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ICMA-RC 1/8/2020
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ICMA-RC 1/8/2020
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Last modified
1/16/2020 9:44:32 AM
Creation date
1/16/2020 9:44:10 AM
Metadata
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Template:
Contracts
Contractor's Name
ICMA-RC
Approval Date
1/8/2020
Council Approval Date
1/8/2020
Department
Human Resources
Department Project Manager
Kandy Bartlett
Subject / Project Title
Restated and Amended Administrative Services
Tracking Number
0002163
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Professional Services
Retention Period
6 Years Then Destroy
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Plan number 301333 <br /> renewed automatically for each succeeding year unless written notice of termination is <br /> provided by either party to the other no less than 60 days before the end of such Agreement <br /> year. The Employer understands and aclmowledges that, in the event the Employer <br /> terminates this Agreement (or replaces the Vantagepoint PLUS Fund, offered by <br /> VantageTrust, as an investment option in its investment line-up), ICMA-RC retains full <br /> discretion to release Plan assets invested in the Vantagepoiut PLUS Fund in an orderly <br /> manner over a period of up to 12 months from the date ICMA-RC receives written <br /> notification from the Employer that it has made a final and binding selection of a <br /> replacement for ICMA-RC as administrator of the Plan (or a replacement investment <br /> option for the Vantagepoint PLUS Fund). <br /> This agreement can be terminated by the Employer with cause with 150 calendar days <br /> advance notice. <br /> 11. Amendments and Adjustments <br /> (a) This Agreement may be amended by written instrument signed by the parties. <br /> (b)ICMA-RC may modify this agreement by providing 60 days' advance written <br /> notice to the Employer prior to the effective date of such proposed modification. <br /> Such modification shall become effective unless,within the 60-day notice period, <br /> the Employer notifies ICMA-RC in writing that it objects to such modification. <br /> (c) The parties agree that enhancements may be made to administrative services <br /> under this Agreement. The Employer will be notified of enhancements through <br /> the Employer Bulletin, quarterly statements, electronic messages or special <br /> mailings. Likewise,if there are any reductions in fees,these will be announced <br /> through the Employer Bulletin, quarterly statement, electronic messages or <br /> special mailing. <br /> 12. Notices <br /> Unless otherwise provided in this Agreement, all notices required to be delivered under <br /> this Agreement shall be in writing and shall be delivered,mailed, e-mailed or faxed to the <br /> location of the relevant party set forth below or to such other address or to the attention of <br /> such other persons as such party may hereafter specify by notice to the other party. <br /> ICMA-RC: Legal Department,ICMA Retirement Corporation, 777 North <br /> Capitol Street,N.E., Suite 600,Washington, D.C., 20002-4240 <br /> Facsimile; (202)962-4601 <br /> Employer: at the office set forth in the first paragraph hereof, or to any <br /> other address, facsimile number or e-mail address designated by the <br /> Employer to receive the same by written notice similarly given. <br /> Each such notice, request or other communication shall be effective: (i) if given by <br /> facsimile, when transmitted to the applicable facsimile number and there is appropriate <br /> 9 of 13 <br />
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