ALLOCATION OF EMPLOYER CONTRIBUTIONS. The provisions regarding the Allocation of Employer Contributions, including the definition of Compensation used for such allocation, that were set forth in the prior adoption agreement shall apply to Plan Years before January 1, 2002. This Plan and Adoption Agreement are duly executed on behalf of the Employer. EMPLOYER: Orange County, California: By: ______________________________ Title: ______________________________ Date: _______________________________ Employer has elected to meet the trust requirement of Code § 401(a) by setting plan assets aside for the exclusive benefit of participants and beneficiaries in a custodial account meeting the requirements of Code § 401(f). The bank, trust company or other qualified entity named below shall be the “deemed trustee” of plan assets held pursuant to the custodial agreement to be entered into between the Employer and the entity named below. A. Effective March 1, 2002, the following named bank, trust company or other qualified entity is hereby appointed as custodian of all or a portion of the assets of the Plan: B. INDIVIDUAL(S) AUTHORIZED TO ISSUE INSTRUCTIONS TO CUSTODIAN/TRUSTEE: This appointment is duly signed on behalf of the Employer and the Custodian. County of Orange, California _________________________________________ [Signature] ____________________________________________ [Title] ____________________________________________ [Date] ▇▇▇▇▇ Fargo Bank, National Association By:_________________________________________ [Signature] ____________________________________________ [Title] ____________________________________________ [Date] (Amended August 3, 2007 & Amended May 1, 2013) CONDITIONS OF ELIGIBILITY Any Employee who is a member of Executive Management Group I, II or III as of January 1, 1999 shall be eligible to participate in the Plan on such date. Any Employee who is a member of the Board of Supervisors as of March 12, 1999 shall be eligible to participate in the Plan on such date. Any administrative management employee who was designated as a “Confidential” Employee as of, or after, September 7, 2001 and continues in that assignment as of June 23, 2006, shall be eligible to participate in the Plan on such date. Exceptions to the schedule below may be permitted in the event the Board of Supervisors approves a specific contribution percentage via an employee employment or appointment agreement. Additionally, exceptions may be made in the event an entity for which the County administers this benefit approves and requests in writing the County to administer a specific contribution contrary to the schedule below. Any Employee who is a member of Executive Management Group I, II or III as of a date after January 1, 1999, any Employee who is a member of the Board of Supervisors as of a date after March 12, 1999 shall be eligible to participate in the Plan on the date of hire/appointment or promotion or in the case of elected officials, of assuming office.
Appears in 1 contract
Sources: Adoption Agreement
ALLOCATION OF EMPLOYER CONTRIBUTIONS. The provisions regarding the Allocation of Employer Contributions, including the definition of Compensation used for such allocation, that were set forth in the prior adoption agreement shall apply to Plan Years before January 1, 2002. This Plan and Adoption Agreement are duly executed on behalf of the Employer. EMPLOYER: Orange County, California: By: ______________________________ Title: ______________________________ Date: _______________________________ Employer has elected to meet the trust requirement of Code § 401(a) by setting plan assets aside for the exclusive benefit of participants and beneficiaries in a custodial account meeting the requirements of Code § 401(f). The bank, trust company or other qualified entity named below shall be the “deemed trustee” of plan assets held pursuant to the custodial agreement to be entered into between the Employer and the entity named below.
A. Effective March 1, 2002, the following named bank, trust company or other qualified entity is hereby appointed as custodian of all or a portion of the assets of the Plan:
B. INDIVIDUAL(S) AUTHORIZED TO ISSUE INSTRUCTIONS TO CUSTODIAN/TRUSTEE: This appointment is duly signed on behalf of the Employer and the Custodian. County of Orange, California _________________________________________ [Signature] ____________________________________________ [Title] ____________________________________________ [Date] ▇▇▇▇▇ Fargo Bank, National Association By:_________________________________________ [Signature] ____________________________________________ [Title] ____________________________________________ [Date] (Amended August 3, 2007 & Amended May 1, 2013) CONDITIONS OF ELIGIBILITY Any Employee who is a member of Executive Management Group I, II or III as of January 1, 1999 shall be eligible to participate in the Plan on such date. Any Employee who is a member of the Board of Supervisors as of March 12, 1999 shall be eligible to participate in the Plan on such date. Any administrative management employee who was designated as a “Confidential” Employee as of, or after, September 7, 2001 and continues in that assignment as of June 23, 2006, shall be eligible to participate in the Plan on such date. Exceptions to the schedule below may be permitted in the event the Board of Supervisors approves a specific contribution percentage via an employee employment or appointment agreement. Additionally, exceptions may be made in the event an entity for which the County administers this benefit approves and requests in writing the County to administer a specific contribution contrary to the schedule below. Any Employee who is a member of Executive Management Group I, II or III as of a date after January 1, 1999, any Employee who is a member of the Board of Supervisors as of a date after March 12, 1999 shall be eligible to participate in the Plan on the date of hire/appointment or promotion or in the case of elected officials, of assuming office.
Appears in 1 contract
Sources: Adoption Agreement