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R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
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R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
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10/14/2015 2:06:27 PM
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Resolution/Ordinance
Res Ord Num
R2009-37
Res Ord Title
ADOPTING POST EMPLOYMENT HEALTH PLAN - NATIONWIDE RETIREMENT SOLUTIONS
Department
City Manager
Approved Date
4/6/2009
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. <br /> ARTICLE XIV <br /> MISCELLANEOUS <br /> 14.1 Merger of Trustee. Any corporation into which the Trustee is merged <br /> or with which it is consolidated, or any corporation resulting from a merger, <br /> reorganization, or consolidation to which the Trustee is a parfy, or any corporation <br /> to which all or substantially all the Trust business or the Trustee is transferred shall <br /> become the successor trustee under this Agreement without the execution or filing <br /> of any further instrument or the performance of any further act. <br /> 14.2 Employers. Any Employer that adopted or adopts the Plan prior to or <br /> after the effective date of this Agreement shall be considered a party to this <br /> Agreement without further act on its part. Each Employer shall be bound by all the <br /> terms and conditions of the Plan and of this Agreement, as then in effect and as it <br /> may thereafter be amended. The Administrator shall have the sole authority to <br /> enforce this Agreement on behalf of each Employer, and the Trustee need not <br /> deal with any Employer, except by dealing with the Administrator as the agent of <br /> the Employers for the purposes of giving or receiving notices, instructions, directions <br /> and other communications to or from the Trustee and approving the accounts of <br /> the Trustee. The Trustee shall invest and administer the Fund as a single fund for <br /> investment and accounting purposes without identification or allocation among <br /> the Employers or to any employee or group of employees or their beneficiaries, <br /> unless the Trustee and the Administrator agree in writing to segregate funds. <br /> 14.3 Alienation of Fund. No right or claim in or to the Fund or any assets <br /> thereof shall be assignable or subject to garnishment, attachment, execution, or <br /> levy of any kind; any attempt to transfer, assign, or pledge the same shall be void <br /> and shall not be recognized by the Trustee except to such extent as may be <br /> legally required. <br /> 14.4 A�plicable Law. The provisions of and validity and construction of this <br /> Agreement shall be administered, construed, and enforced in accordance with <br /> the laws of the United States and the laws of the State of Illinois, and the Trust <br /> created hereunder shall be administered in accordance with such laws. <br /> 14.5 Headinas Not Part of the Aqreement. Headings of Arficles and <br /> 27 , <br />
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