88-R-46rR OLUTION NO. 88-R-46 I^
SUGGESTEI}-_,ESOLUTION FOR A LEGI04-TIVE BODY
RELATING TO A DEFERRED COMPENSATION PLAN
RESOLUTION OF CITY OF EDGEWATER ('Employer').
WHEREAS, the Employer has employees rendering valuable services; and
WHEREAS, the establishment of a deferred compensation plan for such employees serves the interests of the Employer
by enabling it to provide reasonable retirement security for its employees, by providing increased flexibility in its
personnel management system, and by assisting in the attraction and retention of competent personnel; and
WHEREAS, the Employer has determined that the establishment of a deferred compensation plan to be administered
by the ICMA Retirement Corporation serves the above objectives; and
WHEREAS, the Employer desires that the investment of funds held under its deferred compensation plan be
administered by the ICMA Retirement Corporation, and that such funds be held by the ICMA Retirement Trust,
a trust established by public employers for the collective investment of funds held under their deferred compensa-
tion plans and money purchase retirement plans;
NOW THEREFORE BE IT RESOLVED that the Employer, unless it has already done so, hereby adopts the deferred
compensation plan attached hereto as: (check one only if Employer is hereby adopting a plan)
(1) Appendix A [ ] or
(2) The plan provided by the [ ]
Employer which is attached hereto
and the Trust Agreement with the
ICMA Retirement Corporation
(Appendix C)
and appoints the ICMA Retirement Corporation to serve as Administrator thereunder; and
BE IT FURTHER RESOLVED that the Employer hereby executes the Declaration of Trust of the ICMA Retirement
Trust, attached hereto as Appendix B.
BE IT FURTHER RESOLVED that the City Manager (use title of official, not name)
shall be the coordinator for this program and shall receive necessary reports, notices, eta from the ICMA Retire-
ment Corporation or the ICMA Retirement Trust, and shall cast, on behalf of the Employer, any required votes under
the program. Administrative duties to carry out the plan may be assigned to the appropriate departments.
I, Susan J. Wadsworth Acting, Clerk of the (City, EtvMy,-e"
Of Edgewater , do hereby certify that the foregoing resolution, proposed by
(Council Member, Trustee; Etc.) of City Council of Edgewater was duly passed and adopted
in the (Council,-Buard-Etc.) of the (City, eountp,-eb . of Edgewater
at a regular meeting thereof assembled this 3rd day of October 1988, by the follaving vote:
, Councilmen Rotundo, Prater, Asting, and Mitchum
le �CL6l6N^/�✓�f'
lark of the (Cdy, County, etc)
APPENDIX A
CITY OF EDGEWATER
(" EMPLOYER')
DEFERRED COMPENSATION PLAN
ARTICLE t. wT11ODUcnON
71e Emilio w hot,, mb6shsee E,0Ww%DO~ Cwyerodw- Pan.
twmenjW IGWW MUM INW* Tln Plan tOnlAm iiCn poAsidA w bN
In Ana doG ,
The PWArl Wrpesa d thew Pen is b VDAoe raerwMre Kprre and Man
dsbrmd bo An to ee Emploon d the Em~ in eoowoarca ww tle Pro
visiws d asdion a51 a Ae kAeme. Ryarare cove a /05t. es Amandeo.
This hen a1Wl be an wreernea sdmy betwwn Ina Em~ and PenioiPM
AO Empyees
AIR1Cl.E E. DERNrt*"
Mallon 2.01 AI M: The boolrleapn0 eccwra nW r%W*d tr aech Ar
"pam rreadirrp An oomMi a amour d Are Parboipamt DOWW Con
psmAOon. inewnp AN ircnna pum, btees. w Atpesess w daClaesaA in
m,, IAIua annbAAda b Are Empy'wt Al emmem Cl the AnWPAmt
Do, WCmperAaum. AndhsD I l"ng an, AAtribkdsbAe Pm -M—
a 0r Parodpent Ber*kiW and AN IAes a wpames dwDW loran Audi
PAncpant Dslamed Crop~-M
pecOM 2.02 AMANNreloa: The parson d Poems mmeo b mn Pd wr
,an rondscrsbdery admin", hroada : , tle Plan, es h node,
descnt The Emp 0y., ney canoe ON pwson AS MftNOWw upon W
dye Wo,,,A npsce in vrt,r g lc AYCh parson, in Mich ease Aro Empyw
steal rwne ani t parson a qnw+b W as AdnnstWa The bnins
bmw my Tenn upon 60 OAK AON r*WC Ar wmmp b Ae EMOWK
b efiCN Cast the EmWoR' NAZI rwre ArWher paron W persons b eW As
AtlrnnnW,vlu
Metlon 2.02 RonaftIVY: TN Deem w pe daspnnmed by the Par
ACipan in tits jiinimr Apraennt w NII UNPnV t'Y Dyabelave!
undw in An, a en d f PwwPant tlaoh.
MNlon 2.04 Delorn0 CAmpenaMn: The amwre of NmrW CmpemA
son dlwwne pANde b Ae pAreopart aMich Ad parsdpara And TO Emp ion
naAum, was b dak, hawnM t Amy snr Uadmd b A pAndpamt
Aooeurn b/ raaapn dA tnmbr VrlOar SeCOm 1iO3. Y Ary OA< AmDVrt WnN
An, Enplyar ApresA b erWe b a Panopsnt Ace.-'
SWUM 2.06 EmW pe: Any ini$ i l wlc VVo NrMS tr Ae
EmplyAr. MraAwes an nn0loreedPa EmplyerloAn olgNe en Con
llw,b wnQ aerD has been desp+Ater: y me Enpb/w es mpide b panci.
Oses b M Pan
tiwdbn 2A0 Yon kI Cp O.Aptbn: The srroure d en Emplyeetmn
WAWA in Am the Emplyw tr a Wabia Wes Ara a Aunt "NA b eenices
pelAmW bM Empgw wMAW a AWMtM saes Empgest pros icerro
tr M laAbk Yeses tr aMwm irbone W purport, sWlwm tloas rW Operas
A, wrcun MMk4We hones gm imam uMw pn Pian Dr ON dher pan
daserbad n sAdim 457(b) of the Inarml Revenue Coda w / carvers Luiud
Alya typo 9,,jii urWr AAdgn AOYbl d" IdwrW Ar'MVA CPM.
w An, dhar snbunl acju ham we"in=nO to AMOCO AWAreWW
;,AU AWudbe Co nsslron "I W oiftninnsd wiDWe mspard b An,
earmrurmy pppeft caws.
MPtlon l.O7 ANnOw AprwnterO: Mwnemwn ertenoirtobmwwnan
Emplyea and M E-00YOr, -CWW AM Arrarrornares a modlAWcrA
ewW Such Wn wrem AIW at k an ixt d Dorn CwnperAeson. We*
A "worce Air" to o oarrien ownst m OeAgnmW by Ax Empyer
6mg,U, ere EmplgN Bonefcary w BAMciahas And lOcwP i mlo An
Urn, oondaom. Aro PrDYaMre d Ae Pan by mWerce
MPtlon 2.00 NPmW CPmpArwtlen: Th ano dowrrpsrAmion Nice
A. . to paYsma tb A ParOcrWn by the Enploier tr A buaEla YAM A m
Jdn,W AW vnorl wan in ~ b delay o Psmatim ~ Ala Plan.
McOAn 2.00 Npmal Mtlmmwd Ape: Ape 70. unless 0e Pancipsn hes
alsdeo an aaerrAN Nor ral Rmirsmenl Ape by wnAen iret,~ ckk w
b Ae AdrnnW Wp poor b SapaW Otwn SAnot A Anppsnt NW W
RauWhan Ape dotrnuns, W AA latest bare when bemnb my porrAlema
r Ara pain (u U, to Pat,,i n Cprarues ano,, n nNiv Northal
Raorarnra Ape),And (b) Ae panw during whoa a Arlidpem my ibWo ee
,Mn., Yn m on d Section S02 hern,nder Orce A Andpsm hu m 011
saes rmliuo to oocn, p ArnAom of S"m SDi, his NP l FOM' en
Ape mmy rW be d Inged
A Paniripant anwreta Nwri* Ran 0 4 Ap0 MAY oar bs esner esn tlx
aanam ism, non Ara Amdpam w0 bacons 01-91de b rein and rseww
urn6j ed rAOMert OwMn urdo ma Errpbrrt Wfc raerTwt Pre^ so w.
Alp era Andpwe and may W be Ww Ihan ne dale ee Pan pen Awm
we A A a pwwpam owonuss wnpy+mm aft' mlainrp ape 70rW ha,,
Ail Dry d y r WcW an tlerrWe Norm Ratinern nl Ape. ee PancrpAnt
sesmm r NomW RwWnsn Ape Ras rW be Ads, Ann ea mAMalM Wim
owe ape A AIV, smadahso by 0e Empyw. w One we 0 whah the Par
%WON meway sePaWes Oorn moss Ape Employe, has romarrtlatory now
rnwt Ape n Ar PanKipan call rW paCpM Mgide b raCC�e MrM1M1LL untler
a ba Iatirwrwe pan nwnAinso by the Er plgpr ere Ancipsnt Yerrale
NomW ReOrwrwe Ape may IW be ASM, than mwremra d ape 55 And naY
rW be law Mn the salairtrem d ne A
paatlon 2.10 PBF WpwM: Any Emplyee whe has IdnAd Are Plan purwan
IG tle nAuilwrwlls d ANde IV
Owbon 2.11 Flan Vow: 71,e calerrder Year
89COW 2.12 R14m1heM: The AW We upon whah bdh d tln bkw nil
ow new Ovr` rasa Aon rayed w a PA pan SWwAem Iron Sarmt mro
aeaircrsn d We 65.
Mellen 2.12 SopwaOon Rom Mmlos: Snennee a the Amc rtll
'rqw' en wan ee Enplyw eRieh Cpwa,tw a -mepemon hewn aenn
wMn AA mooning d axtim AM (a) a W Pa) of ee lrYrml Rwerwe Cues
b per", a Am "m SW be dow b hre aawrOd ns v"0W` ert
aM Ae E'~ tr pupor d N aw, waver n wia anoe wan ee mb
W W pACOCM d er Enplayw Ar wnpW sre Watt r P a earMaA
b I aduMy koft retail. In M ease co a Panmpam vend a An ir10apan
doe CDrlrecto of tle Emoo w upsW ami Ssr.+ce " to owed
b have Poband Wen Ae Andpant Cwwad undw w awvaes Am
brined has cwr#$Wy MPW And IamrinAred. Ain a w braseesbe Pot
abain eve Ata Emplyw ea rsrew, 0e twine w wen as: a nave caend
tr the AnM `%% owim. And e is rW AW pmw Anal Ae Amoovam will
baepmre An E.P*w d One Emptryn
ARTCLE R. ADMDOST ATOR
Saralee W Dutlaa M le Wlgr. The EmploW slraa Lew N WOeey
biMaY 4vYarwy dlWara Wiwg Moot elan. hNryYa
ewiar mays M l.aseea n N admiaYn d Nea Kars
Soetlon SM Dube of AOlNtiMp: The AOrair<aew a opera bM
Enplolt sfM wrbm raaeCnapary adrrirawrYrs ANbaar n mtrD
dw aSM M M Yr4rtling Sa mwrtwrrp Cl i q'dpera' Marry M
Man of dpwbdc naporlanMwwut d..cn Atabut Ciro NdWaM
afar. dbrlel\ n bwM a N EmpbM n aoopbrh rlh N prw(aprle
Y Sea Flan
ARTICLE M PARTICIPATION IN 7N[ PLAN
EaetlM 0.N Peale Mlo"doc An Enp yw maA benan. a Partrdpsrt
kW- ab a Joinder Ap.wran prim b M bepltirp Of N chord,
loam in Mine N Jardw Apaennom a b beivl ectiw b dam tam
p.,aean ra M aired.
16COM 4.02 AerarAftrarw Y JandW AS,MmS: A Paraciwd may
.rune an . Jarrow Agemad be/enge M wrist d wmpere,
fen mil yw ow orrel a b b dsansd pMrraro M nwhrmon d arch
Alan dlea,rW barch)wbdapmaAawnrnepok, h,biectbwch
IWnCaora a mayman dom M stun a Mmc ci any inaapnen hard.
bf M En,~ $won r,rrWram Nall brown anacne as of M be in
flop IN N Calendar moan cormni tirp an M We N nrbmM a
daww ea. A FUMMord may N any boa Mach me Jarrow Apannarl b
Change her daprolW Senei..Mwrch wrrndnan tlM beers Yr
tits nnadwwy
ARTICLE V. LIWTATIONS OF DEFERRALS
Section SAI Nonni LanOetlon: E=W n pmrrdad in Ssi 5W M
PrVi n amaae of DMIW Canp~,m b any Paftgan to any la
b4 year epee W sai M tamer a S7300M a 33% WWd d M Par.
topnt Wdu* a Carpwleaem b M amblefar. Tie Faxon we ado,.
iy be eW Wert b N Caw Cl f 3WW or 25 pwcea Of M P.roawnrt
Nw.10 Cwnpalaw rm
Swtl*n 5.02 CablWp Laalabm: Fa a.Cn d M law het (3) Wade
yeaa Of a Pamvpam anan0 babe Ns seas fen of Nwmal Remwwre Age
N maalmun wrroun of Dire Cwnp-.aon Pall be Maw, of
(1) SIWW w (2) M cum a (,) M NMW L,mWibn b M tereW ysar aro
(.) Chat p WaM NpmarLmW:on be aadh of the prior a*ab4 )card
M PUAawra comwc.nC r..- --I v...n; MachM pan area in awerp.
ConpenYw (d aryl CoM.. •. a flan rues pi b M WWbi, a
w bar rn eactrn Slat, an l - ran era wpaa b wmopae n M
Pion (w on aq deer pan aamrc^_ ..Mn secIcn, u] of M namal Ras
law Cede by an Mplbr, wmn M tern 9aa as M Emooy" n apse
of M amadt of D.armo Canwnsol,m b am each pia laaAW ref
1aA+drp nraala desr,ad vwr err Yre teaN For WpWe yr+s Sai
SM a Pane rant lnauaae Cwnwrawcn b M am.rt W+eble r., we
be bead b Yrdude fry Dsarnd Wnpraeam bM ama yw n Spa
CO N anbYd pentad uroer M Nwrrel Linalion, and M Pamawdt
slaeade ny CernPe'ar.bn b Abe pia niter lee, wM w bore b.elude
aq anw l M e yed lace been da n aroer a
rra0 uM NnW LlraatlM b
such pip leer
Ss . 5.07 Seddon e03(b) An n ttles: Far prnpoaa asrtnne Spl .ro
SM. arnwAal pwblaad q M Empgar on bdeN of a Participant b M
padaea d o waaety wtwd dacnbed in selin 4M) a M Imrral
MNYe Code wM be tried a N a h Myra CprMldn Dwane Ci
p.raaon wrdw 64 Pan b M loupe iris, n w W M wwnaladn era
crab and wY Nr.q rSCi M maaram Alnyd nag May be dsanad
err arch laaba year
ARTICLE VI. NVES7YENTS AND ACCOUNT VALUES
Sactlan 5.01 kworounorw Y Do%"W Canp.rradon: AN aMamwa d
PwbyaraDamned Carlperaean meet by the Enplom n*OV Y pot,
any Aro rtpla prr em arch amAW and al aewn somhew, Nauru
well be M sea PmP" a M Empoyn use sees M be hid in Cub b
fincpam w a raw.rel Mifw M haemere dM Enpoart ob spa.
abra rindefda Nansuch wWny M to wojm b N Wane d gen r l
p.Obs dtto Euplom andw ila,eopwe a bnwbry wM h%m ag rYld
a Wawaaaaa.dwpww,edposib Milhmwdl barchpWerlya Mr
My Ciao apwnw N Empbr, etap n e parry wedaw
S.aael SA2 CrWNInp Y AaooafW: The P.ACQwIt Aaron, ya
N.rrnrNs end Wra of Te kwaier Am a OOrw pW "CbWnlad be M
Edplga harps M treeenad dN Parab.rSS Opr,.d Cw,wAnatron.
N Is srtldpwed da M Ef,ppra,S ammo ar4.m wpa, b a Fat9apri
eaoondix NMarrsrt pwwwp ArJad n M pwtrapa %JoYtlw
Aar no 4A naNrp Iywn wlal ea arlaua b r.Oran M En~ b
mb ry paaatw inwa,rre d• IVrbpAdtDeeamCanpereywr. Etch
FamapanewM noww Fenn* am his his, aPeey non wormy, ii
ap M Mnaanert iris of he Arbarnt.
Mepon 4A2 lhra4n: A transfer aD to w eplad earn n wppa SM
dwerred carperaii plan mlraind q wahw wrplgn and Credited
b a Pararpant Acpaat older Fee Plan, The Eft~ may repair, each
dwan.awbn hM N pedecaaa plan a e deanu W rSW Widsry b edecW
M trArww. b pNnmthe erar Athe plans an saga. gate arred Odry
prraeaon Fallen etlanM nwnirp Ofaec 457 dM Immw RewnrwCare.
Ciro b aseun NM baraMa bar p,Ondsd bower wen plan. Any wartr.ns
bred Malrt Mae not Ce tnaYad a s daerral wb W b N imwiae a
Arica V. wbWl ML for, papcm a applying M avAWCIa a SaCion Sp
arm W an amornt ddwmd during .nit lanW year wrier M Man Iron
wNc Neanbn4aowPledwenbehewed Maeheabrandearrsd urwer
M Ran Ming each Woae War Ciro cw p m,,w Card b, M tmrwera
M!0 M M be b all N N had ben Card by M EnlpCjw
EMbn 4.04 Emplorr UMEty: In ro ban shoe M EM"r% Msany
W pay Cereals to e Pancpad ry Ande V aawedM erns dM Mbrrm
a.dlsd bM Paadwnt Ayraurt: M Emply nag nd W axe b has
seeing darn depewem or sfaidagen M WA day namm, 004L ad
unoor M Plan.
ARTICLE VII. DENEFTTS
Saet1w 7.01 Retlromald Mregb or Election w S.wntbn iom
Swvlp: Eaap as aMrvri s pwided in Cis Aaca mi. M Cana of
M Paniawnll ACM 0 aY CMmrh aging M W wrO Cali mpm
after M awe of the Pan Nor of M Panc"m% eawwnan. Sro M OV,
lb n n v each Ra,aen bereft wan w made n amw m* wtn one d
M pey^en optrone dew^bed in S.won M2. Nawinwsmeng M bag0
Ing M PMbCwn may inwoway Sled e n n W days bearng sewn n
eM Sanxe tb hrw M dwnbuhon cl bonaft CwwnrCe r a doe dear
Mn tea desribea m M pewang ami wfvrJ, a w area fit days Ye,
M dp ArnCh*lWw 4 wirmmd in wrung bM Enio wM7 beii
bthe M nrvwa bA M atw Mn 50 drys era,M ebse Cal M Pan Year
Cl M Paraawdt wW mrrd d NC nsl Reamed Ape a Saamtn eM
S.rvce whpewr is Yer
NwIOn 7.02 RNMOM Opbn.: As pvAded in section 7pl .w 7D5. A
Panpiwd tnay east b here, M Wue of he ACC.bad attar
dents ern era a M bearing paymad op.wa. piece MI u ,Chin
s wwMd wile N aMatipre eat ion n Sedbn ?M
W Earwn,hilP aenrly,eMadbsfaae A send Its lra w ud
WWI q M Panapd, wlandnp ureM m Axgrd a ath.uelatl.
(b) One Many sun pWnerN:
1c) Acvr> A* spW rimy, gnaw, aanwW a arneN prfl am,,
wlcuW W b wnaue b. pwi0d Chan b. N Pau"nd.
(a) Pam" apual b paynam nab q M Mer d e ramad aatay
P06 Y scv,emd by M Empbyw.
W Any Ganef Payrtrrt CPW Wclad by N Pbramped aro agreed b by
N Empbrr
A Perini ale d a p&Mmn, Cpean mow b new w Wag 30 days
b.bre M Paynrwt a beMa Ga b wrra,rerba N A nmuwd laws b ma
a cony Wcecn d a P"re open, bf eA "bemid rrbrtvy vier
Won F) ewer b a Period d aw ran.
*0Cr 743 Llmllatlan ion OpdOf W: No wymnt dpnm may w Weeled
gMPMawd wwr S.dan 702 uN.a MpmwA aguedMp n&n%
b M Ponciwa. dwamand as C N tla4 oer A wmrar,a evCaeds 50
Pnwd Of N Wue Of M Pari Ax nt as d M bar w+r,a
tvrmwba Pawn r ba d". r DOW InMr fa soubm, a1W b made
pyfa AaNriutOMWWrd o,bhfabPactE awn mAypW am bmh
in aadim 1.7E4aTh Faft Ya.Vrra Tw Nap.YaIX�(a,rM lalowrar onto
y,ade b wdh mplsdmhq.
S,dbn TAaRoV,,S IYwtl DOOM NwlaBla: DOM h PWWMPWW
after b he, bpnb rota., bawTi ants a prymWa option h wmanolp
p WrWIL E Rk ads In, prymns option what be pepbM b m, Darin
Twat Banidwy owmrnari &. h 304ry Prod ow.MWN erBh
to Sin clef mlw h PW%mp,at dsah. umw tie Sandde7 mvi per
WWI ceder a dawn, pMraa opfwh Wain 3D drys dh PoUgentt dea,.
in no awe *W h Eff~ or ALI n be able b h SaebarY
for d gm&D d vy ors proof
roo made in of true bo h Peromm b,iwe
h boo, rsb nbas Powo deemd n Ancpwa Na *dlon er
h bnaorq. prymwe b • Bnaaoay ae, S adeM oW a Para bngv
hn R h taw(15) ant KIne soy i ar BAM" p r mp Paniapupt
,pagealmalyah►a nmu Nmae Jandu7ind a Pwtiapn,t gn d
Sov Bendaaryi ft"n,Imh.lovent tf asrner,, fNan (15)ded
tw N cy A dm wnnhe h Pond w a n pan o a sheen ell days.
hn be pwmae0n,adayhe ahp prima,udwfe ft d8liopao^
,Thaw b pa4 M a Imp can b h a,me d h Pannpsa. S h deapnaW
Bah,aaary aurrhas h PaUp" 4 a peniod of own (15) Myc bd doer
sW oDnmve to ass Ice h Wreirvho period of pgnem dda h pornew
opbn (w moaaW. N rwrmay M calanAy ant h tNa waahca of this
Damon), hn h cwrar w W. d any mor&r ng prymab under h pry
mew goon mW b pad M a koW sum b h epos d Ina Beneboary
Swoon 7.56 Ps,+,Umnwd NAM Solwh : 900 h Panc"m dM
papafr nw bapu^baeaehber+Aa Pa+dedby Se 7D1,hv0ue
d h PVNcpAat A[soua efhaA b pryads b h Benawary mmwhano
MmM h BDdey Penal carrewndnp on h gig drs do' h P&MCO rlt
dash, aMv the Bvrtcay news a dNbraa bnvM awaMnCemal hilt
wAhn one SD drys d the Pam'gaat dam. Suph bras mall b Pad in
ap".WWY oOD, MnWI WwAh bo she ywa IX ow ash goner
pwvd w my be rheronsry I, wane ma h summ d ON annualiwaa
naa a nIX Was fan SUM, udess the Benefc,y owls a chines pfPrem
opion whin SO days d the panidPmt deem. NdnWhm,6%h aepp
For. bergs dayaa, In, p wry ceder dMSalon oI eamerceroeras,
hnh alp MY eof h Ponti .Mom endrolafahn80 netlays Neer
h IaW d h wow dh Plan Ter M hfMen des penopAa awrod or Wald
nb, vlmed NomW P ,~ Age IX In, cow of h Plan 1Ysr m Mwh
h pancp,a wo Dw born ea no, A Bensacay alb nay OW a PY
mat option a,aaa Ito h ptmaord of Me prem&g wmrhae "I b
bamW w N he vale a PAnioPa for PuTaew d delefdnng the payment
oplme waiae ants Srt Mg. Womled. hour h the PWnal CPW
dawn by h Berefcay that Pm-dO for Pymem b h Sendriay aw
a period ro bW hn h ant apewency d the Senshay N IN Bast"
W a h Ponopeat smut and mu, p ft to, pgmem oar a Prod
fCtMawvdamen pS)ywmdh Bwwk yahaft Pamppaat Wane
Nn9 ore o, YldPna ps En no,
Err~
sor-
aan d the alas, • PAnr Pa mry OM b h Empoyer o r ft tlW
Pn ante due a fha accan fin i mAfonadr wWeO b sAaM h rwr
Box, reedf bch n APPnnon a appa,d byh En'~ h pvbopam
vW b pad arlY earn enhoua w h Empiger dead rhecaisry b mew
fa cW hwds nag, w prPnere sigh riot ore male o h wont hl h
alarOal hydmp than b hweedmm,Dn wvaNm d dslxm ants h PMn,
Maaaroa a of W mmbumnea, a Ipuida�on d dM swAd b h emahf
Gam W gg Wh "rid dwy wI awe ih ody fhwdahp om ubh nDe
apse v^aparcY IThaa b daehrhad b irWve PYY ohelArmehhew d snwe
arrciY hndmhq b h Psrticlpsa rwu4rhp Lam s asOdan whd unamanrd
aa,nn1
motto ,scan, a 6wbvy h PWaPrI P w N aapvda, ors dlerhaeh
52(U dh NMrhm nbenR OWNI d h PU,dpar,, low d h Pa
awp %papWY der Ic MARY, awM aMWv w4 eraaaanvy a,aawe
"mwnMroe, wing M a ML41 of ova byad h aaad d h Pw-
rppont The now b sand a PNrtidpolt CN01DaaMpa a b Padaaa S War
bafle aW nw be cae4aW YIAYMwaaa W WpartMe. Tfe dolonnWwen
w In wtM &An an whams" wr+Wq awe made b bM0 On h
d0b or each no," caw
ARTICLE vm. NON#SSIGIIAW-ITY
No PANopsM a Sonkdvy "ntw ON dos In demartAt. era, ~.
pladoa swans IX &NOW w Garay IX wa:aMv h noM b laCaisa ON par
mem nwsuMv, afich per mere and o9h%ae apewaY deMnd b b Wan
saYpnaae end ronvanavabM
ARTICLE DL RELATIONSHIP TO OTHER PLANS AND EMPLOYMENT
AGREEMENTS
TM, Plan wua M WdNon In ON of W nfrarrlaM, peniwwon. IX bon,St plan
a roan prey m "mence P bMnann WaarsMd b h bneM d h
Empo,,w%wrlpb,te4 ad pv4dpetian hammuder" na Nod I 1
able under ON ach plan a Ream. Nothing outs rod M ma Plan ens b
deonso to cman"an ernPUymea roman or ogn vnaa bvhawn ON ►er
Soipea aW h EmOom IX b pn, ON Pancpea the Wont b be nNoned m
h Onop, d h Employ, No mW aryhrg Man b oamruW b molly
Ina bmn of ON enolw ern Canso, a apawrW, oan,en A Pamppal em
to EmpbrW
ARTICLE X. AMENDMENT OR TERMINATION OF PLAN
The Emplga mb N ON are vwM this Plan paY Nat t LarrIXb ach
errendrhhenl M Wang b h Aa1lflmmIX v Map >D MYs par b h atbctiw
date of h wrWOMea. The o~ dtie Adm,ml w"I rot tie mQwFW
In ardor to nlch Oman~ b bran affecl.a. bun h A ngVWIX men
b uma nooapwon b aaanve wAng as Asa heaunder N I wasp
pans d wch amadmea. Tn, E,,~ mb v any one Wminae mo Pan.
TM Admll,ma m,y m ON v,, VO an rwMrwrn to tie Plan b, an
aenaraa M wpng RshWh,Mabh Emplger m him 30 drys babe h &Mal
Me fe of the amendnea Such erne m mW bacane ONO fne uaw6.
,bin au 304" panto. h EMOOM nodes h AEran,ma M Wang hf
a M,ppaes,X h alrielylrW,, m Mhdh Cal! Warhhenmrwt mW nd berme
afMCMa M tie MM d WCn daeppoN, h AMvlama N,I b undr no
wdiPNPh b aananx wring w Atlma,abr W, not'
No wnen~ or N ndd,On nt h Plan Nan onto ON PAnOPON d ary
nphn man most, b Canparaation dekmd odor, h Me dh YrenO^ea
a tamil ,
ARTICLE XI. APPLICABLE IAYI
Th s Plan mW b cMmnMd undo h Iran d fe ode er t tie Employer
a Iooaad am a amused waft h ,mrt fan n new mt raaurem,m d an
tapde 9,, deinad ownpera wn pen' hinder salon 457 of fe Inlenai Rev
atRwpoomble OWWdW M ft"Klndh of"Sa irwrp,W
Nerew Tomas M poaalrMy weft h rsouranhera a f W wNon
ARTICLE XII. GENDER AND NUMBER
ThemwcJne ponoun. alWW.n uNd Mon. mh„ innludeme kmnro pm
than, and fM onplar Yhv erAdah PLem, acw Male h caewn muss
olh n
APPENDIX B
DECLARATION OF TRUST
OF
ICMA RETIREMENT TRUST
ARTICLE I. NAME AND DEFINITIONS
Section 1.1 Nuns: The Name differ Trust, a amended and resorted hereby,
is the ICMA Retirement Trust.
Section 1.2 Definitions: Wherever they are used herein, the following terms
shall have the following respective meanings:
(a) Bytaws. The By Laws reteded to in Section 41 hered, as amended from
time M time
(b) Deferred Compensation Plan. A deferred compensation plan esadishal
and maintained by a Public Employer for the purpose of prwiding retire
mend income and other deferred benefits to its employees in accordance
with Me pro+isions of section 457 of the internal Revenue Code of 1954,
as amended.
(c) Employees. Those employees who participate in Qualified Plans
(oy Employer Trust. A trust created pursuant to an agreement between RC
and a Public Employer for the purpose of Investing and administering the
funds set aside by such Employer in connection with its Deferred Compen-
sation agreements with R employees or in connection with its Qualified Fan.
(a) Guaranteed Investment Contract A contract entered into by the Retires
ment Trust wml insurance companies that provides for a guaranleed rate
of return on investments made pursuant to such contras.
(I) ICMA. The International Cry Management Association.
fig) ICMuvRC Trustees. Those Trustees ceded by the Pubic Employers whip,
in amalance with the prw cons of Section 3.1(a) hereot are also mem-
bers of the Board d Directors of ICMA or RC.
(h) Investment Adviser The Investment Adviser Mat enters into a contract
with me Retirement Bust to prwide advice with respect to investment of
the Two Property.
(if Portfolios. The Pomolios d investments established by the Investment
Adviser to the Retirement Trust, under the supervision of the Trusees, for
the purpose of prwiding investments for the Trust Property.
W Public Employee Trustees. Those Trustees elected by Me Pudic Employers
who. In accordance with the provisions of Section 31(a) hereof are full time
employees of Public Employers.
(k) Pudic Employer Trustees. Public Employers who serve as trustees of
the Qualified Plans.
Q) Public Employer A unit of slate o local government, or any agency or
Instrumentality thereof, that has adopted a Deferred Compensation Plan or
a Qualified Plan and has executed this Declaration d Trust.
(m) Qualified Plan. A plan sponsored by a Public Employer for the purpose
of providing retirement Income to its employees which satisfies the quaifi
cation requirements d Section 401 of the Internal Revenue Code, as
amended.
(n) RC. The International City Management Assxiation Retirement Conti
ration.
(o) Retirement Trust The Trust created by this Decoration of Trust.
(p) Trust Property The amounts hand in the Retirement Trust on behalf d the Pudic
Employers in connection with Deferred Compensation Plans and on behalf of the
Public Employer Trustees for the exclusive benefit d Employees pursuant to Qualm
fill Plans The Trust Property shall include any income resutling from the Invest
ment of the amounts so held.
(q) Trustees. The Public Employee Trustees and ICMAIRC Trustees elected by the
Public Employers to serve as members of the Board of Trustees of the Retirement
Trust,
ARTICLE It. CREATION AND PURPOSE OF THE TRUST: OWNERSHIP
OF TRUST PROPERTY
Section 2.1 Creation: The Retirement Trust is created and established by
the execution of this Declaration of Trust by the Trustees and the Public
Employers.
Section 2.2 Purpose: The purpose of the Retirement Trust is to provide for
the commingled investment of funds held by the Put c Employers In connec-
tion with their Deferred Compensation and Qualified Plans. The Trust Prop
any shall be invested in be Poll in Guaranteed Investment Contracts,
and in other investments recommended by the Investment Adviser under the
superi of the Board of Trustees No pan dthe Two Property wA be meSed
in securities issued by Public Employers.
Section 2.3 Ownership of Trust Property: The Trustees shall have legal
title to be Trust Property The Public Employers shall be the beneficial owners
0 the portion of the Trust Property allocable to the Deferred Compensation
Plans. The portion of the Trost Property allocable to the Qualified Plans shall
be had for the Public Employer Trustees for the exclusive benefit of the
Employees
ARTICLE III. TRUSTEES
Section 3.1 Number and Qualification of Trustees.
(a) The Board of Trustees shall consist of nine Trustees. Five of the Trustees
shall be full time employees of a Public Employer (the Public Employee
Trustees) who are authorized by such Public Employer to serve as Trustee.
The remaining lour Trustees shall consist of two persons who, at the time of
election to the Board d Trustees, are members of be Board of Directors of
ICMA and two persons who, at the time of auction, are members of the Board
of Directors of RC Pe Civil Tnateell One 0 Me Trustees who is a director
of ICMA, and one of the Trustees who is a director 0 RC, Shall, at the time
of election, be full time employees d a Public Employer.
(b) No person may serve as a Trustee for more than one term in any ten year
period.
Section 3.2 Election and Tom.
(a) Except for the Trustees appdnted to fill vacancies pursuant to Section 35
hereof, the Trustees shall be elected by a vote d a mai of the Pudic
Employers in accordance with the procedures set font in the Bylewa.
(b) At Me fine election of Trustees, three Trustees shall be treated for a farm
of three years Mrs, Trustees shell be elected for a term of boo years and three
Trustees shall be elected M a tent of we year A each subsequent election,
three Trustees mall be elected for a farm of three years and until his or her
successor is electotl and qualified.
Section, 3.3 Nomination: The Trustees whoare full-time employees d Public
Employers shall serve as the Nominating Canines far Me Public Employee
Trustee¢ The Nomineprp Committee shefi ctroose candidates br Public Empkryee
Trustees in accordance with the procedures set forth M Me Bylaws
Section 3A Resignation and Removal.
(a) Any Trustee may resign as Trostce (without need fa prior of subsequent
socouning) by an instrument in wrong signed by the Trustee and Cornered!
W Me other Trustees ere such resignation shell be effeal upon such delivery,
or M a later date aaording tothe terms d Me inerumeM. Ary tithe Trustees
may be ramamC for cause, by a vote of a mai al Me Pubac Employers.
(b) Each PuNc Employee Trustee shall resign his or her position as Trustee
witted any days of Me door on which he or she ceases W be a full-time employee
of a Public Employer
Section AS Vacancies: The tens of office of a Trustee shot terminate and
a vacam, shall occur in the errand of the death. reagnabon, removal, adjudi-
Cost incompetence or other Masi to perlorm the duties of the office of
a Trustee In the case of a vacancy, the remaining Trustees shalt appolra such
person as they in their discretion shall see fit (subject to the limitations ant bet
in Mis Section), to serve far he unexpired potion of Me term of Me Trustee
who has resigned or otherwiseceased to be a Trusted The MDOMlmeM shell
Do made by a written instrument signed by a majomy al Me Trustees. The per-
son appointed mud be Me same typed Trustee (i e, Public Emphy m Trus,
W or ICMAIRC Trustee) as the person who has coat to be a Trustee. An
appommera of a Trustee may be made in anticipation of a wearmy to occur
e a later dMe by reason of retemeM o degree. pdsckdMet lochoppdnt-
ment shall no became effective poor to such retirement or resignation. When
lost a vacancy in the number of Trustees shall Oecur until such vacancy is
Wool as provided in this Section 35,, the Trustees In office regardless d their
number shall have all the powers grated ro the Trustees and shall discharge
all the duties imposed upon the Trustees by MIs Declaration. A written ineru
mend Conti the existence of such vacancy signed by a majority of the
Trustees shall be conclusive wide. of Me existence d such vacancy.
Section 3.6 Timeless Serve In Repnsentativs Capacity: By executing
Mis Dedandscn, ouch Pudic Employer agresssthal Me Publc Employee Trustees
Natal by Me Public Employes are authorized to act as agents and represen-
M. of Me Public Employers collectively.
ARTICLE IV. POWERS Of TRUSTEES
Section 4.1 General Power: The Trustees shall have the Power W conduct
the business of Me Trust and W carry on fa operabom, Surat power shA milude
but shall not be kmded to. the power to'.
(a) receive the True Property from the Pudic Employers, Pudic Employer
Trustees or other Trustee al any Employer True;
(b) enter Into a contract with an Iweemem Adviser wo,iding, among other
Mines, for the l'asladie rrom and operation d the Portfolios , selection of the
Guamnteed InsmaNent Contracts in which Me True Property may be irneoed,
aelecupn of Ma irnestrrcra for the Trim Property and Me payment d reasena
ble fees to the firmament Adviser and to any subinvastmem adviser retained
by Me ImesVnent /Wiser',
(c) review annually the polormance of the Investment Adviser and approre
annually the whereat with such Investment Adviser,
(d) insa and reine9 the True Property in the PonM4ae, the Guaranteed Intense
Contracts ant in any Ma imestrnam downimendetl by the lifetimes AMmer
W M iMuGng socumes esuetl by Pubic Employers pwiatl the A a Public
Employer has directed that ire, monies be inested in specified Portfolios or
in a Guarantied IrrveenwM Contract, dre Trustees Of the Retirement True stall
invvest such monies In accordance On such directions;
(a) keep won portion at Me True Property in camh,o cash balances as the
Trusteesfrom time W time, may deem to be in the bee interest d the Rtrire
mom True created hereby, without IiII far tmeree thereon
(p accept antl retein iw such birds as they may deem adviisabk any sewn
ties or other property recgwd or acquired by them as Trustees hereunder
whether or not such securities or Mar property would nommity be purchased
as IMBSimeMa hereunder,
(g) cause any securdes or other property held as pan of Me Trust Property
to be registered in the name of the Retirement Trust or in Me name of a nomi
nee, and to hold an, iaeemenk in bearer form, but the books and records
of the Trustees shall at all times show that all such imeatmeMs are a pan Of
Me True Properly;
(h) make, execute, acknowedga and Carver any and all documents of trans
ter antl comeyance and any and all other me urenk Mat may be necessary
or appropriate to carry out the powers herein granted;
(,) vUs upon any stock bonds or Mar securNes; give geceral or spatial pousa
or powers o1 attorney with or without Paver of substedon; exercise any con
,vino privileges, subscription rights, or other options and make any pay,
ments incidental Meelo; appose, or consent to or otherwise participate in,
corporate morgaruyations or other changes ethsctirq corporate securities, are
delegate discretionary pourers, and pay any assessments or charges in con
naction thwi ; and generally exercise any of the pourers of an owner with
respect to stocks, bonds sacudes or other property held as Pad of Me Trust
Property,,
(u enter into contracts or arrangements for goods or services mouiretl in con
neap with the operation of Me Retirement Trust, including, but rout limited
to awracts with custodians and contracts for the provision of administrative
services;
(k) borrow or raise money for the purposes of Me Retirement Trust in such
amour, and upon arch terms antl ccndtios. as the Trushl efxsll deem anions
able, provided that Me aggregate amours of such borrowings shall not Mall
30%cr Me value of Me True PropeM No Damon lending money to Me Trustees
shall be bout to see the application of the money lent or to inquire IND m
validity, expedienry of propriety or any such borrowirgi
(I) Incur reasonable expenses as required for the Operation of the carnival
True ant Cedual such enpenses from Me True Property;
fm) pay expanses properly allocable to Me True Property incurred in cone ec
lion with the Deemed Compensation Plans, Qualified Plans, or the Employer
Trusts and deduct such expenses hen the portion of the True Property to
whom such expenses are properly allac Itte;
IN pay out of Me Trust PropeM all real and pawnal property taxes income
taxes and Me tams of any and all kinds which, in Me oadon Of the Trustees
are property Ivied, or overal nd under ousting a future laws upon, a in respect
or. Me Trust Property sod allocate any such taxes to the appropriae accounts;
(o) adopt, amend and repeal Me Bylaws prcuded Mat such Bylaws are
at all times cunaeent with the terms of this Declaration al Trust;
(p) employ persons W make astrolabe interests in the Retirement True M
employers eligible W maintain a Deferred Compensation Plan under Section
457 or a Qualified Plan under Section Ql of the Internal Revenue Code, as
amended
(q) issue Me Annual Report of the Retirement Trull, and the disclosure docu
Name and other literature used by Me Pe ne mem True',
(p make loans, including the purchase of debt obligations. prodde0 Mat all
such loans shall beer Interest at the current manor rate.
of cormhat for, ant tltrspafa any powers granted hereunder to such dM1cem,,
agents employees audit. and attorneys As Me Trustees may select provad
Mat the Trustees may not delegate the powers se forth in paragraphs (D. (c)
and (M M Mis Section 41 ant may not delegate any powers if such College
Dan would violate their fiduciary duties',
0) proide far the indemnification of Me officers and Trustees of the Pessimism
Trust Mar purchase fiduciary insurance.
(u) maiMen book and words, inaluding separate accounts for soon Pudic
Employer Public Employer Trues or Employer True and such addeional sect
arate accounts as are required under, and consmant with, Me Delenetl Can
pensebon or Qualified Plan of each Pudic Employer, and
(y do all arch lock, take all such proceedings, and enemies all soon rights
and pmileges although not specifically merlon l Herein, as the Twoees may
deem Necessary or appropriate to administer the Trust Property and to carry
Cut the purposes of the Retirement True.
Section e.2 Distribution of 1 uet Property: .hiprfions of the Trust Prep
any Shall be made to, or on behalf of, Me Pudic Employer or Pudic Employer
Trustee, in accordance with the terms of the Deferred Compensation Plans,
Oualified Plaice or Employer Trusts. The Trustees d the Retirement Feat shall
be lully proached in making payments in accordance with me direch om, of
Me Public Employers, Pubic Employer Trustees or other Trustee d the Employer
Trusts without ascertaining whether such payments are in compliance with the
promworo of Me Deferred Compensation or Qualfied Pans a the agreements
creatirp the Employer Trusts.
Section 4.3 Execution of Instruments: The Trustees may uranimoudy
designate any one or more of the Trustees to execure arty instrument a di
ment on distant of all, including but he limited to Me signing or endowment
of any check and the signing of amy applications insurance and other con-
trada, and the action of such designated liustee or Trustees sharl have Me
same force and effect as it taken by all the Trustees
ARTICLE V. DUTY OF CARE AND LIABILITY OF TRUSTEES
Section 5.1 Duty of Caro: In exemiwng Me powers heeinWore gmmed W
the Trustees the Trustees She perform all ads within their aumority for Me
vo usive purpose of prwidiw benefits for Me Pudic Employers in connec-
tion wilt Ceramic Compensation Pans and Public Employer Truceas pursuant
W Oualified Plans and shall pedal such acts wiM Me care, skill, prudence
and diligence in the circumstances Men pre.eiling Mat a prudent pinion as
ing in a like capacity and familiar with such matters vcdd use in the conduct
of an enterprise of a like character and with like aims
Seetlon S.2 LlabllUy: The Trustees shall rwt a: Bade Wr airy mistake of judg
mein or other action taken in good With, and for arty action taken or amnnd
in reliance in good faith upon the books of account or other records of Me
Retirement Trust, upon Me opinion of counsel, or upon reports made to Me
Retirement Trust by any d its officers, employees or agents or by Me Invest
mein4 isar or any wbinre9ment adwher, acmumame appraisers or other
axper5 or consultants selected with reasonable care by the Twines , oncers
or employees of Me Retirement Trust, The Trustees shall also rot be liable for
wry loss suclurced by the Trust Property by reason d any imestrnem made
in good farm ant In aaardame rah the standard of rare set WrM in Section 51.
Section 5.3 Bond: No Trustee Shall be dYigated 10 give any both or other
security for Me performance or any of his or her duties hereunder.
ARTICLE VI. ANNU. -DEPORT TO SHAREHOLDERS
The Trustees enan annually submil W Me Public Employers and Public Employer
True es a wriaen report of the transactions dote Retirement hit, their finer
vial statements which Nell be certified by Independent public accountarrb ono
win by the Trusreea
ARTICLE VIf. DURATION OR AMENDMENT OF RETIREMENT TRUST
Section 7.1 N71Mmval: A Pubic Employer or %blc Employer Trustee may,
at any lima withdraw ham this Reelremem Turf by dstilering to the Board of
Trustees a written statement of wandewal. In won statement, Me Public
Employer or Public Employer Trustee shall acknowledge that the Trust Prop
any allocable to the Public Employer is dehvetl from compensation deferred
by employees of such Public Employer pursuant W a Deferred Competes
ton Plan Or from contributions to Me a dourlls of Employees pumam W a
Oualified Pan, and shell desgnade the firenciel insMWon W ii i in such property
shall be Ministered by Me Trustees of Me Retirement Trust or by the Trustee
of the Employer Trust.
Section 7.2 Duration: The Retirement Trust shall continue until terminated
by Me vote of a Maprny of the Public Employers each casting one vote Upon
termination, all of Me Trust Property shall be paid our to Me Pudic Employers,
Pudic Employer Trustees or Me Trustees dMe Employer Trusts as eppropriare
Section 7.3 Amemlimeru: The Retirement Tug may be ameni by Me wee
d a majority of the Public Employers, each casting one vote
Section 7.4 Procadurs: A resolution to trimmers or amend the Retirement
Trod or W remoe a Trustee shall be w1uhma cl W a sure d Me Pudic Employee
t. 0 a majority of the Trustees so direct, or, QI) a petition reRuesh, a iota
signed by trot less than 25% of Me Pudic Employers, is submitted W the
Trustees.
ARTICLE VIII. MISCELLANEOUS
Section 8.1 Goyeming law: Eicept as otheM'iee required by stare or local
law, this Declaration of Trutt and Me Retirement Trust hereby created shall be
construed and regulated by Me ewe of Me District of Columbia.
Section s.2 Counterpart: This Declaration maybe executed by the Pudic
rs Employeand Trustees in Mo or more coumerpans, each of which shall be
deemed an original but all of which together shall con wthe one and the same
instrument.
APPENDIX
TRUST AGREEMENT WITH
THE ICMA RETIREMENT CORPORATION
AINEDIp1T meda byrwd OlhwenftEmow read inth, arched Ian
Mori arld as InWnebwW City Manmi h ra As..W Rw a w,, Capra,
Yon QwwWW as spar' a Tratrwa CaparmT, a no prrl capon
W crpead and aaaarp ceder as laws of the Saws d Delerwa br as papas
a bwanp aro ONW-r adyribdnp tla bns W Id, ay En91wi , in
cc nrMn wan daMred cIXnpenWim Plea maarad undo roaon 457 d
the Irwrlol RwaroaCads a ISU (YIe T4W, Ai rolwnwre ollat Wa olrd
Won a cilica ca by flu Boar Of r appoirrhim K by he Empbyer b aena
r llree b accoodence nale.IM as W bmn in tlM alacMd laaolulion.
T hilill , Ms Enplgw has wbbwshed a dwl n on .,—ramplan under
slim 457 of the Code Ma T9nT;
MNEPII^ in IXbr Yr Mew all he W xim rlds aw,i 4 :: iliadarge
Ya Empbywa cIXardual otaproa altler Via Plan, Via Emagr.' dsbr b
yWylilds �p�w*ft ly ama+m avuel b Mmorn d e.canperirlan d*rr d:
8, Ya ands W aalds.. bgWw aft, any and ON art darned Iran
Ms'cruces Herd. an b be sGuesely whin da dmiaon, Cosnl. red
ownerap df Emooyw. pro subject tithe EmOotara atadpb ripe dwan.
bawd. ro rlPloyar hewry any irirm whdrewr Msnin;
NOW THMPOFM this ASneram waraaii"(a)aw Empgar wN pay
maws b as l amsw b W placedin dsbrra0 a mpmarm aotburb apt Me
Emic,am : (b) Ma Tube CMari f: a wall hdtl rid era pro any other
bras which a may raone MneWer, in true for Ina us and purpdss and
Wm Me lames and cIXnIEIXw herairlYM sad: an (c) the pear hereto adme
as togas'
AaTTICLE 1. ODIERAL DUTIES OF THE PARTIES
Er11on I.t Oaatr DutyrOWEitpby r.. The EnpyarolWnalampu.
air pwiodic paymeras oqA b the amours of in Wooiar' ownpaaaaon
wNoh m durred in aabr4ncs wan Ya rrms end condcons d Mw Plan
W Ma area art Kum alnpumr as b W WWWW under as That,
$@CU t72GW W DubbrNa?AWM: the bare olaa addrbins
ncaned ay 4 helWnd.n, wick, bDaaur wrlhe iaana Marolran, crotch
gar as lur Funds hand scimidbr Me lop Fund& oc- as inrona
Mead. all nab paFrwi Omaha n,All r haanabr prwitlr The Was
brrrapoldrllrlt F%ii wichasbs b bar Wo j,,,e
by Ya E-PIWW Yon awand ddw and mrrpmmon aMnpanerr win r
Emplasranargaing n. r rcYm 4P Offal, Ced&&ch lye Fab
"ba arAlid b IN of ft axons era pswwoa of this ADwwri
MfICIE S. POMIFgSA DMMESOFTIETRUSMIN WYESTwff,,
ADMNJWnW#ON. AND DWURSLVM OF THE TRUST
PUNDS.
Section 2.1 Rsaablant Paver and DuHm of the W uSi The Tw
b doe hew Via paver b an" and Minimal the praCq* rot incIXa of
oche Funds pro bap Ma lea FuhChl d,-OW dr tatwom
abesPr sal acona. in reurla i; a w other papery, tW a panaorlal, war.
war ababd, naK60, bW not Iwlaadb alcic. cram a pdwn s. baft
rancor amwiy and mimmi cs po icir. rrmpepr. aro caar Meanpas of
Ydebbdw a wrnemNA bawn hI cmpariw COImm IX pswhta funds,
W rpasls and Wbrenl VM of turoa (rccbdnp wluh, boo hcIXnq wNrn
MIa ncwarws aaband Mcol ScmftyWIW laws IXcned, hawwr Met
Ms EmpblW may &W urethan byt loam anorp waaaae inwbam
aaer whin" in Wdl plopaana IN the Eel PWM Wliaa®s in wnwcnion wan
r dabrwd mmpereron aDarwaa with r amploym For Mrs papaws,
Mar Tsp Funs may to Wmninprd at h Must Fags m Wde by other
Enpbwispaeaabaatwmadap Reanarriamthe Inasbaraprows
wrbd in tla TUaYe p as Sacam may be he dabgbd ay as Tr W a b ery bnk,
byy fta. bIXbllYMnparrF IXarb nnalEneraadllYan rn1a11apwn IX 1pwm Weaed
.
Saatbn Ys AlArdat Ww Pbtrn a Nra nuw.: The liara cola new
Na poor in IN depeaIXn,
W To Pura, a Wharfs b( arM aaawabs a paw plopry &W b
rain tlr arm m bop.
(b) To m, rcianpa oawan,. bends m oh wia dwOcr d win aac,, 4
ON IX cola' Plcrrty hold by a, by prhar conu ci. IX r sac aucaon.
No arson dram wain as Juba rr be balan b re da aGrcam
dap Plw MMWWIXbhKM bb Mawadyapsdancy,cria ph.
ay of ary eon waa pr char da)aDm.
(i b was upm cry oloda. ban& or caw aruralr: b pia Oaarr a
W¢lal parba or pawls of ebony wan a wahaA power of Wbsabtim.
b aweda any pawwolon pnu6pew Wbbdphen r ft or othrr cpum,.
ana b mews cry ps""Inr nidparyl array: b McCaw. a b caawm b
a chMwr prdcpols in oarpIXas tapgnmaa a otlw daryr ern.
W WWW aaoudar. and b dolapb demob cry apwan arob pay
ry rarpnNi IX a W pr in cmnKbm a,,wan. all pwnaaay b",
Oft AN dine paws ran pare wan aspect bft bone runs
a other POM ly hold as law cI as list Fund&
(dToc waawrywrundasarawpwgrtyo wbrowndnaTapFyndw
bin tracedWintscsn amR all badd mh inwrrwbi wannbh,.
bd da booty aid nscaa d as brow olnn r r arcs snow don r worn
bwaWaM an a Ian of an lop Fulls
(•) b batai a wit mIXay br der punpo a of new lop w ea h amWm,
all Wm ram arc win amdlonr, rtla ihras tall dam edyaaas:
an.ball m rimmu icy
ram .W hawtl luolea, and
a scar ip laarywam char l ft luD r. a ery oW.un a na Top
Fords.No pareminonsy mart' brabrew ft ay,wMbah, tla
armyion d wa many bon a b bgan Yao b wadaY. agdrncy a
acPiaY ot cry ouch Oowawp.
M b by sum Pomon of Va let Fab In oN w mh bolsner as
la lbw' ban ra b cra. may den b W in Ill bap wrap a Me
lop clabd MrabY, wYnad eery br irrrsd swam.
(a b aooapl and ruin for wish ba r a may dwam edwmb all mvh-
arc one, propeny naiad a aorind ay a rllrae MapHx, abe0tr
IX W elph rcurMF IX OMa prpary wod l nanWy be i1VRMad r
bwaMn i nl Ileraur tan,
6t)b weal mmft edebw, - and daMr Saw and M Seasonal So
eYllla sold maMrba and any ad a dw asaNnaM dice way be
rang or aePcpci,,a,, b canY out h powM{ Main paMp.
p D oa6A oplpmM. a al& M b albb" any dnn. dMM, a
a ftakoe s*WrMm bantlfalU,,l Subs:bwrrarrms mFunLt
Musa aft
albnpnaanae7MFurb
n d aua and hpa are adnOYNasn pncaadnga
p Statement macaw* laeoaadrp adaadeaaoAhFWM
and paYl,,paa although not spadauly cr —Woe Man, ea ae Tee
weer Caen 11olseacey b colonel to Ito Funds W b carry put the
paps ra"Ito.
Section U Dish bud, born tree 7aM Fonda: The Enpiysr haaby
oppdrM alit lumna -agent for to pupuse of rrosFp constabro horn
hlea Fulantwit Mgadaebona ad CWCf Mbitnhplop
w b GUMP and verbal ties lush& posse,
Seabn2.4TbhmbnrS,,MFay.: NleM aywmdValdson
Dau daagrsbd by to Thal IS, VW shas satyr iro to wtla of he
lrr Fogs IwM of Ion lur FUNS sMl be sauna As ha man* woes
a the clod of blcru on he VMeawn Dona a, n he absence a ropily
aaewehnascnKM`Wl ntwlwaa MWdewmiM.Sccwdr it
myeb owner* -Masan and ui ownly spoke.
ARTICLE tit. FOR PROTEMON OF TRLlW=
SWUMft M Evidana of AWM bT FMO&pr.. TheTnwke may cony Son
"we notice a clracaon Wrpwongb have been agrod on behaa
done Employs whw Ion Tnree bMem M have hewn agrod by a ddy
daagllstad atieaa a Ion Enaaya. No wrnanunwwion M*I he bir6rq coal
ay of fM That Funds; or T,Mae once May ore nWo,ieeE by ce Truaee.
SeeNon 22 Aar. rCerr el: The TicrMnai oeraA ahanyfgacam
ow wit near? to to eOrWrlretipn IS hive Ap tment, M dialect Maunder.
a ay ace. Wish i pmpoea, n ale a ana. ad Nor M he wads b weer
adian ban a anima in good YN peewee - loan aauice
Secdon2.319a062anpra► lbel w "M ordreyranadleeeale
Wwin good
1 h.Tnolb Wee aM mmadjudpronla Raba
•Ian n Wee ban. the lutaee Nor not he table b am, loos auYeinetl by
ee Suit Furls by neaae d any +male mace in god can and n acwo-
once wit da palls d ae Apsarod.
The luneb CNae and obsgaau MW a Wmd b hale opaWy
nod coon a by ail Agnananl.
ARTICLE IV. TAXES. EXPENSES AND COkWENSATION OF TNUSM
Seabrt 4.1 lea: The lcdee Nor asdct ban aM cage egad as Tun
FaN, an, tam on he least Funds a he insane veered or which the Wus-
,,,,e a wound b pay each n,pacr b ale idlest d aM pawn haan.
SayMf 4.2 Eap@Sm= Ts Trrea NMI dadua horn aM wage agad
ee Title FUN,, areaaacWk tamwesw not vidTry he Waal in the sornwae
satin ado Tor Fund, Reel co mad. apaay ineMren aduacey, aM
other dacaaaal 1
ARTICLE K SETTLEMENT OF ACCOLWTS
The ludo sly hero awuae and CMMea attwas of a WWWW M,
wraps dabuaana4 and don Innadioro henuM
WMhn Nfiy(Sy days Ma the does of each fait yes. the la Nor row
deer in opsrya bats Empbeer an sawn of as weal ad bnecwre uTru,
r htaeafae, Mary pat tithe Tuts FUM Ns: bee iwad0 hraph aemaaum
d ay eamnfon, ala canninglW `i r Funds the aw wheal ,con
d aiadt Intel Pochs also
be aybrrrW with aY nearo, al in Iho, aowud.
a wensrosyplydrysaeaharrnang dfM acwsa wonaccon Wsowers
he Empger Ion r!d awe srah tie Wl o nd-e d any cissne l b wry act
a bareaoTan d ps lullla M sawn a nrlendee aoea+m ,,het became
an risen Moc, a any obpaon his; been fast ad a tie Enployer is eaa,
sepia a awac be wdNrarn Is a the awcud a We+WE So he Employed
aaaabdion, Ion Empluya Nor n al bed all the Ware WAY APpwal
Sit tie s m W it ahem becane an a N clad.
When W account bawrro,, on aowun M. itch a MNW WfiIWY
aaead.ad"TMeaah,,llWoanp. ydmAwgodadr W.eaa Wch
proud had own start and a1and by a Frdip an or deem of a coon d
aapMMa N+Mm^n WaaW aDnooaadcq In WMh to vu and the
EnWqor wwa pass
The lul,,e NY him ha rive b Spy a ay 0 So cam Cow~
6aadiclNn for ae IdOW 0aaeesa Of MI wawa.
_.ls.c I Fill ._ _..._.._v_•
Section 6.1 RaagnolM of Thai) The lnrea may onion a aN Ime
by Sing with ae EmpnyM M wnbn nalprdion. Such row"ion Net seas
olbd asy (11D) drys Fan to do d itch OV and upon appointment of
a s aucasM purswra b section 62. whdleer Nor al owur
Section 6.2 Ramosel of Ww M: The Employer may snow ae idea
a wry Imo, by dallwnro-the Truces a who rlctice d M canal aM an
ppdrbrod of a arwcaor papea b So,dion 65. Such raowN Mee not
We ehea once b ady 16M drys Fan itch deal fs he lWsit press
b an Sam, Meow d,,b
Section 6.3 AppantmMt of Srlroea w Thaba: The apocamirt IS a
elw , b the Taal MW we Mks upon he ow.wry n the Truwsed
(a) an Weherel in writing aeecdaa by Ion Ens -rho, appdemp Seen we
Cee and soroling arch pbwba ban aabhly b the acts and MIS
sae d M peck ..ad(b) an acceptance in wing, eectaw by such
auoceenr
M d She prodapm M bh Man with aped as the T oKm "I Male
W each tucMbor with to Sere Ipce ad abase as it Sel aceeasor had
been originally Iwrad as Vu herWnda
as ,,mwranot apposed Whin ady Rd) drys Nee the Truaae pries
mice din Mapiation punamb Sacapn 6t, ha Thew may opoy m any
won d cwoi Aodaon b appolramenl d o sucoascr.
Section 6.4 Tmnsfar of Fonds b titraaeeaer: Upon the o a goal a
canal of the Tunas W appdrsrom of a Wcwap, and aM the Met
asSYd of the T W ea hew been tonically weal the TrUYe Nor haMer and
dainer ay d the low Fund, imdsed b itch accuses
SeaUan 7.1 DIIMOM end RaYodeon: TM Ave NMI mninue to, ,,um
bnf: u may be nacapayb cwmpsehlhe pt pole fa whits a was e
can nay be earshot or rwaed a ay Me by On Empoyer as it Metes
bay adlor a coned paradpaing Empoyaas. Within notice dash wmi-
rWcrn or Iwwlion Nor W pion to Ihe Twfae by he Empoll Upon ion
womon or nacacalbn of" TAM, all of he n alaaot Nall Man to ad
non to ce Employer Tenniniall d nit True Nor not. hewswil Will the
Emp,wd the En ), concreting collation b pry dMaed conoensa
son at Employees in accordance, win the emu of he than
Section 72 Amendment: The Employer Nor hen the nght to aronO the
Alinement In whole ad in pM bur way with the Wuueas when consent
Any itch anedmarn "I bcom ~I" upon (a) Corny to the ludae
d a wean idharil of ncendnerq aM (b) tit sMao,arom ay he Tom
M cn won idnmenl of M wroad ammo
ARTICLE VS. IMCELLANEouS
Section e.1 total of the DkUM of Cahw" 1e Sararn: TtiS Agra,
rhea SW he Wt* hereby erased Nor be comn dW ngdeed by he
Iran of the Dwnd d camas.
Section6.25caaapsErnPWyww. the Employer'Kaliidude arty pa
aw Wit acmaM ha Enaaoyer aM won aweby becomes ubjW b he
obsgaioru of ae Employer urtla the Plan.
Section 6.2 WWWrWAWc The Employer may, a art, tins and him nine to
arts wihcall a pwiw or 0 of Tuta Funds coal by his Agreemam
SWtione.a OWWIWWWMMdW.. The mMaronauaesae brtinro sea
ae anguer induabhe punl ursu ha coned rWdhs anther Honing