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IV· "City" shall mean CITY OF SANTA ANA. "Employee" shall mean any officer or employee of the City who is a full-time regular employee· "Participant" shall mean any Employee who fulfills the eligibility and enrollment requirements of Article 5 of this Plan and who agrees to participate in this Plan. ADMINISTRATION - This Plan shall be administered by the city. The City shall have full power and authority to adopt rules and regulations for the administration of the Plan, and to interpret, alter, amend and revoke any rules and regulations so adopted. V. PARTICIPATION IN THE PLAN - Eligibility - Any full-time, regular Employee who has completed one full year of employment and who is not beyond 65 years of age is eligible to participate in this Plan. B. Enrollment in the Plan: An eligible Employee may become a Participant in the Plan within sixty (60) days of the imple- mentation of this Plan, or on the first day of any calendar year following the Participant's eligibility. Participation may be accomplished by filing a Participation Agreement with the city to defer compensation not yet earned. At the time of entering into an agreement here- under to defer Compensation or the time of re- entry following a withdrawal a Participant must agree to defer a minimum amount of $360 per annum. A subsequent agreement with respect to compensa- tion not yet earned may be executed at any later time, except that no Participant may make more than one agreement in any calendar year, or except as provided in Article VII hereof with respect, to WITHDRAWAL. A Participant's agreement with the City to defer compensation not yet earned may be revoked at any time by notifying the City in writing thirty (30) days prior to the effective date of the revoca- tion. Upon revocation, the Participant's compen- sation shall be restored to its normal, current salary level. - 2