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25J - AGMT - DEFERRED COMP
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25J - AGMT - DEFERRED COMP
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Last modified
8/28/2014 4:02:39 PM
Creation date
8/28/2014 3:02:20 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
25J
Date
9/2/2014
Destruction Year
2019
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3, Should a Participant request a partial or full <br />withdrawal payment via ACH, Great -West will <br />assess the Participant its then - current ACH fee, <br />which is $15 as of the Effective Date but is <br />subject to change at the discretion of Great - <br />West. Should a Participant request periodic <br />payments via ACH, Great -West will not assess <br />an ACH fee. <br />4. Should a Participant request a partial or full <br />withdrawal payment via wire, Great -West will <br />assess the Participant its then - current wire fee, <br />which is $40 as of the Effective Date but is <br />subject to change at the discretion of Great - <br />West <br />5. Plan Sponsor may direct Great -West in <br />writing to assess a mutually agreed -upon per - <br />Participant fee, asset fee or combination fee to <br />Participant account balances. Such fee may <br />be deposited into the Plan Fiduciary <br />Administration and Reimbursement Account. <br />Any fees assessed under this paragraph may <br />be adjusted annually as instructed by Plan <br />Sponsor. <br />6. Any service that Great -West is requested to <br />perform beyond the scope of the services <br />described in this Agreement shall be provided <br />at a mutually agreed -upon price negotiated <br />prior to the performance of such service. <br />XI, MODIFICATION AND CONSENT <br />Great -West may amend this Agreement, without Plan <br />Sponsor's approval or signature, only as required to <br />comply with changes to applicable law. No other <br />modification of any provision of this Agreement, and no <br />consent by any party to any deviation from its terms by the <br />other party, will be effective unless such modification or <br />consent is in writing and signed by both parties. The <br />modification or consent will be effective only for the period, <br />and the conditions, and for the specific Instance and <br />purposes specified in such writing. The waiver of any <br />breach of any term or condition in this Agreement will not <br />be deemed a waiver of any prior or subsequent breach. <br />For purposes of this section, a "writing signed by the <br />parties" shall be deemed to include e-mail only if such a- <br />mail includes a PDF or other reproduction of the manual <br />City of Santa Ana Services Agreement 4 -16 -14 (one -year term) <br />signature of an officer of each party who is authorized to <br />execute an amendment to this Agreement. <br />XII. DISPUTE RESOLUTION <br />A. Mediation: If there is a dispute arising out of or <br />relating to this Agreement, the partes will make a <br />reasonable and good faith effort to negotiate between <br />themselves a resolution of the matter. If the parties <br />are unable to agree between themselves, and to the <br />extent that the parties are not legally barred from <br />entering into mediation, the parties shall endeavor to <br />resolve any dispute out of or relating to this <br />Agreement by participating in non - binding mediation. <br />The mediation shall be conducted by a private <br />mediator agree to by both parties or, if the parties <br />cannot agree, by a mediator selected by JAMS <br />(Judicial Arbitration and Mediation Services) or <br />another nationally recognized, independent arbitration <br />or mediation organization to which the parties mutually <br />agree. The cost of any agreed -upon mediation shall <br />be borne equally by the parties, and each party shall <br />pay its own expenses. <br />B. Litigation: If the dispute has not been resolved <br />within 90 days of the initiation of non- binding <br />mediation as provided for in paragraph A above, either <br />party may initiate litigation; provided, however, that If <br />one party has requested the other party to participate <br />in mediation and the other party rejects the proposal <br />to participate, the requesting party may initiate <br />litigation before the expiration of the above period. <br />XIII. ENTIRE AGREEMENT <br />This Agreement and any subsequent amendments <br />hereto represent the entire agreement between the parties <br />with respect to the subject matter of this Agreement. <br />XIV. GOVERNING LAW <br />This Agreement will be construed and enforced in <br />accordance with and governed by the laws of the State of <br />California. <br />XV. SEVERABILITY <br />The provisions of this Agreement are severable, and if <br />for any reason a clause, Sentence or paragraph of this <br />Agreement Is determined to be Invalid by a court or federal <br />or state agency, board or commission having jurisdiction <br />over the subject matter thereof, such invalidity will not <br />25J -23 <br />Page 17 <br />
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