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Florida Municipal Pension Trust Fund 457(b) Deferred Compensation Plan If the Participant designates more than one Beneficiary, upon the written request of any Beneficiary or upon an approved claim payable to any Beneficiary and not all Beneficiaries , the Plan shall maintain a separate account with respect to the interest of each Beneficiary, beginning as of the next Valuation Date that occurs after the Beneficiary ' s request or claim is received by the Plan Sponsor . If a Plan- approved Domestic Relations Order applies with respect to a Participant , the Plan shall maintain a separate account for the interest of the Alternate Payee, beginning as of the next Valuation Date available after the court order is determined by the Plan Sponsor to be a Plan- approved Domestic Relations Order. A Participant ' s Plan Account shall be reduced to the extent that any portion of the Participant ' s Plan Account has been paid or set aside for payment to an Alternate Payee or to the extent that the Participating Employer or the Master Trustee or the Plan Administrator or the Agent otherwise is subject to a binding judgment, decree , or order for the attachment, garnishment, or execution of any portion of the Participant ' s Account or of any distribution therefrom . The Participant shall be deemed to have released the Participating Employer and the Master Trustee and the Plan Administrator and the Agent from any claim with respect to such amounts in any case in which any of them was served with legal process or otherwise joined in a proceeding relating to such amounts , and the Participant was notified of the pendency of such proceeding , and the Participant fails to obtain an order of the court that relieves the Participating Employer and the Master Trustee and the Plan Administrator and the Agent from any obligation to comply with the judgment, decree , or order . Each Account statement or Confirmation furnished by (or on behalf of) the Plan Administrator or the Master Trustee is intended as a legally significant statement of the Participant ' s Deferred Compensation. As to each Account statement or Confirmation , if, by the date that is 180 days after the date that the statement or Confirmation was mailed or otherwise sent or delivered, the Participant ( or Beneficiary or Alternate Payee) has not delivered a written objection as to the accuracy of the statement, the accounting reported is then settled and conclusive and all account stated. If an objection to any Account statement or Confirmation is withdrawn or is adjusted to the objector ' s satisfaction, the accounting is then settled and conclusive and an account stated . To the extent that an Account statement or Confinnation is an account stated , the Plan Administrator and every party acting under the instruction of the Plan Administrator is discharged from any liability that might otherwise arise out of the Account statement as fully as if the Account had been settled by an appropriate court proceeding . Without limiting the comprehensive effect of the above , if an Account statement or Confirmation furnished to the Alternate Payee shows the amount segregated to his or her separate sub-Account under a Plan- approved Domestic Relations Order or other court order if, by the date that is 180 days after the date that the statement or Confirmation was mailed or otherwise sent or delivered, the Alternate Payee has not delivered a written objection as to the accuracy of the statement or the objection is withdrawn or is adjusted to the Alternate Payee ' s satisfaction, the accounting reported is then settled and conclusive and an account stated , and shall constitute a release of any obligation Florida Municipal Pension Trust Fund Florida League of Cities, Inc . Page 7 02,'01 /2009