Summary Plan Description of Executive Survivor Insurance Plan Program

SUMMARY PLAN DESCRIPTION
EXECUTIVE SURVIVOR INSURANCE PLAN
PROGRAM OF INSURANCE BENEFITS FOR SALARIED EMPLOYEES
OF AMERICAN RAILCAR INDUSTRIES, INC.


FORWARD


The purpose of the Executive Survivor Insurance Plan is to provide additional protection for your spouse while you are an active employee and to continue that protection during your retirement years. This valuable protection is an integral part of the total benefit program provided to you by ARI. Please report any changes in your marital status to the Employee Benefits Department.


IMPORTANT FACTS ABOUT THE PLAN


PLAN NAME: Executive Survivor Insurance Plan, as part
of the Program of Insurance Benefits for
Salaried Employees of American Railcar
Industries, Inc.


PLAN SPONSOR: American Railcar Industries, Inc.
100 Clark Street
St. Charles, Missouri 63301


PLAN ADMINISTRATOR: Employee Benefits Administration Committee
American Railcar Industries, Inc.
100 Clark Street
St. Charles, Missouri 63301
(636)940-5000


AGENT FOR SERVICE Secretary or Plan Administrator OF LEGAL PROCESS: American Railcar Industries, Inc.
100 Clark Street
St. Charles, Missouri 63301


EMPLOYER ID NO.: 43-1481791


PLAN NUMBER: 501


PLAN YEAR: June 1 to May 31


SOURCE OF CONTRIBUTIONS: Employer


BENEFITS PROVIDED BY: Prudential Insurance Company of America
Prudential Plaza
Newark, New Jersey 07101


TYPE OF PLAN: Welfare


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ELIGIBILITY


The following are classifications by which an employee with a qualified spouse may become eligible to participate in the Plan:


- Any employee with one year of continuous service whose job
classification is grade C-5 and above;


- Any employee with one year of continuous service whose job
classification is grade C-3 and above and who is a Director of a
function, or a President of a subsidiary company; or


- Any employee with one year of continuous service who is a full
Officer of the Company regardless of pay grade.


Plan participation is subject to approval of the Employee Benefits Administration Committee.


Once an employee has been determined eligible to participate, a change in job classification will not cause termination of coverage under the Plan.


BENEFITS


The Plan provides lifetime benefits to the qualified surviving spouse of a participant who dies either while in active employment with the Company or following retirement at or after age 55. Benefits payable under the Executive Survivor Insurance Plan are apart from any benefits from the Company retirement plans. Benefits are only payable t ...