EX-MEMBERS definition
EX-MEMBERS means previous MEMBERS who left the service of the EMPLOYER concerned during the immediately preceding 12 months (or such longer period as may be taken into account in the liquidator's scheme of arrangement referred to in 11.2.2), either voluntarily or due to a reduction in or reorganisation of staff, and shall for the purposes of this sub-Section, be regarded as if they were MEMBERS on the date of discontinuance of the FUND. Benefits already paid out to such MEMBERS shall be taken into account in determining the proportion of benefit to be allocated to such MEMBERS.