Canada-Wide Industrial Pension Plan PLAN DOCUMENT

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1 Canada-Wide Industrial Pension Plan PLAN DOCUMENT for employing units under contract with unions affiliated with the Canadian Labour Congress. Restated as of January 1, 2012

2 CONTENTS ARTICLE PAGE ARTICLE I - NAME OF PLAN AND PURPOSE... 1 ARTICLE II - DEFINITIONS... 2 ARTICLE III - SERVICE UNITS AND BREAKS IN SERVICE... 4 ARTICLE IV - BENEFIT LEVEL... 8 ARTICLE V - ELIGIBILITY FOR AN AMOUNT OF PENSION ARTICLE VI - PAYMENT OF PENSIONS ARTICLE VII - PRE-RETIREMENT DEATH BENEFITS ARTICLE VIII - TERMINATION OF PARTICIPATION IN THE PLAN ARTICLE IX - ADMINISTRATION OF THE PLAN ARTICLE X - FUNDING OF THE PLAN ARTICLE XI - AMENDMENT AND TERMINATION OF THE PLAN ARTICLE XII - COMPLIANCE WITH QUEBEC PENSION LEGISLATION Restated as of January 1, 2012

3 PAGE 1 CANADA-WIDE INDUSTRIAL PENSION PLAN For Employing Units Under Contract With CLC Affiliated Unions ARTICLE I - NAME OF PLAN AND PURPOSE This CANADA-WIDE INDUSTRIAL PENSION PLAN has been established to implement the CANADA-WIDE INDUSTRIAL PENSION TRUST AGREEMENT and to provide benefits in accordance with the terms of the Plan to persons covered by the Plan pursuant to a Participation Agreement between a Participating Employer and a Union.

4 PAGE 2 ARTICLE II - DEFINITIONS 2.01 Actuary - A Fellow of the Canadian Institute of Actuaries or a firm employing one or more such persons selected by the Board Administrative Agency - An insurance company or other qualified organization or agency selected by the Board with which the Board has entered into a contract or agreement to perform specified administrative functions in the operation of the Plan and Trust Fund Applicable Legislation - The Pension Benefits Act, 1987 (Ontario) and Regulations thereunder, any Act of any provincial government or of the federal government of Canada respecting pension plans that is applicable to a Participant and any Regulations thereunder and the Income Tax Act (Canada) and Regulations thereunder Board - The Board of Trustees provided for under the Trust Agreement Contribution Commencement Date - The date specified in each Participation Agreement for which contributions to the Trust Fund are to start at the rate specified in such Participation Agreement Funding Agency - An insurance or trust company selected by the Board with which the Board has entered into a contract or agreement to hold and invest any portion of the assets of the Trust Fund and to pay benefits and expenses under the Plan Local Pension Committee - A committee consisting of an equal number of representatives from each of the parties to a Pension Agreement designated to discharge such responsibilities as may be delegated to such committee by the Board Normal Retirement Date - The first day of the month coincident with or next following a Participant's 65th birthday Participant - An employee, former employee or retired employee of a Participating Employer who is credited with service or is receiving benefits under the Plan Participating Employer - An Eligible Employer, as defined in the Trust Agreement, which has executed a Participation Agreement with a Union, with the approval of the Board, and is making contributions to the Trust Fund, or is obligated to make contributions to the Trust Fund; or, under the conditions specified in the Trust Agreement, a Union Participation Agreement - An agreement, and all supplements thereto, between a Participating

5 PAGE 3 Employer and a Union, in such form as the Board may prescribe, to effect adherence to the Trust Agreement with the approval of the Board and to provide coverage of employees of such Participating Employer under the Plan. A Participation Agreement also includes any supplement prepared by the Board establishing or adjusting the combination of the Benefit Level and contribution rates or any other provision of the Plan applicable to the participating group Pension Agreement - A collective bargaining agreement between an employer and a Union under which such employer agrees to make contributions to the Trust Fund, including any extension, renewal or replacement thereof Pension Date - The date for which the first payment of a Participant's pension becomes payable in accordance with the plan Plan - The Canada-Wide Industrial Pension Plan as herein set forth and as hereafter amended Spouse - A person of the same or opposite gender as a Participant who: (a) (c) is married to the Participant and not living separate and apart; or although not married to the Participant is living with the Participant in a conjugal relationship, (i) (ii) which has been continuous for a period of at least three years, or which is of some permanence, if they are the natural or adoptive parents of a Child, both as defined in the Family Law Act, 1986 (Ontario); or is considered to be the spouse of a Participant for purposes of any provision of the Plan pursuant to Applicable Legislation; provided that not more than one person shall be a Spouse of any Participant hereunder and, in the event of more than one person having claim to be such, the determination of the Board as to which person shall be the Spouse, on the basis of evidence available to them which they consider sufficient for the purposes of the determination, shall be final Trust Agreement - The Agreement and Declaration of Trust dated as of September 9, 1970 establishing the Canada-Wide Industrial Pension Trust Fund Trust Fund - The Canada-Wide Industrial Pension Trust Fund Union - An international, national or local union affiliated with the Canadian Labour Congress or a local union, lodge or similar unit chartered by and affiliated with any such international or national union.

6 PAGE 4 ARTICLE III - SERVICE UNITS AND BREAKS IN SERVICE 3.01 Past Service (a) A Participant shall be credited with one Service Unit for each full calendar year after the date set forth for such Participant in the Participation Agreement and prior to the Contribution Commencement Date. Additional credit for any fraction of a calendar year during such period shall be allowed to the nearest one-thousandth of a Service Unit. Instead of the above, a Participation Agreement may specify the number of Service Units and thousandths thereof to be credited to each Participant for service before the Contribution Commencement Date Future Service (a) (c) (d) A Participant shall be credited with Service Units by reason of contributions made with respect to him under a Participation Agreement. The Service Units credited under this paragraph during each calendar year shall be determined to the nearest one-thousandth of a Service Unit by (i) dividing by 1800 the hours during such year with respect to which contributions were made on a cents-per-hour basis, and (ii) dividing by 45 the weeks during such year with respect to which contributions were made on a dollars-per-week basis. The Board, at its discretion, may permit contributions to be made on a basis other than cents-per-hour or dollars-per-week, and in such case, the applicable Service Units shall be credited on an equitable basis as determined by the Board. No Service Units shall be credited to a Participant for any month for which a pension is paid to him. Where a Participant's employment by a Participating Employer is interrupted as the result of an injury which occurred on or after January 1, 1992 and with respect to which the Participant is entitled to compensation under the Ontario Workplace Safety and Insurance Act, 1997, and where contributions by Participants are not required under the terms of the relevant Participation Agreement at the start of such interruption of employment, contributions by the Participating Employer shall be deemed to be made for purposes of paragraph 3.02(a) during the first 12 months of such interruption of employment in the amount that would have applied if the Participant's employment had not been so interrupted, regardless of whether the Participating Employer actually makes contributions on behalf of the Participant during such period under the terms of the relevant Pension Agreement. Where contributions by Participants are required under the terms of the relevant Participation Agreement at the start of such interruption of employment, the Participant may elect to continue making contributions to the Plan during the first 12 months of such interruption of employment in the amount that would have applied if the Participant's employment had not been so interrupted, and for those Participants who so contribute, contributions by the Participating Employer shall be deemed to be made for

7 PAGE 5 purposes of paragraph 3.02(a) over the same period, regardless of whether the Participating Employer actually makes contributions on behalf of the Participant during such period under the terms of the relevant Pension Agreement. (e) This section applies where a Participant's employment by a Participating Employer is interrupted by an event for which continuation of pension coverage is required under employment standards legislation applicable to the Participant or under the relevant Pension Agreement. Such event may include pregnancy, parental, or family medical leave, as the case may be under such employment standards legislation or Pension Agreement. Where contributions by Participants are not required under the terms of the relevant Participation Agreement at the start of such interruption of employment, Service Units shall be credited and Employer contributions shall be made in accordance with the applicable employment standards legislation or the Pension Agreement. Where contributions by Participants are required under the terms of the relevant Participation Agreement at the start of such interruption of employment, the Participant may elect to continue making contributions to the Plan during such interruption of employment up to the limit specified under employment standards legislation or the Pension Agreement, in the amount that would have applied if the Participant's employment had not been so interrupted, and for those Participants who so contribute, Service Units shall be credited and Employer contributions shall be made in accordance with the applicable employment standards legislation or the Pension Agreement.

8 PAGE Break In Service (a) A Participant shall be deemed to have incurred a break in service if he fails, during each calendar year in any period of three consecutive years, which does not include a year in which he receives a disability pension, to be credited with at least one-tenth of a Service Unit. (c) (d) (e) If such a break in service occurs, such Participant shall have a vested right to an age pension based on the Service Units credited to him since his last previous break in service, if any, provided he meets one of the following conditions: (1) he was credited with two or more Service Units since his last previous break in service, if any; or (2) he had, at the last day of the period for which contributions were last reported for him, been in the service of one or more Participating Employers for a continuous period of two years since the Contribution Commencement Date; or (3) he had, at the last day of the period for which contributions were last reported for him, been in the service of one or more Participating Employers for a continuous period of 10 years or had then been a Participant in the Plan for a continuous period of 10 years; provided that if such Participant does not meet condition (3) above and has not been credited with 10 or more Service Units since his last previous break in service, if any, such Participant shall have a vested right to the portion of his age pension accrued under any Participation Agreement as of December 31, 1986 only if the Board determines that such vested rights may be granted under the Participation Agreement without contravening the funding provisions of the Plan, pursuant to paragraph 10.04, with respect to such Participation Agreement. If such Participant does not then meet any of the conditions of paragraph 3.03 above, the Service Units credited to him shall be cancelled as of the last day of such three-year period, and he shall cease to be a Participant under the Plan. However, if the Participant submits evidence, satisfactory to the Board, that during any calendar year he was serving in the Armed Forces of Canada or was receiving disability benefits under the Canada Pension Plan or Quebec Pension Plan, or was receiving payments under the workplace compensation legislation of any province, or under a Sickness and Accident insurance policy payable by any insurance company or if he can otherwise prove total and permanent disability during such calendar year, then a break in service shall only be incurred with respect to a period of three consecutive calendar years which does not include any such year. The required evidence must be submitted no later than 12 months after the end of such calendar year. A Participant who:

9 PAGE 7 (1) has ceased to be employed by any Participating Employer; or (2) has ceased to be in a category of employment for which contributions are payable to the Trust Fund pursuant to a Pension Agreement may elect to apply for benefits under the Plan prior to incurring a break in service pursuant to paragraph 3.03(a) and, upon making such application, shall be deemed to have incurred a break in service Transfer Rights (a) A Participant who has incurred a break in service and who has a vested right to an age pension pursuant to paragraph 3.03 may, unless he is eligible to receive an immediate age pension pursuant to Article V, elect to transfer the commuted value of such pension: (1) to the registered pension plan of the Participant's new employer, if the terms of such plan provide for receipt of such amounts; or (2) to a registered retirement savings plan of the Participant and designated by the Participant, provided such plan includes any locking-in restrictions or other provisions required by Applicable Legislation; or (3) to an insurance company for the purchase of a life annuity that will commence not more than 10 years earlier than the Participant's Normal Retirement Date subject to compliance with Applicable Legislation, and upon making such election the Service Units credited to him shall be cancelled and he shall cease to be a Participant under the Plan. The commuted value referred to in paragraph 3.04(a) shall be determined on a basis adopted by the Board, subject to compliance with Applicable Legislation Freezing of Accruals A Participating Employer and Union may enter into a supplement to the Participation Agreement between them providing for specified periods for which Service Units will not be credited and contributions not required. The length of such periods must be specified and is subject to the approval of the Board. Any such periods shall not be considered a Break In Service under Article 3.03.

10 PAGE 8 ARTICLE IV - BENEFIT LEVEL 4.01 Definition of Benefit Level Benefit Level means the normal monthly pension per Service Unit. The Benefit Level or Levels applicable at any time to a Participant's Service Units credited to him under a Participation Agreement shall, subject to paragraph 10.04, be as set forth in that Participation Agreement, which covered such Participant Separate Determinations If a Participant was credited with Service Units under more than one Participation Agreement, his pension arising with respect to the Service Units credited under each such Participation Agreement shall be determined separately, using the Benefit Levels determined as described in paragraph Establishment of Benefit Level (a) The Benefit Level for Service Units credited under a Participation Agreement shall be determined in accordance with actuarial methods and assumptions adopted by the Board, based on factors such as the age, sex and Service Units of the Participants covered by such Participation Agreement, the Contribution Commencement Date, the rate at which contributions are to be made by the Participating Employer, and the amount, if any, transferred to the Trust Fund from any prior pension plan of such Participating Employer or paid as a special contribution pursuant to such Participation Agreement. Each such Benefit Level determination shall be consistent with the funding provision of the Plan, pursuant to paragraph (c) Notwithstanding the preceding paragraph 4.03(a), a Participating Employer and a Union may, as of the applicable Contribution Commencement Date with the approval of the Board, enter into an agreement providing that the Benefit Level applicable to Service Units credited under the Participation Agreement between them with respect to Participants' service prior to the Contribution Commencement Date be lower than the Benefit Level applicable to Service Units credited with respect to Participants' service on and after the Contribution Commencement Date. In such case the Benefit Levels applicable to Service Units credited with respect to service prior to and after the Contribution Commencement Date shall be determined in a manner consistent with paragraph 4.03(a). Assets may, with the approval of the Board and subject to Applicable Legislation and to notification of the Canada Revenue Agency, be transferred to the Trust Fund from a prior pension plan of a Participating Employer.

11 PAGE Supplemental Participation Agreements (a) The Benefit Level for Service Units credited under a Participation Agreement shall be determined in accordance with actuarial methods and assumptions adopted by the Board, based on factors such as the age, sex and Service Units credited under that Participation Agreement if contributions have been made thereunder with respect to him after the Contribution Commencement Date of that supplement. A supplement to a Participation Agreement may also specify that the total Benefit Level shall apply to Service Units, credited under that Participation Agreement, of any other classes of Participants designated in such supplement. Any change in a Participant's Benefit Level resulting from a supplement to a Participation Agreement shall apply to pension payments which become due on and after the Contribution Commencement Date of that supplement. Each such adjustment of Benefit Level shall be consistent with the funding provision of the Plan, pursuant to paragraph Notwithstanding the preceding paragraph 4.03(a), a Participating Employer and a Union may, as of the applicable Contribution Commencement Date with the approval of the Board, enter into an agreement providing that the Benefit Level applicable to Service Units credited under the Participation Agreement between them with respect to Participants' service prior to the Contribution Commencement Date be lower than the Benefit Level applicable to Service Units credited with respect to Participants' service on and after the Contribution Commencement Date. In such case the Benefit Levels applicable to Service Units credited with respect to service prior to and after the Contribution Commencement date shall be determined in a manner consistent with paragraph 4.03(a).

12 PAGE 10 ARTICLE V - ELIGIBILITY FOR AN AMOUNT OF PENSION 5.01 Age Pension (a) A Participant who: (1) is not receiving a disability pension, and (2) either (i) is within the period of 10 years preceding his Normal Retirement Date, is not employed by a Participating Employer and has a vested right to an age pension, or (ii) has reached his Normal Retirement Date shall be eligible for an age pension to begin as of his "Pension Date" determined in accordance with paragraph (c) (d) The monthly amount of age pension payable to a Participant whose Pension Date is on or after his Normal Retirement Date shall be equal to: (1) the number of Service Units credited to him and not cancelled; multiplied by (2) the applicable Benefit Level or Levels, or such lower amount as may be required for compliance with Applicable Legislation. Subject to paragraph 5.01(d), the monthly amount of age pension payable to a Participant whose Pension Date is prior to his Normal Retirement Date shall be the amount determined in accordance with paragraph 5.01 reduced by one-half of 1% for each month by which his Pension Date precedes his Normal Retirement Date. Notwithstanding paragraph 5.01(c) hereof, a Participating Employer and a Union may enter into a supplement to the Participation Agreement between them providing that the amount of Age Pension payable pursuant to such Participation Agreement to a Participant whose Pension Date precedes the 65th anniversary of his date of birth and who: (i) (ii) has been credited with at least 20 Service Units which have not been cancelled; and has been credited with at least one Service Unit since his last break in service, if any shall be equal to the amount determined in accordance with paragraph 5.01 reduced by onehalf of 1% for each month, if any, by which his Pension Date precedes the first day of the calendar month coinciding with or otherwise next following his 60th birthday. (e) A Participating Employer and a Union that have entered into a supplement to the Participation Agreement between them pursuant to paragraph 5.01(d) hereof may, with the approval of the Board, enter into a further supplement to such Participation Agreement providing that the Age Pension payable pursuant to this Article 5.01 to a Participant subject to such supplement who has been credited with at least 20 Service Units which have not been cancelled and who has

13 PAGE 11 been credited with at least 1 Service Unit since his last break in service shall, prior to the Participant's reaching his Normal Retirement Date, be increased by an amount equal to: (1) the number of Service Units credited to him and not cancelled, multiplied by (2) a supplemental benefit level agreed upon by the Participating Employer and the Union and approved by the Board reduced by one-half of 1% for each full month, if any, by which his Pension Date precedes the first day of the calendar month coinciding with or otherwise next following his 60th birthday. (f) A Participating Employer and a Union which have entered into a supplement to the Participation Agreement between them pursuant to paragraph 5.01(d) and/or paragraph 5.01(e) may subsequently enter into a further agreement providing that the Age Pension provided under such Participation Agreement to Participants whose Pension Date is on or after the date of such further agreement shall be determined without regard to paragraph 5.01(d) and/or paragraph 5.01(e). A Participating Employer and Union which have entered into such further agreement may subsequently enter into an agreement providing for the resumption of the application of paragraph 5.01(d) and/or paragraph 5.01(e) to the determination of amounts of Age Pensions Disability Pension (a) A Participant who: (1) has qualified for disability benefits under the Canada Pension Plan or the Quebec Pension Plan, (2) has been credited with at least 10 Service Units which have not been cancelled, (3) has submitted written certification from a medical doctor, licensed to practice under the laws of a province of Canada, that the Participant is totally disabled from any employment for which he is suited by education, training or experience and that the disability can reasonably be expected to continue for the remainder of the Participant's lifetime, (4) has not incurred a Break In Service in accordance with Article 3.03, and (5) has not commenced an Age Pension under Article 5.01 shall be eligible for a Disability Pension to begin as of his "Pension Date" determined in accordance with paragraph 5.03; provided, however, that no Participant shall receive an Age Pension and a Disability Pension in the same month. (c) The monthly amount of a Participant's Disability Pension shall be equal to the amount determined in accordance with paragraph A Participant in receipt of a Disability Pension shall, on attaining his Normal Retirement

14 PAGE 12 Date, cease receipt of a Disability Pension and be eligible for an Age Pension equal to the amount determined in accordance with paragraph 5.01 to begin as of his Normal Retirement Date. (d) Where a Participation Agreement is terminated, a notice of disability application must be provided to the Administrative Agency prior to the date of termination in accordance with paragraph Establishment of Pension Date Upon approval by the Board of an application for pension submitted by a Participant on a form furnished by the Board, which application, in the case of application for a Disability Pension, shall be accompanied by proof satisfactory to the Board of qualification for disability benefits under the Canada Pension Plan or Quebec Pension Plan and the certification referred to in paragraph 5.02(a)(3), the Participant's Pension Date shall be established as the first day of the calendar month coinciding with or otherwise next following the last to occur of: (1) the date on which such Participant fulfilled the requirements for such pension, (2) the date specified in such Participant's application for pension, but not later than December 1 of the year in which the Participant's 71 st birthday occurred or such other date as may be prescribed by Applicable Legislation, (3) the Contribution Commencement Date of the applicable Participation Agreement, (4) the date such Participant's application for pension is submitted in accordance with rules established by the Board, or such other date as the Board approves in special circumstances, but, in any case, the Board shall accept retroactive applications properly submitted within 30 days after approval by the Board of the applicable Participation Agreement and the late submission of an application for pension may not delay the Pension Date beyond the date specified in paragraph 5.03 (2). (5) July 1, 1970.

15 PAGE 13 ARTICLE VI - PAYMENT OF PENSIONS 6.01 Regular Form of Payment The first monthly payment of a Participant's pension shall only become payable if he has made application therefore and shall commence as of his Pension Date, subsequent monthly payments being payable on the first day of each month thereafter throughout his remaining lifetime, terminating with the last monthly payment before his death; provided that continued payment shall be subject to all the terms and conditions of the Plan. However, the Board may defer any payments which would otherwise be payable before the first contribution is due from the Participating Employer under the applicable Participation Agreement Proof of Continued Disability The Board shall have the right to discontinue payment of a Disability Pension to a Participant, unless he furnishes proof that he is still entitled to disability benefits under the Canada Pension Plan or Quebec Pension Plan and such other proof of continued disability as the Board may require, provided that such proof shall not be required more often than once a year Optional Forms of Payment (a) A Participant eligible for an Age Pension may, in his application for such pension, elect an optional form of pension in lieu of the form set forth in paragraph The optional forms of pension which may be elected include the two forms set forth below and any other forms which may be made available by the Board and acceptable to the Minister of National Revenue for the purposes of an employees pension plan registered under the Income Tax Act. (1) Joint and Survivor Option: This optional form provides for a reduced pension to the Participant during his lifetime, and, if he dies on or after his Pension Date, an income equal to a specified portion of this reduced pension to be paid after his death to the joint annuitant named by the Participant in his election of this optional form during the remaining lifetime of such joint annuitant. (2) Level Benefit Adjustment Option: This optional form, which is subject to approval by the Board, provides for an increased pension payable prior to a specified date and a reduced pension payable thereafter, so that the adjusted pension, together with the payments under the Old Age Security Act (Canada) expected to become payable as of such specified date, will produce, as nearly as practicable, a level monthly income. This optional form of pension will not be provided to a Participant whose amount of monthly pension after age 65 is less than 3% of the YMPE in the year in which the Participant s pension commences. Except as provided in paragraph 6.03(c), the pension payable to any Participant who has a Spouse at the time such pension is due to commence shall be payable as though the Participant had elected the Joint and Survivor Option pursuant to paragraph 6.03(a)(1) with 60% (or such

16 PAGE 14 (c) (d) larger percentage as the Participant may elect or as is prescribed by Applicable Legislation) of the reduced pension continuing to the Spouse for as long as the Spouse lives after the death of the Participant. The conversion referred to in paragraph 6.03 shall not be made if the Board receives a written agreement jointly made by the Participant and the Spouse waiving such conversion, in a form acceptable under Applicable Legislation. Any optional form of pension shall be the actuarial equivalent, determined on a basis adopted from time to time by the Board and in compliance with Applicable Legislation, of the pension otherwise payable Post-Retirement Surviving Spouse's Benefit Option A Participating Employer and a Union may enter into a supplement to the Participation Agreement between them providing that where a Participant on becoming eligible to receive an Age Pension pursuant to Article 5.01 has a Spouse, on the death of the Participant such Spouse if surviving shall receive a monthly pension equal to six-tenths of the Age Pension payable to the Participant, commencing on the first day of the month next following the date of the Participant's death and terminating with the last monthly payment before the Spouse's death. Such a Participant may elect an optional form of payment pursuant to Article 6.03, provided that no such election shall provide that the Participant's surviving Spouse shall receive less than six-tenths of the pension payable for the remaining lifetime of the Participant.

17 PAGE 15 ARTICLE VII - PRE-RETIREMENT DEATH BENEFITS 7.01 Surviving Spouse's Pension (a) On the death of a Participant who: (1) was not in receipt of an Age Pension or Disability Pension hereunder, and (2) was eligible, on the date of his death, to receive an Age Pension pursuant to paragraph 5.01(a), and (3) had a Spouse on the date of his death such Participant shall be deemed to have applied for an Age Pension commencing on the first day of the month next following the date of his death and to have elected the Joint and Survivor Option pursuant to paragraph 6.03(a)(1), with six-tenths of his reduced pension to be paid after his death to his Spouse as joint annuitant for her remaining lifetime. Notwithstanding paragraph 7.01(a) hereof, a Participating Employer and a Union may enter into a supplement to the Participation Agreement between them, providing that on the death of a Participant who had been credited with Service Units under such Participation Agreement and who: (1) was not in receipt of an Age Pension or a Disability Pension hereunder, and (2) had previously acquired a vested right to an Age Pension, or was credited with 10 or more Service Units since his last previous break in service, if any, or had been in the service of one or more Participating Employers for a continuous period of ten years preceding his death, and (3) had a Spouse, on the date of his death such Spouse shall receive a monthly pension commencing on the first day of the month next following the date of the Participant's death, payable for the remaining lifetime of the Spouse, equal to (i) six-tenths of the number of Service Units credited to the Participant under such Participation Agreement and not cancelled, multiplied by (ii) the applicable Benefit Level. Such pension shall be in lieu of any benefits otherwise payable pursuant to paragraph 7.01(a) with respect to such Service Units.

18 PAGE Statutory Death Benefits (a) On the death of any Participant who: (1) was not in receipt of an Age Pension hereunder, and (2) either (i) had previously acquired a vested right to an Age Pension; or (ii) would on termination of employment as of the date of his death have had a vested right to an Age Pension pursuant to paragraph 3.03; a Death Benefit shall be payable equal to the commuted value of the Age Pension to which the Participant had a vested right, subject to compliance with Applicable Legislation, provided that this paragraph shall apply with respect to the portion of the Participant's Age Pension accrued under any Participation Agreement as of December 31, 1986 only if the Board determines that this paragraph may be applied to such portions of Age Pensions under the Participation Agreement without contravening the funding provisions of the Plan, pursuant to paragraph 10.04, with respect to such Participation Agreement. (c) (d) (e) The Death Benefit provided pursuant to paragraph 7.02(a) shall be paid: (1) to the Spouse if the Participant had a Spouse on the date of his death; or (2) to a beneficiary designated in writing by the Participant on a form prescribed by the Trustees if the Participant did not have a Spouse on the date of his death; or (3) to the estate of the Participant in the event that the Participant did not have a Spouse on the date of his death and had not designated a beneficiary under paragraph 7.02(2), or that such beneficiary was deceased. In the event that benefits are payable to a Spouse under paragraph 7.01, the surviving Spouse's pension provided thereunder shall be reduced by an amount, the commuted value of which is equal to the Death Benefit paid under paragraph 7.02(a), provided however that the Spouse may elect to receive the full amount of benefits otherwise provided under paragraph 7.01 in lieu of receiving any benefits pursuant to paragraph 7.02(a). A Death Benefit payable to a Spouse pursuant to paragraph 7.02(1) may, on election by the Spouse, be paid in the form of an immediate or deferred annuity, the commuted value of which is equal to the amount of benefit otherwise payable. The commuted values referred to in this paragraph 7.02 shall be determined on a basis adopted by the Board, subject to compliance with Applicable Legislation.

19 PAGE 17 ARTICLE VIII - TERMINATION OF PARTICIPATION AGREEMENT 8.01 Date of Termination A Participation Agreement shall terminate on the date, hereinafter referred to as the "termination date", which is the first to occur of the following: (1) the date specified in a notice to the Board from the Participating Employer and the Union concerned as the date of termination of the Participation Agreement; (2) the date which the Board determines to be the date of such termination, on account of failure of the Participating Employer to pay contributions or otherwise comply with the Provisions of the Plan; (3) the date which the Board determines to be the date of such termination, if the Board finds that such termination is in the best interests of the Plan Effect of Termination (a) Upon termination of any Participation Agreement, the Board shall redetermine the amount of pensions which may be provided thereafter under the Plan on account of Service Units credited under such Participation Agreement. In such redetermination, the Board will use the method as described in paragraph 8.03 following. The present value of pensions payable to the Participants of a terminated Participation Agreement, before the redetermination of the amount of pensions, will include any additional benefits required under Applicable Legislation as if the Plan had terminated on the termination date Distribution of Assets (a) The Board shall first determine the net amount of (1) minus (2), where: (1) is the sum of any amount transferred to the Trust Fund from any prior pension plan or paid as a special contribution plus 80% of the regular contributions made pursuant to the Participation Agreement, and (2) is the sum of the pension payments made prior to the termination date on account of Service Units credited under the Participation Agreement, or such higher net amount as the Board may determine to represent the portion of the assets of the Plan properly allocable to the Participants thereunder. The Board shall next determine the present value of all the pension otherwise payable on and after the termination date based on Service Units credited under the Participation Agreement, using the actuarial assumptions then being used under the Plan for the purpose of determining for new Participation Agreements the Benefit Level which can be provided by a given rate of contribution, or such other actuarial assumptions that the Board may deem to be appropriate in the circumstances and in accordance with Applicable Legislation. Alternatively, the Board may authorize the purchase of immediate and/or deferred annuities from a licensed life insurance

20 PAGE 18 company on behalf of some or all eligible Participants, in which event the present value of such pensions shall be based upon the premiums payable for such annuities. (c) (d) The Board shall then determine the extent to which such net amount will provide such pensions, by subtracting successively from such net amount the present value of such pensions, for each of the priority classes set forth below, starting with Class 1. If the balance remaining after such subtraction is less than the present value of 100% of such pensions, for the next priority class, the pensions, which may be provided thereafter for such priority class shall be the same percentage of the full pensions, as such balance is of such present value. If the net amount is greater than the total present value of full pensions for all priority classes, all such pensions shall be increased to the same percentage of full pensions as the net amount is to such total present value. Any change in pensions shall take effect three months after the date the Participants affected have been notified thereof by the Board. Priority Classes Class 1 - (i) all pensions of Participants whose Pension Date is prior to the termination date; and (ii) all pensions of Participants who, on the termination date, are age 45 or over and who either have at least 10 Service Units or who have been in the service of the Participating Employer for a continuous period of at least 10 years, and (iii) the pensions of Participants other than those in Class 1(i) and Class 1(ii) above who have been in the service of the Participating Employer for a continuous period of at least two years since the Contribution Commencement Date, other than the portion of such pensions accrued as of December 31, Class 2 - the pensions of Participants who, on the termination date, have at least 10 Service Units, other than any portion of such pensions included in Class 1 above.

21 PAGE 19 Class 3 - Class 4 - the pensions of Participants who have been in the service of the Participating Employer for a continuous period of at least two years since the contribution Commencement Date but who have less than 10 Service Units, other than any portion of such pensions included in Class 1 above. all other pensions Reinstatement of a Participation Agreement The Board may reinstate a Participation Agreement under such terms and conditions as it deems appropriate Asset Transfer Subsequent to the termination of a Participation Agreement, and subject to Applicable Legislation, the Board may approve the transfer of assets and liabilities attributable to the Participants of that Participation Agreement to a qualified plan, where such a transfer is deemed by the Board to be in the best interests of the Plan and subject to any conditions imposed by the Board. The transfer shall be made in accordance with the terms and conditions of the Participation Agreement, the Plan and the Trust Agreement Special Contributions on Termination In the event that benefits would be required to be reduced for any Participants, the parties to the Participation Agreement, with consent from the Board, may agree to the payment of special contributions by the Participating Employer to reduce or eliminate the reduction that would otherwise apply to the benefits of any Class, or subset thereof, of Participants.

22 PAGE 20 ARTICLE IX - ADMINISTRATION OF THE PLAN 9.01 Method of Administration The Board shall administer the Plan and may employ for that purpose an Administrative Agency as agent of the Board, and may delegate to the Administrative Agency such functions as it deems appropriate. The Board may at any time or times substitute a new Administrative Agency. The Board may also delegate to Local Pension Committees such functions as, in the judgement of the Board, may appropriately be performed by such Committees. The Board shall make such rules and prescribe such procedures for the administration of the Plan as it deems necessary and reasonable. The decisions of the Board in all matters pertaining to the administration of the Plan shall be final. The Board shall have the power to resolve all disputes and ambiguities relating to the interpretation of the Plan, and the application of the terms of the Plan to any circumstances Rights Granted By Plan No person shall have any right to a pension under the Plan except as such pension has accrued to him in accordance with the terms of the Plan, and then only to the extent of the sufficiency of the monies available which may be applied for his benefit in accordance with the Plan Assignment Claims of Creditors No benefit under the Plan shall be capable of being assigned, charged, alienated, anticipated, given as security or surrendered and no such benefit shall confer on any Participant, personal representative, dependant, or any other person, any right or interest in such benefit capable of being assigned, charged, alienated, anticipated, given as security or surrendered, except as may otherwise be provided under Applicable Legislation Information To Participants The Board shall furnish every Participant with a written explanation of the terms and conditions of the Plan and amendments thereto applicable to him, together with an explanation of his rights and duties with reference to the benefits available to him under the Plan and such other information as may be prescribed by Applicable Legislation Information To Be Furnished To Board The Board shall have the right to require, as a condition precedent to the payment of any benefit under the Plan, all information which it reasonably deems necessary, including records of employment, proofs of dates of birth and death, evidence of existence, etc., and no benefit dependent in any way upon such information shall be payable unless and until the information so required shall be furnished.

23 PAGE Commutation of Pensions The Board may make arrangements for the payment of pensions which would otherwise be paid monthly, in less frequent payments of larger amount or in a single sum where: (1) the amount of pension is deemed to be a small pension in accordance with Applicable Legislation; or (2) at the sole discretion of the Board, where the Participant has a materially reduced life expectancy, as certified by a qualified medical practitioner; provided, however, that no such arrangements may be made which would contravene Applicable Legislation Substitute Payee In the event that the Board determines that a person to whom a benefit payment is due under the Plan is physically or mentally unable to give a valid receipt for such payment, such payment or any part thereof may, unless claims shall have been made by a duly appointed guardian or committee of such person, be paid to any other person or institution then, in the judgement of the Board, contributing toward or providing for the care and maintenance of such person Fiscal Year The fiscal year of the Plan shall end on December 31 of each year Construction The Plan shall be construed in accordance with the laws of the Province of Ontario and of any provincial government and of the federal government of Canada respecting pension plans that are applicable to a Participant, and all the provisions of the Plan shall be administered according to such laws; all persons accepting or claiming benefits under the Plan shall be deemed to consent to the provisions of the Plan and such laws. Where any provision of the Plan is in conflict with the minimum requirements of Applicable Legislation, such minimum requirements shall prevail and shall be deemed to be part of the provisions of the Plan Payment of Expenses All reasonable expenses incurred in connection with the administration of the Plan shall be paid from the Trust Fund.

24 PAGE 22 ARTICLE X - FUNDING OF THE PLAN Contributions The Participation Agreement will stipulate the Employer contribution rate and the Participant contribution rate (if any). In no event shall the Participant contribution rate exceed the Employer contribution rate, and in no event shall a Participant be permitted to make additional voluntary contributions to the Plan Payment of Benefits All pensions under the Plan shall be payable through the Funding Agency or Agencies. All Participating Employer contributions, after payment of the expenses of the Board in administering the Plan, shall be paid to the Funding Agency or Agencies. Anything in the Plan to the contrary notwithstanding, no benefits shall be payable except those which can be provided by the funds paid to the Funding Agency or Agencies. The Board may at any time or times substitute or add a new Funding Agency or Agencies Delinquency in Contributions Within 30 days after receiving written notification by the Board of approval of its Participation Agreement, the Participating Employer shall pay to the Trust Fund all contributions accrued up to (but not including) the calendar month in which such written notification is received. Contributions for each subsequent month shall be remitted within 30 days after the end of such month, in the manner and at the place specified by the Board. Participating Employers shall be required to remit both the Employer's portion of the contributions and, where applicable, the Participants' portion of the contributions withheld through payroll deduction or otherwise received from Participants, within the time limits specified in the section. In the event of delinquency in the timely payment of any contributions and written notification thereof to the Participating Employer by the Board, such Participating Employer shall pay to the Trust Fund an additional 1% of the delinquent amount for each full calendar month of such delinquency after the date of such notification, it being understood that such 1% additional contribution with respect to delinquency is to provide for expenses of the Plan incident thereto which are impossible of exact ascertainment, and that the 1% is to be treated as liquidated damages arising out of the failure of the Participating Employer to fulfill its contractual obligation under the Pension Agreement. The Board shall furnish a copy of any notice of delinquency to the Union and in the event of any default in the payment of contributions and/or delinquency expense charges in accordance with the foregoing, the Board may adjust the Service Units under that Participating Agreement to the extent the Board finds proper and appropriate. In the event of non-payment by any Participating Employer of contributions required hereunder or under a Participation Agreement within 180 days after the end of the month for which such contributions were to be made, the Participation Agreement with such Participating Employer shall automatically terminate, and the termination date described in paragraph 8.01 shall be the last day of the last month for which required contributions were made by such Participating Employer. Notwithstanding the above, the Board may, at its sole discretion, allow a Participating Employer a

25 PAGE 23 longer period of time to remit any required contributions without terminating the Participation Agreement Contribution Sufficiency In the establishment of Benefit Levels pursuant to paragraphs 4.03 and 4.04, the Board shall make provision for funding, in accordance with the tests for contribution sufficiency prescribed by the regulations under the Pension Benefits Act (Ontario). The Board shall further engage an Actuary to determine the contribution sufficiency in accordance with such tests not less often than every three years. In the event that any such determination reveals that the contributions of the Plan are not sufficient to fund the benefits of the Plan in accordance with such test, then the Board shall forthwith amend all Participation Agreements then in force, on an equitable basis, so as to restore the sufficiency of contributions of the Plan Pensioner Protection Reserve The Board shall establish a sub-account within the Trust Fund, to be referred to as the "Pensioner Protection Reserve", for the purpose of alleviating reductions in the amounts of pensions payable to Participants and their surviving Spouses which would otherwise occur on the redetermination of Benefit Levels pursuant to Article IV and paragraph and/or 11.01, on the following basis. (a) Amounts may be allocated to the Pensioner Protection Reserve annually, commencing on January 1, 1998, representing a portion determined by the Board of any investment earnings of the Trust Fund in the preceding calendar year in excess of the rate of investment earnings included in the actuarial assumptions referred to in paragraph 4.03(a). The Pensioner Protection Reserve shall be applied to provide additional pension amounts sufficient to compensate for any reductions, pursuant to tests for contribution sufficiency under paragraph or Benefit Level redetermination pursuant to paragraph 11.01, in pensions payable under the Plan to Participants and their surviving Spouses, provided that: (1) paragraph shall not apply to pensions payable under any Participation Agreement which had been in effect for less than three years on the effective date of the test for contribution sufficiency under paragraph or of the Benefit Level redetermination pursuant to paragraph 11.01; (2) paragraph shall not apply to the portion, if any, of any pension amount that is attributable to increases in Benefit Levels during the period of three years preceding the effective date of the test for contribution sufficiency under paragraph or of the Benefit Level redetermination pursuant to paragraph exceeding 25% of the Benefit Level in effect at the beginning of that period;

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