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09/19/2017 (2)
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09/19/2017 (2)
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Last modified
5/1/2025 11:17:33 AM
Creation date
11/14/2017 9:45:16 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
09/19/2017
Meeting Body
Board of County Commissioners
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ARTICLE I—PURPOSE <br />The Sponsor adopts this Agreement on behalf of the Plan and represents and warrants that the Plan is <br />intended to meet the requirements of an eligible deferred compensation plan under Section 457 of the <br />Internal Revenue Code of 1986, as amended ("Code") and intends to keep such Plan in compliance with <br />the then applicable requirements of the Code. Further, the Sponsor represents and warrants that the <br />Employer of all individuals eligible to participate in the Plan is a state, political subdivision of a state, or an <br />agency or instrumentality of either. <br />ARTICLE II—DEFINITIONS <br />Account — The trust account established herein by which NTC will hold the assets of the Plan or any <br />portion thereof as agreed upon by Sponsor and 'NTC. <br />Business Day—A day on which NTC and New York Stock Exchange are both open for business. <br />Effective Date — The date on which the Account is created by NTC's acceptance of cash or other <br />assets on behalf of the Sponsor. Prior to the Effective Date, NTC shall have no responsibility hereunder. <br />Employer(s) —The employer(s) of the Participants in the Plan. <br />Funding Vehicle(s) — As permitted by applicable law, may include one or more (i) group annuity <br />contracts, (ii) mutual funds, collective investment funds or other securities made available under the <br />Agreement, (iii) securities held in self-directed brokerage accounts made available by NTC, or (iv) any <br />other investment vehicle(s) mutually acceptable to NTC and Sponsor via an amendment to this <br />Agreement or separate schedule. <br />Original Signature —An authentic, hardcopy, non -reproduced signature of the Sponsor or its designee. <br />Participant — A person for whom benefits are provided under this Agreement, in accordance with the <br />Plan. <br />Plan — The Plan identified on the front page of this Agreement, including any written plan document and <br />trust provisions. <br />Required Format — Acceptable format for submitting information to NTC as prescribed by NTC and on <br />transaction forms prescribed by NTC. <br />Signature — Either the Original Signature or an Original Signature that has been replicated by <br />photocopy, electronic means, or fax. <br />Successor— The trustee or custodian appointed by the Sponsor who succeeds NTC. <br />Written Instruction(s) — Any notices, instructions or other instruments required to be in writing (with <br />Signature or Original Signature, where so indicated) from NTC, Sponsor, or its designee. Written <br />Instructions may take the form of a letter, electronic communication through an on-line communication <br />system mutually agreeable to the parties; or a facsimile transmission. <br />NRS (0712007) <br />-2of9- <br />P5 7 <br />
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