contracts

Small Benefits. Notwithstanding any provision of this Plan to the contrary, in the event the actuarial equivalent (as deter- mined pursuant to Article IV, Section 16(d)) of a Participant's vested Normal, Early or Late Retirement Pension, a benefit payable pursuant to Article IV, Section 4(b), Disability Pension, or the spousal death benefit provided under Article IV, Section 9, whichever is applicable, is equal to or less than the Cash-Out Amount, the benefit shall automatically be paid in the form of a cash lump sum equal to such actuarial equivalent of such benefit. Such payment shall be made as soon as practicable. Such benefit and all Credited Hours and Qualified Years attributable to such benefit shall thereupon be disregarded for all purposes under this Plan.