1.2 HOUR BANK ACCOUNT FOR EMPLOYEES If an Eligible Employee working under a Collective Bargaining Agreement is credited with more than 100 Covered Hours in a month, the Plan credits his or her Hour Bank Account with the excess. The Plan credits Hour Bank Accounts with no more than 480 hours. These banked hours are automatically used to continue eligibility during any month the Eligible Employee is credited with less than 80 hours. Covered Hours by Eligible Employees whose Employers are not contributing pursuant to a Collective Bargaining Agreement and whose Employers are contributing under a Flat Rate Contract do not result in Hour Bank credits. Also, Hours Bank Credits are reduced to the extent a Participant was provided with expedited coverage, as explained in Section 1.1. Termination of Participation in Trust Any Eligible Employee working under a Collective Bargaining Agreement when the Employees covered by that Collective Bargaining Agreement voluntarily terminate participation in the Trust forfeits all hours remaining in the Hour Bank at the end of the calendar month immediately following the month in which the Collective Bargaining Agreement providing for participation in the Trust is no longer in effect. Also, any service as an Employee of that Employer will not be considered in determining eligibility to become a Retired Participant. The following chart is an example of how an Eligible Employee would meet the hours requirement for initial eligibility, as well as build up hours in his/her hour bank account: Month Hours Worked Event Total in Participant’s Hour Bank Account January 120   0 February 160   0 March 160 400 hours used to establish initial eligibility. 40 April 160 Lag month before eligibility for coverage begins. 100 May 120 Eligibility for coverage begins May 1st. 120