Article IV, Section 3
Section 3. Screen Credit Benefit. Any Participant who
earned a theatrical screen play credit for employment during the calendar years
1945 through 1959, inclusive, with an Employer which had agreed on or before
February 3, 1961 to make special contributions hereunder (or with Universal
Pictures Company, Inc. which has agreed to make special contributions hereunder)
in connection with Qualified Screen Credit Years, shall be entitled to receive
in addition to his annual normal, early or late retirement benefit, whichever
is applicable, or in any event if he is not entitled to such a retirement benefit,
an additional annual screen credit benefit in the amount of $180 (reduced (or
increased) actuarially in the event of early (or late) retirement). Such annual
screen credit benefit shall be payable in 12 equal monthly installments concurrently,
where applicable, with the payment of the monthly normal, early or late retirement
benefit, as the case may be; provided, however, that the annual screen credit
benefit of $180 shall be reduced by 1/15th for each year less than 15 Qualified
Screen Credit Years which the Participant has accumulated at the time of his
retirement. Effective for retirement benefits to be paid only on and after January
1, 1996 to all Participants, including those presently retired, the $180 amount
set forth above shall be increased to $360. Note: The HTML formatting of this document varies slightly from the printed version. Please refer to the Adobe PDF for an electronic version which is identical to the actual document without signatures. The actual signed documents are on file with the Administrative Office.
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