JEEP CORPORATION - UAW Retirement Income Plan As of October 2003

Section 14. Overpayment Balance Under the Life and Disability Benefits Program 30 Article IV - Commencement and Duration of Benefis 31 Section 1. Age-Retirement Benefits 31 Section 2.<br><br> Disability Retirement Benefits 32 Section 3. Supplemental or Temporary Benefits 33 Section 4. Deferred Vested Benefits 34 Section 5.<br><br> Provisions in Effect During Benefit Suspension 34 Section 6. Suspension of Benefits at Option of Employee 35 Section 7. Facility of Payment 35 Article V - Financing 36 Section 1.<br><br> Trust Fund 36 Section 2. Contributions 36 Section 3. Employee Contributions 36 Section 4.<br><br> Company Interest 37 Section 5. Contribution Liability 37 Article VI - Procedure for Handling Questions of Fact 38 Section 1. Written Statement of Participant 38 Section 2.<br><br> Written Notification of Claim Denial 38 Jeep Corporation 3 UAW December, 2003 Retirement Income Plan i JEEP CORPORATION-UAW Retirement Income Plan Section Page Section 3. Appeal Procedure 38 Article VII - Board of Administration 39 Section 1. Establishment 39 Section 2.<br><br> Impartial Chairman 39 Section 3. Powers of the Board 39 Section 4. Meetings 40 Section 5.<br><br> Reliance 40 Article VIII - Non Alienation of Benefits 41 Section 1. Nonalienation 41 Section 2. Union Dues and Taxes 41 Article IX - Amendment and Duration of the Plan 43 Section 1.<br><br> Amendment and Duration 43 Section 2. Plan Qualification 43 Article X - Limitation of Benefits, Termination or Merger of the Plan 44 Section 1. Termination of the Plan 44 Section 2.<br><br> Merger of Plan 44 Article XI - Named Fiduciaries 45 Appendix A. Benefit Class Codes 46 Appendix B. Basic Benefit Rates 48 Appendix C.<br><br> Early Retirement Temporary Benefit Rates 52 Appendix D. 30 & Out Total Monthly Benefit 53 Appendix E. Special Early Retirement Supplementary Benefit Rates 54 Appendix F.<br><br> Disability Retirement Supplementary Benefit Rates 55 Appendix G Interim Supplement 57 Appendix H Reduction Factors at Selected Ages for Disability Survivor Option Before Age 57 and 55 58 Appendix I. Limitation on Contributions and Benefits 59 Letter (1) Transferred Employees 63 Letter (2) Administrative Expense 65 Letter (3) Special Early Standards 66 Letter (4) Overpayment Recoveries 69 Letter (5) Actuarial Valuations and 5500 Reports 70 Letter (6) IRS Approvals 71 Letter (7) SSDIB Awards 72 Letter (8) PTD Study 73 Letter (9) Hourly Benefits Statement 74 Letter (10) Surviving Spouse Option Notice 75 Letter (11) Notice of Benefit Amounts 76 Letter (12) Toll-Free Number 77 Letter (13) Plan Simplification 78 Letter (14) Credited Service for 1990, 1991 & 1992 Layoff Time 79 Letter (15) Special Early Offer 80 Letter (16) Investments 81 Letter (17) Benefit Class Codes 84 Letter (18) Workers 9 Compensation - Credited Service 85 Letter (19) Extended Supplements - Social Security 80% Benefit 86 Letter (20) Lump Sum Payments 88 Letter (21) Incentive Program for Retirements 90 Letter (22) Special Early Retirement 95 Jeep Corporation 3 UAW December, 2003 Retirement Income Plan ii JEEP CORPORATION-UAW Retirement Income Plan Section Page Letter (23) Lump Sum - Pension Fund 97 Letter (24) Parity Agreement 99 Jeep Corporation 3 UAW December, 2003 Retirement Income Plan iii EXHIBIT A JEEP CORPORATION - UAW RETIREMENT INCOME PLAN ARTICLE I - DEFINITIONS As used in this Plan, the following terms shall have the meanings indicated: (1) cAct d means the Employee Retirement Income Security Act of 1974 and any future legislation amending, supplementing, superseding or incorporating it, and including any regulations issued pursuant thereto. (2) The cActuarial Value d of an equivalent lump sum value as of any determination date shall be calculated on the basis of the 1983 Group Annuity Mortality Table and the interest rate on 30-year U.S.<br><br> Treasury Securities determined for the month of October of the year immediately preceding the year of the determination date. (3) cActuary d means an independent individual actuary selected by the Company who is enrolled with the Joint Board for Enrollment of Actuaries and is a Fellow or Associate of the Society of Actuaries or is a member of the American Academy of Actuaries, or a firm of independent actuaries selected by the Company, one of whose members is such a Fellow, Associate, or Member. (4) cBoard d means the Joint Board of Administration appointed in accordance with, and empowered as provided in Article VII of this Plan.<br><br> (5) cCommittee d means the Employee Benefits Committee which was established by the Board of Directors of DaimlerChrysler Corporation as constituted from time to time. The Committee, including persons delegated by the Committee, shall have such fiduciary responsibilities under the Plan as are allocated to it pursuant to Article XI of the Plan. (6) cCompany d means DaimlerChrysler Corporation, and its predecessors, Chrysler Corporation, Jeep Corporation, Kaiser Jeep Corporation, Willys Motors, Inc., and Willys-Overland Motors, Inc.<br><br> (7) cControlled Group of Companies d means such employer organizations under common control as provided under the Act. (8) (a) cCredited Service d means the sum of any Past Service and any Future Service for which credit is allowed under Article II and shall be used in computing the amount of benefits under the Plan and for determining the eligibility for certain benefits under the Plan. (b) cVesting Service d means that period of employment with the Company, and/or with a member of a Controlled Group of Companies, and/or with an affiliated company, as determined in accordance with Article II, Section 7 of the Plan, for use in determining the eligibility for Deferred Vested Benefits under the Plan.<br><br> (9) cEffective Date d means the effective date of this Plan, October 1, 2003. (10) cEmployee d means: Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 1 (a) any person employed by the Company or on the seniority list on or after June 21, 1950, and who was on the seniority list on or after June 30, 1951, in the bargaining unit which is defined in the Collective Bargaining Agreement between the Company and the Union, except as to persons who became a part of the bargaining unit by reason of the amendment to the Collective Bargaining Agreement between the Company and the Union dated July 23, 1956, which persons are Employees within this definition if they were on the seniority list on or after November 1, 1955; or (b) any person employed by the Company or on the seniority list on or after November 1, 1955, in the bargaining unit which was defined in the Collective Bargaining Agreement between the Company and the Mechanics Educational Society of America, Local No. 4; or (c) any person employed by the Company or on the seniority list on or after April 1, 1965, in the bargaining unit which was defined in the Collective Bargaining Agreement between the Company and the Pattern Makers 9 Association of Toledo, Ohio, and the Pattern Makers 9 League of North America; or (d) for Taxable Years ending prior to January 1, 1975, any person who has been at any time an Employee within the definitions of the preceding paragraphs and who ceases to satisfy such requirement by sole reason of having taken employment with the Company in a supervisory or other classification.<br><br> The term cEmployee d shall exclude such person who is: (i) covered by another pension plan to which the Company makes contributions, or (ii) employed on a part-time or temporary basis for less than 40 hours per month subsequent to his Normal Retirement Date or his date of reemployment by the Company if he was a Retired Participant or an Ex-Participant who is receiving a pension benefit under the Plan; or (iii) employed on a contract fee basis subsequent to his Normal Retirement Date or his date of reemployment if he was a Retired Participant or an Ex-Participant who is receiving a pension benefit under the Plan; or (iv) a cleased employee d as defined under Section 414(n) of the Internal Revenue Code of 1986, as amended ( cCode d). (11) cEx-Employee d means an Employee whose employment with the Company has been terminated and who is eligible for a Deferred Vested Benefit in accordance with the Plan. (12) cInvestment Strategy Group d means the Investment Strategy Group established by the Benefit Fund Review Committee of the Board of Directors of DaimlerChrysler Corporation.<br><br> (13) cNormal Retirement Date d means the first of the month following the month in which the Employee attains age 65. (14) cPermanently and Totally Disabled d means permanent incapacity which satisfies the provisions of Article III, Section 4. Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 2 (15) cPlan d means this Jeep Corporation - UAW Retirement Income Plan, as set forth herein and as from time to time amended.<br><br> (16) cRetired Employee d means a former Employee who has retired and is entitled to receive a Retirement benefit under this Plan. (17) cRetirement d means Normal, Regular Early, Special Early and Disability Retirement. cRetirement Date d shall be the first day of the month following the month in which the Employee becomes eligible for Retirement benefits under this Plan and has made proper application therefor.<br><br> (18) cTaxable Year d means the annual period for which an Employee 9s Federal Withholding Tax is computed under the Federal Income Tax Law. (19) cUnion d or cJeep Unit d means the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, UAW, Local No. 12 (Jeep Unit).<br><br> (20) Wherever used herein, the masculine gender shall import the feminine, and vice-versa, unless the context shall specifically otherwise require. Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 3 ARTICLE II - CREDITED SERVICE Section 1. Past Service A.<br><br> An Employee shall be credited with Past Service equal to his years of seniority which he holds with the Company on the date on which Future Service commenced. For Employees represented by the UAW Local No. 12 (Jeep Unit), Future Service commenced on September 18, 1950; for Employees represented by the Mechanics Educational Society of America, Local No.<br><br> 4, Future Service commenced on November 1, 1955; and for Employees represented by the Pattern Makers 9 Association of Toledo, Ohio and the Pattern Makers 9 League of North America, Future Service commenced on April 1, 1965. B. The above notwithstanding, such an Employee shall also be credited with Past Service for each year or portion thereof by which the total of his service with the Company subsequent to May 27, 1928, exceeds his seniority on the date on which Future Service commenced pursuant to paragraph A above; provided that an Employee who had his seniority canceled after April 9, 1935, and later was rehired prior to such date when Future Service commenced, shall be credited only with the Past Service to which he is entitled on the basis of the seniority which he held on such date when Future Service commenced; provided further that if an Employee shall have quit to transfer, or shall have transferred, from either the UAW, MESA, IAM or Pattern Makers Union to another of said unions, or from one department to another in said unions, and shall have rehired in the next union or department within 7 days, such a quit or transfer, if occurring after April 9, 1935, shall not be deemed to be a cancellation of seniority for the purpose of this paragraph.<br><br> C. Past Service shall be computed to the nearer month. Section 2.<br><br> Future Service A. General Credited Service after Future Service commenced (September 18, 1950, for Employees represented by the Union; November 1, 1955, for Employees represented by MESA Local No. 4; April 1, 1965, for Employees represented by the Pattern Makers 9 Association of Toledo, Ohio and the Pattern Makers 9 League of North America) shall be computed for each subsequent Taxable Year on the basis of the total hours credited to an Employee during such Taxable Year.<br><br> Any Taxable Year in which the Employee is credited with 1700 or more hours shall be counted as one year of Credited Service. Where total hours credited during a Taxable Year are less than 1700, a proportionate credit shall be given to the nearer 1/12 of a year. Each 142 hours will constitute 1/12 year and the remaining hours, if greater than 71, will also be counted as 1/12 but if the remaining hours are 71 or less, they will not be counted.<br><br> Hours to be credited will be: (1) all hours worked, and (2) 8 hours for each holiday for which compensation is received. Notwithstanding the above, for purposes of Department of Labor Regulations 2530.204-2(c), an Employee shall be credited with a year of Credited Service if he works 2,080 hours during the taxable year, and if the Employee works less than 2,080 hours during the taxable year, the Employee shall be credited with a partial year of Credited Service, no less than a ratable portion of a full year of participation based on the ratio of the number of hours worked to 2,080 hours. Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 4 B.<br><br> Leaves of Absence and Layoffs In addition to the hours credited above, Credited Service will also be given at the rate of 40 hours per week for certain leaves of absence and instances of layoff, provided that the Employee would otherwise have been scheduled to work and provided further that the Employee returns to work in accordance with the terms of the leave. In the event of a failure to return from the leave, the Employee 9s Credited Service and pension rights will be only that which he had at the commencement of the leave unless such failure is due to the death of the Employee while on such leave. Notwithstanding the foregoing, an Employee with seniority on or after March 1, 2000 who is on layoff or on leave of absence for which Credited Service is granted under Sections (1) and (2) below, shall have such service credited during such layoff or leave of absence without the requirement of returning to work.<br><br> Subject to these provisions, Credited Service shall be granted: (1) at a rate of 40 hours per week to an Employee who is on an approved leave of absence granted by the Company for illness, provided that: (a) effective March 1, 2000, the employee must have received pay for at least 170 hours in any calendar year in which the employee is on such leave of absence; and (b) effective March 1, 2000, the number of hours of Credited Service granted under this Article II Section (2)(B)(1) is limited to 1,530 over the duration of the leave of absence, distributed so as to provide a maximum of 1,700 hours of credited service in the calendar year in which the leave of absence commences, with the difference between 1,530 and those hours allocated to the calendar year in which the leave of absence commences being allocated in the calendar year following the calendar year in which the leave of absence commences; and (c) effective March 1, 2000 employees who as of this date are on a leave of absence due to illness granted prior to this date, and who have accrued more than 1,530 hours of Credited Service while on the leave of absence due to illness, shall cease to accrue additional Credited Service for the duration of their leave of absence due to illness. (2) to an Employee who is on leave of absence approved by the Company due to occupational injury or disease and who receives workers compensation payments may count 40 hours for each complete calendar week of such absence on or after the effective date, in the same manner as though he had received pay for working such hours: provided however that no hours may be counted that are after the Employee 9s Retirement, and provided further that if such absence occurred before October 1, 1997 the Employee must first make application to count such hours. (3) to an Employee who is on a leave of absence commencing on or after February 1, 1968, but prior to January 1, 1980, granted by the Company for pregnancy, at the rate of 40 hours per week of such leave; and, to an Employee who is on a leave of absence which commenced prior to February 1, 1968, granted by the Company for maternity leave, at a rate of four months for each leave.<br><br> The pre February 1, 1968 Credited Service will be in addition to (but will not duplicate) all other Credited Service under this Plan, and will not cause more than 1,700 hours of Credited Service in a calendar year to be credited. (4) for only the period February 1, 1968, through January 31, 1971, to an Employee who is on a waiver leave of absence granted by the Company, at the rate of 40 hours per week of such leave; Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 5 (5) to an Employee who shall be absent from work pursuant to a leave of absence granted by the Company for business of the Collective Bargaining Unit representing the Employee, at the rate of 40 hours per week of such leave; (6) effective February 1, 1968, and ceasing to be effective January 1, 2004, to an Employee who shall be absent from work pursuant to a leave of absence granted by the Company for the purposes of filling a position of service, to which the Employee has been elected or appointed, of the Government of the United States, or any political subdivision thereof, at the rate of 40 hours per week of such leave; provided that effective February 1, 1974, the period for which such leave of absence will be granted shall be only the first term of such elected or appointed position of service; (7) to an Employee who leaves the employment of the Company to enter the Armed Forces of the United States and retains re-employment rights with the Company under provisions of law or the Collective Bargaining Agreement, at the rate of 40 hours per week of such leave; (8) effective February 1, 1968, and ceasing to be effective January 1, 2004, to an Employee who shall be absent from work pursuant to a leave of absence granted by the Company for personal business, at the rate of 40 hours per week; provided that effective February 1, 1974, granting of such credit shall be limited to the first 30 days of such leave; (9) for only the period February 1, 1968, through January 31, 1974, to an Employee who shall be absent from work pursuant to a leave of absence granted by the Company when such Employee is going to be out of the plant for an extended period of time working in a capacity which will further the interests of the Company, at the rate of 40 hours per week of such leave; (10) for only the period of February 1, 1968, through January 31, 1974, to an Employee who shall be absent from work pursuant to a leave of absence granted by the Company for the purposes of attending school, at the rate of 40 hours per week of such leave; (11) for the period September 19, 1950, through November 18, 1962, to an Employee who retires on a Normal, Regular Early, Special Early or Disability Retirement on or after February 1, 1974, excluding Employees terminating with Deferred Vested Benefit eligibility, and who was on layoff during such period, at the rate of 40 hours per week for each week of layoff, provided that such Employee was not on waiver leave during such period of layoff. In no event shall such Credited Service be granted prior to actual Retirement and the granting of such Credited Service shall not cause the Employee to earn more than 1700 hours of Credited Service in any Taxable Year.<br><br> Effective with Retirements on or after February 1, 1977, Credited Service will be granted as above for periods of layoff during which an Employee had elected a waiver leave provided that such additional credit during waiver leaves shall be limited to a maximum of 3 years. (12) for the period November 19, 1962, to February 1, 1980, to an Employee (i) with seniority on February 1, 1980, and/or (ii) with at least 5 years of Credited Service on Jan. 1, 1983 and who was actively at work during the period January 1, 1980 through December 31, 1982, for a period of layoff during such three year period, and/or Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 6 (iii) with at least 5 years of seniority on February 1, 1982, who was absent from work because of layoff during any Taxable Year after December 31, 1982 and before February 1, 1985, and who was actively at work for the Company during such period at the rate of 40 hours per week of layoff during such periods multiplied by the following applicable table: Seniority as of February 1, 1980 for (i) Factor 20 or more years 15 but less than 20 years 10 but less than 15 years 5 but less than 10 years 1.00 .75 .50 .25 Credited Service as of January 1, 1983 for (ii) Factor 20 or more years 15 but less than 20 years 10 but less than 15 years 5 but less than 10 years 1.00 .75 .50 .25 Seniority as of February 1, 1985 for (iii) Factor 20 or more years 15 but less than 20 years 10 but less than 15 years 5 but less than 10 years 1.00 .75 .50 .25 Except as expressly provided herein, such additional Credited Service shall only be granted at the time application is made for a Normal, Regular Early, Special Early, or Disability Retirement Benefit or at the time of death.<br><br> Further, such additional credited service shall not include, in any case, periods of layoff during which the Employee was on Waiver Leave or any Credited Service which shall cause the Employee to earn more than 1700 hours of Credited Service in a Taxable Year. For an Employee with 20 or more years of seniority as of February 1, 1985, additional Credited Service will be credited for the period November 19, 1962 through December 31, 1982 for periods of layoff at the rate of 40 hours per week of layoff during such period, excluding any period of layoff while on waiver leave. This additional Credited Service will be granted only at time of retirement or death and will be in addition to (but will not duplicate) all other service under the Plan, and will not cause more than 1700 hours of Credited Service in a Taxable Year to be credited.<br><br> (13) Credited Service for Future Periods of Layoff (a) For an Employee who is actively at work on or after January 1, 1982 and prior to March 1, 2000 and who accrues in any Taxable Year thereafter less than the total number of hours necessary for a full year of future service under the provisions of Article II Section (2)(A), future service shall be credited based on 40 hours per week, up to a maximum of 1700 hours of credit, for the period of any layoff provided that the Employee Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 7 (i) has received pay for at least 170 hours but for less than 1700 hours during such Taxable Year and prior to such layoff and (ii) has 10 or more years of Credited Service at time of layoff. (Effective September 4, 1990, 10 years of Credited Service is required only for Employees laid off prior to January 1, 1987.) (b) For an Employee who is actively at work on or after March 1, 2000, who (i) is subject to a period of layoff after March 1, 2000, and (ii) has received pay for 170 hours during a calendar year in which the employee is on layoff, shall be credited with future service at a rate of 40 hours per week up to a maximum of 1,530 hours (3,230 hours provided that the Employee has 10 or more years of seniority at the time the layoff commences) for the duration of the period of layoff. Credited Service under this Article II Section (2)(A)(13)(b) will be allocated so as to provide sufficient hours for the Employee to attain the hours necessary to accrue a full year of future service in the calendar year in which the layoff commences.<br><br> Should the period of layoff continue beyond the calendar year in which the layoff commences, the difference between 1,530 (3,230 if the employee has 10 or more years of seniority at the time the layoff commences) and the number of hours used to provide the Employee with a full year of future service in the calendar year in which the layoff commences, will be carried over and allocated to calendar years subsequent to the calendar year in which the layoff commences. (14) For the period December 31, 1973 to January 1, 1977 to an Employee (i) who accrued less than 1700 hours of Credited Service in any calendar year between those two dates, (ii) was absent from work due to a layoff that resulted in his being cleared from the roll between such dates and (iii) had seniority on October 1, 1993, at the rate of 40 hours per week of layoff during such periods multiplied by the following applicable table: Seniority as of October 1, 1993 Factor 20 or more years 15 but less than 20 years 10 but less than 15 years 5 but less than 10 years 1.00 .75 .50 .25 provided, however, that the Employee must first make application in order to count such hours, and provided, further, that in no event shall the provisions of this Clause result in a duplication of Credited Service under this or any other provision of this Article II. (15) For the period December 31, 1978 to January 1, 1984 (i) who accrued less than 1700 hours of Credited Service in any calendar year between those two dates, and (ii) was absent from work due to a layoff that resulted in his being cleared from the roll between such dates and (iii) had seniority on October 1, 1999, at the rate of 40 hours per week of layoff during such periods multiplied by the following applicable table: Seniority as of October 1, 1999 Factor 20 or more years 15 but less than 20 years 1.00 .75 Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 8 10 but less than 15 years 5 but less than 10 years .50 .25 (16) For employees covered under this plan who transferred from Kenosha, for the period December 31, 1980 to January 1, 1984 (i) who accrued less than 1700 hours of Credited Service in either calendar year between those two dates, and (ii) was absent from work due to a layoff that resulted in his being cleared from the roll between such dates, and (iii) had seniority on September 13, 2002, and (iv) upon making application to the Board in a manner specified by the Board, at a rate of 40 hours per week of layoff during such period, multiplied by the applicable rate from the following table: Seniority as of October 1, 1999 Factor 20 or more years 1.00 15 but less than 20 years .75 10 but less than 15 years .50 5 but less than 10 years .25 (17) For the period December 31, 1978 through January 1, 1989 (i) who accrued less than 1700 hours of Credited Service in any calendar year between those two dates, and (ii) was absent from work due to a layoff that resulted in his being cleared from the roll between such dates, and (iii) had seniority on January 1, 2004 (iv) upon making application to the Board in a manner specified by the Board, at a rate of 40 hours per week of layoff during such periods multiplied by the following applicable table: Seniority as of January 1, 2004 Factor 20 or more years 1.00 15 but less than 20 years .75 10 but less than 15 years .50 5 but less than 10 years .25 (18) For employees covered under this plan, who transferred from Kenosha, for the period December 31, 1976 to January 1, 1979, (i) who accrued less than 1,700 hours of Credited Service in any calendar year between these two dates, and (ii) was absent from work due to layoff that resulted in his being cleared from the roll between such dates, and (iii) had Seniority on January 1, 2004 and (iv) upon making application to the Board in a manner specified by the Board, at a rate of 40 hours per week of layoff during such period, multiplied by the applicable rate from the following table: Seniority as of January 1, 2004 Factor 20 or more years 1.00 15 but less than 20 years .75 10 but less than 15 years .50 5 but less than 10 years .25 Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 9 C.<br><br> Notwithstanding the above provisions, effective beginning November 19, 1962, an Employee shall be able to earn additional Future Service credit in a Taxable Year to the maximum indicated in the following schedule in the event he voluntarily absents himself from his job (for other than vacation purposes), at the rate of 8 hours for each such day, provided he is of the age indicated and is not absent for a period longer than indicated in the following schedule: Age Maximum Time Off Maximum Credit 62 720 hours 90 consecutive calendar days 63 840 hours 120 consecutive calendar days 64 1200 hours 150 consecutive calendar days Section 3. Loss of Credited Service Any Employee who is terminated as the result of a quit or termination for any other reason, including termination which results from a layoff of sufficient duration to result in a loss of seniority, shall lose all Credited Service and benefits under this Plan, unless specifically eligible for Retirement or Deferred Vested Benefits under the Plan. Section 4.<br><br> Reinstatement of Credited Service A. An Employee who has retired under the Retirement provisions of the Plan or an Ex-Employee who terminated with entitlement to a Deferred Vested Benefit and is subsequently re-employed by the Company, a member of a Controlled Group of Companies, or an affiliated company shall have the Credited Service which he had at the time of Retirement or termination reinstated (for all purposes of the Plan if he was entitled to a Deferred Vested Benefit and such benefit had not yet commenced) and the benefits as the result of subsequent Retirement payable, such reinstatement and subsequent payment as described in and subject to the provisions of Article IV. B.<br><br> An Employee who has seniority on February 1, 1980, and retires under the Normal, Regular Early, Special Early or Disability Retirement provisions of the Plan on or after February 1, 1980, or on whose death on or after that date and prior to Retirement has a spouse who is entitled to a Survivor Benefit shall have restored at time of Retirement or death any Credited Service previously lost in accordance with Section 3 of this Article and not heretofore restored, provided restoration of such Credited Service will not cause the Credited Service for any Taxable Year to be in excess of one year. C. An Employee who terminates employment on or after January 1, 1976, who is not eligible for an immediate or deferred benefit under the Plan and who subsequently returns to employment with the Company, a member of a Controlled Group of Companies or an affiliated company, shall have such Credited Service reinstated for all purposes of the Plan unless such years of service are excluded from Vesting Service under Section 7 of this Article II.<br><br> Section 5. Transferred Employees A. Notwithstanding any provisions of the Plan to the contrary, if a person at the request of the Company has been: (1) separated from the employment of a subsidiary or affiliated company, or Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 10 (2) transferred from an employment status with the Company not covered by the Plan and thereby becomes covered as an Employee under this Plan, or (3) if an Employee is separated from the employment of the Company at the request of a subsidiary or affiliated company for purposes of employment with such subsidiary or affiliate or is transferred to an employment status with the Company not covered by the Plan and thereby is no longer covered as an Employee under this Plan, then his Credited Service under any other pension plan of the Company or any pension plan of the subsidiary or affiliate to or from which he was transferred shall be combined with the Credited Service under this Plan for determining his eligibility for benefits under this Plan; provided, however, that any benefits so payable under this Plan shall be calculated based only on the Credited Service earned under this Plan and shall be based on the provisions of this Plan at the time of his actual death, Retirement or termination from the Company, subsidiary or affiliated company.<br><br> B. If an Employee is separated prior to January 1, 1975, from the employment of the Company pursuant to Section 5A(3) above for purposes of employment with AM General Corporation, then the Credited Service accrued under this Plan shall be transferred to the pension plan under which he becomes a participant in his employment with AM General Corporation, and such Credited Service and corresponding benefits accrued hereunder shall thereby be cancelled for purposes of this Plan. C.<br><br> Effective January 1, 1977, an Employee who transfers to a noncovered status with the Company or an affiliate or subsidiary shall no longer accumulate Credited Service under the Plan while in such other status. Effective the same date, for an Employee who was previously transferred to such noncovered status and remains in such noncovered status as of January 1, 1977, the accumulation of Credited Service under the Plan will be only such as such Employee had as of the later of January 1, 1975, or actual date of transfer. For such transferred Employees, Credited Service and Vesting Service earned while covered by any other plan of the Company, and its subsidiaries and affiliates shall be considered as such service under this Plan but solely for the purpose of determining eligibility for benefits.<br><br> D. Effective July 1, 1997, the Credited Service of transferred Employees described in Letter 1 shall be determined in accordance with such Letter Agreement. Section 6.<br><br> Limitation With respect to this Article II, no Credited Service shall be granted for periods of employment subsequent to the month in which the Employee attains his 70th birthday for an Employee who retired prior to March 1, 1988 and no more than one year of Credited Service will be given for any Taxable Year and there shall be no duplication of Credited Service, including no duplication of Credited Service under this Plan with respect to any Employee who has credited service under any other pension plan of the Company or an affiliate or subsidiary company at his termination of employment from the Company or affiliate or subsidiary. Section 7. Vesting Service A.<br><br> An Employee who is not eligible for a Deferred Vested Benefit under Article III, Section 5, because the Employee has not accumulated 5 years of Credited Service will be eligible for a Deferred Vested Benefit if the Employee has accumulated 5 years of Vesting Service in lieu of 5 years of Credited Service. The amount of the benefit will be determined under Article III, Section 5, utilizing years of Credited Service rather than years of Vesting Service. Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 11 B.<br><br> An Employee will be credited with Vesting Service as of January 1, 1976, or, if later, the January 1, coinciding with or immediately following his date of hire, taking into account all service from his commencement of employment, except as excluded in Section C below. C. Vesting Service shall mean all of an eligible Employee 9s years of service except: (1) years of service during which the Employee has not completed 870 hours of service (1000 hours beginning calendar year 1998 and thereafter) (2) years of service before age 18; (3) years of service before January 1, 1971, unless the Employee had 3 years of service after December 31, 1970; (4) years of service before January 1, 1976 to the extent that such service would have been disregarded under the Plan 9s break in service rules in effect on December 31, 1975; (5) years of service before a cone-year break in service d until the Employee has completed one year of service after such break; and (6) years of service by an Employee who is not eligible for a Deferred Vested Pension Benefit under Article III, Section 5, before consecutive breaks in service of one year if the number of consecutive one-year breaks in service equals or exceeds the greater of five or the aggregate number of such years of service prior to such break.<br><br> The aggregate number of years of service before such breaks shall be deemed not to include any years of service not counted under this subsection by reason of any prior break in service. D. For the purposes of Section 7: (1) The term cyear of service d means a calendar year period during which the Employee has completed 870 hours of service with the Company (1000 hours beginning calendar year 1998 and thereafter).<br><br> (2) The term chour of service d means (a) each hour for which an Employee is paid, or entitled to payment by the Company for the performance of duties for the Company and (b) each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Company. These hours shall be credited in accordance with Department of Labor regulation 2530.200b-2 as further defined in 2530.200b-3. Hours shall not be credited in accordance with both (a) and (b) above.<br><br> (3) The term cone-year break in service d means a calendar year during which an Employee has not completed more than 435 hours of service with the Company (500 hours beginning calendar year 1998 and thereafter). Notwithstanding the foregoing, for any absence from work commencing on or after January 1, 1986 by reason of pregnancy of the individual, birth of the individual 9s child, placement of a child with the individual in connection with the individual 9s adoption of the child, or for purposes of caring for such child for a period immediately following such birth or placement, or for any absence from work commencing on or after October 1, 1993, for any reason that qualifies an Employee for a leave under the Family and Medical Leave Act of 1993, the Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 12 Employee shall be credited with the hours of service for which he would otherwise have been scheduled, or, if that cannot be determined, eight hours for each work day of such absence, not to exceed a total of 501 hours of service for any such absence. Such hours of service shall be credited in the calendar years in which the absence commences if necessary to prevent the occurrence of a break in service, otherwise such hours shall be credited in the immediately following year.<br><br> In no event will such hours be credited for any purpose other than the prevention of a break in service. (4) cCompany d shall include the Company, a member of a Controlled Group of Companies, or an affiliated company. Section 8.<br><br> Qualified Military Service Notwithstanding anything in this Pension Plan to the contrary, contributions, benefits and service credit with respect to qualified military service will be provided in accordance with Section 414(u) of the Code for employees re-employed following qualified military service on or after December 12, 1994. Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 13 ARTICLE III - ELIGIBILITY FOR AND AMOUNT OF BENEFITS Section 1. Normal Retirement A.<br><br> An Employee with at least 10 years of Credited Service (1 year of Credited Service on or after October 1, 2003) whose employment with the Company is terminated when or after he attains the age of 65 shall be eligible for a Normal Retirement Benefit as provided in this Section. B. An Employee eligible for a Normal Retirement Benefit who retires on or after March 1, 1997, shall receive a monthly Basic Benefit equal to the amount that is assigned to the Benefit Class Code, established in Appendix A that is applicable to him as provided in Appendix B to this Plan for each year of Credited Service that he had at the date of his Retirement.<br><br> For an Employee who retires on or after March 1, 1997 but before October 1, 1997, Benefit Class Code B shall be applicable for benefits payable October 1, 1997 and thereafter. C. An Employee who remains in active employment with the Company or a member of the Controlled Group of Companies or an affiliated company on a part-time or temporary basis after his Normal Retirement Date shall be eligible for a Normal Retirement Benefit as provided in this Section.<br><br> An Employee who remains in active employment with the Company or a member of the Controlled Group of Companies or an affiliated company after his Normal Retirement Date on a regular full- time basis and receives pay for 40 or more hours of service (as referred to in Department of Labor Regulations 2530.200b-2(a)(1) and (a)(2)) for any calendar month shall be notified that he is not eligible for a Normal Retirement Benefit for such month or any similar future month. Such notification shall be made by personal delivery or first class mail in accordance with Department of Labor Regulations 2530.203-3(b)(4) during the first calendar month beginning on the Employee 9s Normal Retirement Date and shall contain the items of information called for by such regulations. Section 2.<br><br> Regular Early Retirement A. (1) An Employee with at least 10 years but less than 30 years of Credited Service who as of October 1, 2003, has attained age 57, but not age 65, may retire at his option and be eligible to receive an Early Retirement Benefit as provided in this Section. (2) An Employee with at least 30 years of Credited Service who has not attained age 65, may retire at his option and be eligible to receive an Early Retirement Benefit as provided in this Section.<br><br> (3) Effective October 1, 2003, an employee with less than 30 years of Credited Service, whose sum of age (in full and partial years) and Credited Service (in full and partial years) amounts to 85 or more, may retire at his option, and be eligible to receive an Early Retirement Benefit as provided in this Section. (4) Effective October 1, 2003, an Employee with at least 10, but less than 30, years of Credited Service, who has attained the age of 60 but not age 65, may retire at his option and be eligible to receive an Early Retirement Benefit as provided in this Section. B.<br><br> An Employee who retires at his option on or after March 1, 1997, and who is eligible for a Regular Early Retirement Benefit shall receive an immediate Basic Benefit commencing at his Regular Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 14 Early Retirement Date in the amount determined by multiplying his Basic Benefit rate and Credited Service at his Regular Early Retirement: (1) without reduction for Regular Early Retirement if benefit commences after the Employee attains age 62; (2) reduced by 1/2 of 1% for each full month by which such Employee is less than age 62 at the time his benefit commences, if he is eligible for Regular Early Retirement only under the provision of Section 2A(1) and not under Section 2A(2), 2A(3) or 2A(4) above; (3) for Retirement prior to October 1, 1997, without reduction for Regular Early Retirement if such Employee has 30 or more years of Credited Service at Regular Early Retirement and if he is eligible for Regular Early Retirement under Section 2A(2) above; (4) for Retirement on or after October 1, 1997, if such Employee has 30 or more years of Credited Service at Regular Early Retirement, or for Retirement on or after October 1, 2003, if such Employee has at least 10, but not 30, years of Credited Service and has attained the age of 60 but not 65 at Regular Early Retirement, or for Retirement on or after October 1, 2003, if such employee has not earned 30 years of Credited Service but whose sum of age (in full and partial years) and Credited Service (in full and partial years) amounts to 85 or more at Regular Early Retirement, multiplied by a percentage as set forth in the following table: Age When Pension Commences Percentage * 47 30.4 48 32.8 49 35.4 50 38.3 51 41.5 52 45.0 53 48.9 54 53.2 55 57.9 56 63.5 57 70.0 58 76.0 59 82.0 60 88.0 61 94.0 62 and over 100.0 *pro-rated for intermediate ages computed to the nearer whole month Provided, however, that if he retired (a) with 30 or more years of Credited Service effective October 1, 1997 or thereafter, or (b) with 85 or more points effective October 1, 2003 or thereafter, the Basic Benefit otherwise payable to him after age 62 and one month shall be re- computed without any reduction for his pension commencing before he attained age 62 and one month. Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 15 Section 3. Special Early Retirement Prior to October 1, 2003, an Employee with at least 10 years of Credited Service who has attaine age 57, but not age 62, may be able to retire Special Early and be eligible to receive a Special Early Retirement Benefit as provided in this Section.<br><br> Effective October 1, 2003, an Employee A. d with at least 10 years of Credited Service who has attained age 55, but not 65, may be able to retire Special Early and be eligible to receive a Special Early Retirement as provided in this Section. In the event of a plant closing or discontinuance of operations on or after October 1, 2003, an employee with 10 or more years of Credited Service who is laid off at age 50 or older (but not 65 or older), whose layoff appears to be permanent, and who has not been offered suitable work by the Company in the same labor market area, will be eligible upon attaining age 55 for a Special Early Retirement.<br><br> In the event of a plant closing on or after October 1, 2003, an employee with 10 or more years of Credited Service, who is laid off at age 50 or older (but not 65 or older) and where no other DaimlerChrysler plant exists within the same labor market, will be eligible for a Special Early Retirement. An Employee who retires on or after March 1, 1997 Special Early, as set forth in the Standards applicable to such retirement in an attached Letter Agreement and who is eligible for a Special Early Retirem B. ent Benefit, shall receive a monthly Basic Benefit computed in accordance with Article III, Section 1B above, based on his years of Credited Service at the time of Special Early Retirement.<br><br> A. aching the age of 65 and who had seniority at the commencement of his Permanent and Total Disability, shall be eligible for a Disability Retirement n orces of the United States and is compensable as uch by a Federal Disability allowance provided such injury or disease occurred within the 5 years B. 97 shall receive a monthly Basic Benefit computed in accordance with Article III, Section 1.B above, but based on the number of years of Credited Service at the time of Disability Retirement.<br><br> A. d Section 4. Disability Retirement An Employee with at least 10 years of Credited Service who is Permanently and Totally Disabled, as defined in this Section, prior to re Benefit as provided in this Section.<br><br> An Employee shall be considered cPermanently and Totally Disabled d if his incapacity results i his being unable to engage in any regular employment or occupation by reason of any medically demonstrable physical or mental condition (excluding incapacity which results from injury or disease incurred while serving in the Armed F s immediately preceding his Retirement Date). An Employee eligible for a Disability Retirement Benefit, who has applied therefor and who retires on or after March 1, 19 Section 5. Deferred Vested Benefits An Employee with (1) at least 5 years of Credited Service or, (2) if less than 5 years of Credite Service, 5 or more years of Vesting Service, (3) who attains age 65 with less than 5 years of Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 16 Credited Service, or (4) has attained the latter of age 65 or the fifth anniversary in which the Employee commenced participation in the Plan, and whose employment with the Company is terminated shall, if he is ineligible for any other benefit under the Plan, be eligible for a Deferred Vested Ben efit, upon proper application therefor, payable when or after he attains age 65 in an amount provided in this Section, provided that he must also satisfy the additional requirements An Employee who otherwise satisfies the requirements of this Section shall become eligible for a Ded V (1) determination of his Credited Service and/or Vesting Service, as of such date of termination of employment, and of his entitlement to (2) 70 for termination prior to January 1, 1976, provided, however, that, effective March 1, 1997, this age restriction shall no longer be B.<br><br> y benefit for his years of Credited Service multiplied by the Normal Retirement Basic Benefit rate in effect as of following: ferreested Benefit only upon making the following applications to the Board: such Employee if terminated prior to January 1, 1976, shall, within 60 days following termination of his employment with the Company, file in writing with the Board on a form prescribed by the Board, a request for a Deferred Vested Benefit hereunder; and such Employee shall make application for his Deferred Vested Benefits in accordance with rules established by the Board, not earlier than 60 days prior to his attainment of age 65, nor later than the attainment of age applicable for benefits payable thereafter. An Employee whose employment with the Company is terminated on or after February 1, 1971, and who is eligible to receive a Deferred Vested Benefit shall be entitled to a monthl his date of termination, or the date his Credited Service ceased to accrue, if earlier. An Employee who loses seniority under the labor agreement on or after January 1, 1976, and to October 1, 2003, with eligibility for a Deferred Vested Benefit, upon proper application therefor shall have his Deferred Vested Benefit payable when or a C.<br><br> prior , fter he attains age 57 in an amount provided as in Section B above, except benefits that commence prior to the attainment of age 65 shall be reduced in accorda nce with the following table: Age That Benefit Commences Pere centag 65 or later 00.0 64 89.6 63 80.6 62 72.7 61 65.7 60 59.6 59 54.1 1 * months that the date of benefit commencement precedes the 58 49.3 57 45.0 Prorated for intermediate ages by the number of calendar first of the month following the next anniversary of his birth. D. A deferred pension for an Employee who loses seniority under the labor agreement on or after 1, 2003, with eligibility for a Deferred Vested Benefit, shall be either a monthly pension effective the first day of the month after he attains age 65 commencing not earlier than 90 days prior to the date on which such Ex-Employee elects to have his October (a) Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 17 deferred pension commence, in the full amount for which he is eligible under this Article III, or a monthly pension commencing as of the first day of the month after he attains age 60 or files his application for such pension, whichever is later, in an amount equal to the monthly pension provided in (a) ab (b) ove reduced by a percentage equal to five-ninths of one percent multiplied by the number of months by which he is less than 65 years of age at the date such pension commences, or he has attained age 55 but not 60, a monthly pension commencing as of the first day of the month after he lost his seniority and after his combined full and partial years of age and full and partial years of Credited Service (to the nearest 1/12 in each case) total 85 or more, or after he files his a (c) pplication for such pension, whichever is later, in an amount equal to the monthly pensioltipentage as set forth in n provided for in (a) above, mulied by a perc le: Age That Benefit Commences 55 42.5 56 46.4 57 50.6 58 55.4 the following tab Percentage* 59 60.7 60 66.7 * Prorated for intermediate ages computed to the nearest whole month fits A.<br><br> Temporary Benefit equal to the monthly amount that is applicable to him as provided in Appendix C to the Plan for day of ar year ry Benefit which he would otherwise be entitled to receive until the full amount of such penalty is satisfied, it o certify after a Retired Employee incurred a Section 6. Supplemental or Temporary Bene Early Retirement Temporary Benefit An Employee who retires on or after March 1, 1997 and prior to October 1, 1997 with 30 or more years of Credited Service and who is eligible for a Regular Early Retirement Benefit under Section 2A(2) of this Article III shall be eligible to receive a monthly Early Retirement each year of Credited Service that he had at the date of his Early Retirement. The Early Retirement Temporary Benefit to which an Employee is entitled shall commence on his Early Retirement Date and shall be payable monthly thereafter until and including the first the month in which he dies, or his pension ceases for any other reason, or he is re-employed by the Company, or he becomes eligible for unreduced Federal Social Security Benefits for age or disability, or he attains age 62 and one month whichever occurs first; provided, however, that if an Employee who is entitled to receive an Early Retirement Temporary Benefit commencing on or after February 1, 1974, has earnings (defined for this purpose as the type counted for the earnings test under the Federal Social Security Act), after retirement in excess of, $15,000 in calend 1993 and $15,500 in calendar year 1994 and thereafter before he attains age 62 (age 62 and one month), a penalty equal to double the amount by which such earnings exceed the amount permitted shall be charged against each succeeding monthly Early Retirement Tempora being understood that penalties and charges herein shall be cumulative if appropriate.<br><br> A Retired Employee receiving an Early Retirement Temporary Benefit may be required t whether his earnings have been in excess of the permitted amount and to furnish verification of the amount of his earnings. Unless repaid by the Retired Employee in a lump sum, any overpayments of an Early Retirement Temporary Benefit made Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 18 penalty because of excess earnings in accordance with the preceding paragraph shall be deducted The earnings limitation under this Section 6(A) shall not be applicable for earnings in calendar . and e is monthly pension under this Plan will equal the amount of total monthly benefit applicable as provided in Appendix D to this Plan; subject to the provisions of Sections B(1), (2) an (1) all Early Retirement Temporary Benefit pursuant to Appendix C to which he would have (2) not rovided under Section 8 of this Article III shall be calculated on the basis of the monthly pension he would have (3) be e- plement when such re-employment with the Company shall cease), or his pension ceases for any other reason, or he attains age 62 (4) orked for the Company, multiplied by 40, excluding overtime additions to straight-time pay, shift differentials, payment-in-lieu of vacations, from future monthly benefits payable to him under this Plan.<br><br> year 1997 and thereafter. BEarly Retirement Supplement. An Employee who retires on or after October 1, 1997 with 30 or more years of Credited Service who is eligible for a Regular Early Retirement Benefit under Section 2A(2) of this Article III shall b entitled to a monthly Early Retirement Supplement until age 62 and one month in an amount which when added to h , (3),d (4) below: The Early Retirement Supplement under this Section B for an Employee retiring under Regular Early Retirement shall be calculated assuming that his Basic Benefit commences immediately after Retirement, and such Early Retirement Supplement sh be reduced for any month prior to age 62 and one month for which he receives or is entitled to receive Social Security Benefits, by an amount equal to the amount of the been entitled if he had retired and been eligible under Section 6A of this Article III.<br><br> The Early Retirement Supplement under this Section B for an Employee who does prevent the automatic election of the Survivor Benefit p received if he had prevented such automatic election. Any Early Retirement Supplement to which an Employee is entitled shall commence on the first day of the month following the date on which the Employee retires and shall payable monthly thereafter until the first day of the month in which he dies, or he is r employed by the Company (except that he shall retain any right he might otherwise have to receive an Early Retirement Sup and one month, whichever occurs first. If the total of the Employees monthly pension under this Plan and his monthly Early Retirement Supplement receivable up to age 62 and one month as computed above would exceed 70% of his final base pay, his monthly supplement (but not his monthly pension) shall be reduced to the extent required so that such monthly pension plus his supplement will equal 70% of his final base pay.<br><br> For this purpose, and Employee 9s final base pay shall mean 4-1/3 times his base hourly rate plus cost-of-living allowances in effect on the Employee 9s last day w or any other extra compensation. The Early Retirement Suppleme (5) nt under this Section 6(B) for an Employee retiring under Regular Early Retirement shall only be payable to an Employee who retires within 5 years of his last day worked. C.<br><br> Special Early Retirement Supplementary Benefit Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 19 An Employee who retired under the Special Early Retirement provisions of the Plan on or after March 1, 1997, shall be eligible to receive a monthly Special Early Retirement Supplementary Benefit equal to the monthly amount that is applicable to him as provided in Appendix E to the til Plan for each year of Credited Service that he had at the date of his Retirement. The Special Early Retirement Supplementary Benefit shall be paid during such Retired Employee 9s lifetime until he is re-employed by the Company or his pension ceases for any other reason or un he reaches age 65 (age 62 and one month for Retired Employee 9s who retired on or after December 31, 2003), or until he becomes eligible for unreduced Federal Social Security Benefits for age or disability, whichever occurs earlier. The Special Early Retirement Supplementary Benefit shall b reduced by the amount of any Social Security Benefit received by such Retired Employee after he reaches age 62 and one month provided such Employee retired prior to January 1, 1976; for an Employee who retired on or after January 1, 1976, such reduction shall be limited to the amount of Social Security Benefit that could have been received as of December 31, 1975, except for lack of e sufficient age or disability, and effective on or after December 31, 2003 for Retired Employees who have been approved on or after December 31, 2003 for Social Security Benefits, the Special Early Retirement Supplementary Benefit shall be reduced by the amount of Early Retirement Temporary Benefit pursuant to Appendix C to which the he would have been entitled if he had been eligible and retired under Section 6(A) of this Article III without regard to the amount of Social Security Benefit that could have been received as of December 31, 1975..<br><br> D. plementary Benefit equal to the monthly amount that is applicable to him as provided in Appendix F to the Plan for each year , or, if disability; provided that the Disability Retirement Supplementary Benefit shall only be payable yee is also eligible for a Disability Retirement Benefit under the Plan. E.<br><br> Disability Retirement Supplementary Benefit An Employee who retires under the Disability Retirement provisions of the Plan on or after March 1, 1997, shall be eligible to receive a monthly Disability Retirement Sup of Credited Service that he had at the date of his Disability Retirement. The Disability Retirement Supplementary Benefit shall be paid during such Retired Employee 9s lifetime until he is re-employed by the Company or his pension ceases for any other reason later, until he reaches age 62 plus one month (65 for retirement prior to March 1, 1985), or, if earlier, until he becomes eligible for unreduced Federal Social Security Benefits for age or while the Retired Emplo Special Age 65 Benefit A Retired Employee (including for purposes of this Article III, Section 6E an Ex-Employee whose Deferred Vested Benefit commenced prior to February 1, 1971), his spouse (if the Retired Employee retired prior to September 4, 1990) or his surviving spouse who is receiving a Surviving Spouse Benefit under Article III, Section 8 below, any of whom is (2) under age 65 and enrolled in the voluntary cMedicare d coverage that is available under shall be eligible to receive a monthly Special Age 65 Benefit in accordance with the following table (a) will be limited to $28.00 per month. Such an individual will be entitled to the schedule of (1) age 65 or older, or the Federal Social Security Act by making contributions provided, however, that: The Special Age 65 Benefit payable to an individual age 65 or older who was not enrolled in Medicare Part B as of October 1, 1990 but who was receiving a Special Age 65 Benefit Jeep Corporation 3 UAW December, 2003 Retirement Income Plan 20 payments in the table below upon submission of proof of enrollment in Medicare P Thereafter continued receipt of the Special Ag art B.<br><br> e 65 benefit shall be contingent on maintenance of Medicare Part B enrollment. (b) Part ober 1, 1990, is contingent upon enrollment or continued enrollment in Medicare Part B. Monthly Special Age 65 Benefits Payment of any Special Age 65 benefit to an individual who was enrolled in Medicare B as of October 1, 1990 or who first becomes eligible for Medicare Part B on or after Oct Payable Benefit Amount* 1/1/04 and after $76.20 (1) 5 Benefit shall not exceed the generally applicable Medicare Part (2) the Special Age 65 benefit of an eligible spouse shall be $19.60 per month.<br><br> e er age 65 for any month such individual is not enrolled for such voluntary cMedicare d coverage. *Provided, however, that the Special Age 6 B premium and In no event, however, shall such payment commence prior to the first day of the month following the earlier of (i) the month during which age 65 is attained or (ii) receipt by the Board of evidence as required by the Board that an individual under age

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