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FULL PACKET_2010-12-20
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FULL PACKET_2010-12-20
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1/3/2012 3:56:09 PM
Creation date
12/17/2010 11:58:46 AM
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City Clerk
Doc Type
Agenda Packet
Date
12/20/2010
Destruction Year
2015
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<br /> <br /> <br /> <br /> Plan number 306741 <br /> <br /> <br /> does not provide legal, tax or accounting advice with respect to the <br /> creation, adoption or operation of the Plan and the Trust. <br /> (f) Employer acknowledges that certain such services to be performed by <br /> ICMA-RC under this Agreement may be performed by an affiliate or <br /> agent of ICMA-RC pursuant to one or more other contractual <br /> arrangements or relationships, and that ICMA-RC reserves the right to <br /> change vendors with which it has contracted to provide services in <br /> connection with this Agreement without prior notice to Employer. <br /> 6. Participation in Certain Proceedings <br /> <br /> The Employer hereby authorizes ICMA-RC to act as agent, to appear on its behalf, and to <br /> join the Employer as a necessary party in all legal proceedings involving the garnishment <br /> of benefits or the transfer of benefits pursuant to the divorce or separation of participants <br /> in the Employer Plan. Unless Employer notifies ICMA-RC otherwise, Employer consents <br /> to the disbursement by ICMA-RC of benefits that have been garnished or transferred to a <br /> former spouse, current spouse, or child pursuant to a domestic relations order or child <br /> support order. <br /> <br /> 7. Compensation and Payment <br /> <br /> (a) There shall be no asset-based or per-participant fees charged under this <br /> Agreement. This includes no Contingent Deferred Sales Charges <br /> ("CDSC's"), Market Value Adjustments ("MVA's"), and front and/or <br /> back end loaded funds. ICMA-RC's compensation under this Agreement <br /> shall be as set forth in subsection (b) below. <br /> (b) Compensation for Management Services to the Trust, Compensation for <br /> Advisory and other Services to The Vantagepoint Funds and Payments <br /> from Third-Party Mutual Funds. Employer acknowledges that in addition <br /> to amounts payable under this Agreement, ICMA-RC receives fees from <br /> the Trust for investment management services furnished to the Trust. <br /> Employer further acknowledges that certain wholly owned subsidiaries of <br /> ICMA-RC receive compensation for advisory and other services furnished <br /> to The Vantagepoint Funds, which serve as the underlying portfolios of a <br /> number of Funds offered through the Trust. The fees referred to in this <br /> subsection are disclosed in the Retirement Investment Guide. These fees <br /> are not assessed against assets invested in the Trust's Mutual Fund Series. <br /> In addition, to the extent that third party mutual funds are included in the <br /> investment line-up for the Plans, ICMA-RC may receive payments from <br /> such third party mutual funds or their service providers, which may be in <br /> the form of 12b-1 fees, service fees, or compensation for sub-accounting <br /> or other services provided by ICMA-RC on behalf of the funds. <br /> <br /> <br /> <br /> <br /> 5 <br /> <br /> 25A-7 <br />
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