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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 />