Common use of Termination Benefits Reduction Factor Clause in Contracts

Termination Benefits Reduction Factor. If a Participant’s Termination Benefit commences prior to age 65, the Participant’s Termination Benefit shall be reduced to the Actuarial Equivalent of the Participant’s basic benefit in accordance with Tables A or B attached hereto. Based on Age of Participant on Commencement of Early Retirement Benefit MALE PARTICIPANT (Table A) MONTHS 55 44.74 % 45.01 % 45.28 % 45.56 % 45.83 % 46.10 % 46.37 % 46.64 % 46.91 % 47.19 % 47.46 % 47.73 % 56 48.00 48.30 48.60 48.90 49.20 49.50 49.80 50.09 50.39 50.69 50.99 51.29 57 51.59 51.92 52.25 52.58 52.91 53.24 53.57 53.91 54.24 54.57 54.90 55.23 58 55.56 55.93 56.30 56.66 57.03 57.40 57.77 58.13 58.50 58.87 59.24 59.60 59 59.97 60.38 60.79 61.19 61.60 62.01 62.42 62.83 63.24 63.64 64.05 64.46 60 64.87 65.33 65.78 66.24 66.69 67.15 67.60 68.06 68.52 68.97 69.43 69.88 61 70.34 70.85 71.36 71.88 72.39 72.90 73.41 73.92 74.43 74.95 75.46 75.97 62 76.48 77.06 77.63 78.21 78.78 79.36 79.93 80.51 81.08 81.66 82.23 82.81 63 83.38 84.03 84.68 85.32 85.97 86.62 87.27 87.92 88.57 89.21 89.86 90.51 64 91.16 91.90 92.63 93.37 94.11 94.84 95.58 96.32 97.05 97.79 98.53 99.26 FEMALE PARTICIPANT (Table B) MONTHS 55 49.50 % 49.76 % 50.03 % 50.29 % 50.56 % 50.82 % 51.09 % 51.35 % 51.61 % 51.88 % 52.14 % 52.41 % 56 52.67 52.96 53.25 53.54 53.83 54.12 54.41 54.69 54.98 55.27 55.56 55.85 57 56.14 56.46 56.77 57.09 57.40 57.72 58.03 58.35 58.66 58.98 59.29 59.61 58 59.92 60.27 60.61 60.96 61.31 61.65 62.00 62.35 62.69 63.04 63.39 63.73 59 64.08 64.46 64.84 65.22 65.60 65.98 66.36 66.74 67.12 67.50 67.88 68.26 60 68.64 69.06 69.48 69.90 70.32 70.74 71.16 71.57 71.99 72.41 72.83 73.25 61 73.67 74.13 74.60 75.06 75.53 75.99 76.46 76.92 77.38 77.85 78.31 78.78 62 79.24 79.76 80.27 80.79 81.30 81.82 82.33 82.85 83.36 83.88 84.39 84.91 63 85.42 85.99 86.57 87.14 87.72 88.29 88.87 89.44 90.01 90.59 91.16 91.74 64 92.31 92.95 93.59 94.23 94.87 95.51 96.15 96.80 97.44 98.08 98.72 99.36

Termination Benefits Reduction Factor. If a Participant’s Termination Benefit commences prior to age 65, the Participant’s Termination Benefit shall be reduced to the Actuarial Equivalent of the Participant’s basic benefit in accordance with Tables A or B attached hereto. Based on Age of Participant on Commencement of Early Retirement Benefit MALE PARTICIPANT (Table A) YEARS MONTHS 55 44.74 % 45.01 % 45.28 % 45.56 % 45.83 % 46.10 % 46.37 % 46.64 % 46.91 % 47.19 % 47.46 % 47.73 % 56 48.00 48.30 48.60 48.90 49.20 49.50 49.80 50.09 50.39 50.69 50.99 51.29 57 51.59 51.92 52.25 52.58 52.91 53.24 53.57 53.91 54.24 54.57 54.90 55.23 58 55.56 55.93 56.30 56.66 57.03 57.40 57.77 58.13 58.50 58.87 59.24 59.60 59 59.97 60.38 60.79 61.19 61.60 62.01 62.42 62.83 63.24 63.64 64.05 64.46 60 64.87 65.33 65.78 66.24 66.69 67.15 67.60 68.06 68.52 68.97 69.43 69.88 61 70.34 70.85 71.36 71.88 72.39 72.90 73.41 73.92 74.43 74.95 75.46 75.97 62 76.48 77.06 77.63 78.21 78.78 79.36 79.93 80.51 81.08 81.66 82.23 82.81 63 83.38 84.03 84.68 85.32 85.97 86.62 87.27 87.92 88.57 89.21 89.86 90.51 64 91.16 91.90 92.63 93.37 94.11 94.84 95.58 96.32 97.05 97.79 98.53 99.26 FEMALE PARTICIPANT (Table B) MONTHS 55 49.50 % 49.76 % 50.03 % 50.29 % 50.56 % 50.82 % 51.09 % 51.35 % 51.61 % 51.88 % 52.14 % 52.41 % 56 52.67 52.96 53.25 53.54 53.83 54.12 54.41 54.69 54.98 55.27 55.56 55.85 57 56.14 56.46 56.77 57.09 57.40 57.72 58.03 58.35 58.66 58.98 59.29 59.61 58 59.92 60.27 60.61 60.96 61.31 61.65 62.00 62.35 62.69 63.04 63.39 63.73 59 64.08 64.46 64.84 65.22 65.60 65.98 66.36 66.74 67.12 67.50 67.88 68.26 60 68.64 69.06 69.48 69.90 70.32 70.74 71.16 71.57 71.99 72.41 72.83 73.25 61 73.67 74.13 74.60 75.06 75.53 75.99 76.46 76.92 77.38 77.85 78.31 78.78 62 79.24 79.76 80.27 80.79 81.30 81.82 82.33 82.85 83.36 83.88 84.39 84.91 63 85.42 85.99 86.57 87.14 87.72 88.29 88.87 89.44 90.01 90.59 91.16 91.74 64 92.31 92.95 93.59 94.23 94.87 95.51 96.15 96.80 97.44 98.08 98.72 99.3699.36 SUPPLEMENT 6

Termination Benefits Reduction Factor. If a Participant’s Termination Benefit commences prior to age 65, the Participant’s Termination Benefit shall be reduced to the Actuarial Equivalent of the Participant’s basic benefit in accordance with Tables A or B attached hereto. Based on Age of Participant on Commencement of Early Retirement Benefit MALE PARTICIPANT (Table A) YEARS MONTHS 55 44.74 % 45.01 % 45.28 % 45.56 % 45.83 % 46.10 % 46.37 % 46.64 % 46.91 % 47.19 % 47.46 % 47.73 % 56 48.00 48.30 48.60 48.90 49.20 49.50 49.80 50.09 50.39 50.69 50.99 51.29 57 51.59 51.92 52.25 52.58 52.91 53.24 53.57 53.91 54.24 54.57 54.90 55.23 58 55.56 55.93 56.30 56.66 57.03 57.40 57.77 58.13 58.50 58.87 59.24 59.60 59 59.97 60.38 60.79 61.19 61.60 62.01 62.42 62.83 63.24 63.64 64.05 64.46 60 64.87 65.33 65.78 66.24 66.69 67.15 67.60 68.06 68.52 68.97 69.43 69.88 61 70.34 70.85 71.36 71.88 72.39 72.90 73.41 73.92 74.43 74.95 75.46 75.97 62 76.48 77.06 77.63 78.21 78.78 79.36 79.93 80.51 81.08 81.66 82.23 82.81 63 83.38 84.03 84.68 85.32 85.97 86.62 87.27 87.92 88.57 89.21 89.86 90.51 64 91.16 91.90 92.63 93.37 94.11 94.84 95.58 96.32 97.05 97.79 98.53 99.26 FEMALE PARTICIPANT (Table B) YEARS MONTHS 55 49.50 % 49.76 % 50.03 % 50.29 % 50.56 % 50.82 % 51.09 % 51.35 % 51.61 % 51.88 % 52.14 % 52.41 % 56 52.67 52.96 53.25 53.54 53.83 54.12 54.41 54.69 54.98 55.27 55.56 55.85 57 56.14 56.46 56.77 57.09 57.40 57.72 58.03 58.35 58.66 58.98 59.29 59.61 58 59.92 60.27 60.61 60.96 61.31 61.65 62.00 62.35 62.69 63.04 63.39 63.73 59 64.08 64.46 64.84 65.22 65.60 65.98 66.36 66.74 67.12 67.50 67.88 68.26 60 68.64 69.06 69.48 69.90 70.32 70.74 71.16 71.57 71.99 72.41 72.83 73.25 61 73.67 74.13 74.60 75.06 75.53 75.99 76.46 76.92 77.38 77.85 78.31 78.78 62 79.24 79.76 80.27 80.79 81.30 81.82 82.33 82.85 83.36 83.88 84.39 84.91 63 85.42 85.99 86.57 87.14 87.72 88.29 88.87 89.44 90.01 90.59 91.16 91.74 64 92.31 92.95 93.59 94.23 94.87 95.51 96.15 96.80 97.44 98.08 98.72 99.36

Termination Benefits Reduction Factor. If a Participant’s Termination Benefit commences prior to age 65, the Participant’s Termination Benefit shall be reduced to the Actuarial Equivalent of the Participant’s basic benefit in accordance with Tables A or B attached hereto. Based on Age of Participant on Commencement of Early Retirement Benefit MALE PARTICIPANT (Table A) YEARS MONTHS 55 44.74 % 45.01 % 45.28 % 45.56 % 45.83 % 46.10 % 46.37 % 46.64 % 46.91 % 47.19 % 47.46 % 47.73 % 56 48.00 48.30 48.60 48.90 49.20 49.50 49.80 50.09 50.39 50.69 50.99 51.29 57 51.59 51.92 52.25 52.58 52.91 53.24 53.57 53.91 54.24 54.57 54.90 55.23 58 55.56 55.93 56.30 56.66 57.03 57.40 57.77 58.13 58.50 58.87 59.24 59.60 59 59.97 60.38 60.79 61.19 61.60 62.01 62.42 62.83 63.24 63.64 64.05 64.46 60 64.87 65.33 65.78 66.24 66.69 67.15 67.60 68.06 68.52 68.97 69.43 69.88 61 70.34 70.85 71.36 71.88 72.39 72.90 73.41 73.92 74.43 74.95 75.46 75.97 62 76.48 77.06 77.63 78.21 78.78 79.36 79.93 80.51 81.08 81.66 82.23 82.81 63 83.38 84.03 84.68 85.32 85.97 86.62 87.27 87.92 88.57 89.21 89.86 90.51 64 91.16 91.90 92.63 93.37 94.11 94.84 95.58 96.32 97.05 97.79 98.53 99.26 FEMALE PARTICIPANT (Table B) YEARS MONTHS 55 49.50 % 49.76 % 50.03 % 50.29 % 50.56 % 50.82 % 51.09 % 51.35 % 51.61 % 51.88 % 52.14 % 52.41 % 56 52.67 52.96 53.25 53.54 53.83 54.12 54.41 54.69 54.98 55.27 55.56 55.85 57 56.14 56.46 56.77 57.09 57.40 57.72 58.03 58.35 58.66 58.98 59.29 59.61 58 59.92 60.27 60.61 60.96 61.31 61.65 62.00 62.35 62.69 63.04 63.39 63.73 59 64.08 64.46 64.84 65.22 65.60 65.98 66.36 66.74 67.12 67.50 67.88 68.26 60 68.64 69.06 69.48 69.90 70.32 70.74 71.16 71.57 71.99 72.41 72.83 73.25 61 73.67 74.13 74.60 75.06 75.53 75.99 76.46 76.92 77.38 77.85 78.31 78.78 62 79.24 79.76 80.27 80.79 81.30 81.82 82.33 82.85 83.36 83.88 84.39 84.91 63 85.42 85.99 86.57 87.14 87.72 88.29 88.87 89.44 90.01 90.59 91.16 91.74 64 92.31 92.95 93.59 94.23 94.87 95.51 96.15 96.80 97.44 98.08 98.72 99.36