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2. Employee releases Employer A from all of its obligations to <br />Employee under Plan A. <br />3. Employer B shall assume the obligation of Employer A to pay <br />benefits to Employee or his /her beneficiary under Plan A. Employer B <br />shall fulfill this obligation by accepting the amount transferred in <br />accordance with paragraph 1, above, and crediting such amount to the <br />account held under Plan 8 for the benefit of Employee. Employee's <br />rights with respect to amounts transferred under this Agreement shall be <br />determined in accordance with Plan B and Deferred Compensation Agreement <br />B. <br />4. Employee shall have no further rights under Plan A or <br />Deferred Compensation Agreement A. <br />5. Nothing contained in this Agreement shall create or modify any <br />right of the Employee to the amount transferred in accordance with <br />paragraph 1, above, or to any assets of Employer A or Employer B, except <br />as specifically provided in Plan B or Deferred Compensation Agreement B. <br />6. The <br />intent of thi parties Agreem nt 1 including,acbutnsnotCelimitedo to, notifying the <br />and directing any persons holding funds under Plan A or Plan B to make <br />or accept the required transfers. <br />7. This Agreement shall be binding upon the parties, and their <br />beneficiaries, successors, assigns, and heirs. <br />IN WITNESS WHEREOF, the parties hereto have set forth their <br />signatures and affixed their seals on the day and year first written <br />above. <br />EMPLOYER A- City of Rush City <br />2 <br />BY: <br />ATTEST: -v-y <br />TITLE Mayor <br />w K1/ TITLE Deputy Clerk <br />EMPLOYER B City of Little Canada <br />BY: <br />TITLE Mayor <br />ATTEST: <br />EMPLOYEE: <br />TITLE Administrative Secretary <br />Page 36 <br />