INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION (ICMA) (EXECUTIVE MANAGEMENT) 1D

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VI. Contribution Sources and Amounts A. Definition of Earnings The definition of Earnings will apply to all RHS Contribution Features that reference "Earnings", including Direct Employer Contributions (Section VI.B.1.) and Mandatory Employee Compensation Contributions (Section VI.B.2.). Definition of earnings: As defined by Resolution 2015-01. B. Direct Employer Contributions and Mandatory Contributions 1. Direct Employer Contributions The Employer shall contribute on behalf of each Participant ❑ % of Earnings ❑ $ each Plan Year ❑ A discretionary amount to be determined each Plan Year ✓❑ Other (describe): A one-time contribution as a conversion from the existing Medical Retirement Subsidy Plan. 2. Mandatory Employee Compensation Contributions 'Cho Employer will make mandatory contributions of Employee compensation as follows: VI Reduction in Salary - 1.25 % of Earnings or $ will be contributed for the Plan Year. ❑ Decreased Merit or Pay Plan Adjustment -All or a portion of the Employees' annual merit or pay plan adjustment will be contributed as follows: An Employee shall not have the right to discontinue or vary the rate of Mandatory Contributions of Employee Compensation. 3. Mandatory Employee Leave Contributions 'Ihe Employer will make mandatory contributions of accrued leave as follows (provide formula for determining Mandatory Employee ,Leave contributions): Z Accrued Sick Leave 100% of sick leave cash out ❑ Accrued Vacation Leave �7J Other (specify type of leave) Accrued Must Use Leave Unused Longevity and Regular Vacation designated as Must Use leave as of December 31 st each year. The maximum allowable Must Use time contributed cannot exceed the allowable cash out applicable for that Fiscal Year and/or Calendar Year. An Employee shall not have the right to discontinue or vary the rate of mandatory leave contributions. C. Limits on Total Contributions (check one box) The total contribution by the Employer on behalf of each Participant (including Direct Employer and Mandatory Employee Contributions) for each Plan Year shall not exceed the following limit(s) below. Limits on individual contribution types are defined within the appropriate section above.