Article II. Participation

Section 1. Eligibility.

Actors and employees of this Plan shall become eligible to participate in the Plan when and as provided in this Article.

Section 2. Participation.

The initial eligibility computation period for purposes of this Article II only, is the twelve (12) consecutive month period following an employee's initial date of employment covered by the Plan. The eligibility computation period following the initial eligibility computation period shall be the Calendar Year which includes the first anniversary of an employee's employment commencement date. For purposes of this Article II only, an employee who works in employment covered by the Plan shall become a Participant in the Plan on the earliest January 1 or July 1 next following a twelve (12) consecutive month period during which he earned one year of Vesting Service.

A Guild Office Participant who was a Participant in the Screen Actors Guild Employees Retirement Plan as of December 31, 2003 shall become a Participant in the Plan on January 1, 2004.

Section 3. Termination of Participation.

For purposes of this Article II only, a Participant who fails to earn one Current Service Credit in a Calendar Year prior to January 1, 1999, or who incurs a One-Year Break in Service after December 31, 1998 shall cease to be a Participant on the last day of such Calendar Year, unless such individual has become a Pensioner or has met the requirements for a vested benefit.

Section 4. Reinstatement of Participation.

For purposes of this Article II only, an individual who has lost his status as a Participant in accordance with Section 3 of this Article, shall again become a Participant by meeting the requirements of Section 2 of this Article on the basis of service after the Calendar Year during which his participation terminated.