Page 15



             An employee who has had a break in continuous service with the University
             and, except for the required minimum of fifteen years of continuous
             service at retirement, otherwise qualifies for retirement benefits may
             count total service at the University in order to establish a minimum
             annual retirement benefit, provided total service is equal to at least
             fifteen years. In any event, the last re-employment date must have
             preceded the establishment of the TIAA/CREF funded retirement plan for
             that group of employees.

 IV.     Survivorship Option Available to Individuals Entitled to Supplemental Benefits

             An employee who is eligible to receive supplemental income hereunder
             shall be provided, at the time of retirement, the option of electing
             a survivor benefit. If this option is elected, the monthly amount of
             supplemental retirement income payable by the University will be reduced
             to the amount which is the then current actuarial equivalent (as deter-
             mined by TIAA) for a joint and two-thirds benefit to the surviving
             spouse payable for life, but without a guaranteed payment period.

  V.     Reduction in Benefits

             Any University employee who, at the time of retirement, is eligible for
             payments by the University under provisions of the unfunded retirement
             plan or under provisions for supplemental retirement income associated
             with the funded retirement plan, shall have any continuing benefits
             that are payable after retirement under the Workmen's Compensation
             Laws or Unemployment Compensation Laws deducted from the University
             benefit payment. It is intended that the employee receive the total
             amount of the greatest single benefit but in no event receive any
             combination of benefits that will exceed the greatest single benefit.

             Reduction in University benefit rates as a result of Workmen's Compensa-
             tion payments and/or Unemployment Compensation payments will be adjusted
             in the event that all or any portion of such payments are discontinued.

 VI.     TIAA/CREF Death Benefits

             In the event of a University employee's death prior to the commencement
             of TIAA/CREF retirement benefits, whether or not the required period for
             vesting has been completed, an income or lump-sum benefit will be paid
             by TIAA/CREF to the participant's beneficiary according to policy estab-
             lished by TIAA/CREF.

VII.     Leave of Absence with Pay

             During the participant's leave of absence with pay (whether full or
             partial salary), the University will continue contributions toward a
             TIAA/CREF retirement annuity contract and/or certificate as provided
             for in Section I, at the same percentage rate as was in effect during
             the participant's last monthly pay period prior to the leave of absence,
             if the participant elects to continue contributions in a like manner.