(a) Council hereby adopts the Independent Plan Coordinators of Ohio (IPC) Model Deferred Compensation Plan and its attendant investment options as the Village of Minerva Deferred Compensation Plan for the voluntary participation of all eligible Village employees and elected officials and agrees to be bound by all terms and conditions set forth in such Plan.
(b) The Village Administrator is hereby authorized to execute for the Village an adoption agreement with IPC of Ohio and individual participation agreements and contracts as are necessary to implement the Plan. It is understood that, other than the incidental expenses of collecting and disbursing employee deferrals and other minor administrative matters, there is to be no cost to the Village.
(Ord. 11-95. Passed 4-11-95.)
(Ord. 11-95. Passed 4-11-95.)
(c) Editor’s Note: Pursuant to Resolution 28-99, passed August 10, 1999, Council amended and restarted the Deferred Compensation Plan in the form of the Plan and Trust provided by the Administrator and attached to said Resolution.