§ 3.05. Termination of membership in Division B.

If a member of Division B terminates his membership in Division B, he shall not be eligible thereafter to become a member of Division B. The membership of any member of Division B shall terminate upon:

(a)

Termination of employment;

(b)

Retirement, except disability retirement followed by re-employment as an employee subject to Section 3.11 and Section 3.13;

(c)

Death;

(d)

Termination of employment at any time with prejudice, where 'prejudice' shall mean the termination of employment of a member of Division B as a result of his conviction in a court of competent jurisdiction of embezzlement or larceny of public funds or properties, or malfeasance in office, or shall mean the forcing of a member of Division B to make restitution of any funds or properties similarly taken by the member of Division B which resulted in his termination of employment.