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R2009-100 ESTABLISHING RETIREMENT HEALTH SAVINGS PLAN
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R2009-100 ESTABLISHING RETIREMENT HEALTH SAVINGS PLAN
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Last modified
10/13/2015 11:58:55 AM
Creation date
10/13/2015 11:58:50 AM
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Resolution/Ordinance
Res Ord Num
R2009-100
Res Ord Title
ESTABLISHING RETIREMENT HEALTH SAVINGS PLAN - ICMA RETIREMENT CORPORATION VANTAGECARE
Department
City Manager
Approved Date
6/15/2009
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Plan# 803093 <br /> 7. Responsibility <br /> (a) ICMA-RC shall not be responsible for any acts or omissions of any person other than ICMA- <br /> RC in connection with the administration or operation of the Plan. <br /> (b) The Employer understands that, as a general matter, the Internal Revenue Service ("IRS") <br /> may decline to rule on certain design features or provisions that the Employer may request to <br /> have added to the RHS plan materials. The Employer agrees to hold ICMA-RC harmless in <br /> connection with the addition and administration of any RHS plan feature or provision <br /> requested by the Employer for which the IRS will not provide express interpretive guidance. <br /> 8. Term <br /> This Agreement shall be in effect for an initial term beginning on the Inception Date and ending 5 <br /> years after the Inception Date. This Agreement will be renewed automatically for each succeeding <br /> year unless written notice of ternunation is provided by either party to the other no less than 60 days <br /> before the end of such Agreement year. <br /> 9. Amendments and Adjustrnents <br /> (a) This Agreement may not be amended except by written instrument signed by the parties. <br /> (b) The parties agree that an adjustment to compensation or administrative and operational <br /> services under this Agreement may only be implemented by ICMA-RC through a proposal to <br /> the Employer via correspondence or the Employer Bulletin. The Employer will be given at <br /> least 60 days to review the proposal before the effective date of the adjustment. Such <br /> adjustment shall become effective unless,within the 60 day period before the effective date, <br /> the Employer notifies ICMA-RC in writing that it does not accep�such adjustment,in which <br /> event the parties will negotiate with respect to the adjustment. <br /> (c) No failure to exercise and no delay in exercising any right, remedy, power or privilege <br /> hereunder shall operate as a waiver of such right, remedy, pawer or privilege. <br /> 10. Notices <br /> All notices required to be delivered under Section 9 of this Agreement shall be delivered personally <br /> or by registered or certified mail,postage prepaid,return receipt requested,to(i)Legal Department, <br /> ICMA Retirement Corporation,777 North Capitol Street,N.E.,Suite 600,Washington,D.C,20002- <br /> 4240; (ii) Employer at the office set forth in the first paragraph hereof, or to any other address <br /> designated by the party to receive the same by written notice similarly given. <br /> 11. Complete A�reement <br /> This Agreement shall constitute the sole agreement between ICMA-RC and Employer relating to the <br /> - 6- <br />
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