Common use of Suspension of benefits Clause in Contracts

Suspension of benefits. (1) As elected by the Employer in the Adoption Agreement, normal or early retirement benefits will be suspended for each calendar month during which the Employee completes at least 40 Hours of Service with the Employer as defined in section 203(a)(3)(B) of the Employee Retirement Income Security Act of 1974, as amended ("Section 203(a)(3)B Service"). Consequently, the amount of benefits which are paid later than Normal Retirement Age will be computed as if the Employee had been receiving benefits since Normal Retirement Age.

Suspension of benefits. (1) As elected by the Employer in the Adoption Agreement, normal or early retirement benefits will be suspended for each calendar month during which the Employee completes at least 40 Hours of Service with the Employer as defined in section 203(a)(3)(B) of the Employee Retirement Income Security Act of 1974, as amended ("Section 203(a)(3)B Service"). Consequently, the amount of benefits which are paid later than Normal Retirement Age will be computed as if the Employee had been receiving benefits since Normal Retirement Age.