13. VACATION PLAN BENEFIT The Vacation Plan provides cash payments to Eligible Employees whose Collective Bargaining Agreement requires contributions for Vacation Benefits. These benefits are automatically paid out 4 times each year in lieu of holidays and vacation. Eligibility for Vacation Benefits If you are working for an Employer covered by a Collective Bargaining Agreement that requires contributions for Vacation Benefits, then you are eligible for Vacation Benefits. Vacation Benefits are payable so long as the Welfare Trust holds Vacation Plan funds contributed on your behalf. If you die before receiving all Vacation Plan funds held for you, then the remaining funds will be paid to your first survivor according to the following list: your spouse your estate When Benefits are Payable Benefits are automatically sent to your address on file with the Plan, as of the beginning of each quarter, February 1, May 1, August 1, and November 1. There may be a delay of up to 10 business days from the time the Welfare Trust receives a contribution to when it credits the contribution to you. Benefit Amount The amount you will receive is exactly equal to the amount that your Employer contributes to the Welfare Trust for you. Please note that before depositing Vacation Plan funds with the Welfare Trust, your Employer must pay your employment and income withholding taxes. Only those amounts actually contributed to the Welfare Trust by your Employer and credited to you are included in the benefits paid each quarter. Any investment earnings will be used to pay for administrative expenses involved in maintaining the Plan.