60 DEFINITIONS The following terms, where capitalized, shall have the meanings set forth below unless otherwise specified herein: (a) “Adoption Agreement ” means a written document signed by a corporate officer adopting the Plan on the part of the organization. (b) “Beneficiary” means a Beneficiary under the Plan as defined under the terms of the respective Welfare Program. (c) “Benefit Program and Health Benefit Program ” means the Welfare Benefit Plan s being offered to the employees. (d) “Claims Administrator” means the insurance Employer , third party administrator or other entity designated by the Plan Administrator to determine benefit eligibility and availability and/or pay claims for benefits under this Plan or a Welfare Program under this Plan. (e) “Code” means the Internal Revenue Code of 1986, as amended. (f) “Company” means Snellings Walters Insurance Agency . In the event of a reorganization, merger or similar transaction affecting the Company, any successor entity may adopt the Plan for the benefit of Employees of such successor, in which event, the Plan shall continue without any gap or lapse in coverage. (g) “Dependent” means a covered Dependent under the Plan as defined under the terms of the respective Welfare Program. (h) “Effective Date” means January 1st . (i) “Employee” means, unless otherwise specified in a Welfare Program incorporated herein, any person currently employed by the Employer who is receiving compensation for services performed and who is classified by the Employer as a salaried or hourly full - time employee regularly scheduled the amount of hours per week as noted in the Eligible Employee Section of the Plan Information Section of this document. Employees on certain leaves of absence are also eligible to participate, subject to additional terms and conditions as specified in this P lan . “Employee” shall not include any person classified on the Employer’s records as other than an employee. For example, “Employee” shall not include anyone classified on the Employer’s records as an independent contractor, agent, leased employee, contract employee, temporary employee or similar classifications, regardless of any subsequent or retroactive reclassification or determination by a governmental agency that any such person is a common law employee of an Employer. Notwithstanding anything to the contrary contained herein or in the Welfare Programs, Employees who are non - resident aliens and who receive no earned income (within the meaning of Code Section 911(d)(2)) from an Employer that constitutes income from sources within the United States (within the meaning of Code Section 861(a)(3)) shall not be eligible to participate in the Plan . (j) “Employer” means the Company, and any other entity that participates in the Plan with the approval of the Plan Administrator. The Plan Administrator shall have the right to terminate