(a) Account. “Account” means either the participating boxer's regular account or refund account.

(b) Accrued Benefit. “Accrued benefit” means the aggregate amount in all of a participating boxer's accounts and shall include the actuarial equivalent of any participating benefit under the Plan as of April 30, 1996.

(c) Actuarial Equivalent. “Actuarial equivalent” means the equivalent in value of the accrued benefit expected to be received based upon actuarial assumptions adopted from time to time by an enrolled actuary appointed by the commission.

(d) Beneficiary. “Beneficiary” means all persons entitled under the provisions of this Plan to receive benefits after the death of a participating boxer.

(e) Boxer. “Boxer” means a licensed professional boxer.

(f) Boxers' Pension Account. “Boxers' pension account” means the fund held by the commission in the boxers' pension account established pursuant to section 18882 of the Code for the exclusive purpose of paying benefits under this Plan.

(g) Break In Service. “Break in service” occurs when a participating boxer fails to fight at least ten (10) scheduled rounds in California during any thirty-six (36) consecutive calendar months, after July 1, 1981, and prior to age 50. A participating boxer who suffers a break in service forfeits all credit earned for rounds fought up to that date unless such participating boxer is a covered boxer at the end of the plan year in which the break in service occurs. For purposes of this Article, a boxer's service in the armed forces of the United States in a time of war or national emergency shall not be counted in determining when a break in service occurs.

(h) Covered Boxer. “Covered Boxer” means a participating boxer who has satisfied the vesting requirements of section 405(a).

(i) Forfeiture Reserve. “Forfeiture Reserve” means the reserve set aside from each year's total forfeitures due to the potential claimant not claiming his or her accrued benefit before January 1st of the year in which their 54th birthday occurs as adjusted to reflect the recommendation of a pension fund audit conducted at least once every two calendar years.

(j) Forfeiture. “Forfeiture” means the reallocation within the Plan of that portion of a participating boxer's regular account that is not vested prior to the date on which the boxer incurs a break in service.

(k) Participating Boxer. “Participating Boxer” means a boxer who participates in a contest after July 1, 1981, and who is or may become eligible to receive a benefit under the Plan, or whose beneficiary may be eligible to receive any such benefit, and who has not incurred a break in service. A boxer who has incurred a break in service shall nonetheless be deemed a “participating boxer” for any year after that break in service in which the boxer participates in a contest.

(l) Plan Year. “Plan year” means the calendar year. The first plan year for this restated Plan shall be the period between May 1 and December 31, 1996.

(m) Suspense Account. “Suspense account” means the account provided for in the funding and allocation provisions of this Plan.

(n) Vested. “Vested” means that the participating boxer or the participating boxer's beneficiary has an unconditional, nonforfeitable right in the participating boxer's accrued benefit.

(o) Forfeited Vested Account. “Forfeited Vested Account” means an accrued benefit that has been forfeited by a covered boxer as a result of the covered boxer's failure to file a claim with the commission for his or her accrued benefit prior to January 1st of the year in which their 54th birthday occurs.

(p) Potential Timely Claimant. “Potential Timely Claimant” means a covered boxer who has not filed a claim with the commission for his or her accrued benefit between their 50th birthday and January 1st of the year in which their 54th birthday occurs.

(q) Timely Claimant. “Timely Claimant” means a covered boxer who has filed a claim with the commission for his or her accrued benefit between their 50th birthday and January 1st of the year in which their 54th birthday occurs.

(r) Late Claimant. “Late Claimant” means a covered boxer who has filed a claim with the commission for his or her accrued benefit on or after January 1st of the year in which their 54th birthday occurs.

(s) Potential Late Claimant. “Potential Late Claimant” means a covered boxer who has not filed a claim with the commission for his or her accrued benefit on or after January 1st of the year in which their 54th birthday occurs.