This excerpt taken from the CAC 10-Q filed May 12, 2008.
Employee shall not be entitled to any benefits hereunder until Employee has been employed by the Bank for seven (7) consecutive years. Thereafter, Employee shall be eligible to receive a percentage of the benefit amount, such percentage to be determined as follows:
The benefit amount shall mean an amount determined by multiplying the retirement benefit to which Employee otherwise would be entitled by a fraction, the numerator of which is the number of consecutive years & full months of service which Employee has attained with the Bank at the time Employee Separates from Service and the denominator of which is the difference between sixty-five (65) and Employees age in years and full months on the date Employee began employment with the Bank.
This excerpt taken from the CAC 8-K filed Jan 25, 2005.
Management employees of the Company and its subsidiaries as designated by the Administrator shall be eligible to participate in the Plan.