Common use of Actuarial Cost Method Clause in Contracts

Actuarial Cost Method. The Unit Credit Cost Actuarial Method shall be the actuarial cost method used to calculate Participant Liabilities under the Plan. The Unit Credit Cost Actuarial Method is an actuarial cost method wherein the actuarial liability is the present value of the pension benefit accrued from the date of entry into the Plan to the date of the valuation. This actuarial cost method shall be applied to the following employee data as at May 31, 2011: Member Date of Birth Spouse Date of Birth Continuous Service1 Average Earnings1 2008 CRA DB Limit YMPE1 ▇▇▇▇▇▇▇ 11/15/1951 12/30/1953 13.71 years 477,500 $ 2,333.33 44,900 1 Earnings and service were frozen as at September 16, 2008. YMPE and CRA DB limit assumed to be frozen as at September 16, 2008. The SERP Agreement calls for the use of calendar year periods in determining average earnings. However as only fiscal year data was available, we have used fiscal year periods to determine average earnings. Based on the above employee data, the accrued annual benefits payable to ▇▇▇▇▇▇▇ under the Plan at June 1, 2011 (age 59.54) are as follows: Accrued monthly Lifetime Pension Accrued monthly Bridge Pension (paid from retirement to age 65) ▇▇▇▇▇▇▇ $ 6,363 $ 253

Actuarial Cost Method. The Unit Credit Cost Actuarial Method shall be the actuarial cost method used to calculate Participant Liabilities under the Plan. The Unit Credit Cost Actuarial Method is an actuarial cost method wherein the actuarial liability is the present value of the pension benefit accrued from the date of entry into the Plan to the date of the valuation. This actuarial cost method shall be applied to the following employee data as at May 31, 2011: Member Date of Birth Spouse Date of Birth Continuous Service1 Average Earnings1 2008 CRA DB Limit YMPE1 ▇▇▇▇▇▇▇ 11/15/1951 12/30/1953 13.71 12/27/1961 03/21/1962 9.71 years 477,500 $ 2,333.33 662,300 44,900 1 Earnings and service were frozen as at September 16, 2008. YMPE and CRA DB limit assumed to be frozen as at September 16, 2008. The SERP Agreement calls for the use of calendar year periods in determining average earnings. However as only fiscal year data was available, we have used fiscal year periods to determine average earnings. Based on the above employee data, the accrued annual benefits payable to ▇▇▇▇▇▇▇ under the Plan at June 1, 2011 (age 59.54) 60 are as follows: Accrued monthly Lifetime Pension Accrued monthly Bridge Pension (paid from retirement to age 65) ▇▇▇▇▇▇▇ $ 6,363 9,592.44 $ 253181.66

Actuarial Cost Method. The Unit Credit Cost Actuarial Method shall be the actuarial cost method used to calculate Participant Liabilities under the Plan. The Unit Credit Cost Actuarial Method is an actuarial cost method wherein the actuarial liability is the present value of the pension benefit accrued from the date of entry into the Plan to the date of the valuation. This actuarial cost method shall be applied to the following employee data as at May 31March 1, 2011: Member Date of Birth Spouse Date of Birth Continuous SERP Service1 Average Earnings1 2008 CRA DB Limit YMPE1 ▇▇▇▇▇▇▇ 11/15/1951 12/30/1953 13.71 03/16/1955 08/20/1949 25.778 years 477,500 $ 2,333.33 479,441 44,900 1 Earnings and service were frozen as at September 16, 2008. YMPE and CRA DB limit assumed to be frozen as at September 16, 2008. The SERP Agreement calls for the use of calendar year periods in determining average earnings. However as only fiscal year data was available, we have used fiscal year periods to determine average earnings. Based on the above employee data, the accrued annual benefits payable to ▇▇▇▇▇▇▇ under the Plan at June March 1, 2011 (age 59.5455.96) are as follows: Accrued monthly Lifetime Pension Accrued monthly Bridge Pension (paid from retirement to age 65) ▇▇▇▇▇▇▇ $ 6,363 15,476 $ 253424