Agenda Packets - 1983/09/12 - Laserfiche WebLink

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any such plan or system Nothing contained in tins Plan shall be deemed to constitute an employment contract or agreement between any Participant and the Employer or to give any participant the light to be retained in the employ of the Employer Not shall anything herein be consttued to modify the terms of any employment Contract or agreement between a Paillcipant and the Employer X. AMENDMENT OR TERMINATION OF PLAN The Employer may at any time amend this Plan provided That tl hansmds such amendment in willing to the Administrator al least 30 days prior to The ellectwu date of Iha amendment. The consent Of the Adnantstmlor shall not he te,pnied in mile, tar such amendment to become ullecuve, bill the Administrator shall be under no obhg„ tier, la colelnant aelutg its Adnemeshalur he,euntlet if d disapproves of such amendment The Employer may at any time terminate this Plan The Administrator may of any tittle Propose an antendntenl m the I'hm by,ln alstiuufeml m wubng h ansnutled to the Gnployc' at least 30 days before the elleclne date of the amendment. Such amoudn,uml shall become clleclwe unless, will"" such 30•day period the Employet notifies the Administrator in writing that It disapproves such amendment, in which case such amendment shall not become effective. In the event of such disapproval, The Adminislmlor shall be under no obligation to continuo acting as Administrator hereunder r No amendment or termmalion of the Plan shall divest parbclpanl of any rights with respect to compensation delell before the (true of the amendment or lormmation. III. APPLICABLE LAW This Plan shall be construed under the laws of the slate where the Employer is located and is established with the intent Thal it meal the requirements of an"eligible Stale deferred compensalion plan" under section 457 of the Internal Revenue Code of 1954. as nmen,bd the Provisions of this Plan shall be interpreted wherever 1ys„e•q• ,,, undornufy will, The mquirenicnls of Thal section. %II. GENDER AND NUMBER Tilt, neasuulutc prmmun, wlnaecw;e used heroin, 5he11 include the Icnunme pronoun, and the singula shall mclUde the plural, except where file conlexl requires otherwise.