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SAN LEANDRO ADMINISTRATIVE CODE <br />TITLE 10 HUMAN RESOURCES <br />Chapter 1 Deferred Compensation Plan <br />(b) The employer may at any time discharge in full its obligation under the Plan to any <br />participant by distributing to any participant, or following the death of a participant, to his <br />beneficiary, all amounts credited to the participant's book account. <br />(c) In the event of the termination of the Plan by the employer under subsection (a), the value <br />of a participant's or of each participant's book account shall be distributed to the <br />participant or participants or their beneficiaries no later than sixty (60) days after <br />termination of the Plan. The amount, method, and time of payment shall be determined <br />as provided in § 10.1.135. <br />The employer hereby establishes the City of San Leandro, California Deferred Compensation <br />Plan on the terms and conditions as set forth in the Deferred Compensation Plan. <br />Editor's Note: <br />This Chapter was first codified administratively in 1983. <br />Department Responsible for Revision: Human Resources Chapter 10.1 <br />04/19/1983 Page 8 <br />