Transcat Inc. Post-Retirement Benefit Plan
For Non-Officer Employees
(Amended and Restated Effective January 1, 2010)
The Transcat Inc. Post-Retirement Benefit Plan for Non-Officer Employees (the “Plan”) provides limited
reimbursements to eligible Participants for the cost of individual medical insurance coverage purchased by the
Participant following qualifying retirement from employment with Transcat Inc. (the “Company”). The Plan does
not itself provide health benefits. The actual health benefits provided to a Participant are provided through the
individual policy of insurance purchased by a Participant after retirement from the Company.
This document is the summary plan description of the Plan and is also considered the written instrument for the
Plan for purposes of Section 402(a)(1) of the Employee Retirement Income Security Act of 1974 (“ERISA”).
The original effective date of the Plan is December 23, 2006. This amendment and restatement is effective
January 1, 2010.
Non-Officer Employees who retire from active employment with the Company on or after December 23, 2006
at age 65 or older with 20 or more years of Qualifying Service and who do not work in any other full-time
employment (as defined below) after retirement are eligible to participate in the Plan. A Non-Officer Employee
who retires after satisfying the eligibility requirements is referred to as a “Participant” in this document.
For purposes of eligibility to participate in the Plan, an individual will be considered a “Non-Officer Employee” if
the individual is classified by the Company as a common law employee and does not have the title of Vice
President or higher and is not the Corporate Controller. An individual who the Company classifies as a leased
employee, or who is on the payroll of another company or is treated as an independent contractor by the
Company for employment tax purposes is not eligible to participate in the Plan, even if a court or o