1. Eligibility for Coverage

You may receive an advance to your hour bank reserves by the number of hours necessary (up to 120) to continue Active member coverage under III.A.4. if, but for the advance, you will lose coverage solely because of the involuntary reduction of your weekly work hours from 35 to 28 hours. You must also be on employed status (not terminated) on the last day of the second month preceding the coverage month. To request the advance, you must submit to the Plan Office an Application for Hour Bank Advance no later than the 20th of the month following the month coverage terminates.

2. Coverage Period

If you meet the requirements for the hour bank advance, your coverage may be extended on a month-to-month basis for up to 6 months. No more than 120 hours may be advanced under this section. A separate application must be submitted for each month of continued coverage under this provision.

3. Repayment of Hour Bank Advance

If you receive advance hours under this section III.E., the Plan will deduct from your hour bank reserves any hours in excess of 120 hours that you earn in the future to repay the advance. If you terminate employment without having repaid the advance, you will be billed for the advanced hours that you did not repay at the prevailing hourly contribution rate.