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1.7 "Participant" shall mean a current or former employee of an <br /> Employer, or the surviving dependents thereof, who at the time of reference has <br /> an account under the Plan. <br /> 1 .8 "Participation Agreement" shall mean an agreement between an <br /> Employer and the Administrator under which an Employer, p�rsuant to a collective <br /> bargaining agreement, with a Union adopts the Plan on behalf of its eligible <br /> employees. <br /> 1.9 "Plan" shall mean The Post Employment Health Plan for Collectively <br /> Bargained Public Employees. <br /> 1.10 "Trust" shall mean the Trust for The Post Employment Health Plan for <br /> Collectively Bargained Public Employees, as set forth in this document. <br /> l.l 1 "Union(s)" shall mean any collective bargaining representative group <br /> who has negotiated participation under the Plan with an Employer and who <br /> meets the conditions for participation as adopted by the Corporation from time to <br /> time. <br /> 1.12 "Valuation Date" shall mean each day in which the New York Stock <br /> Exchange and the Corporation's home office are open for business. <br /> 1 .13 "VEBA" shall mean a voluntary employees' beneficiary association. <br /> 5 <br />