METHOD OF PAYMENT

Contributions for work in the jurisdiction of Local 25, I.B.E.W., Reciprocal Agreement Payments and MRA Payments may be used to meet all or part of the requirement for coverage cost. If sufficient funds are not available from the above sources to meet the entire requirement for coverage cost, the Plan Participant will be responsible for immediate payment of the difference.

Continuous Employment/Insufficient Clock Hours

All Plan Participants who work continuously for the same employer under an “A” Plan Collective Bargaining Agreement, shall in order to become and remain eligible for Plan Coverage, be required to have contributions made on their behalf based on a minimum of 700 clock hours in each benefit coverage period pursuant to the applicable collective bargaining agreement under which contributions are due. If such Plan Participant does not accumulate 700 clock hours, the Plan Participant will be responsible for immediate payment of the difference in clock hours which shall be paid at the average Journeyman’s Local 25 Inside Construction Collective Bargaining Agreement Fund contribution rate.