- 53 -
Date effective 12/31/88 12/31/88 11/01/89 12/31/89
DWB percentage 25.07 25.54 N/A 23.82
Years of service 7 7 N/A 8
Vesting schedule 4/40 4/40 N/A 4/40
Normal retirement date Same as 401(a) Same as 401(a) Same as 401(a) Same as 401(a)
Death benefit multiple 5.36 5.36 2.86 2.231
Date executed 12/28/88 12/28/88 11/01/89 12/28/89
Date effective 09/04/90 12/31/88 01/01/89
DWB percentage 24 25.54 27.220
Years of service 8 7 7
Vesting schedule N/A 4/40 4/40
Normal retirement date Same as 401(a) Same as 401(a) Same as 401(a)
Death benefit multiple N/A 2.86 2.86
Date executed 10/18/90 02/11/92 02/11/92
On-Site's agreement dated November 1, 1989, also reduced the
minimum death benefit from $50,000 to $25,000.
D. Administration of On-Site's Account in the Prime Plan
On August 15, 1989, Prime forwarded to On-Site a 1988
actuarial valuation for On-Site's account in the Prime Plan,
signed by Laventhol & Horwath. On March 11, 1991, IFTI forwarded
a 1988 annual report for On-Site's account in the Prime Plan to
Mr. Traegde. This report included an actuarial valuation signed
by Deloitte & Touche and provided the following calculations of
vested severance benefits for On-Site's Covered Employees:
1987 Accrual Years of Vesting Vested
Employee Compensation percent Service percent Severance
Mr. Traegde $156,000 25.54 5 45 $89,645
Larry French 36,400 25.54 1 - 0 - - 0 -
Erik Kallstrom 35,984 25.54 1 - 0 - - 0 -
Jeanne Sharon 21,840 25.54 1 - 0 - - 0 -
Norman Burke - 0 - 25.54 N/A N/A N/A
Richard Murphy - 0 - 25.54 N/A N/A N/A
Michael Brandt - 0 - 25.54 N/A N/A N/A
K. Diane Small - 0 - 25.54 N/A N/A N/A
Denise Minix - 0 - 25.54 N/A N/A N/A
Steve Boyles - 0 - 25.54 N/A N/A N/A
The 1988 report did not refer to another participating Employee
Group, and it did not provide any information on the Trust as a
whole. The report related only to the On-Site's Employee Group.
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