1987 015 Resolution - Laserfiche WebLink

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4 • - ~ (4) ENROLL~AENT PROCEDURES AND WITHHOLDING AND REPORTING OF DEFERRED AMOUNTS - Employer adopts, consents to, and agrees to operate in accordance with the terms of the Procedures, which include the procedures for the enroll- ment of all Eligible Employees, the withholding of deferred amounts, the recomputation of taxable income, and the remittance of the deferred amounts to the Board. Any additions or amendments to the Procedures shall be provided by the Board at least sixty (60) days in advance of the effective date of any such additions or amendments and the Employer's consent to such Procedures shall be deemed given unless denied within thirty (30) days of the receipt of such additions or amendments. (5) CONFIDENTIALITY - The Board hereby agrees that any information provided the Board by the Employer is confidential and shall not be used by the Board, or its designees, for any purpose other than to carry out its responsibilities under the program. (6) COMMUNICATION WITH PARTICIPANTS - The Board agrees that through its designees, it shall provide sufficient personnel and services to answer any inquiries concerning the Eligible Employee's participation in the Program. The Employer agrees that it will not communicate with Eligible Employees or participants concerning the Program unless such communication has been approved in advance by the Board, or its designees. (7) LIABILITY OF EMPLOYER AND BOARD - The Board and the Employer shall have no liability under the Program or the Plan except as provided in this Agreement, the Plan, and the exhibits attached hereto. Ttie Board shall indemnify and hold harmless the Employer from any and all liability which may be asserted against it arising out of the Board's implementation, offering, and administration of the Employer's Plan under the Program, provided that such liability is not a result of the Employer's own negligence. The Board shall endeavor to acquire liability insurance to satisfy its obligations hereunder to the Employer, but failure to acquire said insurance shall not reduce or mitigate the Board's responsibility to the Employer as herein provided.