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Last modified
2/23/2016 2:19:28 PM
Creation date
10/1/2015 1:31:25 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/21/2010
Control Number
2010-320E
Agenda Item Number
12.G.5
Entity Name
Florida League of Cities
Subject
Deferred Compensation Plan Amended February 2009
Florida Municipal Pension Trust Fund 457 Deferred Compensation Plan
Supplemental fields
SmeadsoftID
9174
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Florida Municipal Pension Trust Fund <br /> 457(b) Deferred Compensation Plan <br /> 17. 17 Power-of-attorney <br /> A power- of- attorney cannot be effective for any purpose with respect to the Plan unless <br /> the Plan Sponsor determines that the power-of- attorney is acceptable <br /> The Plan Sponsor shall not accept a power-of- attorney until the Plan Sponsor detennines <br /> that the power- of- attorney appears on its face to meet all of the following requirements : <br /> • The power- of- attorney was made in a form and manner that is legally enforceable <br /> under applicable law . <br /> • The power- of-attorney indemnifies the Plan Sponsor and the Agent and every person <br /> who may rely on the power- of-attorney against any liability that may arise out of the <br /> Plan Sponsor ' s acceptance of the power- of- attorney or any person ' s acts or <br /> omissions in reliance upon the power- of- attorney , even if revoked ( including <br /> revocation by reason of the maker ' s death) . <br /> • The power- of- attorney expressly refers to this Plan with sufficient clarity so that the <br /> Plan Sponsor, in its sole discretion , believes that there is no confusion or ambiguity <br /> concerning whether an express power to act regarding this Plan was intended . <br /> • The power-of-attorney unambiguously provides one or more powers to act regarding <br /> this Plan . <br /> • The power- of- attorney meets any further requirements stated below in this Provision <br /> or otherwise under the Plan, and meets any other requirements reasonably requested <br /> by the Plan Sponsor. <br /> Without limiting the comprehensive effect of the above, any power- of- attorney , including <br /> even a general power- of- attorney, cannot be effective to make or change the Participant ' s <br /> Beneficiary designation under the Plan unless the document, in the Plan Sponsor ' s sole <br /> opinion, expressly grants power to make or change Beneficiary designations under this <br /> Plan and refers to this Plan with sufficient clarity so that the Plan Sponsor, in its sole <br /> discretion , believes that there is no confusion or ambiguity concerning whether an <br /> express power to act regarding Beneficiary designations under this Plan was intended . <br /> Without limiting the comprehensive effect of the above , any power- of-attorney , including <br /> even a general power- of-attorney, cannot be effective to exercise any right or privilege of <br /> investment direction under the Plan unless the document , in the sole opinion of the <br /> person that is requested to give effect to an investment instruction , expressly grants <br /> power to act regarding investment direction under this Plan and expresses the principal ' s <br /> (Participant ' s or Beneficiary ' s or Alternate Payee ' s) knowledge as to whether the <br /> attorney- in- fact is or is not a Registered Investment Adviser and refers to this Plan with <br /> sufficient clarity so that the Issuer determines that there is no confusion or ambiguity <br /> concerning whether an express power to act regarding investment direction under this <br /> Plan was intended . For the purpose of the preceding sentence , an investment advisory <br /> Florida Municipal Pension Trust Fund <br /> Florida League of Cities, Inc. <br /> Page 53 <br /> o2rotizoo9 <br />
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