PLAN, AS SET FORTH HEREIN OR AS IT MAY BE AMENDED
OR RESTATED FROM TIME TO TIME.
1.19
"PLAN YEAR" MEANS THE CALENDAR YEAR.
1.20
"PRIOR PLAN" MEANS THE PLAN AS IN EFFECT ON
OCTOBER 3, 2004.
1.21
"QUALIFIED PLAN" MEANS THE PENTEGRA DEFINED
BENEFIT PLAN FOR FINANCIAL INSTITUTIONS, AS FROM TIME TO TIME AMENDED.
ANY
REFERENCE TO A SECTION OF THE QUALIFIED PLAN
3
HEREIN SHALL BE DEEMED TO REFER TO ANY SUCCESSOR PROVISION OF THE QUALIFIED PLAN
WHICH MAY GOVERN THE SUBJECT MATTER OF THE REFERENCED SECTION IN THE FUTURE.
1.22
"QUALIFIED PLAN RETIREMENT BENEFIT" MEANS THE
BENEFIT PAYABLE TO A MEMBER PURSUANT TO THE QUALIFIED PLAN.
1.23
"QUALIFIED PLAN SURVIVOR BENEFIT" MEANS THE DEATH
BENEFIT PAYABLE UNDER THE QUALIFIED PLAN UPON THE DEATH OF A MEMBER PRIOR TO HIS
OR HER PENSION COMMENCEMENT DATE, INCLUDING (IF APPLICABLE) ANY "ACTIVE SERVICE
DEATH BENEFIT" (AS DESCRIBED IN ARTICLE V, SECTION 4, OF THE QUALIFIED PLAN).
1.24
"SUPPLEMENTAL BENEFIT" MEANS A SUPPLEMENTAL
RETIREMENT BENEFIT OR SUPPLEMENTAL SURVIVOR BENEFIT PAYABLE UNDER THE TERMS OF
THE PLAN.
1.25
"SUPPLEMENTAL RETIREMENT BENEFIT" MEANS THE
BENEFIT PAYABLE TO A PLAN MEMBER PURSUANT TO THE PLAN.
1.26
"SUPPLEMENTAL SURVIVOR BENEFIT" MEANS THE BENEFIT
PAYABLE UNDER THE PLAN WITH RESPECT TO THE DEATH OF A MEMBER PRIOR TO THE
PENSION COMMENCEMENT DATE.
1.27
"THRIFT BEP" MEANS THE FEDERAL HOME LOAN BANK OF
BOSTON THRIFT BENEFIT EQUALIZATION PLAN, AS IT MAY BE AMENDED OR RESTATED FROM
TIME TO TIME.
1.28
"TERMINATION OF EMPLOYMENT" MEANS THE SEVERING OF
EMPLOYMENT WITH THE BANK AND ANY AFFILIATES, VOLUNTARILY OR INVOLUNTARILY, FOR
ANY REASON.
A TERMINATION OF EMPLOYMENT WILL BE DEEMED TO HAVE OCCURRED IF THE
FACTS AND CIRCUMSTANCES INDICATE THAT THE BANK AND THE MEMBER REASONABLY
ANTICIPATE THAT NO FURTHER SERVICES WILL BE PERFORMED AFTER A CERTAIN DATE OR
THAT THE LEVEL OF BONA FIDE SERVICES THE MEMBER WILL PERFORM FOR THE BANK AND
ITS AFFILIATES AFTER SUCH DATE (WHETHER AS AN EMPLOYEE OR AS AN INDEPENDENT
CONTRACTOR) WILL PERMANENTLY DECREASE TO NO MORE THAN 20% OF THE AVERAGE LEVEL
OF BONA FIDE SERVICES PERFORMED (WHETHER AS AN EMPLOYEE OR AN INDEPENDENT
CONTRACTOR) OVER THE IMMEDIATELY PRECEDING 36-MONTH PERIOD (OR THE FULL PERIOD
OF SERVICES TO THE EMPLOYER IF THE MEMBER HAS BEEN PROVIDING SERVICES TO THE
BANK AND ITS AFFILIATES LESS THAN 36 MONTHS).
A MEMBER WILL NOT BE DEEMED TO
HAVE INCURRED A TERMINATION OF EMPLOYMENT WHILE HE OR SHE IS ON MILITARY LEAVE,
SICK LEAVE, OR OTHER BONA FIDE LEAVE OF ABSENCE (SUCH AS TEMPORARY EMPLOYMENT BY
THE GOVERNMENT) IF THE PERIOD OF SUCH LEAVE DOES NOT EXCEED SIX MONTHS OR SUCH
LONGER PERIOD AS THE MEMBER'S RIGHT TO REEMPLOYMENT WITH THE BANK IS PROVIDED
EITHER BY STATUTE OR BY CONTRACT.
FOR THIS PURPOSE, A LEAVE OF ABSENCE IS BONA
FIDE ONLY IF THERE IS A REASONABLE EXPECTATION THAT THE MEMBER WILL RETURN TO
EMPLOYMENT AT THE CONCLUSION OF THE LEAVE.
IF THE PERIOD OF LEAVE EXCEEDS SIX
MONTHS AND THE MEMBER'S RIGHT TO REEMPLOYMENT IS