An active Plan Participant working in covered employment shall have his/her eligibility terminated on the last day of the second calendar month following, a benefit coverage period if one of the following events applies:

1. The active Plan Participant fails to accumulate at least 700 clock hours in covered employment.
2. The active Plan Participant fails to accumulate at least 700 clock hours in reciprocating employment wherein payments are received by this Fund at least equal to 50% of the journeyman’s average Fund contribution rate as set forth in the Local 25 Inside Construction Collective Bargaining Agreement.
3. The active Plan Participant fails to self-pay for coverage as set forth below. Self-payment does not include COBRA payments.