A.C. Green Electrical Contractors, Inc. - Page 4

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          annuity for his life.  Under this election, the surviving spouse            
          would receive nothing.                                                      
               Section 4.01 of each plan provides as follows:                         

                    Notwithstanding the provisions of Article III, the                
               benefits of * * * [Rozenblatt or Jakubowicz] having a                  
               spouse living on the date on which his benefits would                  
               commence because of his retirement on his Normal or                    
               Deferred Retirement Date or earlier commencement of                    
               benefits shall be paid in the form of a * * * [QJSA]                   
               unless, within 90 days prior to such date (or within                   
               such longer or shorter period as may be deemed                         
               reasonable by the Secretary of the Treasury), he elects                
               in writing not to take such annuity. * * *                             

               Under section 1.25 of each plan, the QJSA provided under               
          each plan is defined as a joint and 100-percent survivor annuity            
          (i.e., each surviving spouse is to receive as a survivor annuity            
          the same annuity payment that her husband is to receive during              
          his life).  Under section 1.25 of each plan, the QJSA is defined            
          further as a joint and 100-percent survivor annuity that is                 
          equivalent in value to a participant's retirement pension.                  
          Section 1.25 of each plan provides as follows:                              

               [QJSA] means an annuity for the life of * * *                          
               [Rozenblatt or Jakubowicz] with a survivor annuity for                 
               the life of the spouse * * * which is the actuarial                    
               equivalent of his Retirement Pension.  The Survivor                    
               Annuity shall be the same amount the annuitant was                     
               receiving.                                                             

          Under the plans, "actuarial equivalent" means equal in present              
          value.                                                                      





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