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2. DWB's
A Covered Employee generally received a DWB upon termination
of his or her employment for a reason other than "cause". The
amount of the DWB, which was set forth by the employer in the
Adoption Agreement, was based on a percentage of the Covered
Employee's compensation in the calendar year immediately
preceding termination as well as his or her years of service at
the time of termination. In no case could a DWB exceed two times
compensation during the immediately preceding calendar year, and
a DWB could not be greater than the amount shown in the vesting
schedule set forth by the employer in the Adoption Agreement. If
an employee had severed his or her employment when the employer
made the initial contribution, the employee's DWB generally
equaled the amount shown as his or her "Vested Severance Benefit"
in that year's annual report.
Prime had the sole discretion to pay the DWB in a lump sum
or to pay the DWB in monthly installments not to exceed 24 months
after the Covered Employee's termination date. The payment of
DWB's was secured by the insurance company that issued insurance
policies on the life of each Covered Employee.
A Covered Employee's DWB generally was forfeited to the
Suspense Account if he or she: (1) Was discharged for "cause",
(2) terminated employment after attaining a stated age, or
(3) died while employed. Under the August 31, 1988, Agreement,
employment meant "working as an employee, partner or proprietor
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