Reso 2010-068 - Laserfiche WebLink

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2.22. Plan. "Plan" means the Code section 457(b) eligible deferred compensation plan as set forth herein and any amendments hereto. 2.23. Required Beginnina Date. "Required Beginning Date" means April 1 of the calendar year following the later of (i) the calendar year in which the Participant attains age seventy and one-half (70-1/2) or (ii) the calendar year in which the Participant retires. 2.24 Spouse. "Spouse" means. the person to whom the Participant is married (or was married in the case of a "surviving Spouse"). Notwithstanding the preceding provisions, a "Spouse" or "surviving Spouse" shall be defined in section 7 of Title 1 of the United States Code for purposes of any of the following provisions of the Plan: A. The provisions of the Plan that allow rollovers by a Spouse under Code section 402 of the Code; B. The provisions of the Plan that afford special treatment to a married participant or a Spouse under the required minimum distribution rules of Code section 401(x)(9); C. The provisions of the Plan that follow the rules contained in the Code with respect to qualified domestic relations orders; and D. The provisions of the Plan that allow Participants to obtain unforeseeable emergency distributions for Spouse's medical or funeral expenses. 2.25. Severance From Employment. "Severance From Employment" means the Employee ceases to be an Employee of the Employer within the meaning of Code section 457(d)(1)(A)(ii). A Participant shall be deemed to have severed employment with the Employer for purposes of this Plan when both parties consider the employment relationship to have terminated and neither party anticipates any future employment of the Participant by the Employer. 2.26. rust. "Trust" means the deferred compensation trust, the custodial account described in Code section 401(f), or the annuity contract described in Code section 401(f), created by the Employer pursuant to Code section 457(g) and the Assets Held In Trust section, above, for purposes of holding all amounts of compensation deferred under this Plan, all property and rights purchased with such amounts, and all income attributable to such amounts, property, or rights for the exclusive benefit of the Participants and their Beneficiaries. 2.27. Trustee. "Trustee" means the trustee(s) signing the deferred compensation trust, the custodian(s) of the custodial account(s) described in Code section 401(f), or the insurance company(ies) providing the annuity contract(s) described in Code section 401(f), established by the Employer pursuant to Code section 457(8) and the Assets Held In Trust section, above, and any successors to such trustee(s), custodian(s) or insurance company(ies).