During the months of May and December the Trustees shall pay out to each employee the adjusted balance as of the valuation date in his individual account.

Vacation balances greater than $10.00 will be held in the individual accounts after the next valuation date until they are claimed. At that time, an expense fee of $10.00 or 50% of the balance (whichever is lesser) will be charged against the account.

However, is an additional 6 months passes and the balance is still unclaimed, it will be forfeited. At a later date, if the payee makes a claim for the money and establishes a right to it, the amount in the individual account shall be paid less the $10.00 charge or adjusted charge as aforesaid.