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Introduction

The ABC-NABET Retirement Trust Fund is maintained according to the collective bargaining agreements between ABC, Inc. (the "Company") and the National Association of Broadcast Employees and Technicians-CWA, AFL-CIO CLC (the "Union"). The Fund is financed by Company contributions. You do not contribute to the Plan, except on a voluntary after-tax basis to provide supplementary retirement benefits.

The Fund is administered by a Board of Trustees consisting of an equal number of representatives of the Union and the Company. Except for reimbursement by the Fund for certain lost wages in connection with service as a Trustee and reimbursement of reasonable expenses incurred in connection with such service, each Trustee serves without compensation. The Fund is a separate trust fund established for the purpose of paying the benefits provided under the Plan. The Plan has been qualified by the Internal Revenue Service.


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