[Res. 77-14, 12/14/1977; as amended by Res. 83-14, 9/27/1983; by Ord. 548, 2/1/1993, § 1; and by Res. 2004-5, 1/19/2004]
1. 
The Township hereby adopts the deferred compensation plan, attached hereto as Exhibit "A," as an amendment and restatement of its present deferred compensation plan administered by the ICMA Retirement Corporation, which shall continue to act as administrator of said plan.
2. 
Amended Plan Adopted.
A. 
The Ferguson Township Board of Supervisors amends and restates the plan a copy which is attached hereto and made a part hereof as Exhibit B.[1]
[1]
Editor's Note: Exhibit B is on file in the Township offices.
B. 
The Board of Supervisors hereby specifies that the assets of the plan, with the Township serving as trustee, for the exclusive benefit of the plan participants and their beneficiaries, and the assets shall not be diverted for any other purpose. Indicia of the Township's beneficial ownership of the plan assets held in Vantage Trust further shall be held for the exclusive benefit of the plan participants and their beneficiaries.
[Res. 77-14, 12/14/1977; as amended by Res. 83-14, 9/27/1983]
The Township hereby adopts the trust agreement with the ICMA Retirement Corporation, as appears as Exhibit "C" hereto, as an amendment and restatement of its existing trust agreement with the ICMA Retirement Corporation, and directs the ICMA Retirement Corporation, as trustee, to invest all funds held under the deferred compensation plan through the ICMA Retirement Trust as soon as is practicable.
[Res. 77-14, 12/14/1977; as amended by Res. 83-14, 9/27/1983]
The Township Manager shall be the coordinator for this program and shall receive necessary reports, notices, etc., from the ICMA Retirement Corporation as administrator, and shall cast, on behalf of the Township, any required votes under the program.