1987 015 Resolution - Laserfiche WebLink

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.: ,T s (8) TERM - The term of this Agreement shall be fora period beginning on the date of its execution and ending on the latter of (i) the date occurring thirty-six (36) months after the first Participating Employee enrolls under the Plan, or (ii) the date there are no Participating Employees under the Plan, or (iii) the date there are no Continuing Members under the Plan. Provided, however, that until the expiration of thirty-six (36) months from the date the first Participating Employee enrolls under the Plan, the Employer will not offer to any Participating Employee any other plan of nonqualified deferred compensation as provided for under Section 457 of the Internal Revenue Code. The Employer may, however, maintain any existing plan of nonqualified deferred compensation so long as such plan is not offered to any Participating Employee until the expiration of thirty-six (36) months from the date the first Participating Employee enrolls under the Plan. (g) ENFORCEMENT - Failure of either party to enforce any provision(s) of this Agreement shall not invalidate such provision(s) or prejudice either party's right to subsequently enforce such provision(s) or other provision(s) of the Agreement. (10) ENTIRE AGREEMENT - This Agreement constitutes the whole Agreement between the parties hereto and there are no other agreements between the parties except this Agreement and the Agreements referred to herein. (11) APPLICABLE LAW - This Agreement shall be construed in accordance with the laws of the State of Ohio. IN WITNESS WHEREOF, the parties hereto have set their hands to this Agreement the day and year first above written. WITNESSES: OHIO PUBLIC EMPLOYEES DEFERRED COMPENSATION BOARD BY: EPIPLOYE~-- ~~ n 1 Fred N. Carmen, Mayor i ~ '-~~ ~ , Santo Basile, Preside~n of Council -~(~arvv.4 ~ ~~~