future added yearmeans, as at the appointed date, and after taking into account any relevant adjustment under article 6(2)(a) and (b) of the principal Order, an added year in respect of which the participant’s application to purchase has been accepted by the Managers but which is not included in his accrued aggregate period of reckonable service.
participantmeans a person to whom this Schedule applies;
the appointed datemeans, in the case of each participant, such date on or after 1st April 1995 as the Managers may appoint.
the appropriate fractionmeans one-fiftieth or, in the case of part of a year, the fraction which bears to one-fiftieth the same proportion as the number of days in that part of a year bears to three hundred and sixty-five.”