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Resolution 01-1039RES.1-101NO. 1I-103 , A RESOLUTION OF TIFF CI PROVIDING FOR EXECUTION OF TRUST JOINDER AGREEMENT: PROVIDING FOR ADOPTION OF DEFERRED COMPENSATION PLAN: PROVIDING FOR ACK OWLEDGEMENT OF MASTER TRUSTEES. PROVIDING FOR EXECUTION OF AN ADOPTION A-1 MENT: PROVIDNG FOR ABIDING BY TERMS AND ACCEPTANCE OF SERVICES: PROVIDING FOR TERMINATION OF PARTICIPATION: PROVIDING FOR ACKNOWLEDGEMENT RLOARDMG ASSETS: PROVIDING FOR APPROVAL BY MASTER -TRUSTEES, PROVIDING FOR FULL FORCE AND EFFECTIVENESS; PROVIDING FOR REPEAL OF CONFI.ICFING RESOLUTIONS: AND PROV IDING AN EFFECTIVE DA IT w IDILA , me Gaye ongwpoa. I Weemaher re r mo rartmivadnp mpmyedlmddea —1 mat nine imorts erato-a hnp ana ma. nsa�mrr�ed emvmvice,�L.;anerm orrer a aerenea eompenwrov plop: IVHEREAS, the IYR,pting Gnpleyer M1es also determined that T w RF, D employes` swing by offenn8 salary reduction comrib,S.,R; WHEREAS. the PvniciVnting Employer has reviewed the Florida M-.,.pal Pension l'rusI Fund 1"FMPTF'1 DrE— Compcnsarion plan ('Plan'): WHEREAS, Ibe Pvrticipming Employe wishes to an the Plen m prmidc ene<enein bhts em to ployees. reduce memll AGO1strvtive p-11, SUI -ld av-1— mveztment 011—hie, IVHEREAS, the Panicipatmg Employer is an Employerus defined in the Plan: WHEREAS. the Panicipau'ng Employer shall execme a l'rusr loind,r A I to become a punyto the PM PTF Maner'fms Agreement as a condmon of pert p S the PI- IFEIFAS, the Panicipating Employer shall exeeute an Adoption Agree— for the Plan. and t UPLAS, the City of Longwood is autborized by law to adopt this —IN— vpprovine the I rust Joinder Agreement and the Adoprio b ment. Therefore the Ciry Commission of,hc City of Longwood. Florida hereby msolvcs. ,EFFSP� The Pert ling Employ s the e of the T loinac+ I., the PertieipA g Employ ID becom a pvG,d oche FMPTF M er Tru Algae l'he al I} r Tru Agree may bee ended by the Mas r Taus of Ih<mPMPFI' Dal I'll Coam n Plan CMaster Teostes)�shall 11 vhvpM1ed to vnd made p of the mist Joinder S,cliott 2_ The Panicipet"I EmPloyu adopts the [MIr1P --d Compensation Plvn for i[s Employees. The Plvn_ as may be amended by the Master Tmnees, is atached hereto as Exhibit I and is made a pan of this Resolution. Sec n J The ieipativg EmPley owledges iFat c Mas respons,ble for the Plan and hove vo responsihil�ry [oroodter e ployee bent p ns ma,ntatned 67'the la t Patin6 Employer. S,cti_on 44. The Participating Employer hereby adopts the teems of the Adoption A,—., which is attached hereto as Eshi1i12 and is mod, a part ofihis Resolution. The Adoption Agreement sets Drib tM1e Employee to be c mad by the Plait 1110 benefits to be Provided by the Pun g Employee under the Plan. and av biid,l ns im osed by h Panioi tc p.tin y eon p Dating Employer with respect to, bu[ not with. tFe Plan. The Participatng Employer reserves the ri6ht to emend its elections under the Ado, A ,,it ev4 so long as the amendment is not inconsistent with the . .the F y 1,, htastar Trust Agreement or the Internal Rcvcnue Codc or other applicable law and 'is approved by the Mvner I ruetces ofdte Plan, Section i. (a) The Panieipming Employer shall abide by the terms of the Plan and [he PMPTP —1, Trust Agreement. including it—d-1, to the Plen and the EMPTE Maner'1'r.11 Ay¢eemen, made by the Master Trustees. all in d .11 is'ph,bbl. and other service RIM or the Plan end the ITIPTE Master Trust _Agrumcnt and ell eppli,aFle provisions of the Internal Revenue Codc or other npplicable ivsv_ 1b) the P g Employ ecpts the adm, ,— by Florid. Lea of Citi s. Inva e'nd any s 1 plii ided by v vvger ss delegated by the IVWsh. l'nste¢c The Partiaipv[Ivg Employertecknowledges that — roll be Impottd with r,sproi to the services p coded and that such fees mvy be dedumed from the Parucipeting ElnDloyas' emowts, Seel on fi Pii-,Pating Employer mvy tetminvse its Participation In the Plen. if it tykes the fallowing ac ,ors. li) Aresolunon must be adopmd temtm ring ire p-,pl-to the Plvn. (ii) Ttc r,eoluhen my i ccify wben the per p an wit l ondb er t'tunecs shell deermine whether the resolution —plies with the Plvn, the PMPTF Mager Trost Agreement and ell applicable federal and st to laws. sh.li determine an appropriate —Ii e date hall p —dc app",p a form ongoing thpanicipati How distributions under e Plen oCexisting accounts to Peneipvninng t?,nployees will be made in veeoedaoee with the Pia,. (b) rig Employer acimowledges ihet the Pban and Ne FMPTF Masser Trust g merit coniTn proe tsmpns far ,nvolumary un mrmmenan. SS45 I.1, She Pvrticipeting Employ eck -Ib,i, vith the neiuding a ¢ibuh o the Plan Proper and rights aaluiecd o —1,and ell in inbutable .,1 v .c Propel o tights shell be h,id �,e t far the cxclusttc benefit ofPetticipaYng Employees end [heir beneficiaries underihe Pian. No pen o[the aa'ets omG AL —11, 1 IRL1"1'J111U1'11 IGRI E111,11 POR OH'i'F RILED (�OTIPF\S 1TION PI "It M011 IT_ORI I) 14ICIVI(,IV AI PI \tilUN1'R(SI }IND M.1S1'GR'PRUST AGRE11 —T ll- IRIJST IOI\UEAR IG-I l" 1,1, of L 'rtorid� mY®i9i®YII 4t IICRFAS, Chet H ",IFnpl d *s to pm 1 rcaJ coi npion cr iM1 �i�vvvlus1 1 11"tn-Is1 et: n), 11c If Ii-Br. icf.n. for ud� 1 .ec,�adR uh nn \o0(-(0 iilii rl day Sid neL-< .a bh_ 44 RI RI lS, sei t2_ mitli� I :potion I Ii ida \fi I I ensio: 1r�1 Fll� I i \INI C'1 i � -I mi�hor i aionn c 1 -Tsi loin�c l n�ni io 6113 111Afi. Ilia I _ [TPI 1 - sul : ""wi Joi i \ uni io the\f Ivs«v xoi �pari��iol l\tI II Ma�icrt I IiEREEORL, - 'auun of imvena i" 111 earJ� I 3.14��nizs i T'.i loindc 1 C�efi.oi Iriori J.a Panici� C iploy�;r I 1 1 1 I iida Mai 1�sion I �n FunO hl I t 1.,r�u (\i ,ss Trus in�ni'1 ii bi inns �dc by l vti � p� I pioz�c 'or l c -wm....... plait 1 t plan pro+. �I�cied by i I e l � i .n any aynca i I I�fcrie �.nuon plan. A ii particip iplo�er n piny-ide .if �'I a� �. upd II ele�nn� I „..w , Iffi, i I,, ia: 1 ,lb," �n �r�� r v1�eT,w,.a_ i„IL,�I, T- ..... anA 1 \ r II 1 the ngi I_- on the i said aio.� nii lonsibilin�. II I`articip [: Moyer li I esibil I the li u N b tileste-Taa -nely „ a0 i pa¢ty f II PS Pa —.a nplove'�I Il i 11 1,1 the b- 17-s4.eorvled J ibe.:Nas.e : rd IN�h, 1I ih ill hr�c pier hi o ely < 1hc f � 1 esponsibiliiies. R l it i' :� Joliide t - 1-11 b,t and b, I . hd by 1, de leez yobl3ai (I h--h i he fl l ci�'oi 't'iul I d \t��ner Tr \ i. n<r, the ocher 1ev hall be G w by ehe col h,(Io eie 1,i on l" II i-" Ir, 1 .. ,i and .heplan doc�imeni forthe dcfeaed coinpe...... nplus. I\ lI (;4S \till RPO[ - 11 p I II l II /lf Aer 1" l 1 l �i ehv t.:i "--d f al :21, V eraldine OCletk DATE I'I. 0111)1 Mt Scr c� n - I tt3s to ORIGINAL Florida M—ftip21 Pension TY si %tend Ni Or 2 ccsw ;'45>@) Deten'fA (:oiiipensatlon Plan _h�lopFiou 4grcemci�t YI it �boueil 3 j i1y+E yi e Vi f rn.:nl PotLLP ( 1."no ootl ' Juidrcss AdJ�css Ci Satc Zap Int d Rcz veli snot «s f Ood,FI 3�J�0 N Ioi ry At irdi�It I TiI¢ _ I-inanre lluxor ' A 2603475 _. 407 160 3�51 _ Your Pine All I ¢c. Florida Longue o(Ci�i:s, tuc" P01 S. 13� Y-01757 alleil s,� Stn+et .1 Iie2nda J230 honey 2 P(M [2850) 2/2 IG5�� F¢s- (—)122-P806 Meek SIt,, Ii enr S " , M,-„r7', fr 0 221 (779 2 T9im 1 I.'an, Fm 1, 1 -At iiiuiiat fr50224-6"1'/92]2 y¢a�¢r�nelc�"gym Plun P—mw— The Pzrtiupating F�nplovcr will useYMPCh's¢4>]@) Dd—dCompen,uiionPlnn- v PIa_n Choi I' his A1111,11,11, A - it (a 1 1 "'k, ihi i gxtiny L I Y -' 1 uned 1 ei(ed I f I '41¢Yad choi¢c. Florida Mlmirapal Ponsion Troll Fund § 457(b) Dd—d Compensation Plan Adoption Ageemenl Your Plan Ycer is: October I —September 30 ❑ January l—December3t ❑ Other Payroll Pcrlads The payroll period of the Participating Employer is: ❑ weekly 0 biweekly ❑ onthly ❑ onlhly ❑ other[speeity]: \4ho's eligible? Covered Departments A Panicipating Employer may cover all of its depenmente in the Plan or only those listed. M All Departments ❑ Covered Departments (must specify) Any Pnnployee Gom a vered department (and any ne oml person or independent r who is an elected or appointed ofli6.1 or oftieu) is eligible to make § 457(1,) Planrdefenals 6om his or M1er wages or fees paid by- Participating Employee An Employee is eligible to begin participation immediately upon enrollment into Plan by completing Ore required documents. Ve:nsion l rust Fund ;lb) I I,fl�l �'I A-11-1 lc, I'll Florida Municipal Pension Trust Fund 457 (b) Deferred Compensation Plan TABLE DE cOi'TG.— I. LnablisAment and pl�ryose of IFe Plnu 2 Panicipaung PerticiV�linp Employers. 3. Uefniciuns..................................... 5. Comribulion limit .................................. 6.Imeslmenl direr[ion .............................. i. Allaa[iun methods ................................. &. Reempinytnenl 0" Unifoemed Service. 9. Planapproved Domenic Relations Drdei �. Permilled UN.bulioil.................- Flvridn Municipal Pension Tmst Fwd -(E Defened Compensation Plan 1. Establishment and purpose ofthe Plan I.l Purpaac of the Plan The pnryvse ofthe Plan is to provide Employees wish a convenient svay to save for tv himt. Undzrthe Plan. Deferred C 1m ffiation u held unlit paid to the Participant or her Bebllll-ry(s) according to the provisions ofthe Plnn With limited xeeptions, a Diat[3trtion can became available only offer Ibe Participant's death or Severance 1.2 Establishment ofthe Plan This daument t,—, wish the Participating Employer s Adoption Agreement states the p tstvns of this eliglbie deferred wmpensation Plan csablkW and maintained by the To [Ita extent of the Participating Gmployei s p6dieipolion in the Floridv Municipal Pension Trust Fund p)(b) Defened Compensation Plan. this Plan shall amend and rss[nie any tmilar plan previously in speedy The restated Plnn is effective as of the Rcsta2ment excDatz. ep[ as vthmwise cifid ed by Ibis Plan antl the Adoption Agreement 1.4 Eligible Plan The plan Sponsor i—Ilds to (but k not vbligamd tv)mnintam the plan as a plan ihvt is an eligible deferred wmpwsatiov plan within the meaning of IRC n 457(b). 1.5 Individual vccouul plan The plan is an individual account plan that provides for an individual Account for each P6dicipantand for Defened Compensation based solely upon the amount of Contributions. tneome. dividends, inrercst. gains(or losxs). and Foes and expenses credited m or ch,,d meansthe cast—Ic d and maimalttedbytbe Master Tntst Agreemem The Plan is established Cor the exclusive bweft of Participants and their Beneficiaries. Al1 assets and income of dte PI., shall be held for Ibe exclusive benefit of the Ph, Patdcipai is and their Benefeiorles. mmpal P-11- Tray Pand P459(b) Defimed compe—ban elan 2. Participating Employers 2.1 Adoption by ParliciPbftA Empl—r A Paniciparing fmployef may make the Plan available [o iIs Employees if,, lakes the fird-.'gsalons a) The Governing Aorhorhy of die I-MPadng Gnplb, m st pass a esolu,ion forznelly adopting this Plan for firs Employees and nppravine the Adoplion Agrcrane,l, b) T,e resolmion—, indi,- die dare ofadoption. c) 1'he rerolaripn m o Ibc ,o of an Adop,ion Agreement as ompleted by lb, Paniciparing Employer. s d) The_.,lbb_mnsl spcoify lna,,he Panioiparing Employer shall abide by me of n,e p1a - me Tm, All admmisbalive. and srer —of the Plan, and all applicable provisnolutofd,e Code and other applicable law. e) The I noknowledge Ihat the Master Tronec is Daly responsible for the Plan and hove no responsibility far other employee ,—dl plans maintained by,be Paniciparing Employer_ 2.2 1 iclPating Employ ,upru Excep, ras pmperly spocifl Iy Ihse Adoptions Agreement, each Paniciparing Employer, adopts Ina Plan as fined by the Plan Sponsor. The Pn cipa[ing Employer z adoption of,he Plan is stated by Ina Adoplion Agreement_ 2.3 Amendment binding upon all Partieil,nting Go,ploycrs n) Sobjecl,o the provision of soy applicable law. the Master Trusrcn may n, any mend or modify Ibis Plan wihh— the <o of ,he Paniciparing Employers or of Panicipan[s (or any Eenefcianes ,hmeot). Anymodif-1— elterrl(on or amenJmen, of rn¢ Plan. made in aowrdance with Ih., Provision _ may be made re[r000llvcly. if deemed nevtissaA or appropriate by d, Master Trustee. A copy of the resuluriun of the Mazrn Trustee making such mendmenl shall be delivered to the Adminis,m,or. end the Plan .shall be minded in [he malmer and effective as of the date scI fonh in sl,rh resolu,ioq and Ibc Participating Employers. Employees. Part"Pan" eeneficiades, Master Tmslee. and Adminisbabr shall be bound by Ibc nrrendnlcnr. A Sabj- ro the pr of eppfwble law_ the Master Trasree and the Adm ny aa[, ended dify Ibc fom of Adop[io with ,hnwnsent ofphe Ponielpa(ng Employers unlacs mnerclae requited coder Provision 2,J. mlpal on uaa was 45'I@)Deferred (ampeivation Plan 2.4 A endm of Adoptio nt by id,11ng Emplot The Gov mg Author y shall 1— the right -y ti end. � whole o any or ell of its elections mder the Adoption Agr --1 without tire wru'- Ifthe Participants or any B¢neficiaries. Provided, however, that no such amendmen[shall e) Deprive any Penidpanf or Bcncliciary of nny of the benelSts to which purposes othw Ihen die ex,lusive barnfit of the Panicipevts or their 13enefdaries: or If a mevdmem limits o otherwise re s the deferral end di disrributiov rights o[[he Participants. the nmendment shell become than lorry -five (45) days prior notice of the amendmem to Penicipanss_ If the v a endmc Wade by the -,I, 1'-1,, nonce shell be deemed given when the nmendment is each Penici,mg Employer. Ifthe amendment was made by the Pertioip.b, Employer_ [he benefits to which the pant is entitled unJcrc this Plvn with respea[ is credited prior to the effective date of the m„amem. end 4n d) If the Plaa I, .., dad or—,bbf d. the AJminlatmmr shall--heless be responsible for the supervision and the payment of benefits exulting from a ntribuled prior to the amendment of modihcationx in a cordvnceo ith this Pan_ 2.5 Contributions by Pnrdeip.lb, Empiolmr Contributions made by e P,,-ipating Employer AA be determined separately by cvrAr Partlelpating Employer and shall be paid to and held by individual unt(s) under the Imvcslmevt(s) far the exclusive b-1.1 of the Partieipmts (and their Beneficiades)who ere Employees oftbe Panicip—g Employer L6 Trmtsf,r of Participant among Participating Emplo},rc The transfer of any Participant Gom or to any Participetina Employer shell not effe,t[he Penicipam'.s Benefit or rights under the Plan other than as provided by the Plan. _.7 of Plon by Par iciputb, Emplov y rPan ing Employer s perm — and disc panrcipati nth, Plan by giving of least 60 days n ing tonhe M Lninee. Any le shall be go,—d by the provisions o(thc Plorida Municipal pension Trust Pund Mes[er T. Agreement and the Plarr 3. Definitions Whenever used in the Plan. each of the fallowing terms has the meaning sated or provided by this Pail. If a temr is not defined by this Pan and is d—d by the Internal Revenue Code or the Enabling Stanne or relevant lnvettment taw, the term has the meaning given by the lutemal aevenue Cade or th, —bung Statute or relevam lnvamnent taw. ns the bookkeeping A-- (-IL ding each sub -Account) m ained far each Pn�rcicipanr for Beneficiary or Alternate Payee) wIhdh at all tunas s1— the amount of the r l Panicipam's Deferred Compensation (Including any income ooss anribtablc h, the of the Participant s Dd— Compensation)'. any amounts accepted as etAfereund" P—kion 5.2 ["Acceptance of nensfars I, any Distributions to the Participant. end any Fees o expenses charged against the Participant`s Defrrzed Conrpetuatinn. "Account' also mny refer to eedt of the sub -Accounts. The A--, balance is the total am value of the Account (or sub -Aso - a eppliwble) reduced by any security irneast held by the Isauer(s) or by the Maser Tmstee fur vn tending loan end reduced by any applicable Investment Fees. charges, ,,m,es. and taxes and any Master Tnst Fees. charges, expense,, end— o the acteor that the paaielpevt's Defered Compensation is held in (end Disnibutions end Fees or expertses ere charged agalrrst) an Allocated Invesnnem(s), the name of the Participan�s A-- is the valve of the applicable s,Ib — ant(,) under the To the extent ne ssery to edmioister fhe Plan. the Plan Admivimaeor shall keep n sepnmte uib-Account to receive each loud of Coatrbutiom (antl artribntable interest of pings). However. the Plan Adminisvtator, in 11, ole discrm- may nmbie any sub -Accounts if so doing does not impair the Plan Administrator' s ability to opernce this Plvn according to p retorts. mpons in the form prescribed by the Plau Adminisrraror If the Participant (or Beneficiary) elms m e thou o e Distribution Commznceme,1 e. the Plan Administfamr shall maintain spare p— o the rtion po of rha Aec —to ba applied as of each Distribution Comntedement with rasData To the e required by a Plan -approved Dom Adntininretor shall maintain a separate snh-Account% If the —ieip 1 designates more man one Benefciary. upon the -- tamest of noy Beneficiary or upon an app,—d ainim payable I. any Beneficiary and not all Benetivaries, th< Plan Administrator shall maintain a upemre account Mid respect to the interest of reeh Beneficiary. beginning as of the next Valvahon Date Ihvt occurs of er me Beneficiary's reyden or claim is received by the Plan Admininator. If i Plannpproved Domestic Relarionn Cd&, applies wish respect Io a Panicipan� he M. Administrator shall mt sepon —Il aaoum for the in of All —id Alrtn Payee. beginning n of the nV—IiDate available afterethe —i, order is detortnined by the Plan Administrator to ba a Plan -approved Domestic Relations Order. li—,ipam's Plan Account has b-, paid or set aside for pa Administrtor or [he Agent oderwise is subject to a binding judg—l.. decree. o order for the vttechment gamishmevt_ or execution of any p ftioa of the PanicipenfI Account r of any dinribulion Ihefefrom. The Penloipvnl shall be deemed to lb— rcl—,d the participating Employ¢ and the Master Trnsme and the Plan Administraor and the Agent from any Gvh virh —pee such am e which any of then rued x ith legal process or othenetise joined idn prooeedingdl,i.g Io such amounts, tad [be Participant was notified of the U dd—y of such proceeding, end the Participant Gil, Io .brut order of the 1 rhal relies s the Pail tiny Employer end the Mas Trusteevand the Plan Ad nioistmlor vnd the Agent Ill— any obligalion to —ply with do judgment. decree. or order. Each Acc— s[ or Confirmation dmished by for on behalf of) the Plan Adminisi—, d dre Master 1-1- is Intended ns n legally significant srntomcm of dre 's DeCerted Campeln'nri n. Ast vch Ace or Co d if by the dvrcanhar is 190 days after the date mat the s[atementt of Confirmadon was moiled m o1-- rem or delivered, [he participant (or Bureficia or Altemare Payee) Iws not delivered a tvtinen objecdoo as m the accamnyof the statement. do aecounldg r�P — is I_ stilled and wnclusive vnd an veeoum slated. Ifnn ob dl any Acooum staremem or Caahrm withdrew svdjusred mrbe objec r_mea ling is men uulod and nondusive and an vu:oum stated. To the ex - III., an Amm�nt sd-- or Confirmaton is an account slated. me elan Admi ,—., vnd every parry veung under the of the Plao Add, s discharged firm any liamlity that might .mean src cerise out oC me Accomu ..lament as folly ns if the Account had heap settled by n appmpnare wu«pmceeding. Wilhwtlimiring the wmprehensive effect of de ab�ve.if or Cbvfrmvtion fumisited Id me Altemare Payee shows de amount seyrtegatedtro his ornher separate .wrMAccovnt under a Pla. pp—d Domenic Relations Older or Omer man order if by lb, date dray is 180 days after the dare liar the statement or delivered a w objection .1 o the noctlreey of the s r the eb'ecrion is tvi hd— os odjaned I. the A to Payee's satisCection'Ghe acooun , rc -d R Ihen seded and conclusive and aneacconnt stated. and shall coroomte a releau of any oioipal Pension Tress Famd 457(b)IX ed Cmpcn.mtian Plan obligntion -dr the coon order to segregate or su aside the app,npria,e amours for the Alternate Payes. If noun flnds that the application of this pamgmph or nny pan ofh is void as against public policy, dhis pmvision shall apply w the extent not so Cound. 3.2 "Adoption Agrnem�-t" thatthe ,- bat related ,id- agreement creased by lho Ponicipn, Employer .stis atc.s re the establishment ofdhe Panieipsrimg Employer s Plan and its adopliom of this Basic Plan Dowmeat_ The Florida Municipal Pensien Teas, Pund 457(b) De —d Compensation Plan, and that states those conforming and elective provisions of this Plan specified bythe Partioipnting Employer. 3.3 ".Agent" means a person that the Plan Administrator appoints to perform services regarding the Plan, an lnvestmefwhich the ldli ,, under the ,arms of the Invenmem (and ao, as a separately ngreul semrvior w) rewrds individual acwonla with respect to each Panieipant. has ,igh,s under order thud the Plaa Admmuae,or has dot --d to be a Plan approved Domes-,ic -Aions Order. Opl, 3.( "Annr,ity l'Option" msoers a Payou, Option whirh ioaludese provision for payments based. in whole nr io ns the Dersou(s). whethu natural or aoo-namral. including but not limited m a -- rother fiduciary. desippated by the P-icipant by a valid Bcmefciary Designation in his or Fer Paricipation Agreement m any undistributed Deferred Compensation payable upon a(tec the Parieipau rs death (the'pnm - Beneficiary(s)). o upon or alter the primary Beneftciary s denth (the'comnngent" or "eltemate''Beneliciory(s)). The Parioipanfs right to &Mg—, his ur her Beneficiary is limited by Provision 3.8 and by all of the f Mowing pmvisions. o the condrary. a person shell not be a Benefioinry unless he or she is living or in ee (andto the ez nt h, , the Beneficiary is m W to ve Deferred Compensation es a nvstcc or outer fdssiary, the person or ,he enthy that the person represenu' or nets rbr, is living or in "Id,nw) 7the Dislrihr,tinn Coble-11 eme.,rt D- Any right of a Beneftsiary 's .rr Wy puronal to that Benetciary and lapse p n his or to n BuneticiaryiP he or she had lived is of distributable m the rieneficiory's heirs Upon ea manieinm Pensmn Tmst Pnnd a»ro) Deknea eompen�mlon rlan a Beviceoivry's demhunY nndistributzd Deferred Compum'etiun with —1 1 to that BeneBeiery becomes distributable to the remaining primary Beneficinry(s) if any, or if o the remoinivg eomivgent Beneflciary(s), in wtclt case to be distributable in equal shares to nll living eeneliciaries ofthe epplieablu prlmnry or contingGrt Bevtelieiery class. the Panlcipant mus designate eaoh b—feivry by name. A e-bfi iary(s) -1- be des gvvted by relationship ur by class. and any such attempted beneficiary designation is absolutely void t�'onvitM1stvndinS any law to [ha contrary, e change in m rziagc (whether statutory or wmmonlvw) or family status. inoludinS (but not limited to) a divorce. dissDlution. mgether contract. o any tuber intertupl- or temtination of a spouse or quasi spouse relationship. has vo efreet m any way eov—mg wXo is the Beneficiary under the Plan. If the Poniolpant designates as Beneficiary more then one pufson_ all persons of the snore Beniciary Designation (-primary" or"wntingent) havecq l shores(per capita and not If a Participant fails to designam a Beneficiary, or if for any reawn (:,,chiding the ubsatcc of a surviving designated I, fi,t ) the Pxrticipnnt's b—,.i ry designation is icvalid is(arc) the Beneficiery(s), to the extent of the N17 or invalid or i,,ffce — designa,ion. with the eppli.Nb share of the Plan Account divided among those BeneBuaries in the same shares as thou shams of the residuary estate. Yor the purpos s of this p —im,_ the o the identity (—I.dlcg nam, address, and Taxpayer Identifying Number) of andnzhams allocable to the persons untitled to —h residuary estate. mad b—fi, vry who feloniously and intentionally kit Ls the Participant or Beneficiary a Beneficiary and is nor entitled to any Distribution or any other right under the Plan; and any De@rted Comp—.1— is payable as though the killer had predeceased the Penicipevt or Benefeiary. Do:igna B thef valid and ( (which e Beneficiary De —1 made by the Part desnignating the perron(s) may bee non -natural person) who shut be his or u Bene[iciary(s) entitled to receive any undistributed Deferred Compensation. enefctaMr} iueludr,,g a con[ingent BonefcAary(sy subject to the pmnstons of the Plan. T- participant shall have the right to change his s,or Ner Beneficiary Designation at to bj- to the provisions ofthe Mn FI.— nicipal Pension Trust Fund Dehnod Comp®sa A Beneficiary Desigoation must be iv wilting, on the form(,) pre,-- by the plan Administromr. A Beneficiary Designation (or change) is t etfemive until the Plan Admivinrator receives it. Bneh BeneficiaryUesignetion completely revokes end cancels any end every previous beneficiary designation The P.tticip.nt must d—,,rate each Beneficiary by name. A Beneficlnry(,) cannot be designated by rehdt whip or by class, and any —1, attempted beneficiary designator is absolmdy void. the Plan Atlministrewn inil, ole discretion, finds that a Beneficiary Desinnatiov sufficiently describes a trust that Beneficiary Daslgvatio. will be —,,—d as nvming the duly appointed antl c,I—ly acting trustee of,h,h [rust. Any beneflciary designation that, in whole or in part, designates the P—,plh'l estate az beneficiary shall be constmed as de,ignaling as Beneficiary(,), m the extent ofth. share of Deferred Compensation specified or otherwise provided for the estatethe personal represemative of the Participant's estate. Notwithstanding any law to the i "cted .6 ,a change in nia(whether stamrory or v-law) or family s ncluding (but t lmim) a dive e dissolutt nnalmen[ or declaration oC nvttnrerriege. sepnmtlon_separa2 nreintwnvoc. re of a dom B r registmnon to of any man iage or,,.- together con¢ne�no any other in rtupdont on . oa sponre or gaasispouse teletionsXip_hns no eff in any way concerning evy enefcfaryDesignation. Any statement in e Bevaaciery Desgnntimt referring to the Beneficiary., relationship to the P rticlpavt is for c e imfortaation only and has no effia iv the covs[menon or interpretadon o[theBeveOciaryDasignation. Any statement in nefciary designadon arreinpting to state or wrate a condition or i upon the Beneficiary's reoeipt or enjoyment of any Deferred Compcnsau'on i, invalid and the Beneficiary i, ,,tided to the Defeererl Compensation without regard to Notwithstanding anything t the conrary iv any Beneficiary de p,lion to the order), aay design. m,of a Beneficiary c of be cable and y such designation shell be wnstmed a�a --ble designndov anof that Beneficiary. If the Partieip.nt designates as Beneficiary more then one person ell persons of lk same Beneficiary h Designation (primary'-or"c flvgen(d ave equal shares(per onpita end not per srirpes). antes, lh, Particip.nt Specifies --ill Florida Nunicipnl Pension Tins, Fsivd 1�(b) oere„ed Cumpenxation Plan If a Beneficiary Designatim divides a emefi, between omong n Bev.fieieries. the primary" B ,n r. iaryDesignaoon must allocntcahe share .(enuh such Be i,, ,, solely by specifying n percentage of the Participant's Aaonnt and the vingen,' Beneficiary Designation must ollthe share each such Bu,cfciary solely by specifying a percentage of,he Paricipa.1enl's Account11 . Without limiting the ompmhu,sive effect of the pmvedinS sentence any division of any Benefit under a Benefciary Designation all 1e iva vlI,, the ext thait 'ou e ld ask the Plan Adminis,rn,or to wnsider any face othIh,erlhnn Me amour„ of the Pmrlioipam's Aeuoun[. A Beneficiary Desigvatiov shall ne construed to dispose of all of the remaining Plan Acc ,, Deferred Compenseli.n. Escepl as otherwise provided by ,he Plan. a Beneficiary Designation that uses a ,em, or pRese that would have signifiaanu i,,rvmg or interpee,ing a nveynvice or n disposil.,, ofa d.. destate, estate shall. exeeplt as .Ibeawise specified by the Par,icipem, be construed or interyrded according I Ills Uril%orris Probate Coda (with.,,, regard to the nicipavfs domicile a, me Ii re h,, or she made the Beneficiary Designation or ,he Panicipevfs domicile n, ,he ,i e of his or hu death). Likewise if a Bcn i—,, DesiSvenon remains ambiguous All pplymg all provisions antl connnic,ion nde. s,.[ed by d,is Plav antl cvn be resolved by appIyibIg,he roles of covs,nidi.n end ivrerprennon vf1he Unf nu Probora Cade far wnsuving a beneEciary designation or conveyance, such rules shall apply m the BeneCmiery Dcsignatloa except ns orl,envise provided bylhe Plan Any provision of the Unf nn Probate Coda wneunin9 dte effed of divorce or marital separation shall „ol npply. After the Participant s deathnv pea.n hos any right or power or disorenon I . ,, ,,y Beneliu'ary (except 1. disclaim his or hu'or its Detered Compensation as pu'mltted by on 15A4 1`Dlmlelmer by Bevsefrand any such pnryor,ed pmvision sorted ,n a Au,eficiary Duigva,iov or o,henvlse is Iveffectivc. 3.9 "Bosincss Day" I, day ov which both,ne New York S,.ak Bxcl,enge [NYSE.] is open, for regular trading and ,ne pars , ,his[ is required or permited to net or that is v,itled !o reoeive is (or was) open for regular brininess at its home ofitce or National Office .r prine2pnl place of business A Bus,ness Day ends a 4 p m. New Yod r me, o, if earlier_ the lime lha, regular lading As required or permitted by nppl-bl, Investment Lew. any Agent may make reumnable roles gpveming the time of [he day nfier which i,I.... , ins,mc,ions will be neared as eived ov the I., Business Day- Without limiting the compreM1ensive effect of the pmcedvg samenoe, any inve —, lb I., Iha, includes en inswdion m buy or 3e11 mist area investment company shares that is received after Ae closing of the NYSE shall nn o-eared nr recei�ea nn me next euinesa Dar. A day that is oot a Business Day ends al p.m -New York Time_ 3.10 "Compensd[ion" dr rans the rolai wages. salaries fees and other nmotmts paid (except tu' modified below) ng each Plao Year [o the Employee by [he Partioipating Employer for 11-1 welly rend I-d in the course of unploymeml w,Ih the Participating Cmployer. ncludang ecompensetion payable as bonuses o and excluding a ived in the forth of noo+axable fringe beneilh. Compvtsariom shall include savydam deferred as Employee Comrbmions under This Plai,. and any of compensation deferred a "elective deferrals' (within the m _ of IR ,,2(g),,) miler Drovisions) undo IRC§III . IRC§-(k)mv IRC§_(u)(8)- Compemavnon does ,.t nclude a amount paid as Paaieipatin¢ [mployer-ptovi- eduo 6- as astance notwithslandiag that such payment may be taxable sveges to the Paniclpani. s This definition of `Compensation' is tended to control or affect the on-6- of the definition of "Includible Compensarion`. However for the purposes of wmputing any Cod¢ibulions required or permitted under Pen 8 ('—pioymetu after Uniformed Serviec']. [he reemployed Panicipeut's Cotnperrr'ation shall be as provided by Provision 8 A. 3.11 "Conlirmatimn" has the.— mg given by eppkkl, brvesltnent Law. 3.12 "Conhibu[ione" ns Employee Connbb,i and Ttanef2r Ccrnmbuuoos and (if any) Employer C_,,duhons, deferred under the Plan aeeordiog to the provisions of the Plan. Contributions under the Plan shell not lb reduced b—,- of the Panicipamt's —id—, Contributions shall be etude according to the payfoll methods of and at such limns es may be Ue[e bb,il by the participating Employer, except as olh—ise required by the Enabling Stawle- 3.13 "Corrective Dfslrih ldbi lcn a Dution istribrequired or permitted to remedy a po[iul violation or co 1 violu[aon of any provision of Parts ["Contribution limit ] of under ITI ].11 [-Misrakem eomrclbtnion:'j. The amounts eo[r -d by a C.—live Diet butiott are disregarded for all purposes of the Plod, except as otherwise expressly P—bit by the Plan- Florida Mwiolpal Pension-- 45t(b)N—dCom A Corzt lribat tin o of be c ted as a eeq Ii urpoeS d distribun n fnr ps of applying thm e s b—b, J,,dbbYon and incidenml benefit requirememsal IRc 3.14 "DralL Ulstributlan" meev wy Distribution lhal does aol begin before the death pfthe Panicipnl_ s the amount of eompensaLon ihel the Participant and the Participating bmpko ogee to defer aowrding ro the provisions of the Plan. The amount or value of the Pahi<ipanfI Deferred Compensation is the amount or value d the PanleipenCs Accoanl(inclading any rights purchased bvder the Aeeobbl) Deferred Compensatlon may vlso refer to the ng] under this Plan of the Participant or 6an46ary to mceive v Distribmion ofall or any portion of the Account. striLutee" any person who relor but for his or her or its mswchon to Ill, Plan Administrator is entitled to recei�e a UisMbution. 3.I1 "Uistr lbution" s vppropriate in the an context. y kind of D'u'tribution or the Particular kind of Dutribation provided by the Plnn. as Collows� • Pertained Distribulioa • Hardship Distribution • Retirenteni Disrtibulion (inelnStag a Transfer D'isnibution) r Death Dlstribut • ierminaLon Distribuu'on. Any Distribution shall be paid nv a cosh payment(,) or as a nansfer oC ownerslup of Thu Investmcnt(s) that is the applicable portion of the Account. A, Distribution may be made in whale or in part, in cast, or by delivery of va Investnrentl s) (invluding any n roily or life in tact). Fund Sharesother r other assets., property .furry kind Any Distdbntion or properryother then cash shall be valved et fair market value as of the dale or the Distribun'on. I(a payee does not as a pan of his or her or its written claim specify lhal a Disvibution is to be made in the form of e spoeified property(,). any Distribution is Dnyable as a cach payment(sl Con rt 14 any Disl,ftl on pvd after llac mbar 31, 2001 rimy, to the Icnl drat the Disrcibntion is I.,eligible rollover distribution, ha paid esa direm rollover_ ax 3.18 ^thoisldbaeov 0--. eament Date" is e dnte(s) selected by the Pnnieipant undar Provision 12.2_or by the Beneficiary rider Provision 13.2: or the "default date that ramhs by operation of Provision 122.1 or Provision 13.2.1 from the Dislribtnee s failure , make such an election. any Panici lmg Employer that is a State or a Dolitical subdivision of the State or n agency or ins«umenmlity bf a states) or a pobticel subdivisions) end that is en 0eligible Participating Employ within the manning a IRC a 452(c)(1)(A), 3.21 "Einpinyee" s the nv trnl Penon. whether appointed. elected sa r under wnuact. o o Fenrise who performs serviws for the Pxnlcipnting Employer on u regular busis es a on-Imv employee oral an iunder u ndepk and contmcvor and who has... paid bymhe Daettclpnhng Employer unless the individual ' precluded fmm part the Plan by the knabling Statute or other Stale or local Ixw (including a Resolution). The dap that n namml person is or is detcrmieed to be an employee for the purpose of rather etnployaa benefit plan (including another pension plvn or retirematt plan) or for any other legal puryoso shell not ba consuved as any inkrence That the natural person is an eligible Employee under this Plan. The Plan Administrator or the Master Tmstee (but any Agent) shall decide all questions of eligibility for participation in the Plan. except as otherwise required by the Enabling Stamt, An Employee shell not be excluded from panicipetion in the Plan on the basis ofage 3.22 " ec Contributions" s elecl�ive deferals made pursuant to a salary rod-,- vgmzsnent as specified by a Pan cipation Agreement. 3.23 "Employer Contributions' s those l;ontribIbi,h s made by the PanieiDming Employer drat are not Employee ntri Cobutions. and which the particicould not hvvc elumcd mrcccive as immediate ensh eompensution ar outer texvble b—ereft. The Plan Administrator shell not permit Employer Contributions unless it has recclsed and rtatsorably relies upon an aeeeptabk sv n legal opinion Concluding that the IN Panioipating Employer has legal power mtder the Enabling S1.1— and all applicable Smte end local law to make —h Employes Con¢ibutiwts. 3.24 "Enabling Stntuta" aums the Ste[e st filar lase "S' grants the Panlelpaiing Employer legal od y ��main m s plan any fees required or permitted 1. be charged against the Pani""'s (or Heve(icwry s or All-l- payee's) Plan Aenwot according to (any one or more of Nre Inve advisory ague any other Nag s sued by the can[ ip(ornafter the PeniGpenfI death. Ne13. foiary). any whl- aolice given by or behalf of the Plan—mishl- or the Messer Trustee [hat is ecoepted or h--d accepted by the Panieipam(or l3enefeiery). or any Coen order. t1FG�iffiii collcaive invealmem hmd or group trust ur any similar pooled invesimcnt under which the value of the holder's irnarcst is calculated aeooiding to [he number of A— or oohs held for the holder s ucoounr 3.27 "Hardship Distribhlwh" means a Disirbution under pan 11 3.28 'Ineludible Compensation" whhms the amount of the Employees Compensation that is "includible compertsatioti- he meaning of !RC § 457(e)(S) end rho[ Is ch—ly includible in the Employee's gross in come. includible Cbmpeiueiion is determined without regard to any wmmunity properly lasvc Eor the purposes of computing zny Contributions required or permirtcd under Pan 8 ["Reemployment after UNfonned Service']_ the reemployed R.Ncipant s Compensation shall be os provided by Pmvislon 8.4 and Ineludibl¢ Compensation shall be determined consistent with such provision. 3.29 "Inhroal Revenue Code" or"IRC"or"Code" ns the Imemal Revenue Code or 1986, 'as amended_ including any Regulations or mli ngs (or other widonce of general appl-W.ty) under the IRC. Any referance to Raw lotions is a reference m Treasury depenment regulations undo the lotemal Revenue Code unless othenviea spedtied Any reference Yo a Section of the Imemal Revmme Cade shall be consented .also refef to any successor provision. Any r<ferznoe to e Sec- of Treasury Regulari shall be rued [ also ra@r pmvii,loa of —h Treasury Regulations Any reference to a Revenue kh" orsReveuue N—dufe or IRS Notice ur IRS Announcoment shell be coosnva0 to also refer [o any Ft. d. Muniapal Pensivu Trust Fund 457(b) Defenetl CvmprJssvtion Plab guidance of general applicability thnl ezlends. amplifies. yr modfirs the Revenue Ruling or Revevee Ptvicedvre or IRS Notice or IRS Annouveement. 3.30 'Ivternvl Revenue Service" or "IRS" and tefets to the Internal Re l- Service. n division of the Depa—b of the asury vfthe United St, of-, dw.attdtherebyav vgebb ofthe government vCthv USA. and an related departments. divisions. or olfces under the supervision of the seerotary none Treamry Done usA. ns (any of me following): a miry—b- or custodial oebouvt lbal se,I6 the tequim of IRC § 401U and IRC § 457(g)(3)by of airy co R hf, it elvthat may be held by the Master Trust any Fmtd shags :h,, —y be held by the .Maser Trust: vn interes under a group trust (as desu'ibcd in Rev. Rul. BI-100) that may The Master Tfusl shall not hold any Investment that has provisions (whether express or vuoryoremd by refrevee or at late) that world preulttde the eorreu application of the Plab or the Master Trus AgrewnenI, Fach Plan Investment that is tut held under n Master Trust shell meet the requirements of IRC § 401(f) and IRC § 457(g)(5) and m Ne Gdlest extent not probib"d by. shall be for the oroNsive benefit of Participants vbd their Beneficiaries a—bbbg to the RU For any In of held by the Moser ltust. the Pleb Adminismtof shell hold all Ivvestmcntsutn its name as Plan Administretor and subject to the provisions of the Plav_ The Master Tmsl or the Pleb Administrator shell tnnintaib (or cause to IR maimaiveU) the ivdicia of otwn—I p of each Investment within the USA. except as otherwise permitted by "CF.R§2550.404b-1(b) ,pp- es if this Plan wen a plan subject to § 1104(b). All Ivvastmebts to be used under the Plan must be spec fied by the Master Tmsee. The provisions of each Ivvesmebl(ibdl dibg any provisions stated by each Investment s end each Fuvd's prospectus and the statement of additional information) arc to then ,b not 1with the Plvb ibwrporated in the Platt by mfrrence. Trtst adopt the provisions of the CIIiStreat Mutual Fund Select Portfolio.. Croup-Ttvst Ueelmatio, as amended horn time m time m apply to the tmel ereamd for the Play. 3.sz ` Adyi baz thelm untiU'SC nbye§202(eHll)oftne Fedual lttvumierit Ad,-- Act f[940. C. ¢s amended [ IS U.S.§ ngme11 "I'll, g,,ibg r —,,—b, advice) Participant or P� bb, bb, consimte an lb—,,—b Adviser 11 11 anvger 11 "Ib,"b" "I'll 11 11 the I'll or IIIMIIIII A, b, llb,d� b—I.- Nb (.r the giving -ibb) . ..y Fund or 1. llhs,— f b,,y 1-1 �bl d— not Z—, . en .--, a, epplibbb, ., relevvnl in Ihb --, any United SI.- lb, ., Florid. 1., � trading, ,If,,gWbb organization Cb, " 1� bl"Rules f bl, Practice, a �cArbitration Procedure, - �d, and .1 NI, of Ylb, Nn-M Association of Securities D-l—, Inc.[NASD] and the -, of the — that has the duty or holds a Dower 1, g,,, investment d,— ,.b N—bbbg t. P—kib- 622 2 Any r,f ebb using the term or word h--, b, —,,I—d ,—b as an invesor regarding oIly lnveslment or ontleranY lavenment U, means the pb—., who has issued or issue vn lb—l—, held regvrding the Plan. An may b, , an insurance company,., a — -- "',p"y. or IN issuer of ., other --bl- or mdi— of bll—h, ., bb.1r-.1 --h, 1� is held as . Plan When Ppli.lb in the —l—, the — Issuer .1,, .,I.db, Ih, dbf--., of —r p—ibbd by 15 U S,C. § 771,(4) ns the — —.Nd - —.--d by the MbIl, T-1 Agl-- F., pntposes of the bS,— Mbbbbl Fbbd Select P.afbfi., G,..p T,.,, the —1,, Tis — the Plan -Trust. "7 lb'° day of D,,—b., IS, ns may ba ementded and —,-S, by and b.1—b all ports., that — now or may h—.f;', '11— P.111-b.9 '-pl.,, of the Florida M—i,,[ -- T— D,bd antl the --d-k named as _b-1111, pnrmant to p.lill.b, of the A91-11.1. whiis tI,, age clamed by the Participant which :nay not be narliw than the—b"i age al ch the Partiupant has the right m [wire without the consent of the Panieipming mployw and nedinrely nreduced t bwreGts ender the Participating Fanployer's basic rwirw�ent plan end which may not be Inter [ban the liner ofthe Panicipam s age'lOYx or the dale oflbe Pvt p 's Severance. If tha Panwipant will not become eligible to recwve a b—F., under the P.—.pwmg [mplayer's basic retirwnent plan he of sbe may cleat a Normal Retiremem Age that is eatlim than his or hw age h5 anJ not laic[ then the late[ oihis or her age 101 or die dale of his or het Severance. TFe Participant's Normal Retirement Age does not control his or her Distriba:ion CDmmencemeal Uate. 3.Jh `M1'otarial Officer" [oral person who is authorized to lake oaths under the law of tFx jurisdiction in mhich lhe�elevant document is signed means the Employee (or forme: Em Il ) who has Deferred Compensalioo under :he an Ln1pinyw that has passed the Tmst Joinder Agreement m become a parry to the Florida Municipal Pension iron Fund —I hus paused an Adoplion Agreemenl to panicipete in this Plen. 3A3 ' rticipa n A, ffie egteement Un the form preswibwl by the Plan Admininration), as amended hom time to time, encered into by and between the Panicipam and P-6paimg Employer under which the Employee elects to peniaipte in the Plan. 3.44 "Payout Option" tha8any, except as limited below, of the unnuiry options or other options for pymem ere available under the applicable Plan lnvestment(s)_ A' iban Unallocated Invntment, the Payout Option ate as specitled by the a:aent x ntteo agreement between the Plan Admininmtot and the Agent. The Plan Administrator shell not permit Ibe t- of any payout option [hat is based on gender -distinct auuanai Iehles or Ihal olhenvise uninwfully dumminvles nyainsl vny person. The Pl,R Administrator shall noI permit the P.—ip.n[ (or BeneReiary) Io eleo any Pvyou[ Option that (a[the time the Dis[obutio. begins or is scheduled to beein)does not etisfy ell appl-bl, provisions or the Planincluding ah applicable requirements of IRC $ 457(d)(2) and IRC ¢ 401(a)(9). unspeciRed payout option, regardless of whether the Dayout o s the ac rial equlvalem of any other p y optic._ shall mt be a Payout Option wotler the Plen unleu Participants and Beneficiuies in similar citwmsloneex li "1'ertni[ted Uis[ribu[ion" means a Dis[riFulion under Part I0. s the Plan specified by tl Pl.n D—.— Iosedter with the Ponicip uiug Employer AdoD[iD Agree and1. the mply -I IRC q 45t(b} the Maser Trust Agreement_ and any executzd amendmenu thereof, r•-hich eerher wnztib.le the Plan of the Ponieipeling I:tnploya specified by the Adoption Agreement. 1.41 "111,,, pPraveJ Dnmrstic ltelarinus Order" order thar R lawfully di —Id to this Plan and Ihol is served upon [hc Plvn Adminl—I.rt before the 1`1-1pon1 1 Dislribulion Commencement Dntc lha[ pursuan[ [o a S[me domestic mlations law creole, or —gnizes the existence of the right of au Alternate An order shall no[ be a Ml pp—d Domestic Relations Oder unless the Plo. Adminis[ramr &,ermines that the coon order on its fact and whhout rela'cncc to any other document stateall -he following'. • The coon order cspressly stvtes lhvt it reAetes to the provision of support alim.ny. or vital property dgh. I. a spl— or former .spouse of a Participant and is mode ptusuant to Stare domestic relations law. • The court or der dearly and unambiguously speoili¢thar it refcu to Jtu Pln.. oridn Ni-icpul Pension T—1 Fund Defearetl Compensation Dlan • The wort order clearly and unamb'ig,o,uly speeir- the mm- of the Panlcipnl's Participating Employer. • The co¢n order elevrly specifies: the name. moiling uddresc end T-payu Ift, fying 1,l of die Panidpant: and me nvme, mailing address. and Taxpayer Identifying Number of each Almmete Payec. • Thec order clearly specifies the s or pare n,vge_ rthe which the or Pere stage is to be determined n of the Punicipant's Ace -, be paid w segregated for the separate sdb A-11, ofthe Alt-- Payec. • The court order expressly ssetes thaIhe Altemam payee's segregated A--, shell bear all Fecs and ezDenses as though me Almmam Payee were a Patticipanr. • The coon orderifmade before Javuary 1.2002 clearly speaifies thvl any Oittribution to the All-- Payee becomes D¢y.bl, ovly alter tho P¢nicipavf s devtlt or Sesmmnee. • The co¢s oNer cloddy specifics thvl any Dlsnibution m the Altunrvm Payee becomo pvyablc only neon lM1c Alternate pvyee's written claim made to the Plan AAnieistmtor or the Agent. • The coon order clwrly sped lies met any Distribmion to vny Al-,— Payee sh ll be payable only vs vlunrp sum. • TM1e co¢tt ordu czp-dy states that it doer not require this PI¢n to provide any rypc or form ofbencfit or any option notomenviseprovided under this Plen. • The court ordu expmssly states that the ordar does not require this Plav to provide mu�,ea Der —d eomvenaaeon. • The coon oNec -p—ly scams mat any provision of It mat would have the area of requiring vvy Dlstnb¢tio¢ to an Al,-- Payee of Dd—d Compensation that is required m be pvid to awthu person under any wort oNer is void The coon oNer ex essly n s mat nothing in the .der snarl nave any alien ming any 1mg. and tM1at mthing n the order shall direct y person sta reposing o—.thholding order shall not be a Plan -approval Domestic Relations 0—if it inclndcs any pmvision tbvt doesnotrelvteto this Plan. Withootlimidngme oomprehe,,iIleffecrofthepreced order shall not be a Planrepproved Domestic Relations Order if the order includes any provision relating to any pwsiov plan_ re[iren,cnt Dlan. defen'ed compcnsmion play. nevlm Vlan. welfare beve(It plus. or emFlloyee benefit plan omu man mis Plan_ Aa order shall not be v Plav-appmved Domes(c Relmioos Omer unless the Omer p,-- for only one Ahentare Pxyec An Omer shall nee be a plamapVroved Do —she Relations Order if the ortler i bale nny provision that would require the Plan AAminiso-utor w ralculnre the am o be segregated to tFe Altemme Payee i separa[e soh-A000unt in a manner not readily wicuia d, by the Agent vecording d I[s e,.—acallable records and w-,Io regard to ph .-f for any accovndng periodthat is 1[ae- stated or othervise settled bythe application of tFu las[ paragraph of 1'mvisiw 3.I j"Acwwt'j- An older shall not be a Plan -approved Domestic Rbl.b s Ord,, if tM1e order includes' any provision that would permit the Alternaw payee to designate nby beneficiary far any poryose. However. a order does not rail [o qualify as a Plan -approved Domeslic lielations Order becatee it provides tFat any ngMs nut pbid before the Alternate Pvyee's death shall be payable [o the duly ppointed and theo-,b-.,,Iy se ving pttconal repreremative of the AI[emate Payeee 1 estate The Plan Administmtof may —b— tM1e[ Ute AI[emate Payee named by the coon Omer is a proper payee and need not inquire into whether the person named is a spouse or former spouse of the Partieipanl. 3.48 "PIun AUminis[rater"nr"AAntiolsYraYnr" means theFlorida Leegtte of Cfties, inc. or y ccessor o(it. TM1e Plan Adminictrntor is responsible for the administrehoo of the Plan Incept as' othuwise indicated. any reference to the Pian Admininmtor te1,1 Ise to the Auto theesteo[ofany service required or pe ,b,dto be performed by the Agent_ 1.11 "Plan Sponsor.. means the Florida League o[Cities.lne. or any successor m it. 350 'Qoali— Military serrim" has the meaning given by Provision 821. 3.51 "RegistureA lovesfinenY Adviser" t adviser that is registered with the SEC pu to ¢ 263(U of the f deral Irn,urrnsanre4dvls0�s Act of1940. as amevded [I S U.SC- § W80b3(c)]_ ReyvireA Regin ing Dot tvas'tFe meaning given by IRC $ 4ol(e)(9)(C). 'Restmemmn Dare„ mevns January I. 199'l. except ua provided below and ns othenvixc specified by the Plan — provisions oC Part 8 [`Reemployment alter Uniformed Servi- I oad those provisions htvt refer to Part B to the ex the provisions so refer are —live as sled by Provision 8. 1. 1. [The provisions stated by Pan 8 apply to reemployments on or after --bar 12 1994, except that any obligation under Pan 8 shall not commetcz until Octabcr Il. 1996.]. Funhec any provision tha[ was required fol'thc Plan to hove met the requieementx [or an eligible deferred _penxation plan bode, IRC § 45](b) t e before fvnuary I, 1997 that was not correctly stated by [he Plan as [hen-curren[ly in �eRee1 et the relaxant time shall be e1£ective for vll —1earlier time to the cxtem necesmry for the Plan o hav [ the tequi s far eligible deferred c mpenaau n plan under IRC § 457(b) for all Yeats beginning on or after the bfrective Dvtc. 1.54 "Ite[ of Dinribut any Dis�nbmion other than a Hardship Distribuip bra Permitted Dislribmion or a Corrective Dlsvibution that begin, after Ne Participvnes Severance and before the Participant's death. a(er December3 n with IRC§ 45J(d)(1)(A)(ii} the ti ,hen the Participant has a .cevuvnceo(otm employment witF the Paniaipating Fnployer- before lvnyery_1_2 s the Por japan n-from vith dre ing Employe plat with IRC 4t457(d)( I)(A)(ii)as to eRecl bofore(ha ,,d Tofu ReltefRewntilintiort Act oJ100t_ the Plan Administrator is entitled to rely upon the dato of Sevcrvnoe certified by the Participn[ing Employer. 49twithstanding any other infomtmion. the Agent shall not be deemed to have any flhe S Cnm f1l, edgde oC Severance unlit receives Ilse Plen Adminisratoi s certifevte of the end ate of thPonieipant's everavrL 1.56 "Serxice in[Ite Uniformed Services" has the meaning given by Provision 8.2 2. Flondn Municipal Pension True Fwd aiJ@)Deland Camw - 3.5'1 "Shares" means shares or slmiler units of interest in a Fund 3." "Signature Guarantee" r en yuareIS. of the signatum o[the person endorsing a waling that is made byn. corpornlion that r "eligible gunranlot i s de[ined by IP CF.R.$ 240.1'IAd-I 5(a)(2) 0mt is not otherwise excluded under thntaRnle end that is a member of the Securities Transfer Agent Medallion Program ["5'CAMP']_ 3.59 min "Spouse"or ps ol"surviving Spuusr" sely far the puposes of imum disuiburion provisions. the nv .1 pesos whothe s ling spouse of the Participant within the meaning of IRC b _bl)(9)(B)bv). For all purposes under the Plan the Plan Administrator may rely on any wriltcn staalnem famished to i[, antl [he Plan Administrator has no duty to inquire conceminp the non- oridemiry of Participants Spouse unless the Plan Administrator has recei.ed order or legal process or a writ— notice from any office of the IRS coocemin¢ the euslenee or son-rxis[enec or identityofthe Par[iaipunts Spouse. 3.60 "Stara" means the Stare of Florida ono includes dre manning given by IRC 4 ]]01(a1110). 3bl by RarldengNumber" M1az the n c sting givzn by IRC means each .mount detested under the Plan pnrsuam to Provision 5.2 3.61 " 1Ynnsfer Distribution" mzans a Retirement Distnbntion paid or payable to the Participant .1 ns a transfer ro has [he meaning given by Provision 824. 3.66 -Unalloeared invest—,"' means he Uni[cd States of America. Fladda Maiudpal Peur'on buss Fnnd 41101) Campeosation PFvn To die exam th,t any provision of the Plan is'intended m smte a provision thni minis a r,quiremens of or by inference to IRC § 401(a) or IRC § So I(a). USA shall be constnicd cording to I $ 1101(aJ(9} except as'othenvise required or pennin,d by the Inmmal Revevue Code for the sppl-ble reghb.bbbbl, each dale provided for valuing Plan Aaoun11 a sp-b,d by Ibc Plan Administator under, surinen pfocW ure(s)_ A Valuaion Dal [het is n Business Dey ends al the ,ame time lhal die Business Day ends- A Valuation Dme that is nm a [rosiness Day ends at 4 p , New Vork Tim, means the time after dre close of regular trading mrdns the ulendaryear- For all purpoxes of adminisaring the Plnn, the Plnn Administrator shall be cndkd to 111 n the nssnmption dtm a Panioi-,, taxable year is calendar Year, unless the Penicipnnt gives wrine,, noire s,e fy�b2 his or her taxable year. 4. Participation in the Plan 1 Enrobment An P\nployee becomes v Punlcipant only by wmpleting and executing and delivering all of the inswments or Coons required by the Plxn Adminittrator. 4.2 Parliciparton Agreement If the Employee elects to make Employee ploe C- lbntions. the Penicipanl sM1all enroll in the Plan by ex nting a Panioipation Agrez,nent (on the font pas, bed by Ne plan Admim'stmtor) m make Chore Employee Cob bmions, When entering into or emending his or her panicipation Agreemenn, the participant must agree to defer Ne minimum amount that is required under each Plan Investmont indi,n c by dre Panicipani s 4.3 Application for Ph,n lnvcsanwvt As a condition to panicipalioa iv the Plau. the Panicipn shall complete the epplicnlion fonn(s) provided by[he Issuers) of any Plev Ivveslrne110) iv order for the epptopn'ate eontrac« s) or cenifi.*,) to be issued or record established. J.A Employer responsible to enfoll IF the Employee [its m complete and ezeeute avd deliver any enmllmen[ forms required rordivg to this Pan, he or she sholl not be -m,[ed m maelae an allocation of any Conttbutions under the Plan The Participating Employer m'the Plvn I-mishator shall not be resportsible to notify any Employee that he or she has beeon,e eligible m participate iv the Plan. The F.mployce shall be responsible to know when he or sFe bewnics eligible to pvnicipa[e in the Play. and shell be responsible to [ako any nl,,y ne d Contributions. to l— in the Play. TFe Participating Employershall not be liable for, any misseontributions. 45 Tinw for CovtfiFutiovs to begin Ag C—bibvt will be de —d for any calendar until only if a Pen inept ree providing for lFe defenvl Fos bean entoad lnlo be6re the beginning ofthe mouth. 4.6 ndm of Par kipat Ag-11.1 Subjenm1. all of 1. provisions of the Plvrt a Participant may at any lime amend his or her Panicipation ASreement to -1191'. the amoum pf his or her Contributions, his or her investment directiote his or her designated Beneficiary(,). t of Conn'ibutiona -11 mke 1.11 as of the next available pay perI.I iv Ole vex[ calendar month. A change in the investment direuiou for Contributions shall - eff- s of the nest available pay period. A Gtnnge iv the 8emeficlary deslgvminn shall take efYeet when the Panicipation Agreemem is accepted by the Plan Administmtor or the Unless his or her Pafticipatlon A91-11em is otherwise amended_ if a Ponieipam is abs,mt Gov, work by a leave of absence, Cunttibvtiovs under the Plan shall continue m the vt that compensation cominnes. or the Participation Agreement -11 remain in effen avd Contnbutians shall resume when lM1e Participant returns to work .N Dizabilill A dis W Participam may make Employee Cbn[ributionz durinv any portion of the period of his or her disability to the extern Ihat he or she has actual Compensation (nut -Il" compensation avd not disability beatefits) fiom whidh to make Employee Conabu,iovs. Florida Mu —,I Pension llusv Fmtd 4Mp De[etrcd Cmn en o Flan 5. Contribution limit 5.1 Deferrellimit The rnaximvm ,,mount deferred for any Parlidpam for any taxable year of the Pvrticipant shall not exceed the emouat specified by IRC § 417(b)(2) end to tde extent applievble. IRC § 45J(b)(3) or IRC § 414(v). For the ptr — of the preceding sentence the nmoun` deferred does n-ncluding v Transf Covlrlbbtion to the c avided by pmvrsron 5? and does not inolude any vaalircd ex —benefit eauns —me the extent fmm —herr eligible deferred eompemation plan (withins n the meaning of IRC § 4T/(b)). AVY tmnsferted em atntributio ed es Cosubject to the limitation of Provision 5.1. exoepo pnr the aomount of 10 etl vompensahon dunn6 the Participant s taxable year in which the traysfef occurred which is treated as referred Compmvsntiov 5.3 Q-to'd governmental exeers b,—A arrvvgement Consistent with IRC§ 457(e)(14)_ Provision 5.1 and IRC § 457(e)(2) shell not apply to eny qualified eticess bevel` arravgemev` (as de — by IRC § 415(n»(3)). and benefits provided nvder such m rten,—,, shell not be taken mb, account in determining —Iherthis Plav is av uligble defend—pensallon plan. A Corrective Db1fibvtiov f excess elective defertals shall be paid if the Participant dcsigm`es (or the Padicipan` is deemed to have notified dte Plam Administator of) en of excess delenols eerofding to Provision 541 and the Distriba`iov satishus Pb—,— 5 4 3 i Deflgnatib. of caress defe A, The P—ipanl shell designate--, deferals by delivering to the Plan Administmmr a n claim in the fomr p--d by drz Plan Administrator tha` ce b— end vthvnvise esmblisM1es to the satisfauion oFlhe Plan Adminis`mtor an amount of excess deferrals. If the Plan Administator finds `ha` `he Pevicipont has excess de —1, fot'thc ralz,tdar Yeer colevinted by taking into account only Covtnbmtions under this 111. end other plays of the Adm-^ s`r of the e—, deferrals so dexemuned- unless the Perticlpant certifies that he or she bus received a connotive distribution nnderenother plan. sa.z camwar otanoramei Tne in a mm-me m n der Halo d,11 be de,elh i.1 ad & m soname memos or almwdng income or los1. wr mis nmmdse, me memos des.dbee m ireesury Reg. (1.402(g}I(d)(5) is deemed to be a reasonable method 5.a.a n utea The amount mtbediunbuted as i Corrective Distribution snail ll the amount Aesigpated (or deemed b-i- ted) undo Provision 5A.1 together wi,h any ellovvble income detemtinuA under provision 5.42. 5.4.4 Plav Administrator vat fesp-oble to deferrals" the Plan Ad,bmt,c'amr -11 not be respomible to dmcrznine the amount of any excevs deferrals. 6. Investment direction 6.1 Participant's duty of investment direction Each Participant (and. when applicable. Belt Beneficiary o Alien to Peyee) zhall subjec to the requirements of.y applicable htvesutten, Law and of any proocdares euablishcd by the Plav Admiviurntor and the A-,, direct the ivvestmettt ofhis or her or its Account(s). The Investor must give his or her oe hs investment direction accordinS to the provisions of this Plen_ including any procedure or form required by me Pl.. Administrator or the Agr or the truer_ The Plan AAninisvator and —1, Investment may. but only on a uvifomt and consistmn basin impose rc...... W rear, —.,a on the Crcquevcy with which all b—,,.rs may give tt direcriovs_ Iv uddtion ,o (and no, by do mb- upon) such re s the Inveuorecanno, give more men eve invesmenr dirsetion in any Valuation Period and the lateu investment direction iv a Va—.. Period cancels all eadiur imm�siuevt invetmcnt dheaions in mat Valuation Period. -2 Invesror During the Panicipavi a life. the Paaieipant shall direct the in , of h'v m her ,. During the Panicipan,'s dsabi,iry or incompetence. the pvvson". M1ns aumuriry ccoufo the Participant under a power-of-bl—ny accepted by me Plan Ad—,—, or the Agent according to Provision 1 ].1 ] ["Power-ofauon,e)"j or. if them is no such agent, me person that is the duly appointed and currently serving conservator or 911,eb n d the estate of the Pb b,pavr shall dire., the lvvestmmtt of the Pani6j,b'z Account After the 45'/@)Ocfe Pnnivipam's —,the Benefidt, shall direct the investment of his or heror its Account or each Beaelieib, shall d— the investment of his or her or iiz segregated A --Beneficiary may delegate investment ropouzibility for all of his or her or its an agw[ or at[omey in -fact by giving wmten no cceptabla to eM1e Plan Admivt'sretor and Cum ishing a posvervof-ettomey that m accepted byahe Man Admini,stmtot' ccortll,9 to Provision I]. I). A I-icipam or Bill-,ory cannot dcgalb imrenmant risibility for pan of Ris or her or its Accnunt. Solely for [Re purposes of [his Pan and solely [or convenienw of reference the person that Fas [he dory or holds n power to give investment direction is referred ro as the _Investor". 6.2.J invesmment direction must be in rvriting Each invesI.— direction zball be in writing and shell not be proper unless the writing is signed by the Investor c Excep[as otM1envise specified by the Agent' s investment direction v procedum. aml "signed" shell he c truer) u ording to ["Signatnres and broad acceptance of writing ]9 subjecic [o any sr why proceduw required by the Agent or the Issuer. Without limiting the comprehensive effect of the abovv_a signed writing include, to the extent permitted by [he applicable Inveetmentfs). a proper telepFone communication made in [Re mummer pre—ibed by the Agent and the Issuer 6.2.4 Prapef permute receive investment direction The Investor shall give his or her or its imvestmem direction only w the Plan Adminlstmmr ecept as otherwise pemmitted by a uniform wn n procedure adopted by the Plan Admiriiztntor. Notwithstanding that [his Plan's procedure may permit the recortlkeaperm any investment direction is t effective unless and omit .-molly tdelevered im golruicli-z.o sad vecepted by the Plam Idminlsvmmr Por any Investment. en n withs[andimg any service or assistance that may be provided by the Agent only [he bl) has athodry to accept an in nt direction d any direction is effective only whey antl as so received. Nothing innth, I'lon or otherwise shall be—,—dto anlnrge or b,,,, [any legal ,bligal- fthe Agent. 6.25 Inrreztmnnt can't avoid Distribution Commencement Date No[withsianUing any Drovizivv or privilege for invesunemt d-,lion, if, coristsem with Provision 12.2 [`Election of Dlslribu[iov Commencement Dute'-]_ [hu Participant or if. witF Provision 13.2 ["E,lection oC Distribution Commeneentent Date'f, the Beriefite cry has selected more than one Disrtibution Commencement Date, be or she or it her [s Account to ony other pottlion or Investment of his or her or its Acw[tnl that has a diffeant Uistnbution Commencement Uate. cept a ovlded by P on6.0. It, Plam Ad- cevpt every I+roper nt dire and the Plan Adminiaoobblttbd to omply with such proper tmenment dimoupn. Without lim hug [he mpahev eRec[ of bbe above the Plan Florida Municipal Pmcaion Tnul Phnd Anna o,e Admivist,etor is vat under any duty t- question any investme, direction of a Panicipanl or �evehciery (or his or her or its agent). o make any invest or —d educationd recommcndati or to pmvid, to any p,aon vty inveslmem edvo c inveslmenl . or to provide any ,mestmenl information. If de P:i,w,pulivg Employer or the Plan Ad,,,mi—tor n, the Master l'mst p,.,dos any nt education or infomwtion ot advice of any kind, the Patticipatine Employer and Ae,Plan Administrator ar nndth, Maner Truss shall not be liable for any 1-s or liability onsivg of t of such investment educeuon o, inveslmem iv[omtaton ormve,,ment advice b.A ivt'n'tmevt direction refused The Pion Ad.mktr,-r or any person may decline to implemem any invetment direcion if • the person receiving the investment direction know order has der—.,,d( drat the inveato, is legaity meompuwm • the Plan Adminimmtor determines land,, a reasonable written procedure doll -only appliad to all Investors) th , 1,, m—,,t 1 drec — could result in a loss in excess of theappkable A-- (-r sub-Acmwt) balance the Inveament direction wonid be cmnrary m a man order, even if the coup oMtt Is not a Planapprovrd U-medic Relatioai'Order. • the inveslmem direction would jeopardize the Plc,, (-r the Master Trust'.,) tar qualified rams • the investment d-lion would gen— income that would be taxable to the Mastzt • ,her vtd--would result i, a prohibited iranaacu-n will,in them ring of IRC §v503 or mdicia of ownership of en investment or any assets -fthe Plan -,side the p,kdiuion of INe disttiet cours of the USA .,.,,side the ju,i—lion specified by tha Metier Trost Agreement. 6_i Failure to lice Inve,ment direefiov If at any time a Participant or 8enehciaty fails 1- se his or her -r i,, duty of ,nvzstrncnt di,ection [or an ivvesbncnt direction is refused), the Plan Admini,,.., shell, m the extent o(ihe Gilure b",b,Ar lnvenmem direction, cause the Account or applicablz sub Accoun[(s) or se g-d Aceounl to be invosted as specified under e wduev procedure -,,d by the PI.. Admi.—I., 6.6I.1e11me.tdi—lion during domestic reivtioas or 1,.11,, pl, matter Notwithstanding any .1— m the Plan Adntibisttamr (or m any other pb— dealing wb, or perfomrivg "'ices regarding the Pleb) Ihvi v d.d—II, relations order or ban ,d,y demand or wart order or similar cob,, oNer ,eluting to the Plan is or may be presented, the Panlolpa.t shnh cominue rob dl,hisd p—I!, oC investmenn dihI PI.n A required by the play unless a fivaicoutt order expressly provides otherwise and [he plan Admininralor does not challeng, contes, or appeal the won order. If such a n odder pmvides for an Allemate Payee (or any person olhel dun the Panicipant)wo have aright of lnvestmem di—w. under the Plan [he PbAdd,,Id mmr shall give effea m tha[ w.a oNer to the extent permdIld by the Plan. and Ihz Plan Adminisnnmr may give elect to that Conn order even mvtiary to tha Plan if the play Adminisnutar does not challenge, coolest, or appeal the coon order. The Plaa Admivis[ramr may oh,, the Participant's or lkl,fcidl I A-111 for the expenses of execntivg his or het' or enI direction. If such expenses are so ,barged. the Pled Administrator shall maintain reasonable procedures Io inform Investors that such charges ere made and m inform each Invesmr as I, [he actual expenses charged to the Panicfpan[s or Beneficiary s individual Accnu.t. If the execlniov of au investmant direction world lost, an unustwl charge or any tax tinder the I,ntherw under applicable law any pars g the dia. -, —y @ut is not required l.) require the lnveslor ro acknowledge iv wdti d,ot he or she or i[ understands each alurge or tax end how the charge or tux is r 6.8 Emplm relievcN fromild.c u'pm bifity To the extentzof the Panicipanfs or Benefi,, , invesmtent direction. Ihz Pattidpaling Employer and the Plan AAni—b-, and the Metier Tm t and the Agent and each Lcaler and each pen'ov perfonninK se regaNing Iha Plav is aliened of say frduuary responsibility and every kind of liabdiery cod is not l'espo 31e for or Liable 6e evy damago expense or bIl— laim which may arise fi.m Ihat Penicipanl's or Beneficiary's -6. of covirol (or fiom Iha[ Panicipavt's or Be—,- I failure to exetrsse his or her or as duryofinvesiment direction d., per[icipedng Empioyef not responsible for Pia. (......rent selection Exccp[as odlenvise rul—,d by the Elubling Statute each—icipao'ng Cmployer and hI Adnn or doe oe have evy msponsibiliry and shell voI hey .ny hAild, reIali 2 oallle selerson of Plen Investments. Without iimiring the wmprehe+ssive effect of the above. the Penicipetibg Employer is votlizble for loss es or dmnages arising out of any n approving or purchasing any Plan Inves'Imrnt«s). any bankruptcy or insolvency mimpvinnene or liquidation or rehablitetion or supnrvinon of any Isxuet(a). any ad ' peirrnenl oC any Issuer s ability to meat hs obligations. or [hn performance of any plar Investmems. 6.10 Partleipx[ing P,mployer's vbliehi—is hntned The ;vl er Trustee's or the Panicipa[ing Employers obligation to pay Deferred Compensation shall b., exaccd Ihu acwal amoum or value fthe PnnicipnlT A— 1, 7. Alloeatioo methods 1.1 Enipioynn Cuntribn[lovs Each Employee may elect m dew a pbi- of Iris or her Compensation e.s Employee Contributions. subject to all limitations ofthe Plan. 7.2 Employer Cavtriburions are disnretionan This Provision applies only if Employer Contributions are penninM by the Enabling Statute. All Employer Contrlbmlolls hdo Ihis Plon arc disaeaionary and the Employer Comribntiom made (if any) for any Year shall be as deGarttl by each Panlcipating Employer- All Employer Conributions :hall be ailocxled as specified by the Parricipaling Employer. "1.3 Plxn Auou ms The Plan Admininmtorshvll keep (or oaase to be kept) the Accmmt for each Pvnicipm (or Beneficiary). To Ibe extern IhnI an A-- is held under an Allocated Inv h—h (v deFived beta e. gains. loss es. be, elements of invesimem return or wmracl value. and ex shall be allocated as provided by the lnvemnenh allocated as provided by a wrihen procedure adapted by[he Plan Aebhhi, tutor, svhiihh may be an agreement between the Plan Administrator and the Agen, ailoc i N. rights ere aced by Any vnan Aelloion of Cnnbibutions or inveshnern earnings [o any A --shell not cause thn 1,1 m rcihave avy tight, tit le, or merest in any assets of [he Vlan, exc pt as expressly provided_ b by the Plaa Florida M,n,k,pal Pension Tmn Fund 457(b) Deferred Compensadoit Plan 8. Reemployment after Uniformed Service 8.1 Protection of persons n'Ito sen'e ina Unlforme<I Sen'Icc To the eaten[ required by 38 Ul-'o 4318- a person who is a member oL applies m be c ember of. has performed. applies tpuform_ or has an obligation to pufotm zuviee in a Unformed Service shall not be denied airy Do2ned Compensation or right undo Nis Plfln r tNe basis oP such membershi0. PerPormenee of urviee, application for servicr_ of obligation. Consistent with all provisions of USFRRA, tiny provision of this Part amd any Ihe, right under the Plan nosing oat of or related b reemployment alto Servim m Ne Uniformed Services does nor apply unless and omit: Nc person is eligible far reemployment under 38 U.S.C.§4304 [honorable discharge]. the person applied for reemployment in ompliance with 38 U.S C. § 4312. and the Panicipavt nr Fmployee [umishoz to the Plan Admivisxrator sv[isfactory documentation concerning Nn Service in the Uniformed Services 38 US C. § 431)(,)(3)(f3). RI.1 6[fective Datrs Consistent with USFRRA § 8. the pmvisiolu' of United Slates Code side 38 ehapler 43, as n effect on Nc day belirre the date of madmen- of USFRRA. apply to reemployment, before December 12. 1994, C nsistmt with US —§ 8. the provision, stated in Nis pan apply to ""I,ymems on, 41, Decunber 12. 1994, eeeept that any obligation antler this Pan stroll not commence until Octobar 13, 1996. Sd Def nitinnz Solely for Ne Proposes this Pan (including any Provision or Definition Nvt refus to Nis Part). evoM1 of the fillowmg farms has the menningztamd below. "Qttnlilld Diilitary Senice" with IRC § 414(u)(5). any Service iv fire Uniformed Srn'-5 (as defined below) �CNeSmdmdual is entitled 10 reemployment rights under USER- with —1— 10 snan,amiee. 8.2.2 "Santee in the 38fofined Services" with 38§4J03(I3). the perfan of duty o Wdnnlary o nvolunlarysbasis in a Uniformed Service under I—mhm -fro ry and includez auive dory,a ty for ialac auryhon eant, fro e, fu . National G erd dury�tand�a perioJ Cor which e person 'sa ab,enr fmmt alvposition oC nploymenl for Ne propose of on examination to dGumine the fimesn o[ Ne person to perfomt any such duty. m 8.2.3 "Uniformed Service" with 38 U.S.0 § 4303U6), any onn or more of the AnnM Foxes. the Anny National Guard or the Air National .card when engaged in active duty for paining or ve dnry rtaining Por full -lima National Guard dvey the commissioned corps of the ublic Hexhh Sarviee or any ocher mregory of pe — desipraled by Ore President of the USA in rime of war or emergency 8.2.4 "USERVA" m'the O,if-,red Sn .Errryl �orert and Reenry]a3marr Righro Acr of)994(Peblie Lew No. 103-353) [O-ber 13. 19941 codified at 38 U,- § 4301 8.3 Sefricecredidng Conclnrnt with 38 U.S.C. § 4318(a)(2)(A) end IRC § 414(u)(8)(A), a person reemployed under 38 U.S_C. § 4301 , seq, shell be treated as not having inourred a breakiv-service by rceson ofsvch person', period(,) ofQualifed Military Service. Con.i 1- with 38 U.S.C.§4318(a)(2)(B) and IRC§414(u)(8)(B). epos reemploymcm under 38 —E § 4301 et seq_ each period of Qualified Military Service shell corrotitute under this Plan for the p,— of desert mmg the nonforfeiUbility of the Participant's accrued benefits under Ili, Planand for rho pury—ofdetenvi ,g the accmal of b—fir, under this Plan. 8A Compensation Consistent with 38 U.S.C. § 4318(bN3) and IRC § 414(u)(]) end IRC § 45)(e)(5). for th. purposes of eomp.ling any Covr butions required of penniued under this I- _the emp)o d Partinp,-, Compensation during the pen'od of Qualified Military S-- shall be either the Compensation the Panicipant world have received dun'ng mcb period if the —k,pam ware nor in Qualified Military Service. daermined based on the rote of pay the Panicipant would have received from the Ponicipating Employer bur for absence during the penodof Qualified Military Sery eiftheb.,,d S—pert ould hen ived dun'nS the periotl of absentce for Qualified Military Service walnut reasonably 12ltn. the Compensation from the Participating Employerdurine the moedt period [or. if shorter. the entire period of employment) immedivrely precoding the Qrtnlified Military Service. 8.5 \ - 'e Eme�c plr Con Cotuiscent witbs}g4318(b)(I) antl LLiC § 414(u). if a person is ieemployeA und<r 38 U.S,C § 4301 et seq.. with respect to the pebd(s) of8ervice in the Uniformed Sen'ioes the Ponicipating Employer shell pay 0f it has no ready d sal and the Plan Atlminisnntur shall ellocotc ro the reemployed Panlcip1n1 s A any Poniciparine Employer Nonelective Contribution far the Panicipant in the amount (without invn'tment mings of any kind) then wortld have been allocvred to the Participant's Accouur if the participant had beau, --lly at work for the Ponicipating Employer. onaa Municipal Pettslon Tmn Fwtd 4i]@) Defemd Compensation Plan 8.6 Marching Empoyer Cvmrihndons Consistent wish 38 US.C. § 4318(b)(2). if a person is n ploycd uvder 38 U.S-('-§ 4301 eI seq. and makes Employee Contributions as pemri[[ed by Provision 8.7. and if pemtltted under the plea, with aspect to the pc,iod(s) of Service in the Uniformed Services, the PanicipalinE Employer shall pay (if a has not already I— m) and [he plan Administrator shvll allocate 10 the reemployed Panicipanl's Account any Participating Lmployer Contnbu[ion for the Pvnicipaut iu d1c amottnl (whhonl investmem iaoomc or earrings of any kiud) that would have been allocvled to the Parziupvnt s Accostnl If the Panicipam had been actively a1 work for the Paniupa[1ag Employer to the ezlcn[ Ihat the reemployed Panici 1 mvkes payment 1. the Plan for F 1ployce Coatnbmioas. Consistent with IRC § 414(u)(2)(A)(ii), the p icipatirg Employer has no obligation to pay Inc Mulching Contdbution wtil and its obligation is only 10 the extent Ihm the reemployed Paniupanl pays his or her Employee Comdbuciory ifper mM under the Plan. 8.7 Employee Con Consistent with 38 U'S.0 §4318(b)(2) and IRC § 414(u)(2). i(a Person is employeA under 38 U.5 C § 4301 e[ 1, with inspect to the periad(s) of Serviec im the Uaifomted Services the Panidpant may pay_ if permlmed uvder the Plans (if he or she Luz not a .dy done so) and the Plvn Adminisrcalor then shell allaavle 1. the reemployed PvnicipentI Account any Employee Coutrlbutions iv the amount requited or any emonn[ permitted that would have been required or permitted to be made end then nlloented 101ha Panivipanrs Account if the Pania'pant had been acdvxAy v1 work for the Pvnicipaling Employer_ N. suoh payment shall exceed the vtnouml lhereempIo d pars.. would have beau perm ,dto ntribute Fad the person remained continuously employed by the Panicipalinp Employer Ihrotlghmll his or hor Service the Uniformed Services. Cottsistmtl with IRC § 414(ux2)(A)(i). any suoh payment to the Plan may be made Auring the period beginning with the date of reemployment and whose durnlion is the lesser o[ five yours or tlrree times the perod oflk awnployed persons Service in the Uniformed Senices- 9. Plan -approved Domestic Relations Order 9.1 Dontesllc relvtions order procedures The Plan Administrator may (but is required 10) establish w ett procedures for dclemnining w Ihh , an order dialed 10 the Plan is a Planapp, v d Domestic Rolvlioas Orde,. 91 Derertnlna[ion os to order's sus[us The Plan AAmi makea date whether order dimeted to mvy [he Plm is a Plan-npproved Domestic Rela[ ons Ordu. The Plvn.1 Ih, da, h. may delay the comm®memem units considernlion of any order until the inter ol'1he dote that Is 3h ears after the dote of the ghl, or the date that the Plan A.p-d valor is selispcd [na1 all rehearing amJ appeal rights with aspect to the ortler have expireJ. 9. b, 1. ..y — p— —, with or Peff,—,,, domestic . dbii, may,b,, i, b, y b, presented to bedetermined I, a Plvll —ed D.—,,c -n— Odd, the —ip— ,W1 I-.— to exercise his or 111, d,I,, If investm,tt dlii-,I.n 11 req -d by Ibe Pl. I oMer expressly provides otherwise and the Plnn Administrator &-b..- iba, the — order is a Plan -approved Domestic RO,i— Od,, If . Plan ,,d I-ddlbl RId.libb, Odd, pbb—, for nn All-- Payee .1h,, Ihen the of invcnutent direelion tinder the Plan, the `[a,, Adminisualor lbel —, bdd, to the --1 p,.illd by the PI,. If the Pl,,, Ad,bimm.b., d--.- that an order is a Pluv -,-Id Domestic R,11,1,— Odi, the Pl- A—i—I., T—d, ., the Issuer to sense the d by W to cubic might b, inconsistent with) the Pl.. dppb,,d Uomestic 9.5 D.—I'm pro ceding Each of di� Pddkip,Ii, Employ, and the Master T—ld, and � Plan Al—, ,.d the A,,- ib'd evclt Issuer and .., peoun serving under contract, oIh,,.,, , ", respect t. the Plan shall not be obi I d,,I,d to Incur Ib, to &bbd —, ., set d, any j.l,-I decree. b, db- re ring — I. lbd division. ib—h — nI, .—h, , n of or I— .. the II-6p- Plan Account or any -111d,I11- 111lidl,,9 (but noolimired to) any db—b, reln,, —dim, Notwithswnding the 5,—, if y .,h ,d—b lsjoined in euy p—,,d,,,g, the ply—y I- such -- as I --Id uvry or i- I p.dI, d,y z,Id all of I, legal rights .,d the Pli.pfor — 1.11 reimburse dII Ideal — of lawyees and Idg.1 vuislants - -- --,,"y iv,lrred by sucM1 parry. 10. Permitted Distribution W.1 P,,,.nildd DiltIll-i- d, i—ill hlilip— C.,i,, — —1, IRC § 45700(9)(A), a hb-- (b. no A-- —y clues 1. -- . P—illd Di,lbb.— if the Paniclpani , A-- d-, — eed the .... -- has — -- any described in IRC § 457(,,)(9)(A) d P.bi.Lp..,I, h., ..d, .,,d N-- bil p, d C.-,b. I— during ` m :g the two-year period b. ends on the date of the Pe Distanddl-i- the Pamcipnnt hes of press tiny received any Permitted node( Ih., Deno M,mi. m Peasmn rn a road anml oerer,ea eomoea,a,ion Plan 1h.z earnanea Dlanronrmn pawasam,np,aa, n Pe,mmed Dlndbwion anon ne payanle omy a: a mmp eom. IL Hardship Distribution I t.l Hardsldp Distrihutioa If, before his or hu Severance, or nflee his or M1er Sevemnee vnd after he or she has made amble election of his or her Distribution Commenc —, Dale bn, before his or her Disc p-0 by th,enc Ad Date. ,6e Peniu'pan, hvs an t- I I., fl,e emergency that is nppmved by the Al, Adminib r) ns satisfying Provision 11.2. the Penicipam (bo, no, e 6enefciary or lhernn,e Payee) is en d b to receive e Hardship Disnibutio„ (es ensM1 lump sum) of the amount ,c h,,ined by ,he Plan Administrn,or ,o be ,ne amount rhais reasonably needaA,o svnsfy the cmargancy need 11.2 Defnirion of unYoresaeable mnergwcy uvforeseevbla emergency mevns a severe financial hardship to ,he Panicipvnt resul[ing from • asuddm, and unexpected illness or accident of,h, Panicipam. or • sudden and uncxpeeted illness or —id— of a dap ,, m (as --d by IRC ¢ 152(a)) of the Participunl. or • loss of the PaniciDanrs progeny due to ensuelry.or • older similar and ex,raordinury unCoreseeeble circumnences easing as a resuh of events beyond the control of mu Penicipnn,. A need to send the Panicipb. s child to college or a desire to purchase a home is no, en unforeseeable emergency A Penicipam', (or h'ss er hu dependeol's) e unfi,reszeable ency and a Hardship - bmion shall no,'be paidno tl,e ez,ent diet ,he f,naaciol hardship is or may be relieved • —gh rcimbnrscment orcompensation by insmm,ee or otherwise, • by ho,ro,ving from commercial sources on reasonable commemlal te-1 to the extent thar,his borzowing would not itself canoe a severe financial hardship. • by cessa,ion of --,under the M. or • by li,,,hdion of Me Panioipanrs other assets (including -- ofihe Panicipan�s Spouse and mivor children (Fat are reasonably available to the Panieipent) to the eaten, ,kat this liquidation would na itselfcaose severe 1nan-1 hardsh, Fur the puryoses of the procedlug scntenee. the Penieipvnr's resources shall be deemed to include n— essas of his of her spouse avd mivor children rite, are taawnnbly available to the PwticipI however properly held for the Panicipanrs child udder ml irrevocable vus or vvder a Un f rm Gfs ra Afinars A, Master Tmsteeshlp or UnFf—, Transfers to AT — 1.3 P ne Irardsitip The Plav Admr �t date wbe,her ,Ire of ti consvmte an nvfomseeabie cmergcntcy'withiv the meaning of Prov Lsiov 112 Following a mtif—I procedure. the Plan Administrators determination shall et tsidcr any f.- or conditions deemed necessary or ndvisable by the Plav Adminfsttato, and rite Panicipam rhail be required ro submit any,-- of his or her circumstances that the Plan Administrator regvirrs. The dete,roination v whether the Pnnlcipadt's of hafdship shall be based otsthe fads of each ra ov — houreVcra that all detenoiner-as to haNshdp shall be—fonvly and coos ,—Illy made aceordine ,o the Vrovisiovs of the Plav for all Pacncipants iv sim filar circv..... cs. The Piav Administrator may require that any statement made vs pan of e claim far a Hardship Distribution be made under penal,ies of poijvry. Tltc Plan Adminisu'awr may require that any sld dt made as Dart of v claim fora I1afQsitip Distribution be signed to the presence of a Notarial Officer. 12. Retirement Distribution Iz.I Rerberrrent uisvibnnon UFlon his o,' her ppli- ee. the Paniclpavt is entitled to receive his or,y Accounrl.o, r than tFe applicable bfdtr bor n Commeveemen, UateJ under any Payov, Option ,hv,tsntisflcs the provisions of the Plnn U.I., Transfer of Deferred CompennIb.. fn another eligible Penicipathtg dll i evt with b d ¢ Ah' lit, A upon his or her Severance.. Phn, A unt .-elect (in the "ght prescribed by the Pled Admivisimlod m h.nsfer his or her- -,.sand his or her rightr in and to the Plav to another eligible de[evud compcnsa[ion plan ,within the antra Municipal Pension hnn Fund iP(b)Uefe,re on Plan ning of IRC4 457(b)), peovldcd lhaldre Plan Adminlnmtor is s,lfsfied met the o,her plan will aauD, Me,ransferred amount nod obligation. I z.13 D«raed m:nronron ueon nis ar nee severonee, ie,ne Paninipans Auconm 1a no, more man so tas of ma dale of or d,e Vuh,mion c next follo,vinF his or her Sevuanm)_ [he Ponicipam shall be deemed ,o nave receivedi,da full Rairemen[ Distnbwion. 12.E Elution of DisDibution Commm,cmuent Date If the , 61,,pon,'s Severance occnrzed before October ., h, d 1. not later man ,, days after the dale oC his or her Severance (end not earby than the tlme of the Severvnec p— Panicifhi shall irrevocably. except vs provided by Pmvision 12.2.2, elect, ,vim mspe1. ,o all of his or hu Acwunt or ,o each portion of his or hu Accoun, ,ha, is e,tribnlvbla to Enure ti c [dve 'DisnlW ion Commu,cen,e,, Date) thm is s,vih, ,ha provisions of,he elected Payout Option and thais at less, 75 days aticrlhe date that ,he election is mode end ,hat is consis,ent ,vith ,he regairemen,s Of provision 12,l (2.2t Default Dlstributlen Commencement Dale If me Partinpani s Severance oca,rzed bzfore Ocmber 15. 2001 and the Panicipan, does meko nn election required by Pmvision 12.2. the Panicipan, s.Il rc ve poymcn, (vccoxding ,o d" "default" Payout Opvo„ provided by Provision 123_1) oo he fna business day of,he caleadaf month tha, <onrmences not earlier than ICI days and not lacer ,han 120 days eRe, the bile of me N,liupants Severance. or the Denier dale that is necessary to setufy the requimmen,s of Provision 12A, 12.2.E 41-M, to defer Uistribu,ion Commencement Dare Consistent ,,n IRC p 45(e)(9)(U). 1f the Panicipan, for is deemed ,o have —I,d) a Distribmion Commeneememl D-, the I'articipnnr m y alai a lore, 12.3 Elee,ion of Payout Option If,he Panieipenfs Severance occurred bafore Oe,obe, 15. 2001, not la,er ,han GO days before ,he Uinribu[ion Commencement Dace. ,he Panicipan, shall irrevocably elect a Peyont Option tl,nt salisf,es,he requirements ofb—lslon 124. 123.1 Oc[,udt Payo„l Option If me Participant's Sevesanee occ,med before October 15. 2001 end the Pvnicipant does I,omake an cl -- required by Provision 123. the Disribmion snail be paid es a cash mp su oC,he amount or cash value of all Investments held for the Panicipanis o- Municipal P--h Tmn Fund 45](b)fkftmd Cam en 12A \linin,nm tlistribution Any e,,i eN Distribution shall be made according to o Payout Option ihet begins not later than ,hv Required Beginning Dote and the, moats the requimments of IRC § 401(a)(9) end IRC $ 15'1(d)(21- 13. Death Distribution 13.1 Dea,b Dis„ib.b.. Upon ,he—icip,ih , death before a Retirement Dis,ribution has begun. each Heneficury is entitled (not earlier Ihan the applicable Dist button Commencement Dates ve his o, her or its sepunte account under dte Pat trip-', Acemm, under nny Puyom OpI,hh Nat satisfies the provisions of,he Plan. Upon the Panieipent's dca,h. bit, Account is no, more ,hon 30(11s of the dale of or the Veluadon Date next following the Participant s death). each Heneticiary nhhl be deemed t. have received h fall Death Disuibv,ion. 13.2 Election of Distribution Conm,eueemant hate If the Participatst's death ouuned before October 15, 2411, no, later itan 60 days viler the dare of the death (and not ea flier than the date of the death), each Heneticiary may ocably elect to defer payment, with respect,. all of his o, hef or ill, N mst of m each portion of his of hef or its inieresl that is attributable to —1, Investment. until a axed fuwfe ti e [the "Dis,ribvtiov Commencement Date'1 ,hat is h the s of ,he elected payout Option and thm is al lend 15 days n(l 1N, date,lm„be elzuion i, made and that is consistent with the fegnifememsofProvision 13 4. 13.2.1 adhNr Distribution Commencement hate If the Participant's death oeeuved before October 15. 2- end a Beneficiary does make of clecuon required by Provision 131_ the Bnneticiery shall re ve pa - (acufding to the "delhulf' Pvyoul Option provided by 11—ision 13,3 ll on the first 13.1 Election of Payout Option If the Par,ieipant's death occurred before October 15, 2MI, no, laser than 6O d, barb,, mbut n C. sh hthe Henehciary all ireevocably e — a y Optlov that satissJN, the regviremelits.fPro—mh 13 4_ 13.3A Dv1'avl,--tOption If the Purdcipanl's death ocentrad before October 15.2001 and a Bencdciary does not make an election required by Provision 13 3_ the Dislribulion shall be paid ns a eas1, lump I3q Avy Dean6 rDis¢ibution sioll begin no leler Than dre R,d—d Begivnivg Dale. and the Account shall be dlnnbvled in wmpliance with IRC § 401(a)(1)) 14. Direct Rollover 11.1 Direct Rollover Cowi-d, rviN IRC § 401(a)(3I) and IRC § 457(d)(I KC), for any Dindbulion paid afu.r December 31. 2001 tial is av eligible rollover di,Idbdl- the Dlstribmay elect_ of the lime avd in the manner prescribed by the Plnn Ad, inismror. h e1 the Plau Administrator (and the Issuer) 10 hovo avy poniov of tin eligible rollover diddlmiov (within the meaning of IRC § 402(D(2)(A)) pvid direerly m an eligible ruiremcnt plan (�vitNa the meaning of lliC 4 402(o)(8)(D))specitied by the Disvibutee. 15. Administration of Distribution provisions "A Claim for Distribtrnov Anr-Idtdd— ahr b be paid only upon a completed avd p ,ly --Io d mrinot cGim madein a form acceptable to the Plan Admin It —I that elates ender penalties ofp1q, all Gus and aothod b d'' neeessvy or appropriate m 1he Distributio including bv1 nm • if the Distribution is a Rmitemenr Distribution. appropriate eidence lhnt lie • il'rhe Di,, butiov i> a Trawler Dislrib,Ir— the Dcdt,mee's in o the came and ad<hess of the trustee of the transferee eligible deferred swmpe sntion plan • if the Diztribulion is n Den[h Uisvibution. appropriam evidence ol'Iie Pnnicipnnrs death- Florida Muui<ipvl PcnvionTmat Puod 45](b) DG'etwA Compensmion viva • ifthe Distribution is a Hardship Distribution. ao appropria[e cenifcaie or evidence of the friers wns[i[ating [he Penieipam's onforexeenble emergency. • iC the Pmticipant Ims a designated Benefciery. the d- bbbirlh of the Dolenated Bencflciary: • if dte Dimibodon is m the form of an Amnuiry Pnyovl Oprion, the d.,a birth of vny annuttan[ designated mtder the A—t Payout Option. and • whenever trq—,d by the Plan Ad.nisU-, the dato-ofbinh of nny person us relevant to the Dis[ribnlio and • if Ibe Account a of m c than o e Investment. be order in which ai Inves[ments ere to be charged or liquidatedto pay the Disbibuli- and • if the of the Distribute is gee r thev rlform stabli-d by k Plan Admintistta[or, appropnatenassunnce Bncluding u b.gnomre Guarentuel thut the Pnnicfpnnt sor Beoe(eiary's signature H genuine. vmd • other vvidenee or information Jlai the Plan Adminian.,tor Inds is mle�nm m administer a Drovision of the Plan in the Participant's or Beneficiatys evd Ibe Dinributee s mreumnvncec Absent eonn'ary evidence actually known to lire Plan Adntinistrawr, an nppropriate death enifca order st ring chat the Participant is found to be absent and Presumed dcnd shall wnstimto appropriate evidrtice of the Pnniupant's death. If the Divtributee Ceils to submit proper 'msvncti- the Plen Administrator may_ disefetion. deny the claim; o may determine which Plan lnvesiment(s) and lnsestme p ns are to be charged. 15.2 Time far Distribution The Plan Administrator muy require for paymem ofany Disnbotion emivinnun advance mifomt ly detemtined end co ulily applied_ Ir addition to tlta above. no paymem can be made before thz Disubution Commencement Dnte. 1 i.3 P nAdministratortonppll— Payments s 11 not begin until the Pl.. Administeator bus approved_ [he Distribution. and[he claimfor paymen,. and the Pnyont Option as s4,1} g the provisoes of[he Plan. 15.4 ensontOpti- The election ofo Pnymd Opdott by a Participant or nfl-111oiary muss be made no later Than [hiny(30) days before the eommevicemenI of snch benefits Subject to —,ri tom stablisheerid by [he Admivistrator. the Pla, shall pemrit paywr options in the form of lamp trn. podic payments ofe A- amouvt or fxed dumdum or lif wnEngem ennaifos. sAbsent such eleuiov, the Aeaount will be paid in a lamp snm. 15.5 Pnsor finny rely on apparevf endtlunent The Participating-ployef attd the Plan Adminislmlor and the Master Tiustvn and the Issuer and the Agent [a-payor'] ar of liable for having mach o puymevt ooder an unclear F3ureEciary designation or Partiupa[iw Agteunent ro a person not emided to the payment. nr for havivg token or omluetl avy other tlht iv goad faith relienae on a persov s apparent entirlemevt under he Plen, before the pvyor actually received ssnnen Any payor of ally Distribution is not liable for having made a payment o, [laving nan0-1 m y ofpmpubto a beneficiary designated in e bonefioiary designation [or In a similar tutting h,lli blelieved to consritutea beneficiary designation) who to is not emided the Disrnboti r Cor Faving taken any other n good foitb tali- the brnefciary's pp. -I enftlement ooder the [arms of the beneficiary designafov be[ote the Any D,It bmion is payable by or ov behalf of the Master Ttvstee or Issuu only upon the Master Tntstee's or Ismer s receipt in good older of the Pb. Ad--trot.,i s DpmveI of the Distnbaiee.c claim Pxcept to IFe extent othcnvise axpressly provided by rite Invesonutbsl. any paytnun or Payout Option shall be duenninal as of the Valuation Date requested by the—icipam or Beneficiary. or if lacer us of the Valuation Date thol nut follows the Issuer s of Master 15.7 Deivyy of payment The Plan Administramr. to its sole dis li n. nay delay payment of a appmvod Distribution. • to tnerive any necessary inG tmadon. to permit avalvation of the Account_ • io pemrit any necessaryor npj priate l igoidal ion of axsets, Florida Mun on Trust F,md 457(b)Defi—d Codb,,,—hov Plan • if a dispute msses us m dre proper payee (refer 1. Pio,uion 15.8 below • If the Plav Ad.-bdtot has notice of a domestic relations oase or petition that may involve the applicable Account. • if the Plan Adminidtator has notice of a b—ptoy oase C petition that may imol,R the applicable A—.1, • if the Plan Aotninisuamr has notice of ivy legal proceeding or petition bat may involve [he epplieeblc Aecouni or • lbr any reason described elsewhere iv this Plav, or • for avy other lawfdi purpose. Without lin ,, tie comprehensive eM, of the above. to the extent that avy Dls,dbudon retpriras a redemption or transfer of Fund shares the Plan Adnsinirzmtor shill delay the Distribution during any period: when the NYSE is closed other than far a weekend or a holiday. nr when [mding on the NYSE is testrlcted (as detennincd by the SEC. or when an mergrn ma sking disposal of a Fund', ur valua of a Fund's ovablyp.,i.ble, or when ,be SEC ha,r,,-d or p—d,ed the suspension, of mAemp,iovs or rce.sfers by order. or d,inng xny period ather,vise deu bed by § 32(0)(1} (3) of the (nvevtmen, Con ,Act of I— xs amended [I5 U.S.C. § Sox 22(c)(I h(3)1 All., the Plxv Admini N., nwy delay xny Distrbntion if doing u annoy of epproptiate ro avoid exceeding a Fnnd-s 'large venseeno. amo..t q merit that I( the Partlei 1 re awed av Ni—bid, of Employer Cddl ibntions for a period ,ha, included his or her absence wrier a fderal ors— F—ily o,,d it d,.l Leav Act. the Plxn Administrator shall delay payment of any Distribution until the Plan Administrator is satisfied d,nr the Partidpent has rd 1 to work fiom such absence oe that the Participant will not or did not mtum,o work from such abxcncc. 1>.8 Dispute a.s fo proper recipient If a dispute arises es [o the proper reeipiut[ of avy paymev,(s) uvdm the Plaa the Pia. Atlminis[ra,or, iv its sole dlsueS., may instrvot the issuer(,) to withhold penmen, nnl the dispute is determined by a court of compete., jurisdiction or is s bW by the parties IN, Plan with respeot to dGenniwng the Beneficiary(,) or othu I r , payee(,) odd—1,e Plan. [he plan Ad—istm,orshdb nSd— the Plev,o state provisions eonsistcnt with the -C,11t -- C-applied as dough the miens, undo the Pla. ,sere an d,,t e,t 1oa cial annuity -'tact. [. the extant that any'-h wns[ruc[ion ix no[ inwnsislenl u�lh any requirement oflRC § 457(b), 15.10 D tribu[ or Beneficiary Ifa Dislribulion 'is 1. be made m a minor Beneficiary. any pa -4a) may. except to Lrz axle'[ pmhlbited by applicable law. be paid to a [esp.'xible po— according to [be • as ---d by an appropriate -w • to[h. duly appointed and enrrendy acting guardian or wnrervalor of[he Beneficiary • [o [he custodial paeent .fihe Beneficiary, • to aresponsible rdul[ with whom the Beneficiary maintnlns his .r her residence. • to aresponsible ad,dl who v a alelive ofili BenefieieD • n Ylos undo ar— e for the Beneficiary the U'''fm nr Trrsnvf¢rs ro Mirrors Aer or Unf rrn G]fs mlMI-,, All, • 1, the emin lleving jurisdiction o— the estate of the Beneftaary •I. any person dclemtined by the Plan Adminis[retor to he a proper recipient for the Beneficiary_ Ills payment shall be in MI sav'sfactlon of ell claims. the Plan Adminis'vator hv- no duty m supervise or ingnire'mlo the appl-lm of any--c(O ,,paid. If al the lime a Dismbmion begins be Beneficiary iea minor and the Plan Admiaia'tralor begins payments 10 no[her puma under this Provision, the Plan Adminishalor may e all payments under the Disrribudon , the other person--lhs[and'mg Ill, b, 8enefieiary may have ut fined fll ag,. wilds the Benefiuzry files n en claim .ordii I. all of lha requirements oflhe Plan including (umishing s0iisfaeloryetidence that ho or she is of full age I5.1I D If1 triLnt,[o incompetent Participant ar Beneficiary a Dislnbulion is11 be made 11 a Paxicipanr or Beneficiary [hatthe Plan Admi H-W finds t. be unable [o manage property e(ia—I l for any re M including (burner limited to) m illne ntxl deficiency. physic illne pltysicel disni , chr.n of dmgseclvonic hlsroxication. wnfinemen'. dI— 'f by a foreign power. or disaI- I any payment may be paid according b t, (ifn 1s of 0te applicable d......—.1 By d, or Wong to applicable Investment Lew (if any). or the Plan Adminlstalot may dlrml paymen[(s) acwrding lA Iho following order • mthe duly appointed and ounently oetivg legal guadlav of the-- of the Participonl or Beneficiary. • Io the duly appointed and ulrremly acting oonscr—of the Pa mpam or Beneficiary, • o the duly appointed and currently acting anomey-in-faa under a durable power-of- meyiftheplanAdmivistmtorfindsthat [he powerb1111 ey provides sufficient power to alrt--the attorneyin-fact to receiver lhn Deferred Compensation, • nsible adult wish whom the Padieipan or Beneficiary maintains his or her residcllce. • Io a responsible adult who is a relative of Me Phh-pant yr Beneficiary. • any person determined by the Plan Administrator to be a proper recipient for the 1 icipml or Beneficiary. • Io the won having Lrisdiodon over the eetate of- Padicipam or Beneficiary. This payment shell be in Nll sedsfnolion of ail claims. The Plnn Ad ministralor hm no dory I supervise or htquire imo11, application of any amoont(s)so paid. IC at the Ilme a Distribution begins the PBnicipant or Beneficiary �s nn in ompetent of person under Ibis Provision the Plan Adminisrtator may contivtre all payments under the Disnl6uh o We other pars vlthstanding that the Part or Bev R—, tre Frove bacome competent or may have — mdjudi -d as wncpwe tt�nnless the Padieipam or eenefuery files a v claim according to all of the aquir-- of the Plan including famishing a satisfactory court order II he or she is competenl to manyge his or her Dekrred Compensation. Croat the IRS Under Rev. Proc. 94-22 and services available fiom the S-1 Scatnly Adminievration), the Plan Adminisvntd, may Nut is not required to) h-t each lsslrer h the opened m the payee s na e Taxpaye, Identifying Numberand d--wrrenl addres o% d according Ithe Plan_and such deposit shall discharge the Padicipating Employer's obligation to pay Deferred C ntpenmlion iiapal Pension Trial Pund �sptm Do��n compenaren Plan A b, Payment to Personal Reprasentative Avy payment (ordelivery ofpropeny) to the duly appointed personal raprssenlatn'c of the Penicipent shell, to the extent of die palmteat (or delivery o[ propenyl bar recovery by a¢y other person or entity, iu dig every Beneficiary_ end .hall, to the extent of the peynie¢t (or delivery ofpro➢eM)rry), dlsehargeu¢y obligation under the Play. 15A,i Disclaimer by BonaReie Any Beneficiary may renounce or disclaim ell or any pan of nny Deferred Compensation by Elio cable declaim of later lb- 31 drays before the Disrtibvh v begiiss o otherwise to be made and before a,c p,t of a Defiled Compensali , An acceptance inay be express or , be inferred hum ecI.— or facts avd including (but not limited to) those actions described N the Un j n Probnre Code asaesablishing an inference of acceptance_ lb addition to any requirednents under Slate law_ the disclaimer is not efftt , unless the disclaimer describes the Deferral Compevsetlov renounced, expressly declares the renuneintion and the extent of it. expressly s the Beneficiary's belief upon reasonably dlligant ezamimtion that no crrdM of the Benefieiary(or. ifthe B—ficiary is or guardian otherfidnc of any current or reasonably avlioipoted benefioiary oftho estate or trustee or guardianship or other fiduciary o, Gitiry) would be adversely affect by the disclaimer. expressly es that the disclaimer is irtevoeable is signed by the Beneficiary. meets all requirements sof IRC vs 2516 such that the diaelvlmer would be t_b,d as effective for [oderal uifi avd purposes_ and oAenvill is made in a form that is aeeeprable to the Plait Admivisvator. Nonvidismnding any Stale law that would pertm otherwise. if the B—fill ry is a minor or an incapacitated person. any disclaimer cannot have any effect regarding the Plan unlit the eo n havlog Judsdiedott of the m ncopacilmed _. s' estvle autbonves the disclaimev offer finding that it is ad.risable and will no mlly pr ,,dice the rights of any in .red pea y Deferral Con d mlaimed shall be p-bl, as if the Beneficiary who submined the discleimee died before 5 ILeeeipt nnJ release Any Disbfbution or payment or any agreement to make a pa (s). o dnsfer of Deferred Conrpevsauon to outlier eligible tleFured compensat,,i ion plant shellto the t o[ the Dis« ibution oepayment(s] or the agreement. be in fall xetu@trio¢ of all ale ms. ilia Plen Administmbr, in its sole discretion. may require any Distribetee or payee as a condid n preoedevt m maling o t'ausivg m be made nny payment(.c) o C, Direef R IRC§raf Distribution Consistent wide IRC § 4 Pl. (IAd and IRC $ 45di—, fi). e Participant may elect (in she form presuibed by tie plan Admints¢. or) a direct rollover of an eligible rolloset distribution. 16. Plan Administrator ib.l Plan,\dministratorhacfull avthoriry The Plan Administrator has Cull and complete authority and Jisaetion to «ol vnd anage the operation or and shell decide all n under the Plvn. The Plan Aamivistr has any and all powers as may1necussnry or vdvisvbie to discharge itz dudes tinder the Play. end has complcia distrmionnry vuJtority to doelde all tmuiten ettJ questions under the Plan. The Plan Administrntor does vat Nnve nny duties concerning the selection or Invesrmems. I6.E Plav Atlminis[rator must decide all movers The Plan Adod,,o atortnvat decide all metiers under the Play. Tho disareiionvry decisions ofha Plan Admiuistmior am finol, bmdin@.vnd wnctusivc nn all 'interested parlor[, for all purposes. Nonvithsandin@ say netemem to the conuaryin any wlleuive bar@ainiug agrwnent. any determination under or v.,,.,g out of the Plan is not s,tbju[ ro nny arbitration procedure of any kind and the Plan Administrator s decision is foal. WiUom limiting the wmpmhensive efkct of [he above. the Plan Administmtors discruionarydecisiovs may inolude but shall nut be limited to, any decision ns to: whether wul person is an F.mFloyez whether nthe I Employee belongs [o a particulae eli.,pnent classihcatiott whethu vn Employee is en gible Employee amoum ofv Participant's Compensmion. iM1e a of m uCovinbtions to he.- whether a of Con[nbutioas exwedamhe limits' pmsnnbed by tM1e Plvrt whuhct' a n oNer�oshall be recognized, wheher a Pa11-i m (y-Id other person) has eslahl 1Othe prsse1h or absence ofa Spouse, whether a Pnyott[ Option is an Ath— Payout Option. whether a Paulupant has incurred an iIWi.eenble emergency.whether1 Pan icipant has n Severance, whether a Bureficlary Oesigvvti valid o effeu who s the proper Benrficiary, whether a Participant or eencficaryis a minor or is oC HI fora P , age. whathora Panicipant or Beneficiary is nn inwmpuenh the person whoproper rceipient anicipant or Bcnedciary who is a minor or nn incompetent. whether any powerroCanomcy is elCzcilve and accepivble io act wish remea to the MI.,whether a Sigvvmre Guatnntea is required. wbuher a Signvmre Guarantee is aaeptabie fr any puryuse under the Plun. the Plan Administrator shall be uniformly vnd wtu'is-dy made sccordivg to reasonable procedures eambllshed and,- by the Plan Administrator. 16.4 Plan Administrator is responsible The Plan Admirusva[or is respovsble for performing �1I duties required for the operation of the Pb, and is responsible for supaty -g the performance ofamy oIber persons who may aa�t in the performance or the Plan Ad--1,mor s responsibilities. Co enable the Plun Adminitnamr ro perform its responsibilities. the Penicipatine ivfomtetioo on any matte that is required by the Plen Admiaimralor in order to make - -km or de[erminaiiov under rite Plan- The Plan Administrator shall roly upon this ivfonnation e mpplied by the Panicipeting Employe, and shell have no dory or reyonsbiliry ro verify this info—liion. 16.6 Plen Adminb—tor may deiega[e or contract E—', as prohlbi[ud by the Fnabling Statute or ot- Stare law. the Plan Adm ,11s 1mr except when expressly prohibited by this Pla, delegate any or its duties to any Panicipeting Employer. or to any officers, employ—, or agents of any kind E ccpl as prohibited by the Enabling Statute or other State few. the Plan Administromr may, cvicepl when expressly prohibited by Iltis Plen. wntract ai y of its dories to the Agent or a[henvise. 16.'1 Plan services The PI. Administator may eonunu with any p—, 1. provide services to assin in the adminismation of the Plan- The Plan Administrmor m make such eomroels in _.,Pb_, with the —bung Stelmemrd other applicable State few. Any person other [han the — Administrator who performs services regarding the Plan (including bur not limited to the Agent) E subject to the supervision end direction of the Piav Administrator. end does not have authority 1. covtrnl the operation of the Plan - Any Parma other than the M. Ad-istmtor who perfomts suvices regarding the Plen (including but no[ limited 10 lha Agent) is entitled tv rely upon any direction, insuuoiior� infOrllatI" or action (or failure to act) of the Plav Adminisrator as being proper under ibis Plan, and is not required 10 inquire into the propriety or cortecmess of any ,such aimodoa instmeuom imfmrnaaon. or aaeom. 16.8 PIam.A—inistralor .—I not decide personal benefit An individual shall re se himself ur herself from and shall lake no Pan iv avy Plon Administrator determ nation or decision specifically relating [o his or attiher o Pcipadnn or Deferted Comprnsal— unless his or Iter abstention would render dre Plan Administrator committee or organization incopable of noting on the —1— —Municipal Pension Truss Fund sod5](b) Dcfc+red Cvmpcnm- Plan 17. General provisions .7.1 A -alienation Iv addition to (evd nos by li—lion upon) the provision. of the Plan and any provision of applicable law. any benefit or intuest available under the Mn. of any right to aexive or +nsl ct payments aadu the Plan- or any Distribution or payment made under the Plan nsfer- :cipati sale. e pledge. hypolM1ce rife, by 8 operafonaof law_ execution. or levy (exec,[ according to tPmvis on 79 [IRS lev)or o[M1er encumbrance of any kind. whether by the voluntary ovoinmary act off any ably, person for any reason (including bat not limited to. di--ma+itai separation, alimony. chill support, bvnlwptey. ivsolveney)_ or any other oNa of uny coon ul law er The Panicipant or Beneficiary has vo right to commute. ball. assign Pledge. ¢a -s or otbenvhse eonvcy. nse. o umber any right or furore interen to receive avy payments under the Pivn-and each such right or imeresl is expressly declared to bn non -assignable and von tmnsfLrvbie. Any attempted alienation orencambrance f void Avy rigM1l of d:c Panicipant or fenefciary is personal and, except , provided belo+r_ t be e ised by any v ones rcpmscvmlive, a 'ncy, t aerdian. t:v baokruptey, oo n of law or equityer , o othpeaov or miry s�ek nnnto net nsthe name of or by the deht of the Panicipant or BcneF-i However, the Plan Adminisvntor may accept ivstmctions Stew' by a Personal rcprescvtalise if IM1e This Provision shall nos be co mad to Preclude the paytnenl of uny fees or any vvpenses (including taxes) of the Mnster Trvstae Deterred Compensation (noel any'shl or future imeiasl of the Panicip- or Beneficiary) is nos subject tv the +fights of cmditors of the Pnnicipam or Beaefeiery. i ].2 Bankruptcy Each of the Panidipa q F,.mployer and the Meslar'Crastee evd Ilse Pivn Adminisleat i and IM1e Agent and each Issuer vnd avy pcemn serving under contrnet or otherwise .'ills respect to the Plaa shall not be obligated to incur any cast m defend against or ser I, any judgment, de<¢,. o older relative to IM1e division, avacbnenl. Hamish—1,.d or n of or levy upon the bIly pavfs plan -bu, or any Dnvibmiov, ivdudine (bus uoolim eel fo) any orderinanybanlwptcy pmcee—d,g anykind. Nonvllts+an-1, tha foregoi n8-if any such person lsjoined Iv any proceeding. the puny may take such nsiders necessaryor aDproprh to p:,Il anyand all ofitsI ,rights,vnd the oPv l,c,, nl (or Bwle —.bl shell reimburse ell actual lees of lawyers and legal vsslstavts and expenses reasonably ineurtetl by such p:+ny. -vela Mnvielpel Pearslvm rnrst Fond 11 Refuted Compeusvticn Plan 17.3 Claims procedure By the I— of the Plan, Me cirri -1., 11 er aggrieved peson) shall not be —,,led to take vny legal action (including but —limited Iv instituting any arbi-anon procedure) or ahenvise seek to enforce a claim m benefits or rights under the Plan -mil Fe yr she or it has axha-sled al I claims and appeals procedures Provided by the Plan. In c .idenng claims under the Plan. the pion Admmistramr has full power and disaaiovary eulFority to eovswe and imerpret the provlslons of the Play. vnd of any lasa' governing or ePPipng to or relating m the Pian. 17.4 Constr-etinn The plan shell be construed and imemreRd according b Pan 20. 1]5 Ea'penses lJnlcss the Panicipaling Employar speci0caily provides otherw e_ the the Pbf lhi uimg Bmploym shall nv n operation end d vminisirof auon the Pled other than f r p,,d Hake deferrals of chmpen amJ tv y the IJefered Cod b sationtaw prvvlJ f— the Plan. The Phu shall make reasonable chargcw against and hour the Auounts of Penieipents for any expenses for the vdministaation oFthe Plan. ,Fall be ,i -rscd fmm the Plan as —pl ro the extent In whh the Enu ,b Smmic for any expense (includingcact-el fees of lawyers apd legal nsziAavts) onablylncvrted in perWaming services with respect tv the Plan. Exceplvsvlhenvise pmvided or pe-t ,led lay the Pla, the reimbursemem shall be —Rd by deducting a dhuge against all Aewuvts ncoording m an equitable method determined by the Plan Adm�nisimtor. If vny kind of legal ac other proceeding regarding the Plan to which the Participating Funployer or the Plan Administrator or the Master Puri¢¢ or amy Issas or any Agent (or any other person ammg for of at the req-csI of any of them) [each an intlemnl[ed party"] may be a party is bmttght by v Penicipem or Beneficiary for by e person or entity claiming Ih.bgh v Paniapent or Bmtefioiery} and the legal amivn is ¢solved in favor of the indemnified pary, each indemniful parry participating iv or m budge to the defense of the Icgal aetlov shall bur entitled to be reimbursed from Ilae Participant s Account for any vnd all -,m l fees of lawyers and legal assist. -Is nud other expensesr 1—iblyidc-rted in the defense fthe legal acion yr proceeding_ If the IRS determines. and the Jmermination is bil contested. yr if contested, is finally upheld for otherwise finally determined), or iCa bnel watt order (that is cant appealed) decades That any paymmu of el, — is a vivlelion or IRC § 457(g). each persdv svho received a payment [hat was determined to he a violation of IRC $ 411(e) shell pay Ihll ,-bll from the date the expense was improperly paid to the date IFat realorauon is unlelpal ',-- 1—i Fund 65f@)Deferre1 Compensadon Plan made). The Plan Administmlor and the Muter )'ntstee —1 cnforre paymcm of this To rk anent rbquircd by applicable Slme law and not precluded by Provision I.]. iflhe Participant pleads guilty or is co Ued of a et r o(Cevse relating m his or her govemmem o[Ece or govemmem UvploYmuut vod a won order provides (or mstilmton relatinS to such prime or ofTense,lbe P1NcipaatC..erlhe Panicipams death, e-1, Beneficiary) shall forfeit his or her or its Deferredd Compensation to Ne extent that be Panicipam has not timely paid lltc restimlion required by the coon order. This Plan -11 be ii--d by and conslmed and enforced ao bbhbS ro lbc imsmal lows (without regard to the law of-1`1,ts) ofrhe State of Florida_ The Plan Admini>valor may purchase. will, Plan asses or wish ansoums blib cd from the Participatlng E,dbo r(s), insurance pl.—mgthe Plan obd the Plan Adminislmwr and the Maser Trustee and any person who 'ts or may be an indemnified perry vvd avy vlber person acting or providing services regarding ill, Plan(whether or lot the Plan M1as may have the power to indemnify —1, persona) d— liability or lose occurzing by reason of lM1e act or omission ofrhe Insured person are tlty. 1'1.9 IRS levy svitbsrandivg any other provision ofrhe Plan the Pl..— Administtalor may pay to the Ad from e Pid, 11. (or Bene6civry's) Acconnl the o t that the Pl 1. Admini.nmlor fnda is Inw[ully demund<d under a levy iuucd by the IIb, with,d 51, to lM1al Panlcipanl (or Benetloiary) o sought to be wlleaed by the Unllad Smles Govemmenl under a judgment reuniting Cmm vn unpaid tax assessmen e t the Panicipam (or Beneficiary). 1 ]. i ll \indicate or Medicaid reint4nrsement Solely to avoid 'i bdl, ymem under M ldbc ih Me4icaid or a similar M1cahhcare program. ife Pani d by 1 services dI— lly time lhm Comrlbut'IonS were nude were an expense reimbmxd by the Social Sccuriry AMrinisnation [SSA] or rbe Ileahh Care Adminisnalion [HCFA] or miler Sovemmenl bc:dlbcare payer. and any Deferred Compensation vuribmablc to such-- is not to he paid m the Panicipam or his or her BeveGciary. the Panicilsalipg Employer shall pay the a11, bumble ponion of the Pani,-a Deferred Compensmion m the applicable government heallhwrepayer as of the rim dale that the Deferred Conpensation is voi to be paid to the Panicipam or his or leer Benef<iary. Mistaken cnnlrihntions lC any Convibution (or any ponion of a Conldbutiov) is made by the Peniciparing Pmplvyer by e good hi[h mismke of feel. upov rcaciplm good order(-b,h lb, meonivg oridn Municipal Pension llvtt fund a»(b)I)efened Coinputsation Plan of the Invcs[mev[(s) oappbi,Ne Ian') oC v proper request approved by the Plan Administrator. the lssucr(s) shell, to dte cxlmll mquiad or penni[[ed by the lnvestmemis). m [he of the s[akcn n[ribulionls). e s limited below, to the Panlcipativg Employer. or m the e-,,required or po—,i daby the Ivvealmentfs) and mutaken E ployee Conlribu[ionl s). The Ponicipont'e exercise ofa -li'ce l- b n,M1t deemed to causeb Comribuuon 1. be by a good faith mistake of face. Upon am re[um of waken con[ bution. ca b lh or l—i nuribf lhb to the mis[aken comrbulion shall de[ermined according Io [hc provisions of [ho applicable Inves[menl or other applirablc low, Ifs wun or agenry having jnnsdiG'ionfiaally determines or if the Nl-p.lmg Cnsploycr or the play Adminialram. receives sv eat legal advive (othG Than under a st pmceedlvg initiated by the Participant) [hat any P.ai,— was nor an Fmployec ai the eelesam lib,, o[honvise w oligible to beam, n Participant. the P]a, Admivuimtor shell truvl the mistakctdy acc,p[ud Participant's Covtribudons and Plan Account_ to d1, ex [ [ha[ the Panicipanl rues no[ oligible Io make or rtcaivu the Cbb,,ib bons. v trits[akcn aonrtbutions Plan Admini—b, or the Agev1 any information that may be needed for the proper and lawhd operation and admivistmlion of the Plun: iveluding (but not limited t. the Panivipanfs legal n - lha Panieipavts Social Sewriry Number [SSN] o other Taxpayer Id-bfying aNlnlber [TIN]_Ihe Na icipnnt s date of binh each .—ft., legal n _ h Benefciarya Social Securi[y Number [SSN] o o[her Taxpayer IJevrifying each Number [TIN) each Beneficiary's dale of binh The Patticipnt for Beneflcivry o Altercate Payee) shall promp[ly respond to end fully an olabie inquiry related to Ihesc P.- A fure ailto provide any ino f—1,. v described above or which otherwise may he necessary or p to for the k,bd opeation of the Plan may resell iv a delay oC eligibiliry far p_,pab, iv a delay of the payment of Covrnbutions, or a delay or refusal by the Plan Adminisa b., disunion. Io authonm or permb any Disln'bution or paymatl. The Plan Ad — (and any parry acting for i[) has the right to sly on any infonnmiou or mpmsentauun en by any Panicipanl or Bevcilcinry or ocher parry 'mreresb d in the Plao. The Plan Adminisvaior h,s no duly to inquire i—the accuracy or adequacy or imth of any such in! rmation or mpresentatioo. Any svoh represeltration is binding upon any pang seeking Io vleim through the Penieipen[. The PNa Adminisvamr.-y provide th�[any natemen[to be made or any ibb,,—burr to be f mished —11 be made or frnished undo penalties of perjury. Any notice io that effect may mbludo a ,f he penalties for v violation of 18 US.C.$ 12C § T2o6. o o11[er Ivw`aTha ,bsenee of any such provision or notice shall uoI be unsaved to createo suggest any inference ooneeming the appllution ol'any law. niolpal Pen on Tn,s as)ry) oekmW Comprnsa,ion Piand 17.1' Not. ntrnef—f InlpI yl—t Nadu no cimmnstnnces shall this Plan voaotlt- or 11-ify a c I of employmem or m any way obligate the Participating Employer ro continue the services of any Employee 1).14 No right other fhon provided by the Plov the existence of the Plav avd the Pattielpating Employer's or Maser Trvsme's purchase oC any Investmut«s) for the purposes of the Plnv shell not be wns,med vs giving to any Participant or Beneficiary or any other person any legal or equilnblc ugh, eg,,—, the Participating Employe or any Issuer o[ any other person or mguniviion. creep, as (and the Agent and the appf,.ble lsve(s)) with hls or her or iu —,- address at all s. Any no aPatticipav or Bev F.-q or Alle[aale Payee 1q -dot pemtlhed to be given under this Plaa shall be deemed given IC directed Iv the pmper person at the Ibat addres. This Provision shall nm ba aonsirved [o require the lnviling err Aelivcry of any nonce olh—kv pumttted tv be given by posting yr by publimnon_ This Plan. and ell acls and decisions taken under il, is binding vnd conclusive. for al puryasc� upon ell in steel po vvd upon ,he heirs. envrltiors. ud,ninistruiors successors vnU assigns ofnny and asll such Dersona. The Plen silo,, notaffecl wntruUs or othu denlivgs wi,lla perso who is aol an imetcs,ed person. unless n wrinen ngreement exeev,ed by [hai person expressly so provides. 1).t) Pow'cr-of-attarnev A power-of-auomey cannot be effec[ive for any purpose with respect ,o the Plan unless the Plav Administ-de[ermines that the power-of-a—ty is veveptable The Plan Ad.n—lrvtor shell voi aceepi a powerof-aitomey umil the Plan Admiaiarator dote.s thai the powerof-attorney appears ov ,Is Cnce Io meet all of the follots ivy requments. • TFe power-ofe[[orncy was made in a fb- and manner the, is legally en[orreable under applianblc low_ The powerof-vuon,ey indemrd (ien ,he Plan Adminisvvmr and Ore Agenl antl every Pe, - who may rely on the powera(euomey erg„..... , liability that may arise out ol'the Plnn Adminis[mror s acoepmnce of the power-oL 11--y or any person s acu retie upon the pau rof-alto ncy. even if revoked (meludn_ revoaauon by reason of the make[, doalh)r • The powerrof-artomey expressly refers to this Plan wilh sufticimt chary so that rbe Plan Adminisraror. in m" discretion. believes IW Ihere is no eovfusion o ambiguity eoneeming whethcf an express po . to au e,,dimg Ihis Plnn tins mtcndcd. • The powerof-nnorney i—,b,gnously provides ono or more powers to an regarding Ihis Plan • The pi,—, If 11—y meets any funher mquirem.ts dared Felow in Chi, Provision otheru uvder the Plnv and meet y other requi meats reasonably requested by the Plan Administrator. WNhoul limiting the comprehensive effect oflhc above. any powu'of-Attorney. ibdl ding Benv general powerofarromcy. cvnnot be effeuive to make or change the Penicipnnfs e[ieinfy designation anal[die Plan .less (ve docmne 1 in the elan Admini5namrs this Plan and refers ro tNis Plan with snfficiem d-ly so that the Plnb Administratorin sole disae�ion. believes Ihet there is no wnfusion or vmbiguity --mg wheher an express power to au regmrding 13.efmiary deslgvationa under this plvn was ml.ded_ l\'irFoul limiting tNe c mprehcnsive cff-of the above. ny power —I y vcludivg nt dition bvdef the Plan ubless the dowment. in the sole opinion ofrhe person that isrwrec egIw A give effect to an express investor ly gram' power a an regarding inverm.t di —III under this Plnnnandsupm�ses the Principal-s (Pauicipent or B.efcinry's or Allemntc Payee's) knowledge us to whether the nnorncy-in-feet is or ihm�a Registered Investment Advirer enA refers to I"I Plan with su fliciwt clarity so Fe Issuer determines iNnt there is no confusion or ambieully mnceming whether en express Power to act regarding invesI.- direction nbil, Ihis Plnm wm imended. For the purpose ofrhe preceding sentence. an investment advisoryagreemem thm conforms to the disclosure end invcslmem advisory wmrvct rcquiremems of § 204 and § 205 ofrhe federal Llvestniene Adv/sers Ace df 1940. Wended il5 U.S.0.§ 804. IS U.S.C. § 806-5] is deemred to eonslimte nn neeeymble powerof-nuomey if it refers io [he Plen or to the lnveslmenl Feld Cor the Paricipanf1 Plan Account The P—paring Employer may (but iz oat e,quimd m) take mnsonnble slops to prmecl Penicipnnb" privacy wnceming pvnicipation under the Plan. However. ,he Penicip 1mg Employer end the elan Admlvislmmr end any Agent and any Service P—du (and eny lhe, Person ., for or a, the requa, of any of,he,nl finny dixlose inforn,m,ion coneeming,he Pnnicipva, s for Beneficiary sj Acco,ral_ • when requested by ,he N,orney-in fael who is curtently vuing under a p--of mcy,hal wvs accepted by the Plan Add RR., undu provision 17,17 (-'D—, of-e,rorncy'f. • without a c ..I order or legal process when reasonably requested by the IRS or the SEC of the NASD. • when ,ensonSIAS regtrested by a public accountant engaged bylhe Plan Adn,lnls,a,or • when the of eny pro ing S.-g ,o divo child suppore an attomeyat-law sales fib i[ing,ha[ he or she-- the Pnaicipan,'s (o[ efler the Panioipan['s death, ,he Bw,efcib, d spoure or Fortner spouse or child and d,ut,he inf rmvlioo is da—.bb ,l—d b, such proceeding. • when_ in [he —, of the vdr b-bal- of any e,1- o, sucthe P—lbal eiug ,hal he or she or fie needs the req -d info„nution to, purpose of papn,mg a =,,, of- cs,nte tax, transfor 1. gilt ,an. inheri,ancc I., den,h,nx s„. o—b"",tax. whether ,,Ed United S,v[ea' or any Sate or eny foreign nn,lov. If a person presents himself or herself es vn v„omcy-e,.lvw and states tha, he or she has authority. ,o ac, for a person or enh,y_ the Plan Ad—Iis,a d, and ,he ,Agent zhvll be ,hde0 without inquiry to assume unless i[ has actual knowledge Id the b-b.,_II ,he person so presw,dng himself or herseAf by [he eumodty sorted. 7.19 P ,of lssnerz .4ny Iss shall o, nbe liable ing a eny ording to in . iC in ling o otherwise ,easoaably b,lieved 1. Id, genuin, of,,, contact osvnu�or other penov Ihvl has ,he ngh, to give instructions under b, ,ernes of the Investment, end shell no, be ,q -d,o question (unless otherwise provided by the applicable Investment) any action c,ed. The Issuer shall not bo required to take or permit ad b'dy nor allonv anynbrne0to Privileez contrvry to the te+ms ofany lnvenment which It mnY regarding the Plan. Florida Municipal Pension Trust Fand as]ro) oefcraa compnnvadnn mat. I ].211 Relationship fo other plays Tbis Plnn is in addition to any other retimment. putsiov. or benefit plan presently in or later esmblished (IC vny). and participation ender tM1e Plvn snail mt aliect bensefits or obligations of any peson under any other plan. unless the plan is e de[erad wmpeusation plan subject to lAC§ 457. In addition to(and not by limimtion upon) vny other remedy_ including (but not I'anitcd m) any legal, equitable remedial, or odter relief. to the extent that vny person breaches Pmvismn I.] ("Exclun ve benefii'I such peson shell be personally liable to mvke gaud Al-- Payee) any losses to the Plan resulting fom or erisivg out of each such breach, end ro restore to the Plan aoy profits of such p— which have been made though the 17.11 Servile of legal process Requests for in formation. claim, or demvrds, legal process and coon orders ere properly delivered when delivered to the Plan Adminisvatoi s and the participating Fnployeis principal Elva ofbusincss. If of a court Ends that any provision the Plan is invalid, the Plan shall be consnied and utfoaed as if thea pro ofthe Plav unless h, n lied, or the Plvn Ad ministrator deterznlnes tbac such a consoiruetion ofthe Plen rwuld be clearly donary to the invent of the Plan or would be contrzry to 1RC § 457(b) or would violate e Evablimg Statute. I,—ipanl or 6enefci or Altemvte Payee) m submit vny w ling of any kind requiretl or pemtived under the Plan, the mvker's,ignemre nrusl be compl.c end formal, zcepf as aeprevsly provided by Provision 17.25, However. fthe maker Rasa disability that precludes him or her from making a complete and formal signature and the Pl.. Admt r fl- that modati may be red by the -'h DlsnDslhles mg Is signed if it bey not titles orpor any spnb uted or adopled by , on behalf -he maker with a pre eutben the writing, or it is otherwise demonnrated to the sansCaetion of the Plvv Admivist,-, that [he maker had (at the relevant time) apresem intention to adopt the writing Iv addition to and na by limitvtion upon Provi.vion 1715, any wnnng of any kind required or pemtined as to an fovestmenl mvy be signed in any mevvm Provided by the cat.including, to the extent consistent with the investment. vpplicable lnvestmrnt tau. Florid, Municipal Pension T,— FLnd a3](b) Deferred Compensation Plan 11.Si Signa[ur'es and broad acceptance of w'ril togs A.n (bmt .claim I'or any kind of aDwhbmtd (ing and signed ccording to Ih,, b following roop specified bya uniform wrimm� procedure adopted by the PIE [ing o ring includes any intwti..el reduction to tangible fomt. Whhoul loniting Me coinprehmraive e[feu of the first semevoe of this paragraph_a.y of the following is =ing and all of the following rvles of conntmction apply in due '(ig what ing and who made the rih., -it wr ringincnludes 'havdwrilub, IYPewri(ng. Orinting. `Wnting'-inclmdes anYcc.PY mt ring' includes a Iclef--ile Im nincludes a videotape o audi.tape cording_ including a -mg of at,],ph.n and a pars n ofa wnversavon after the person is informed that the aymbe recoNed shall be doent,d such person', imum ro reduce the ring. Anything lhar is the subject ofa written confirmation is deemed m beo nnwrhingW"Writing' . hdvdes anything that is recognized as such by the Rumrenrnn o/ Cnntracrs art tM1e Urrf rm Coorrnerclal Code as tM1encurtendy published or adopted by the American I—Instiwte or the National Conference of Commissimmcrs .m Uvifvun State l�rwa. `Wlbivg or'-w includes anything that is ewgnized as such under 4 2b) of the federal .Beene lrrb,, An of 1933, as mended [IS U.S.C.§ ]"!b(9)] or nny n,I, or mgutation thereunder_ A —h., made by a person ..less the Plan Administrator hu .coal knowledge that .. agency exist, The elan Administrator in I,,sale discretia. may constrve any writing(,). and may combine sepaate writingsincluding writings lbat ere not—lihiporuneoos, so as to ,bibkh one t ,ated venting or instruction. "Signet" -signa tcirtdry ymb.l e uud o adopted by o pars .ith preswli.temion to authenticate a wring. Withomt l int'inhg the wmprdrensive effector the rim of this paragraph, ahyof b,lialu.and all mf the firll.wing rvles of c.nnmctian apply iv determining what is a signa 1,livd who si¢ned. Authentication may be handwritten. Iyyed, printed. s amp b othervvise wrirten. A signature need not emnsist ,Rive person :s legal name- A signemre need not wnsist ofthe person', cn[ire nazne A sig h— may be h. any part ofa writ ing( except as expressly hhhha d below). A pars.. why fills am a Pone in his or her own handmitin4 . rypeu2id., Fes sighed that reran or writing. Anything Ihal is the subject ofa wrinr7r covflrmalion is deemed I. be signed if the recipient of the c hf—llom does .. promptly objwl I. the confirmation. For a conversation. a person', mre of his or her a signature. Fora conversation,. person', wmpli I,e with the authentication p�oeadurx specified by the Plan Ad I, 11 .tor or its,gent is a si.nature..Signed' or signa n C-1 anything IU cognized 1, for any p hIly s by t Resraleme trot Conrramr ar the UnfsrmeConmrtazef.] Code es [hen.-urt ntly pmblishW on Uvifomt St.[e Lows. A signamm need not be crontmmporaneous to the writing that it Floritla MvnivipN Pension Tmst Pond 45](b)Dafened compensation Plan anthenticetas. A signal— made by v person who nppean to be nn agent or atmrnvy-in. fact is the signature of [he apparent principal, antes." the Plan Ad minisrrator has h— . knowledge thu[no agency exists. A it .11 that includes a forgery a[[he place where a signature cunomanly would be made is not signed by any puspn nthxr dean [hc (urger. Upon receiving anything that appears to be a writing, or aVlti rig that appears tv be a signature or signed. the Plan Administrator shall not be liable or responsible to anyone to the extent Mat it acted without actual knowledge that the waling was false or that the 17.26 Signature Guarantee to addition to (and nit by limitation ofj any other pmvisi.v of the Plvm for any clog or v of any kind the Plan Adminuuato1 may require the Peron submitting the cle meoeoinswetion to include on the written claim or ivstmetion v Signature Cuammee when aquired under a unifinn •vrit[en Drocedure of Me Plan Administmmr. As m any action at law or m equity under or with respect to 11 Plan (other Ilan as described by the other sent— of [his paragraph} the action .shall be govometl by (er precluded by) the relevant statute o[limitations or srotum o[repose for action" upon a cording to the internal laws (withom regard to Me law of conllic[s)of tl¢ Stmeonn aivr it the Participating Employer is iucorpornted or urge —d For vny dispute that was resnlvud by etbitration, to the exteut that the statute of limitations nr of rep— ring to any arbitra v proceeding o arbitration arbitfation avord is oo cured by the federal A, bierorion Al,avy ration proceedin gg or arbi[rntion award or ny other maner catering [o arbitration m be governed by the imemal laws (without ate in regard tD the law of eon(liets) of Me Stwhich the arbitrstion was conducted '1.2g '1'renslationr This Plan o any part o[ it may be ttanslntetl (at [he sole diceof the E Administretor)into or summvrizeU in another languages) for the envven,— ience of e<naln 17.29 Unclaimed property Mor Me purposes of any unclaimed property statute. ifa Disttibmion has na commenced. any Defected Compensation does not become dismbutable .-1 such time vs a Dturibuuov is mvndvtory antler the lemru oCthe Plen. Ilnempinynwnt compensation For3n the purposes of any unemploymcm cemlmnsation law. a Distribution in one sum ores stallmevts [or a period of not more tbwt one year. to Me extern anributable to PnnVloyer Contribmions, is deemed a severance paymem f and shallbe so allocnweek(for the purposes oC the applicable unemployment cvmpevsatlon law) over e period as equal [u the vmoun[ of the Oictributiov dirided by I" Participants regular •veekly pay before [ha Florida NI.-i vl Pearson Trost Fnnd 451(b) Dafarted Compensadon Plan Severance with Ihis period beginning on the first week that begins after the Aate of the If any person- including without limitation any Panicipant or Beneficiary or AI[zmete Poyce or Distributes (or any pw'son elaindng through e .il is pout or Bonvfrcinry or dl iblu Poyce or Uis—...) bungs e n (other thao ns descrbed bythe other sentence la, h pamgaph) aglun the 1'InnaAdminisuator or the Master Trustee or to which the Plan Administramr or Jre Master Trustee is or becomes a partyeach such person hereby .b.i,,exelus ve jurisdici and exclus the coons sluing in Leon County_ Ploritla Dr in which the Plan Administrator has its principal place of business. Howover. d b suit or anion upon an arbitration award or Iuluting to an arbitration shell be governed the imerlrel laws (without regvN to the Ivu of conFlinasJ oC the Stela in which the nrbieittatiwas covductudand each such person x8to is or wvs a party to an erbitrvtion heeby suhmits to exclusive jurisdiction and 18. Amendment I N.I Plan spmuor's right to mnenJ the Plan The Plan sponsor tws the right to emend the Plan at any time. In considering Dr mvking f mendment. [he Plan Sponsor acts rolely es v Plvn Sponsor and not as n flducivey o kind The PanicipuJng Employer hvs [he right to diswee-, the Plan aI any time, rvl Io the limitations s, fonh in the Trost Joinder Agreemant end Mvstvr Trost Agrenntent. 18.E Amendment can'I change exclusive benefrl To the oxtent req -d by Provision I 'I ['Exclusive benefit"].vny vntevdment of the Plav shall not be eRective to the accent Ihm the amendment Has the enact of musing any Plan assets to be diverted [o or inure to iho bevetlt or the Participating Fnnployer. or to be used Beneticiades end defraylvg reasonable expurses of vdminlstaring the Plne 183 —end men[ canI provide any eatbek Any vmendmenl shell not reduce the v-- of Deferred Compcnsetian credited to any Acsmanl before the date of the amendment, and sltvll not impvir the rights of any pvnon Io the Deferted Compensation so credited. Any amendment of the Plan may be given imm—,a or revoactive effect: provided that such immediate or rwoacdve effect does not moss the Plan m fail to meal the rorNiixntenls ornn eligible deferred Compevseflon plan within the meaning or IRC $ 457(b)- brides Municipal Pen 457(b) Deferred C. To the exlGa - Aewunts that are funded by a Masser I—— or other cecltvsive benef t rangemenI in ompliance with IRC § 4Sl(g). this Plan may be merged or cotrsolidated with. and such as and liabilities may be tmnsferted to notM1er eligible defered ompevsatiov plan5P1a,d,, IRC§45](b) but only if the transferee plan m s the requirements of IRC § 4.. ,) and under the successor plan the Deferrad Compensadon with respell to eaeF P icipaut is at least equal to the Deferred Colnpen n the Panicipont haveece vould rived if he or she had received s lump-nim distn'bnlion under lh, transferor Plan immediately befom the vnnsf. merger or evnsolidatio2 19. TERMINATION A Penicipating Employer may to it parttcipat n the Plan tcludlng bal not reg IimitW to tribut vir lif 11-1 the Coll—mgac a) t s The Gove ing Amhosty oC the Pvrttcipeh e Employee must adopt a panieipntlon by Eligible Lntplo - which most be n date at legit sixty (htl)days after thu ndopuoo ofthe tesol ution. The Master Tmnez or it's designee. shall determine whether ehe msoluld wmphes with this provision. and ell applicable federal and .smte laws, and shall ,h b,rline an appmpna e effeo ve dote forthe ,[Employer paetieipati which shall ben, later than twelve l(12) m d' fromhe Masmr llh tP.'s receipt of the remlutiom The Admt r shall pro a appropriate fomr 1 tire Partcipating Employ vid ale oing panicipatiov. Dishibf—d under the Plan of ex ring a onthe ong Panlclpants and Beve6clnnaz a(fenled by the tevnln,liii are subject to — ,.pl vtlon provisions in tFis document. However. if b Participating Employer requesn a plan,h. plan wnsfer of Plan assess T re peu ro the Participating Employei s Employees who ere Participants. the Master Trvstee may in it s discretion make the hnnsfer. 19.2 Er(eet or'Cermivali,n by Participating E1,11 y f N the case of the complete or partial terminmion of the Plan al to one (I) or more Participating Employers, inclttding a termination arising from the discontivuanee and/or delivq ncy of eo rtibut .the--dport of the Moser Trl t.shall co to be held pursuam toes the dioreetion of the Mmaer Trustees for thes benehl oC af(eele0 ParticiDnnu puesaant to the beaelit provisions of this Plnn. The Plan sl�vll remain in full effect whh trslwct to e_ Panicipm,i g Employer that does not teaninnle ils panicipluiaa Florida Municipal PensivnTrvsl land anrot oeream ComPen:m;nn teen m 1,, Plan on behalf of its E,I.yeez_or whose panicip l— is vvt mnninamd by Ibe waste(-1— 19.3 Terminafivn of rntire Plmi This Plan in ils entirety may be terminated at any lime by official action of the Master ntribtnions and earnings to be credited m Partic;Vnnts Aea -, must be specified in the Mvsler Ttvsee s offio;al notion and musl Le no— than vinery (9p) days after the adoption of the o[f W action All actions essoeivted with the termination ofthe Plv iveluding n foal ac ling must be completed within twelve (Il) months altar the adoption of ofticinl cvevTn. Iv the even[ of a l mdh distrie Plan the Miear rus Ttee m lake all seeps re onvble to avoid v bution mmehea pania'pents vnd Beneficiaries. excep[ put5vam to benefit options ender the provisions of this Plan. nclvding�4dminis«ator if dw.bat be h shall be for nr Il< of the Master 20. Construction The provisions of[hl, Pen goner, the —,b—i- nr intetpreWtw,n of 11 Plan- These rules of wi m,d ivleryrel v shell apply for all pro tsions. and shall supersede any olhervonsrntctlov or mlerpreWtlov rule, 2 0.2 Co..trvcti"'vs vv eligiLle deferred compensafioa plan The PlauisestvblisaedendmninWinedwiththe;nervelhmthe Planalwaysbeav 111giblc deferted cvmpettzatton peon within the nreunmg of I_ F —(b) and confomr .the Inremvl Revenue Code's regniranenn for 1 ecognition a such v plvn. Therefore. the provisions of the Plnv shall be interpreted whenever possible m provisions lhat mn— to the applicable requirements of the Internal Revenue Code. When the Ivlemal Revenue Cade tended o nleryre[ed through .subsequent Ieeislation or reb'ula[ions or omer euidanw of general applicability. the Plan zhwld be rued vs storing provisions wnzistevt with such amendment or inlerymWtiov of the applicable law. 203 Gmslnmrion .vim roaming Sra[me The Plan iz esmblished and m fined with the in t [hat the Plan —form to the applicable requirements of the Psabllvg Slvtvte. The provisions of the Plav shall be nleryreted w er passible to a provisions thal cavfonm to nPpl-bl, ,egviremenls oP the Enabling Setute When the Fatab1mg Stalme s mmtded n metpmaed through subsequent legislation or regulations. the Plan should be oon —d as zl ve provisions consistent with artch amendment or interyretnlion of the applicable low. ioipul Pen on T-1 F, _(') o_d Compenmdon eluid an So.4 Cons,ruefion of statutes and regulations y reference to a Section of the Internal Revenue Cvde shall rued toalsorefer to anysu or prov not such lations. Any reference too Revenue Ruling or Revenue Procedure or IRS Notice orRiRS Announcunzni shell be trued to also refer [o any guidance of general uDDlicability,hat ex,endx amplifo, nr motlifies the I venue Ruling ar lEevenne Procedure or IRS Notice or IRS The Plan rulers to relevant regulations. inelndinB (but not limited to) i'muury revelations ,trader the Internal Revenue Co& without reghM to ,vhethrs the regulvtions ar mbs,a . ate, b,,, , i and d,d l g,,y ,o whether the regulatinns arc proposed or emporaryeor final; but it is intend.. that any provision that refers to a regulation shell be wed ,o refer ,o the regulv,ivn iv the sense of the appropriate legal eft of [under adminisira,ive procedure law vnd otherwise) rho, the reg,iletion airrendy has at the time the construction is made. To d,e extent th,l a provision states e dory owed to any government [rather ihvn a duty to a Partieipen, or Henefraary or other person or entity having an interesv undo [he Plant. [he provision shall be wnstmed es directory vnd shell be enforced only by the of an eligible deferred wmpensvtion plan within the mcvvivg oC IRC § 457(b) iveludes e duty owed m Participants vnd Bea,nfleiaries end is no, directory. To Me e 1 that a covnrue,ion or iraterpretadon of the Plan involves a conswc,ion of a r regulation. die Pia, Adminlstmtor may (but Is vot required ,o) eovs,ma the stemtao regulation accordingmthe(Jn�nn $fnfu101J��liif!'u[(iOI1 i1 [l. Sd.S Consfructivn vfwnrds,uid phrases The headings vnd numbering of provisions in the Plan vnd text that is need within brackets. eecluding tax[ in parenthesis are Included solely for covvenionec of reference and arc not intended m limit or amplify or control the meaning or imetprsution or eonawetmn ofanr promsmn or n,is Plan_ Thephrcae'-der Ne Pinn'or'nnder this Plav mfersmthe enure plan(.Mmer Tntst Agreement) as a whale a,,d no, merely to any pan of any documen, or Provision iv which the phrase appears. Any rekr — to a Part of the Plan refers tv the whole Pan. Any ,efe— ,n a Definition or Provislov o[ the Plan refers to the whole Definition or Provision unless ,he reference peoifies a particular portion or paragraph of ,he Thx sivgulur shall be —,,0ued to include the piurvl. unless the contest tunny indicats i,ih, ise. ipb Pevsivn Tm.n Fund 5]I",— reed Compere The wbld, "a "if'shall be wnsvrucd to mean the p—,lb the extent tha,'. as appropniate m the wbtcx[. ADy referebw to the Plen Administrator shell be cobnmed to refer also to thz Agem vmd the Issbet(s) and any other pang acting for or m the instruction of the Plan Admhtistcalm. Unless the provaion itetes otherwise, noy refeence to a verso or om[v shin be a Paafcipavt or Benaholary or other person orcrony having D, i--, under Ilia Plan). th, provision shall be wos[rued os directory end shall be enforced only by the Any refrence to a wrporutlon or similar organization shall be wns[rued to include any successorw the wrporntion or similar organization. All provisions of the Mast,, Trost Agreement that do Dul c.D bi , with the Plmn ar meorporated by reference and are v pan of the Pleb as if fully set forth by this dacumwt_ All provi-b, ofa prospectus abd swtement of additional informnuon or sti—.11 of op—lilb ofa F-d thvt do not wnnivt with the Plav are ineoryomled by reference and are v p-1 of lb, Pleb as if fully set forth -hi, doeumem. If nny provision co dug a benefit under the Plnn is —big—, a cliD,—b- or mery[elution of the provision that would pl'ovide thar such benefit is available m n nov- disorimina[orymanner shell [eke p—dance over a wvswction or inlerymtetion thnt would not va provide. 20.G C—Ifilbli.. by re[nr ..del lax To the extent that any conswction beyond the wrinen provisions o[thc Plvn is necessary. he plan sball be lb,--d (except vs otherwise provided by the Plnn) according m ivy theveurrelb Restatement of law published or promulgated by the Ameriiav Lax' Ims-litutc y Ihen-current Ubifomr All or Model Acl published o -- by Ili National Confuenee of Commissioners on Uniform Stale Laws, Forbthis purposes Ibe Plan Administrator mvy rely ov tM1e text o[any Ubifonv Au or Model Act as published in the cu nt edition of Martindale -Hubbell Law Dig- The plan Administramr may wider a w,lhdraxm Uniform Ad or Model Act if Do successor Ills berm promvlgaled Among these sources. the Plan Administra[or in its sole discretion may seleu any order of reference vnd if more tban one source is relevvnt may decide which source it Doacidus wnvolllvg or appropriate_ 20.7 Inces[ment Lax' Whevever, aftm'applymgthe speoifle covstnictiov rules of any Definition or P—isiov or Pan and the g—.1 wna[ructioa rates sI-d iv this Pun_ me Plan may be suseegible to e man o vremrentlon. ma�mtaann l e 1- or l eonststent with oro theNis notonoonsistent witha apphcvble Invcttment Caw s pra@ned SO.R M., Con[and Glofitla Con l4hen applymga.y of the preceding coosbvchon rules relating to the Internal Revznue Coda or the Fnablmg Slalule or Employment Laws or fovemnrcnl Coniaets Isms. the s opplievlion is —n to the Coeutimtion of the USA or is contrary to the C-11.ution oC Florida: however. he Plan Admlvislmlor may premmc chat any statute or mgvlation or order is not unconsituuoval anti) o Dnblisbod con[nilling wort docision eaDressly hold Wal such law is contrary to a Constitution. da Municipal Pension Trust Fund s]@ O '@c Plan Document is 25 signed here. Your Plan is not complete-1hoat ywn Adopsion Agrezmenc by which you mtut specify the w¢fb—g and elective provisions that you desire for your Plan. YouIt sign the Adoption Agreement to show your ad option ofyourPlan- Florida Municipal Pension Trust Fund § 457(b) Defvnred Compensation Plan Adoplian Agreement M— tell us about the 1•ortici a r Gn IOVer: Name of Gevcmment E,,tily I Cit or Lon vaod Address 1 175 Wcst Warren Avenue Address Cit-Stare-Zi Wn cod, PL 32]50 Individual to Receive Plan Notices Ms. Monioe Mitchell Title Finaooe Diceotor--------- Tole hoot ------------ 40]-260-34]5 Fax 40]-260-3451 rail titchell i.Ion ood.tl.us Your Plan Adnnnrstratar �s. Florida League of Cities, Inc. 30I S. Hmnouglt Streer 10. Eox 1]5] Tzlla, (850 F 22-9 32302 Phone: (850j 222-968a Contacts: Mark Sittig, lietircment Services Manager, --- -6]]9 x216, marksittigQtloit, FMPm Taimmi Jackson, FMPTF Tmst Admioista[or, 850-224-6]]9 x272 tjackson oQfciucs.com Ptao ProvM6- The Panicipating Employer will use FMPT-ii 457(b) Deferred Compensation Plan. For any Plan choice drat this Adoption Agreoment faits to specify, the Partioipating Employer is deemed to have specified the firsldisplayed choice. Florida Municipal Pennon Trust Fund § 457(b) Dcfeaed C,.,G tion Plan Adoption Agrccmcnt Your Plan Vcar is: October l— September 30 hay l — Duembcr 31 ❑ ONu The payml I period of- Participating Employe, is ❑ weekly ® bi-weekly ❑ onthly ❑ onthly 0 �11 b'pecify]: Whn's'Gigible? �, Covered Dcpanmcnts A Participating Employer may cove, all ofits departments in thr Plan .—by Nose listed: ® All Del, artments ❑ Covered Departments (must specify) Any Employee Gom a eyed department (and any n oral person o independent who is an elected or appointed official or oM—) is eligible to make § 457(b) Plan deknals from his of her wages or fees paid by the Participating Employe, A., Employee is cli&l, to begin Varticipetion immediately upon etu'ollment into Plen by completing the required tlocuments. r Florida Municipal Pension Tmst Fund § 451(b) Deferred Compensation Plan Adoption Ag b—llt' ClmnKing onU Terminnting thts Adoption Agreement If a Participating Employer desires to amend any of its elections eonlained in this Adoption Agreement, the Participating employ., by otiicinl eotion must adopt an ammen endt to the Adoption Agreement or a new Adoption Agreement must be adopted and forwarded to the FMPTF for approval. This Adoption Agree —t may be tenninaled only in ec By signing below, the Participating Employer adopts the FMPTF 01(b) Defcmed Compensation Plan ("Plan"). The Participating Employer acknowledges that it rcrci,M a copy of the Plan. The Participating employer shall ,wive copies of any Plan amendments made by the PMPTF. 'rhe Participating Employee's signet represents that he or she is a proper o(Ecer of and has --city m enter into this Adoption Agreement es an obligation of the Participating EmplOYe,. CITY OF LONG WOOD Paul Lovestrand, Mayor Atrest n ll�f' Geraldine D Zambrr 'yClerk Dale:. Accepted for ihc: Plofidn Mnn ieipal Pension Trost FNtd By the Administrator_ Florida Gcagoe oI Cities Inc Date TRUST JOINDER AGIIEEMCN I It_ DERERRED COMPENSAFION PLANS UNDER FLORIDA MUNICIPAL PENSION TRUST FUND MASTERTRUST AGREEMENT THIS TRUST JOINDER AGREF.MENJ', b--, the City of Longwood, Flonde (herein referred to as III, TN Iipating Employer') and 'III Master Trustees of the Florida Muniopal Pension Trust Fund (herein referred to as rite "Mastet Trustee'). VVITNESSE'I'JI: tV H EREAS, the Participating Employer desires P, provide a deferred oomperrsatiou plan lol rho sole and exclusive benefit of its Patticipnting Employees and their Beneficiaries, and fot such purposes adopted Resolution No. 0101-1039 on Ilse 5M, dny of S� rbe,, 2001 providing far the establishment of a deferred—pensation plan, n w IIEREAS, said Resolution amhor ,arti pcipation ithe FloriMu da nioipal P-- Teust P_d ("FMPTF') and further authorizes the execution of this Trust Joinder Agreement to becr�no a party m the FMPTF Master Trust Agrcemcrn: and -IF,REAS, the Participating £mployer desires to submit this Trust Joinder Agreement to the Master T—II, to becom a party to the FMPTF M�mt , Trust Agrc -1, 'THEREFORE, in coltsideration of the nmtuol covenants and agrcaments flowing to,acb of the parries heretq iris egfeed as follows: 1. Bosh parries to this Tfuut Joinder Agreement agree that the City of Longwood, Florida e Participating Employ, as provided the Florida Munioipal Pension Trust Fund Master Trust Agreement (Master Tnrsl Agreement'). 2 As provided in the plan provisions selected by the Participating Employer. the Particpnting Employe( shall A- limoly contributions or shall Iimely (,Huard contrb,II-1 made by Participating Employees for the deferred compensation plan. l- As provided in the plan provisions :elected by the Penicipntmg Employer_ the Pnnicipntmg Employer shell tinely ret nely approve the re iuence of administrative fees. may be due under rltedeferred compensation plan. m 4. The Participating Employer agrees to pl—d, rill ii tins and updam all televant Pan -.,Brig Employee information required undo the deferred compensation plan to the Administratof designated by the Mast, Trustee_ The Participating £mployer shall certify said information to be,otre, Ie the best of im knowledge and the Masser Trustee end the Adininistmtof shrill have the right to rely on the aee,racy of said infomtalion in potfotming c,ntrvrxual reaponsibilitics. s 2 5, The Participating Employer has the responsibility to provide the Administrator designated by the Master Tmstee, in Holy m , all inf—Ni- co ring Participating Employee to The Petticipat ng Employ er shall ,—fy —d infortnatian to be c 1 to thcabest of its knowledge end the Master Tmsren and the Administrator shell have If,, right m rely on the accuracy of said information in perfemting conttactunl respoasibi litie4 5. The patties to this Trust Joinder Agmement 1,,— to abide by and be bound by the s, duties, tights and obligations fthe parties as set forth in rite Florida Municipal Pension Trust Fund Master 'Trust Agreement, as may be amended by the Mastro Tt -It, which is ettnched heroto and is made u pert of this Trust km- Agraomem. P. Either party m-ay terminate this Trust Joinder Agreement by giving at least 60 days Cling to tine odtcr peny. Any termination shall be governed by the ','visions of the Floods Mnnieipel Pension Trust Fund Maslen Tms Agreement and the plan dowmcnt for the deferred oomp,t—don plus. IN WITNESS WHEREOF, the Participating Employer has --d this Trust Joinder Ao be exeouted and the signawre oC its vutlmtized officer affi>'.cd this /L day of 2-6 CITY OF LONG WOOD BY : (1G,ee� _�_/ Paul Lovcstmnd. Mayor ATTL T: '`7J p dfwe�f *O�i Gerzldlue DZIe bn, City Clerk DATE: FLORIDA MUNICIPAL PENSION TRUST FUND BY: Secretary -Treasurer