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<br />IC, M:\
<br />l{ 1,71'I I{ EM 1:, N q'
<br />COl{ 1'()I { A' l'l(1)N
<br />
<br />PROTOTYPE MONEY PURCHASE PLAN & TRUST
<br />
<br />I. PURPOSE
<br />
<br /> The Emp~cverherebyadoFtsth,sP;anandT'ustto 'ovide funds for
<br /> ils EmD,o~'ees' rebrement, and :o prowde tunas for their Eene[ioaries
<br /> m t.'-:e ev(nt of de?Ah. 'the benefits prowOed m lh~s Plan shall be pa,d
<br /> from the T'uSI ' he Plan and the Trus~ forming a part hereof are
<br /> ad:.pt~, a"d si',,:' be ma,r:~'.nec ~or the e~clus;ve benefit of e~ig~ble
<br /> E.m, r~cyses and the,r Eer.~hoa:,es. Except as prowded m Section
<br /> ~2 £.3. r.o [ad of the Trust sha~: revert to the Empicyer o: be used
<br /> for or dive.nsc to purposes other Ihan the exclusive benefit of
<br /> EmrJc.~'ees a.qd their Bor, eficiar,es.
<br />
<br />II. DEFINITIONS
<br />
<br /> 2.61 Accounting Date. The last work:nc day ol each calendar
<br /> month.
<br />
<br /> 2.02 Adoption Agreement, A resolut,on of the governing body of
<br /> the Employer which acoPls the Prototype Plan and elects
<br /> arr. aqg the various a!ternabves prey,ced thereunoer, and which
<br /> ut-on execut.on by the Employer and acceptance bythe ICMA
<br /> Re:,remenl Corpora:ion becomes an integral par, of the Plan.
<br />
<br /> 2.03 Beneficiary. The person or persons designated by the Par-
<br /> tJcipaqt who shall rede,ye any benefits payable hereunder m
<br /> the event of the Padicipant's death. The desigr: ' on of such
<br /> Eece;.cia~t shall be in writing to the P~an Adrr :strator.
<br />
<br /> 2.04 Brezk in Service. A t¢,'efve (12) consecutive month Period of
<br /> Se.atonce.
<br />
<br /> 2.05 Code. The interne! Re'~enue Code of 1954, as amended from
<br /> t me to dime.
<br />
<br /> 2.(:;6 Ccmpe.qsation. Wages an(} other comoens~.hon raid or made
<br /> ¢..F &c'e to an Emp:oyee. eith£r before or a~.er he/she
<br /> kec,:me5 a PamOpant. lot persona; ser%.ice5 renoered in the
<br /> cob,se of er:'ployment w'dh the Employ.. that the Empioyer
<br /> ~s re'qb,red to repo,q for fehera~ income tax pu-poses on Inter-
<br /> nar Revenue Se~ce Form W-2, or any substitute or successor
<br /> fO'Fa
<br />
<br /> 2.07 Covered Employment Classification. The grcupcrgrouus
<br /> cf Emp;oyees es~i~ie to pa.'i~cipate m the P!an as spec:fled
<br /> in t;.e Employer's Adopbon Agreement. ..
<br />
<br /> 2.08 Deductible Employee Contribution Account. A sepa'~te Par-
<br /> itc;pan: gcceunt which contains voluntary con:nbut;ens which
<br /> a,e .,-,te-~ded to be dec,ct ~ie under S_mztic. n 21.c;~; cf the Code
<br /> SuCh account she!; a~so include any realized and unremized
<br /> ~ch~r,S and losses allocable to such contributions, less any
<br /> s~, .-'ur, t*~ distributed to the Peq;cipant or his/her Beneficiary
<br /> f'.: % S. :,q account.
<br />
<br /> 2.,99 [ ;::.:bi; y. A phys,cal or mental impairment which m the opin-
<br /> :on Of Ir.e P,an Aaministrator is of such permanence and
<br /> de~:ee thc'. P~dicipant is unable because of such impairment
<br />
<br /> to pe."fo;m a-~ 2a~nful activity for which he/she is suited
<br /> vmue o+ hts,~'e- experience, training, or education. The
<br /> mar, once an~ '.agree of suer, impairment shall be suppc"ed
<br /> by medical e~ 2ence.
<br />
<br />2.10 Earnings. The ~ase sala-y or wages, plus ether items elected
<br /> by the EmDl¢/e' in the -s, do~,t~on AGreement. pa;o or
<br /> evadable by ir4 Employer to a Par,~c=pant for persona: se.r.
<br /> vices rendere; .r. the course of empbymen~ w!th the Emp,o'/e,.
<br /> Earnings she" 2e determ,ned before applying any salary'
<br /> tion agrees tc ,~-y the Farti¢iha~t pursuant to a plan Oescr. hed
<br /> in Sec;~o:',s 457 Or 4-03~b) of the Code.
<br />
<br />2.11 Effective Date. The first day cf the P;an '."ear duhng
<br /> the Empioyer ~'2opts the P!An. unless the Employer erects
<br /> the Adopt;on ;%"foemen1 an an. emote date as th6 Eflechve
<br /> of the Pith.
<br />
<br />2.12 Employee. A-y inciwdua! who performs se,vices for
<br /> Emiclce. er. exs-ading independent contractors.
<br />
<br />2.13 Employ --. The ;;nit of state or lode{ go'~emmem or ~.r', a~e-s
<br /> or instr~.:-:e.q'.~ :y of one or more states or lode; governme.q;$
<br /> which executes the Adoption Agreement.
<br />
<br />2.14 Employer Cor, tfibution Account. A sept, rate account ma
<br /> tained for a Pz'q,cipant cons;st;nC of his/her a~loc~.ble sh~re
<br /> of Emp;oye~ ~ntributions e.'-d earnm§s cf the Trust. p
<br /> forfeitures a'~E realized ar, d unreal;zed gums and losses
<br /> ado<table to s.,'-'~ account, less any amcun'.s d;s;Nbuted to :'~e
<br /> Participant or b;s,-"her Boner, diary' fi.sm such account.
<br />
<br />2.15 Limitalion Y~r. The Limita'.,on Year is the !2-oonsesJ'.,ve
<br /> merit~ period ~hr which Cc'r. 2ensat,c~ ~s cr-icuiateo fo-
<br /> pose of da:er.'- '~ng the cor:;nh¢~on :i...'n, its:icns under Sect 3n
<br /> 4.09 cf the P~.?. The Limita:,on Year sr, a~ be ',he P!aa Ye---.
<br />
<br />2.16 Nonforf. eitab!e Interest. The into-est of the Fadicipar,: or
<br /> h~s,,'he, Bone': ?¥ (whicheve' ~s appiicAblel, in that percen'.:.:e
<br /> of his;her Em..c-::yer Contdb~zt.on Account ~'~l.~c'3e which .".as
<br /> vested pursus-: '.o A,"ticle VI. A Pa~!cipant shaU. at aI! t!.m. es.
<br /> have & Nonfc';e .'.asle In'.eres: m. his.:he- eT;ttr~ Participant Ccn-
<br /> trib¢~on. Po~ e Benef,~s. VciJ-."l*.a"¥ Cor,[nDu(ion. and De~_c-
<br /> tib,e Empioyee Contribution Accounts.
<br />
<br />2.17 Normal ~etire.ment Age. The age which the Empicyer
<br /> specifies in the Adoption Agreement.
<br />
<br />2,18 Participant. A- Emp!cyee wr:o sa.qsKes the requiremen.'s Cf
<br /> Article IlL v,r: is a member of the Co',ered Employment
<br /> Classfiication. &nd v. no makes mandatory contribuhons if re-
<br /> quired under t.'.e Acopt~or, Agreement.
<br />
<br />2.19 Participant Contribution Account. A separr-,.e account ma,n-
<br /> tamed for eec.", Pa,qicipant ~ns:s:ing of h~s/her inundator, con.
<br /> tribut~ons and earnings of the Trust and adjustments for
<br /> withdrawals, a-,d realized uno unrea'dzed gains and losses
<br />
<br />
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