104. The Company will provide a retirement benefit program in accordance with the Production Employees´ Retirement Plan, as amended. 

105. In the event of an employee´s death or retirement, vacation pay will be pro-rated from the start of that vacation year until the time of the employee´s death and/or retirement. 

106. An employee who retires under the provisions of the Production Employees´ Retirement Plan will receive life insurance in a pro-rated amount for each full year of credited service up to a maximum of 30 years and S4.000.00. An employee may draw against the above amount for Surgical and Hospital expenses for him or her and/or his or her spouse up to a maximum of $300 per calendar year for 5 years ($1500 maximum). Any employee who has fewer than 12 years credited service at retirement may use the $300 yearly maximum until he or she has exhausted the accrued benefits under the provisions of this paragraph. If in any year the medical benefit is not used it shall be carried over to succeeding years. After 5 years, or shorter period if applicable, the unused portion of the maximum medical benefit will be available as needed for Hospital and Surgical expenses.