280.80   RIGHTS OF TERMINATED EMPLOYEES

A participant who shall cease to be an employee, except as otherwise hereinbefore provided, shall have all interest and rights under this plan limited to those contained in the following sections of this Article.

280.81   DISTRIBUTION OF ACCUMULATED CONTRIBUTIONS

A participant whose employment with the employer shall terminate for any reason other than death, total and permanent disability or retirement, shall be entitled to receive a distribution of accumulated contributions.  Upon receipt of such accumulated contributions, said participant and beneficiary shall not be entitled to any further payments from the plan.

280.82   VESTED BENEFITS UPON TERMINATION

In lieu of receiving a distribution of accumulated contributions, a participant who shall have completed ten years of service with the employer and who ceases to be an employee of the employer for any reason other than death, total and permanent disability or retirement, may elect to vest retirement benefits under the plan by filing a written notice of the intention to vest with the Plan Administrator within ninety days of the date employment ceases.  A participant who exercises such an option shall be eligible, upon attainment of what would have been the participant’s normal retirement date, for a vested retirement benefit, equal to the accrued benefit, determined as of the date on which employment ceased.  If a participant elects to vest a benefit but dies prior to the commencement thereof, the beneficiary shall be entitled to a distribution of the participant’s accumulated contributions as of the date the participant’s employment ceased.