Summary of Key Loan Terms and Exclusions

(Refer to the Supplemental Plan loan application for a complete description of loan terms.)

Key Loan Terms

• Loan amount is limited to the lesser of $40,000 or 20% of your account balance.
• Minimum loan amount is $1,000.
• Loan amounts will be permitted only from the vested portion of your account balance.
• Interest rate for every loan is set at prime plus 1% and is fixed for the life of the loan.
• Up to four (4) outstanding loans (not to exceed the lesser of 20% of your account balance or $40,000 in total) will be allowed at any time during the loan availability period. This includes any existing loans.
• Loan repayments must be made quarterly, beginning with the first day of the quarter, following the first full quarter after the quarter in which the loan is distributed. Payments are due to the Supplemental Pension Plan on the first day of each quarter.
• Loan repayments must be made to the Supplemental Pension Plan on an after-tax basis. Repayments are considered made on the date postmarked or transmitted.
• Loan must be fully repaid, plus interest, within five (5) years and can be repaid in full at any time without penalty.
• For married participants, spousal consent will be required for loans of $5,000 or more.

Exclusions

• Loans will not be permitted for participants whose Supplemental Plan accounts are subject to a qualified domestic relations order (QDRO), unless such QDRO is a separate interest QDRO, and the participant’s and alternate payee’s accounts have been segregated.
• Only general-purpose loans are available under the Supplemental Pension Plan. No primary residence loans are permitted.