Reso 2010-068 - Laserfiche WebLink

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4.03. Rollover Contributions. There may be transferred to the Trustee, subject to the approval of the Administrator and the Trustee, and, if deemed advisable by the Administrator, by means of an Eligible Rollover Distribution, all or any of the assets held (whether by a trustee, custodian or otherwise) on behalf of an Eligible Retirement Ptan that is maintained for the benefit of any person who is or is about to become a Participant in this Plan. Prior to accepting any such rollover contribution, the Administrator may require that the Participant or Employee establish to the satisfaction of the Administrator that the amount to be rolled over to the Plan is an Eligible Rollover Distribution from an Eligible Retirement Plan. Notwithstanding the preceding provision, the Plan will not accept an Eligible Rollover Distribution (i) from a Roth individual account described in Code section 408A or (ii) consisting of any after-tax Employee contributions. 4.04. Transfers From Other Plans. If (i) an Employee is entitled to benefits under this Plan, (ii) such Employee was previously covered by a Code section 457{b) eligible deferred compensation plan maintained by an employer that is an eligible employer within the meaning of Code section 457(e)(1)(A), and (iii) such plan provided for the transfer of such benefits pursuant to the provisions of Code section 457(e)(10) and the Treasury regulations promulgated thereunder, then this Plan will accept the transfer of such amounts if the Employer is satisfied, in its sole and absolute discretion, that such transfer and acceptance is permissible under Code section 457. 4.05. Time Of Contributions. A. A Participant's share of the Nonelective Deferred Compensation for a year shall be credited to the Participant's Account as soon as administratively feasible after the last day of such year or at such other times as the Employer or the Administrator may direct in its sole and absolute discretion. If the contribution is accrued for the preceding calendar year, and is actually made after the close of the calendar year, the Employer shall make such designation and such Nonelective Deferred Compensation shall be allocated to Participants' Nonelective Deferred Compensation Accounts as of the last day of the preceding calendar year. B. Elective Deferred Compensation accumulated through payroll deductions shall be paid to the Trustee as of the earliest date on which such contributions can reasonably be segregated from the Employer's general assets, but in any event within fifteen (15) business days following the end of the month in which such amounts would othewise have been payable to the Participant in cash. If the Plan has fewer than one hundred (100) Participants at the beginning of the calendar year, Elective Contributions to the Plan will be treated as timely made to the Plan if the contributions are deposited with the Plan no later than the seventh (7th) business day following the date the amount would have been payable to the Participant in cash. ARTICLE 5. ALLOCATIONS OF CONTRIBUTIONS AND VALUATION 5.01. Valuation Of The Trust. The Trustees, as of the close of business on each Valuation Date, shall determine the net worth of the assets of the Trust at their fair market value (using criteria and sources of information that the Trustee, in the Trustee's sole and absolute discretion, deems appropriate), and, except as provided in the Allocation Of Investment Results And Plan Expenses section, below, shall deduct all fees and expenses for which the Trustee has not yet obtained reimbursement from the Employer or from the Trust. Such valuation shall not 12