REDUCTION LIMITED TO 50%.
(C)
IF A FORMER PARTICIPANT'S DISABILITY CEASES AND HE THEREUPON AGAIN
BECOMES AN EMPLOYEE HIS DISABILITY RETIREMENT BENEFIT SHALL CEASE AND HE SHALL
RESUME STATUS AS A PARTICIPANT. SUCH FORMER PARTICIPANT SHALL ACCRUE CREDITED
SERVICE IN ACCORDANCE WITH THE TERMS OF THE PLAN FOR ANY PERIOD PRIOR TO HIS
NORMAL RETIREMENT DATE AFTER RESUMING STATUS AS A PARTICIPANT. THE NORMAL
RETIREMENT BENEFIT PAYABLE TO SUCH PARTICIPANT ON HIS NORMAL RETIREMENT DATE
SHALL BE REDETERMINED BY TAKING INTO ACCOUNT TOTAL CREDITED SERVICE INCLUDING
THE PERIOD OF DISABILITY, COMPENSATION, ETC. AS REQUIRED BY THE TERMS OF THE
PLAN AND BENEFITS ALREADY PAID HEREUNDER.
(D)
IN THE CASE OF AN EMPLOYEE WHO MADE CONTRIBUTIONS TO ANY
RETIREMENT PLAN SPONSORED BY UOP, INC., WHICH MERGED WITH THE PREDECESSOR PLAN
ON JANUARY 1, 1984, WHICH CONTRIBUTIONS WERE NOT WITHDRAWN PRIOR TO OR AS OF HIS
DISABILITY RETIREMENT DATE, THE DISABILITY RETIREMENT BENEFIT PAYABLE UNDER THIS
SECTION SHALL BE INCREASED BY THE AMOUNT OF SUCH CONTRIBUTIONS ACCUMULATED TO
SUCH DATE AT THE INTEREST RATE APPLICABLE UNDER THE PRIOR PLAN (BUT AFTER
DECEMBER 31, 1983, IN NO EVENT LESS THAN THE INTEREST RATE SPECIFIED IN THE
DEFINITION OF ACTUARIAL EQUIVALENT HEREUNDER) EXPRESSED AS THE ACTUARIAL
EQUIVALENT OF A SINGLE LIFE ANNUITY.
SECTION 3.6
OPTIONAL RETIREMENT BENEFIT.
(A) A PARTICIPANT OR
FORMER PARTICIPANT ENTITLED TO RECEIVE A NORMAL OR EARLY RETIREMENT BENEFIT OR A
PARTICIPANT WHO IS ENTITLED TO RECEIVE A DISABILITY RETIREMENT BENEFIT, SHALL
GENERALLY RECEIVE THE JOINT AND SURVIVOR ANNUITY PROVIDED IN SECTION 3.7 (SO
LONG AS SUCH PARTICIPANT IS OTHERWISE DESCRIBED IN SECTION 3.7), UNLESS SUCH
PARTICIPANT ELECTS NOT TO RECEIVE SUCH ANNUITY AND ELECTS INSTEAD TO RECEIVE A
DISTRIBUTION IN A FORM SPECIFIED IN SUBSECTIONS (I), (II), (III) OR (IV) BELOW.
IN ADDITION, TO BE EFFECTIVE, ANY ELECTION MADE UNDER THIS SECTION 3.6 MUST BE
MADE BY THE PARTICIPANT HIMSELF, MUST BE IN WRITING ON A FORM PRESCRIBED BY THE
ADMINISTRATOR, MUST NAME THE BENEFICIARY IF A FORM OF JOINT ANNUITY IS CHOSEN,
MUST BE SIGNED BY THE PARTICIPANT AND, IF REQUIRED BY THE ADMINISTRATOR, BY THE
PARTICIPANT'S SPOUSE AND MUST BE FILED WITH THE ADMINISTRATOR PRIOR TO THE DATE
HIS BENEFITS ARE TO
29
COMMENCE. A PARTICIPANT TO WHOM SECTION 3.7 DOES NOT APPLY AND WHO MAKES NO
WRITTEN ELECTION UNDER THIS SECTION SHALL RECEIVE A BENEFIT IN ACCORDANCE WITH
SUBSECTION (I) BELOW. A PARTICIPANT MAY ELECT, IN ACCORDANCE WITH THE
REQUIREMENTS OF THE ADMINISTRATOR, TO RECEIVE HIS BENEFIT IN ANY ONE OF THE
FOLLOWING MANNERS:
(I)
A NORMAL, EARLY OR DISABILITY RETIREMENT
BENEFIT, AS THE CASE MAY BE, IN THE FORM OF A SINGLE LIFE ANNUITY,
(II)
A REDUCED MONTHLY BENEFIT PAYABLE DURING
HIS NORMAL, EARLY OR DISABILITY RETIREMENT BENEFIT PERIOD WITH THE PROVISION
THAT IF HE DIES AFTER HIS NORMAL, EARLY, OR DISABILITY RETIREMENT DATE, AS THE
CASE MAY BE, SURVIVED BY HIS PROPERLY DESIGNATED CONTINGENT ANNUITANT, SUCH
CONTINGENT ANNUITANT SHALL RECEIVE A MONTHLY BENEFIT IN THE SAME AMOUNT (OR IN
50%, 66 2/3% OR 75%