Common use of Administrative information Clause in Contracts

Administrative information. The Participating Employer further understands and acknowledges that: • This Participating Employer Agreement has not been approved by the Internal Revenue Service. Obtaining such approval, if desired by the Employer, is solely the responsibility of the Employer. • The Chair of the Tennessee Consolidated Retirement System ("Chair") and the Participating Employers are not responsible for providing tax or legal advice to Participants. • The Participating Employer has consulted, to the extent necessary, with its own legal and tax advisors. • All capitalized terms which are used herein but not defined herein shall have the meanings set forth in the Plan Document. • The Participating Employer will electronically remit in a timely manner, all employee and employer contributions to the Plan in a manner acceptable with the Plan's Third Party Administrator. The Employer's payroll administrator is responsible for reconciliation of all contributions to the Plan and shall provide the Plan Administrator with required contribution reconciliation reports. Each Employer is required to use the Plan Service Center to administer their employee contributions, indicative data, and enrollment information. If the Participating Employer fails to remit the requisite contributions in a timely manner, the Chair reserves the right, at the Chair's sole discretion, to terminate the Employer's participation in the Plan. In such event, the Chair shall notify the Employer of the effective termination date, and the Employer shall immediately notify all its Employees participating in the Plan of the termination and the effective date thereof. Notwithstanding the foregoing, the Employer acknowledges that it is the sole responsibility of the Employer to remit the requisite reports and contributions to the Plan and that neither the State, the Chair, the Trustees, its employees or agents shall have any responsibility or liability for ensuring or otherwise monitoring that this is done. • Participating Employers are required to use the investment options made available under the Plan. From time to time those investment options may be changed. If an investment option is eliminated, the Administrator may automatically reinvest the money in the eliminated investment option into a new investment option. After any appropriate black- out period, the affected Participants may re-direct money in the new investment option to any other available investment option. The Participants shall have no right to require the Administrator to select or retain any investment option. Any change with respect to investment options made by the Plan (on the Plan level) or a Participant (on the individual level), however, shall be subject to the terms and conditions (including any rules or procedural requirements) of the affected investment options. This Participating Employer Agreement is duly executed on behalf of the Participating Employer by the undersigned authorized signatories. PARTICIPATING EMPLOYER’S AUTHORIZED SIGNATORIES: By: By: Title: Title: Date: Date: ACCEPTANCE OF PARTICIPATING EMPLOYER'S PARTICIPATION IN THE STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II BY THE TREASURER, STATE OF TENNESSEE, CHAIR OF THE TENNESSEE CONSOLIDATED RETIREMENT SYSTEM. By: Title: Treasurer, State of Tennessee, Chair of the Tennessee Consolidated Retirement System Date: SCHEDULE 1 STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II - 401(k) PARTICIPATING EMPLOYER AGREEMENT Participating Employer Name: City Of Lakeland

Appears in 1 contract

Samples: tn-lakeland.civicplus.com

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Administrative information. The Participating Employer further understands and acknowledges that: • This Participating Employer Agreement has not been approved by the Internal Revenue Service. Obtaining such approval, if desired by the Employer, is solely the responsibility of the Employer. • The Chair of the Tennessee Consolidated Retirement System ("Chair") and the Participating Employers are not responsible for providing tax or legal advice to Participants. • The Participating Employer has consulted, to the extent necessary, with its own legal and tax advisors. • All capitalized terms which are used herein but not defined herein shall have the meanings set forth in the Plan Document. • The Participating Employer will electronically remit in a timely manner, all employee and employer contributions to the Plan in a manner acceptable with the Plan's Third Party Administrator. The Employer's payroll administrator is responsible for reconciliation of all contributions to the Plan and shall provide the Plan Administrator with required contribution reconciliation reports. Each Employer is required to use the Plan Service Center to administer their employee contributions, indicative data, and enrollment information. If the Participating Employer fails to remit the requisite contributions in a timely manner, the Chair reserves the right, at the Chair's sole discretion, to terminate the Employer's participation in the Plan. In such event, the Chair shall notify the Employer of the effective termination date, and the Employer shall immediately notify all its Employees participating in the Plan of the termination and the effective date thereof. Notwithstanding the foregoing, the Employer acknowledges that it is the sole responsibility of the Employer to remit the requisite reports and contributions to the Plan and that neither the State, the Chair, the Trustees, its employees or agents shall have any responsibility or liability for ensuring or otherwise monitoring that this is done. • Participating Employers are required to use the investment options made available under the Plan. From time to time those investment options may be changed. If an investment option is eliminated, the Administrator may automatically reinvest the money in the eliminated investment option into a new investment option. After any appropriate black- black-out period, the affected Participants may re-direct money in the new investment option to any other available investment option. The Participants shall have no right to require the Administrator to select or retain any investment option. Any change with respect to investment options made by the Plan (on the Plan level) or a Participant (on the individual level), however, shall be subject to the terms and conditions (including any rules or procedural requirements) of the affected investment options. This Participating Employer Agreement is duly executed on behalf of the Participating Employer by the undersigned authorized signatories. PARTICIPATING EMPLOYER’S AUTHORIZED SIGNATORIES: By: By: Title: Title: Date: Date: ACCEPTANCE OF PARTICIPATING EMPLOYER'S PARTICIPATION IN THE STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II BY THE TREASURER, STATE OF TENNESSEE, CHAIR OF THE TENNESSEE CONSOLIDATED RETIREMENT SYSTEM. By: Xxxxx X. Xxxxxxx, Xx. Title: Treasurer, State of Tennessee, Chair of the Tennessee Consolidated Retirement System Date: SCHEDULE 1 STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II - 401(k) PARTICIPATING EMPLOYER AGREEMENT Participating Employer Name: City Of LakelandTown of Alexandria Classes of Eligible Employees Contribution Amount TENNESSEE STATE EMPLOYEES DEFERRED COMPENSATION PLAN AND TRUST - 457(b) – RESOLUTION AND PARTICIPATING EMPLOYER AGREEMENT Town of Alexandria [Participating Employer] Administered by: Treasurer, State of Tennessee 000 Xxxxxxxxx Xxxxxx, 15th Floor Xxxxxx Xxxxxxx State Office Building Nashville, Tennessee 37243 Telephone: 000-000-0000 WHEREAS, RESOLUTION Town of Alexandria , Tennessee (hereinafter referred to as the "Employer") has determined that in the interest of attracting and retaining qualified employees, it wishes to offer a governmental 457(b) deferred compensation plan, funded by employee deferrals and, if elected pursuant to Section I and/or K of the Participating Employer Agreement, employer contributions;

Appears in 1 contract

Samples: www.townofalexandria.us

Administrative information. The Participating Employer further understands and acknowledges that: • This Participating Employer Agreement has not been approved by the Internal Revenue Service. Obtaining such approval, if desired by the Employer, is solely the responsibility of the Employer. • The Chair of the Tennessee Consolidated Retirement System ("Chair") and the Participating Employers are not responsible for providing tax or legal advice to Participants. • The Participating Employer has consulted, to the extent necessary, with its own legal and tax advisors. • All capitalized terms which are used herein but not defined herein shall have the meanings set forth in the Plan Document. • The Participating Employer will electronically remit in a timely manner, all employee and employer contributions to the Plan in a manner acceptable with the Plan's Third Party Administrator. The Employer's payroll administrator is responsible for reconciliation of all contributions to the Plan and shall provide the Plan Administrator with required contribution reconciliation reports. Each Employer is required to use the Plan Service Center to administer their employee contributions, indicative data, and enrollment information. If the Participating Employer fails to remit the requisite contributions in a timely manner, the Chair reserves the right, at the Chair's sole discretion, to terminate the Employer's participation in the Plan. In such event, the Chair shall notify the Employer of the effective termination date, and the Employer shall immediately notify all its Employees participating in the Plan of the termination and the effective date thereof. Notwithstanding the foregoing, the Employer acknowledges that it is the sole responsibility of the Employer to remit the requisite reports and contributions to the Plan and that neither the State, the Chair, the Trustees, its employees or agents shall have any responsibility or liability for ensuring or otherwise monitoring that this is done. • Participating Employers are required to use the investment options made available under the Plan. From time to time those investment options may be changed. If an investment option is eliminated, the Administrator may automatically reinvest the money in the eliminated investment option into a new investment option. After any appropriate black- black-out period, the affected Participants may re-direct money in the new investment option to any other available investment option. The Participants shall have no right to require the Administrator to select or retain any investment option. Any change with respect to investment options made by the Plan (on the Plan level) or a Participant (on the individual level), however, shall be subject to the terms and conditions (including any rules or procedural requirements) of the affected investment options. This Participating Employer Agreement is duly executed on behalf of the Participating Employer by the undersigned authorized signatories. PARTICIPATING EMPLOYER’S AUTHORIZED SIGNATORIES: By: By: Title: Title: Date: Date: ACCEPTANCE OF PARTICIPATING EMPLOYER'S PARTICIPATION IN THE TENNESSEE STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II AND TRUST BY THE TREASURER, STATE OF TENNESSEE, CHAIR OF THE TENNESSEE CONSOLIDATED RETIREMENT SYSTEM. By: Xxxxx X Xxxxxxx, Xx. Title: Treasurer, State of Tennessee, Chair of the Tennessee Consolidated Retirement System Date: SCHEDULE 1 TENNESSEE STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II - 401(kAND TRUST- 457(b) PARTICIPATING EMPLOYER AGREEMENT Participating Employer Name: City Of LakelandTown of Alexandria

Appears in 1 contract

Samples: www.townofalexandria.us

Administrative information. The Participating Employer further understands and acknowledges that: • This Participating Employer Agreement has not been approved by the Internal Revenue Service. Obtaining such approval, if desired by the Employer, is solely the responsibility of the Employer. • The Chair of the Tennessee Consolidated Retirement System ("Chair") and the Participating Employers are not responsible for providing tax or legal advice to Participants. • The Participating Employer has consulted, to the extent necessary, with its own legal and tax advisors. DRAFT • All capitalized terms which are used herein but not defined herein shall have the meanings set forth in the Plan Document. • The Participating Employer will electronically remit in a timely manner, all employee and employer contributions to the Plan in a manner acceptable with the Plan's Third Party Administrator. The Employer's payroll administrator is responsible for reconciliation of all contributions to the Plan and shall provide the Plan Administrator with required contribution reconciliation reports. Each Employer is required to use the Plan Service Center to administer their employee contributions, indicative data, and enrollment information. If the Participating Employer fails to remit the requisite contributions in a timely manner, the Chair reserves the right, at the Chair's sole discretion, to terminate the Employer's participation in the Plan. In such event, the Chair shall notify the Employer of the effective termination date, and the Employer shall immediately notify all its Employees participating in the Plan of the termination and the effective date thereof. Notwithstanding the foregoing, the Employer acknowledges that it is the sole responsibility of the Employer to remit the requisite reports and contributions to the Plan and that neither the State, the Chair, the Trustees, its employees or agents shall have any responsibility or liability for ensuring or otherwise monitoring that this is done. • Participating Employers are required to use the investment options made available under the Plan. From time to time those investment options may be changed. If an investment option is eliminated, the Administrator may automatically reinvest the money in the eliminated investment option into a new investment option. After any appropriate black- black-out period, the affected Participants may re-direct money in the new investment option to any other available investment option. The Participants shall have no right to require the Administrator to select or retain any investment option. Any change with respect to investment options made by the Plan (on the Plan level) or a Participant (on the individual level), however, shall be subject to the terms and conditions (including any rules or procedural requirements) of the affected investment options. This Participating Employer Agreement is duly executed on behalf of the Participating Employer by the undersigned authorized signatories. PARTICIPATING EMPLOYER’S AUTHORIZED SIGNATORIES: By: By: Title: Title: Date: Date: ACCEPTANCE OF PARTICIPATING EMPLOYER'S PARTICIPATION IN THE STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II BY THE TREASURER, STATE OF TENNESSEE, CHAIR OF THE TENNESSEE CONSOLIDATED RETIREMENT SYSTEM. By: DRAFT Title: Treasurer, State of Tennessee, Chair of the Tennessee Consolidated Retirement System Date: SCHEDULE 1 STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II - 401(k) PARTICIPATING EMPLOYER AGREEMENT Participating Employer Name: City Of LakelandTown of Nolensville DRAFT

Appears in 1 contract

Samples: www.nolensvilletn.gov

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Administrative information. The Participating Employer further understands and acknowledges that: • This Participating Employer Agreement has not been approved by the Internal Revenue Service. Obtaining such approval, if desired by the Employer, is solely the responsibility of the Employer. • The Chair of the Tennessee Consolidated Retirement System ("Chair") and the Participating Employers are not responsible for providing tax or legal advice to Participants. • The Participating Employer has consulted, to the extent necessary, with its own legal and tax advisors. • All capitalized terms which are used herein but not defined herein shall have the meanings set forth in the Plan Document. • The Participating Employer will electronically remit in a timely manner, all employee and employer contributions to the Plan in a manner acceptable with the Plan's Third Party Administrator. The Employer's payroll administrator is responsible for reconciliation of all contributions to the Plan and shall provide the Plan Administrator with required contribution reconciliation reports. Each Employer is required to use the Plan Service Center to administer their employee contributions, indicative data, and enrollment information. If the Participating Employer fails to remit the requisite contributions in a timely manner, the Chair reserves the right, at the Chair's sole discretion, to terminate the Employer's participation in the Plan. In such event, the Chair shall notify the Employer of the effective termination date, and the Employer shall immediately notify all its Employees participating in the Plan of the termination and the effective date thereof. Notwithstanding the foregoing, the Employer acknowledges that it is the sole responsibility of the Employer to remit the requisite reports and contributions to the Plan and that neither the State, the Chair, the Trustees, its employees or agents shall have any responsibility or liability for ensuring or otherwise monitoring that this is done. • Participating Employers are required to use the investment options made available under the Plan. From time to time those investment options may be changed. If an investment option is eliminated, the Administrator may automatically reinvest the money in the eliminated investment option into a new investment option. After any appropriate black- out period, the affected Participants may re-direct money in the new investment option to any other available investment option. The Participants shall have no right to require the Administrator to select or retain any investment option. Any change with respect to investment options made by the Plan (on the Plan level) or a Participant (on the individual level), however, shall be subject to the terms and conditions (including any rules or procedural requirements) of the affected investment options. This Participating Employer Agreement is duly executed on behalf of the Participating Employer by the undersigned authorized signatories. PARTICIPATING EMPLOYER’S AUTHORIZED SIGNATORIES: By: By: Title: Title: Date: Date: ACCEPTANCE OF PARTICIPATING EMPLOYER'S PARTICIPATION IN THE STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II BY THE TREASURER, STATE OF TENNESSEE, CHAIR OF THE TENNESSEE CONSOLIDATED RETIREMENT SYSTEM. By: Title: Treasurer, State of Tennessee, Chair of the Tennessee Consolidated Retirement System Date: SCHEDULE 1 STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II - 401(k) PARTICIPATING EMPLOYER AGREEMENT Participating Employer Name: City Of Lakeland:

Appears in 1 contract

Samples: rda.tnsosfiles.com

Administrative information. The Participating Employer further understands and acknowledges that: • This Participating Employer Agreement has not been approved by the Internal Revenue Service. Obtaining such approval, if desired by the Employer, is solely the responsibility of the Employer. DRAFT • The Chair of the Tennessee Consolidated Retirement System ("Chair") and the Participating Employers are not responsible for providing tax or legal advice to Participants. • The Participating Employer has consulted, to the extent necessary, with its own legal and tax advisors. • All capitalized terms which are used herein but not defined herein shall have the meanings set forth in the Plan Document. • The Participating Employer will electronically remit in a timely manner, all employee and employer contributions to the Plan in a manner acceptable with the Plan's Third Party Administrator. The Employer's payroll administrator is responsible for reconciliation of all contributions to the Plan and shall provide the Plan Administrator with required contribution reconciliation reports. Each Employer is required to use the Plan Service Center to administer their employee contributions, indicative data, and enrollment information. If the Participating Employer fails to remit the requisite contributions in a timely manner, the Chair reserves the right, at the Chair's sole discretion, to terminate the Employer's participation in the Plan. In such event, the Chair shall notify the Employer of the effective termination date, and the Employer shall immediately notify all its Employees participating in the Plan of the termination and the effective date thereof. Notwithstanding the foregoing, the Employer acknowledges that it is the sole responsibility of the Employer to remit the requisite reports and contributions to the Plan and that neither the State, the Chair, the Trustees, its employees or agents shall have any responsibility or liability for ensuring or otherwise monitoring that this is done. • Participating Employers are required to use the investment options made available under the Plan. From time to time those investment options may be changed. If an investment option is eliminated, the Administrator may automatically reinvest the money in the eliminated investment option into a new investment option. After any appropriate black- black-out period, the affected Participants may re-direct money in the new investment option to any other available investment option. The Participants shall have no right to require the Administrator to select or retain any investment option. Any change with respect to investment options made by the Plan (on the Plan level) or a Participant (on the individual level), however, shall be subject to the terms and conditions (including any rules or procedural requirements) of the affected investment options. This Participating Employer Agreement is duly executed on behalf of the Participating Employer by the undersigned authorized signatories. PARTICIPATING EMPLOYER’S AUTHORIZED SIGNATORIES: By: By: Title: Title: DRAFT Date: Date: ACCEPTANCE OF PARTICIPATING EMPLOYER'S PARTICIPATION IN THE TENNESSEE STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II AND TRUST BY THE TREASURER, STATE OF TENNESSEE, CHAIR OF THE TENNESSEE CONSOLIDATED RETIREMENT SYSTEM. By: Title: Treasurer, State of Tennessee, Chair of the Tennessee Consolidated Retirement System Date: SCHEDULE 1 TENNESSEE STATE OF TENNESSEE DEFERRED COMPENSATION PLAN II - 401(kAND TRUST- 457(b) PARTICIPATING EMPLOYER AGREEMENT Participating Employer Name: City Of LakelandTown of Nolensville Classes of Eligible Employees Contribution Amount DRAFT

Appears in 1 contract

Samples: Plan and Trust

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