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Reso 1997-0023
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Reso 1997-0023
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Last modified
6/3/2015 11:04:53 AM
Creation date
1/25/2006 1:55:58 PM
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
97-23
Date (mm/dd/yyyy)
11/20/1997
Description
All Employees/401 Money Purchase Plan, ICMA.
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<br />Plan # 9853 <br /> <br />7. <br /> <br />CII~tor:!y <br /> <br />Employer understands that amounts invested in the Trust are to be <br />remitted directly to the Trust in accordance with instructions provided to Employer <br />by RC and are not to be remitted to RC. In the event that any check or wire transfer <br />is incorrectly labeled or transferred to RC, RC will return it to Employer with proper <br />instructions. <br /> <br />8. <br /> <br />Rp.~roo~ihility <br /> <br />RC shall not be responsible for any acts or omissions of any person other <br />than RC in connection with the administration or operation of the Plan. <br /> <br />9. <br /> <br />Ierm <br /> <br />This Agreement may be terminated without penalty by either party on <br />sixty days advance notice in writing to the other. <br /> <br />10. Amp.nr:!mp.nt~ ;:lnr:! Ar:!jll~tmp.nt~ <br /> <br />(a) This Agreement may not be amended except by written instrument <br />signed by the parties. <br /> <br />(b) The parties agree that compensation for services under this <br />Agreement and administrative and operational arrangements may be adjusted as <br />follows: <br /> <br />RC may propose an adjustment by written notice to the Employer given <br />at least 60 days before the effective date of the adjustment and the notice may <br />appear in disclosure documents such as Employer Bulletins and the Retirement <br />Investment Guide. Such adjustment shall become effective unless, within the 60 day <br />period before the effective date the Employer notifies RC in writing that it does not <br />accept such adjustment, in which event the parties will negotiate with respect to the <br />adjustment. <br /> <br />(c) No failure to exercise and no delay in exercising any right, remedy, <br />power or privilege hereunder shall operate as a waiver of such right, remedy, power <br />or privilege. <br /> <br />11 .- Noticp.~ <br /> <br />All notices required to be delivered under Section 10 of this Agreement <br />shall be delivered personally or by registered or certified mail, postage prepaid, return <br /> <br />
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