Welfare Summary Plan Description

16.3 RECIPROCITY AND TRANSFER OF ASSETS AND LIABILITIES

  1. If the Trustees enter into reciprocity agreements with other employee benefit plans and trusts in which assets are transferred to the Plan and Trust on behalf of an employee whose employer is contributing into the transferor plan and trust, the employee will be credited with the hours of service and contributions applicable to his employment with that contributing employer for purposes of determining participation, eligibility and benefits in the Plan, but only pursuant to the terms of the Plan.
  2. If employer contributions on behalf of an employee into the Plan and Trust are to be transferred pursuant to a reciprocity agreement to another plan and trust, that employee, as to such transferable contributions, shall not be credited in any way with hours of service or contributions under the terms of the Plan and Trust for any purpose, including but not limited to calculating participation, eligibility and benefits. Nothing in the foregoing, however, is intended to impair the right of the Plan and Trust to enforce delinquent contributions from a contributing employer whose contributions are to be transferred pursuant to a reciprocity agreement.
  3. The calculation of all credits recognized under the terms of a reciprocity agreement shall be made solely pursuant to the terms of the Plan.