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SAN LEANDRO ADMINISTRATIVE CODE TITLE 10 HUMAN RESOURCES Chapter 1 Deferred Compensation Plan &10.1.150: FACILITY OF PAYMENT. If any participant terminates his employment with an unpaid debt owing to the employer, and neglects or refuses to liquidate the debt by any other means when due and upon demand, the employer shall be entitled to collect the amounts due from the deferred compensation owed to the participant under the Plan. &10.1.155: MISCELLANEOUS. (a) Status of Particiuants. Neither the establishment of the Plan nor any modification thereof, nor the establishment of any book account, nor the payment of any benefits, shall be construed as giving to any participant or other person any legal or equitable right against the employer except as herein provided; and, in no event, shall the terms of employment of any employee or participant be modified or in any way affected hereby. (b) Condition of Plan. It is a condition of this Plan, and each employee by participating herein expressly agrees, that he shall look solely to the general assets of the employer for the payment of any benefit to which he is entitled under the Plan. (c) Governing Law. This Plan shall be construed, administered, and enforced according to the laws of the State of California. (d) Designation of Beneficiaries. Each participant shall have the right, by written notice to the employer, to designate beneficiaries to receive any benefit to which said participant may be entitled in the event of his death prior to the complete distribution of benefits. If no such designation is in effect on a participant's death, his beneficiary shall be his estate or if no executor or administrator is appointed within six (6) months after the participant's death, the employer shall direct said benefits to be paid to one or more of the following: spouse of the participant, lineal descendants, lineal ancestors, blood relatives. &10.1.160: AMENDMENT AND TERMINATION. (a) The employer may at any time and from time to time modify, amend, or terminate the Plan in whole or in part (including retroactive amendments) or cease deferring compensation pursuant to the Plan, by delivering to each participant a written copy of such modification, amendment, or termination or of a notice that it ceases deferring compensation; provided, however, the employer shall not have the right to reduce or affect the value of any participant's book account or any rights accrued under the Plan prior to such modification, amendment, termination, or cessation. Department Responsible for Revision: Human Resources Chapter 10.1 04/19/1983 Page 7