Resolution No. 74-25 f
CITY OF TIGARD, OREGON
RESOLUTION NO. 74 - Lt2
A RESOLUTION REAFFIRMING CITY COUNCIL ACTION REGARDING ESTABLISHMENT
OF A DEFERRED COMPENSATION PLAN
. f
WHEREAS, the City Council, at a regularly scheduled meeting held
May 20, 1974, considered the establishment of a deferred
compensation plan for the City Administrator, and
WHEREAS, it was determined by motion and vote to establish a
deferred compensation plan and authorized the Mayor and 1
City Recorder to execute a Master Trust Agreement with
the International City Management Association Retirement
Corporation (I.C.M.A.R.C.), and a deferred compensation -
Employment Agreement with the City Administrator, and
WHEREAS, it is deemed desirable by the City Council to reaffirm '•
that action in the form of a resolution, and i
WHEREAS, the approved Deferred Compensation Employment Agreement
provides that, effective July 1, 1974, current compensation
for the City Administrator shall be $18,900. and that
Lj deferred compensation shall be 6.258 in addition to
current compensation. It being the intent of Council
,a that the 6.258 deferred compensation to consist of the
standard 38 retirement benefit paid to employees plus a I
deferral from the City Administrator's salary appropriation
of an amount that when added to the standard 3% equals
F 6.258 of current compensation as defined above. +
i
� NOW THEREFORE,
f.
BE IT RESOLVED, by the Tigard City Council that:
The action of the City Council on May 20, 1974, regarding
a deferred compensation plan for the City Administrator
is hereby reaffirmed and that the Mayor and City Re-
corder have been, and are, authorized to execute the �.
t Master Trust Agreement with the International City s
Management Association Retirement Corporation and the t
Deferred Compensation Employment agreement, copies of s
`- which are attached 'hereto and made a part hereof.
APPROVED this ,a day of � _, 1974.
r
/ ATTEST;
{S C%Zy
ecor e
9d` M
Resolution 74-,A_5- F
t
• MASTER BETWEEN TRUST No.
AGREEMENT
EMPLOYER (To be ler T,uw.N t
AGREEMENT AND DATED As DF Z'triy 20.- l 74
THE
INTERNATIONAL
CITY
MANAGEMENT
ASSOCIATION
RETIREMENT
CORPORATION,
TRUSTEE
AGREEMENT thea by scam b.lwean the City of Tigard. OrPoon
/' (hlraln.9ar the 11-0.yr••)and the Inlernotion.l CITY Manaoament A-h-Relllem•nt Corps ho.(lodle)allo,the•TruN..••o.
'J'Relirem6nl
[` C.rpo;-.1.a non D.I,-p-11-n o..A-d.cad-aline.,d,,the I.,1t the State of 0.11-111,101 the Pwpeae It lnva.tln9 .h.-Ad
.dmins.liho lune..t told.by EmPbyele In connactlon.len Derailed-pe...llon Aor.emema with E.Ploy..
VMEREAS,THE Employer daalrs.l06nto 1 I .9--t..-1,-1, ylo
Ila E.Pbea--by It.Employees lore.to defer PAY.-. .aw
. .
Darcanlepe.of 91.m.unb Irom IhMI boa c mponaion.. detailed compan.ellln"h d.rn.d In all ed a--u H the lo=.ummu of
Asha.al•m.:
WHEREAS,In o,de,that that.will be auNiclent lend..-=Mehl.11 di.-Id.the-.-to,co Ireclwl ab9palo.,th.EmDloyat d--
N,
.at..Id.Dwodic-1-aqua to the partanteoe o1.mount 11 total P.11odlc com.nsetlon d•I.1wd;
WHEREAS,m .t-da.119.11,61 with any o all I a.
lhto.an uelvoly.linin t e doll.[..,control.end
A_ No of the E....yr,.ad.ch"b m.c,Fi......bsalula )Vht.l wilndrewel,theEmployee hl-o n.inbroat w.l.oval th•reln;
NOW, roI t
THEREFORE,ml.Aoem.. w h that(0)mlo
e Employer will pay111 to the T-1.1 to .ad placed In del. c alllon
U for the EmploYAr;(b)the T-al l .that It will hold told A and any othe,-da-11h It may..calve horeunder.1 -at for
1he
u.•aM W,pp..end upon me I.-end condlo...hw.lnal.I.tared;and(c)the Fell-hwN..pre.aslollowa:
ARTICLE t.9anenl Duoaa el the P.rlla.
E6coM 1,1,General Dury of the Employer.The EmDlcye,shell make 1a9ule1 porlodl.payment..-1 to the o a Ir1m
N.peHlcioalin9 Employe..•octal peMwhich..
odic comDanaatlona -.1-d In Id-
c.wlih the I-and-11-.1 Deterred Compene.tlon
Ernpleym.nt Aol-li a wIm.chEmplcya.,or-h Ali.ubseeusnl m1El..11on th..ot.
S.=n.A 1.2.can...Sauna of the T-l...The T-I...nen held.11 bnd.local..ol,II he.under,whl.A.ro.ahe.wRh I.income tn.nlrem,
.halt<-t1t,the T-1-da.It ahalf adm f-I(he Tina-d.,1.21-me Income memo[,end thele yap.enl.ma.lmm,v s h-l-R.,
-Ammo.Th.Trost-.hall oho hold All TI.M Fun..wh-.ao It. u ....1 T--T--by the Employ..Ir.m
oAid,
a Ilnp dal•+sd
p-lathli a wAid, whi
Ila E.ployaea ch m the� 1 Raveu. 9-1.Code r enh which 9 ,n the ICMA-RC Daf.rrad
mpv
C. naddel plan Swh Tru.l Funds.hell be aub(a=11..11.1m.ler..end D.rialon..1 mi.Aor....hl.m
ARTICLE 11.Plea...it Dut16.of my T t.-In I.-PeanL Adml H-le.,and Dhbu..mf1 of he Trust Fund.
GA.-II.1.Inv.atment Powvra and Outlee.1 be I...I.e.Th.Trualee shall haves 1 r In I•diacralion to Inset end rel-All 1
pHncrpal and Income of the Trwf FUM•and F e Trust F a In-d,.lm-dl.11-1 n D principal end Inco...In u=h.curltlas or
In oma preol.,reel or Pat.nN,wh......H...d...me T,.I..shall deem.dri...le,Includino.ebul not I-ed Io,.lock..a ,rad,
bind.,nlinmmt. Nly band...mo.o.pon,and o .rid.....of I.dlbtadna.a o .hip.•d In< al mode o red nn.n=LI
.I.-Pant InNItullon•.wim..n Inallrvllon•-I....Trwlea of e 1 lands.For 1 murWsOa,1ea T'.M IUM.mIY he
mmlw rnowllh omenTrustee-d.,
..bllahed by the la this other E.Ployer..III-I..no each lnvaflmenl,the T...•
eh ll not be.ubl.ct It.car lime to enY 1.91111.11.1..So wanp the A-1-1 of a..h fundf
SAalon II.II:Adminher6rlr.Paw.,.of IM TruN A Th.-N...nwl he.the power In he dl.c le.:
(1)Te pwch•.,of eubl.,me for,any.1-Hili.1.the,PI.Pl"Y and to.olein the a...In 1'-
(b)To.I1,e.....-.1 .1 .wife dl.pof.o curilla.o other P u
held by It,by F •11.o .t p.blle
auw .o
lan.No be1n d bo rrlm•t.-uwca
halt be bad to ee.Iha.pp tion of the porch..money or 1.lndvl.1,h,the ralldll,.
Aapedl.ncr,1,p,opll.y.1 wr-hh alt A,other dic,dalle..
(.I To.lav ack.bon.,o oma,. o plus D rAI o lel o ,Fawe.o hey wlth o wIth-Dower 01
.ubaitotbn;le...tlu..y..--h mlrt...r..tebiptlon lights..F.,he,o and to make nor to 111-tar m
oPpo.,ur b e cal to,p ol.rwi.p.Hicl Pab In.to,Wrala ra.rpanld.11on•
.1r..rhe,c enoea a tin.Yc Hn.sr.nJ to
.e10o.b dlscal.ary Dow...,end la.Y any........h.o .,.,Pa.h......noi.F.woh:and 9a oy 1.a.ra...y.11.p. 1.
0/. w.won naPAAI to stacks,bend.. 1 ane,p Pp..y held.I, of m.T-I FUM..
(�Te .
.use.car.carilla�a,A ,olod . w
ady nal. P-of the T,ual Fd.to be leoaa-In I.own n and I.'old.y Invest.enta In
•..arm.ba the
I*- Ad.cam...1.Taloa shall.t All 11-a me.that NI each 1-al-a--1.a Pert of'he Tm.t Fwd..
IN To harrow a .ha.-Y to,the p 1t the T-In. ..h 11-1and conditbnc,. e hwba.nen deem
edviwbla:..d,rot any fu.ea,Uerrowaq
to
Issue de mra.ory A....I Tmafa" a to lAP.1--I m-PI by Pladol.9.11..1
enY had.el the Trust Fund•.No p e.-it,1-Y 1.the--a tahall be bawd t.see t.he.pan=anon of the money 1.1.11.Inlulrs
A.Ila rA dity,.pedl...y of Proplalyn.1 any avcnbarrowlnp.
M To kap Auto Pp.bn of the That Fwd.In.ah o,call,beb . IM .f Iha TI.N...I1...le 11 ,m1 deem to be In I.be.
.11.TruN cropbd heFeby,wuhoul nab9Hr f.,Inlareal i..on,
(o)Tee eat Mod 101.1.fol ouch t a It m .-leble-y a Ia the, mr r oldy .d a ecqu,w by It 1.Thies..
w.ar�whethar or nal...h.carinae or Am-pYopodr bolt!normally be-Aad alinreslmenle--d-
m)To m .cah. w and d ' any end ell d---h.1 llanefal and ell reya-and any end All ether h--te met
may be A.A....1 orlapp1ep11•l.Io I--ihePowa.herein.,..'ad.
(D To fAm..1emDromi.e,or uhmn to atbitrNi.n.y claim.,debt..,d.....du•.,.wino 1.or Ire.the T1usl Fwd.;to comman=.or
.eland ault.A,I.9N 11 wminla,eti"P-11-lo.;;end Io raDreean1 the TruN Fund.In.Il salla and I..1 and edminlslr.tiy procaedlhc..
(D To do.11 au .ch,take.II...n plocae.ln.,Ana. all ouch riphh dna prlNl.aa,Nmovoh not sFaclhcally montlwed hsrsln,ea
the TruN.m.deem nec..1.,1..dminl A,the T1uw FUM.and to cally out the purplfea of this T.N.
Secllpn 2.5.DIw119u11one from the That Funda.Th.E.Pioyal hereby aPPII-the T--a eoent 1. urpoaef of fat m.them ..d by
.hldh A,.H dlona...I.TAN P.-.1.to be made..rail.ler puroo.ea of maklno such dull-li-A 1.thle.yard me t.r.s end crndltiom
••t f1M In the A911v.•nt.to be..,,,led.-Al.t1,•Tin 11yel and He Employe•.,and any ....,-1 mwtlicAliona I1..o1,.1.1...to.and
con1,011.T Whe.pw.1
Seellpn 2.1.Valuation.1 Trues Fund.At IAN. or VII-I..Data.d ..d by the T1,1-the Tlwtaa A-I delermme me
roue al Ch,TruN Fund.All-of the T.N FVnd..hell be r awd at -1 m t v .1hea o...1 buwn•..en the V Nfon Oats,A,In the
.6 Ace of sadly.acellaln.b11-kao.lues as .e Trutt...It d•brmine,e In accordance with-hole conMs.ntly elollowod scam unllormiy
lapliee.
ARTICLE 111.Fee Pnl.cli.'1 T.N e,
SAcoaa 5.1.ENdanca It Attica by E.Ploy-TINA Tluetee m..lY upon AnY c.m-.nose or di-I..pus ho to hey bean cloned on
bMa r a me,E'0A a,whim me T-bele".to new ban allow by a.uly deNon.tad.wcht At the Employ..No<ommunlcetien in.tl be
Modica.upbr.y of LIMA Tent Fwd.or TruNle unlli they era r.Cel.d by I.TruN..
RAeo.n SS.A da of CCun.l.Th.T.--y clo-H.1,h-1 1...1 c lwith,e pe.t lb me 1 eamanl
0l thl.Ao, ,ltd mulles
h.yuw•r,w ay*AL welch H P,Am MA•11 take.,amm. f.
..hall opt.e N..1. ,scay ecd-tekvn.1.-ted In..ad hllh oil,....1 to fu.h.--.
EaellM S..'1.M1.e•Il.n.w.-That.Ahall uta-A.,date...--till mlllpmee,b.t.halt na be liable le,any.lata.of(udomenl or
.mat.Aocn IAbn(.woo.faith.Tho T.N..he"not be liable to,.y..........ad by I.-.t Funda by 1.-.1.car m"alm.l
.pal INm-1...AId..A.Not the ph,Ne nC o1 me A.......
The ThAr.'.deltas.w pblHatlel Abell be Ilmltem 10 tho.e1 11 Im1..d upon 11.1 lith.Lindh,nawlmoa-al any rNa.nes
at
the P N.
Set-4.1.Tues.The TI-61 shalt dad-from and la-be...'I.'"a TNIN Fbda any is..,ea Ibe-IN 1-1..1 a.Inpama In....f.or
wblIn the 1-1-1.lab.1had to Is, I....1,to be III.IIN of any....on Ihsraln.
be•
as.I......Ell...u.Th.T.M.. hall dild--end be,- de II.IN ..._able ...,,ad by in.T.....IN
If thl-ar Fib,do.1.111,11.9 counsel,agencyether.....aq fee,.
4-ME I U.11-1.1 The TbItse shall kI&P""'ate and details..-.It.,I
.In.'Usnascllons he,...I.,
Mar.00 day an.'the It-h yl.,, he T-I...... .ad.,In is the ..account.1 It..-and I I
ona
as
T"lle,hereunder.It any PIN of the Trust Fund sa.11 be III.-d tl-iih the wady.If In 1amm n c.11ecllw at 1-1.91.d Thrill F,,d,.
,a.I'll tiatillat ralbirs It Duch T-t F.- hall be,I-Ited-b.1d II-P11-d J.lit.......L
N.11",any•ct.an.-In,, - t;
h, ;be 111It the or by .,.tied the E.11Iy.,he.Ilk filed Ilh the Trls-hall,,It any bNIII,ka
'he TbIrlse.Iba ecmunl.1-.II.d..I...I bar.become en account stated.If any ob]-lon has baa..led,end If
IM EIP GY41 11 OMleaod that It should be Ilhd,'-'.111 the bccl..t Is adj- -
d is the E.Plly -, the E.pl-11 11"Ittag Iliad
Ne,TINNII,ligaity IPP11"I It the 11111 shall be...,11 account...
ad.
listed.---b.....a-a.alle'be decries of adl.d,and , an."bely dFal-ii,d! ad
In -ad. b.
had .I..,,led and.11-d by A j.d ..,I,Il .,A I—.,_PsIN-PI.II•IlII.N I,
.hl.h the Tr'.1'a
ad he .Pl.y........Nike. prlcsedinp
Th.T-111 0111 have the right to apply st any it.,1,.---N of-P-hIll IurN0lclil..1 the ludi,lel aealamenl of It......I,.
ARTICLE VI.A..19sall-led Rlars-at TNI.-
Uff't I III G.I.R If The T-t b
an dal.-the data.1 all.g-as--y It say"..b'"".."I'a.E"P-Y-'Ila wrlllen a reslDnatlpn shall
ilk. I.. IP-1-I.............I-'...I'I-Section U,.11.h- hall a,.
$ It`IP.6 2.R.1-1 I T-hla.Th.Employer lay--the Tn.-ate It.,by d.1-ftli to theA-h-b,th,, I!i•removal
.fid 1.
ole
lit-,is-1-IS.S--.-shall not Itil-a..'Drlor to Sa d-from-b d.l.-Y unless the
Trustee+arses to•n u11Is1 edselive dots.
Na 'I.-IIN In .--d by In.Elapt,y.,OPPIllairIo I- the
.1 Slb,......T-I...Th.IPP-Irrhal-If I-c-.1 1,the-lh,, hall Ilk.efflIt Pa.the d:li,,aly flat the
'If Its P1141-t1r,sad(b)I ---.Ild .........fte.It hity
"d ... I-PhlIts 1..110.9.11--d by-b
An ir,hir
......as I bad be.. I-I aspa,l he the T-I.b h.-I'-let"I--1-h 8-11-11-11h the as..11-111 IN- I If s,,h
be,...d-
If .-11114 Ilibhr R.da,. N.,the I...Its l- .1 1 Im"a......1,to.--,'A.in. .Ply to
.by court I I.N-cl-I.,Ap-1.1-1 of a 11,.....1.
Tana M,of Fun.tob.s the realanello.I,Ibbb.1 the-- Id.... of R.1 In.
0..1
If the TbIrd..be,baa.PbPblIV.,!tied.11,T-I.. hall U-N, IN-1-1 any It the T-1 P.hd.
ARTICLE VN.Ou..11en..I R.I.C.I....1 T-1 A.......1.
SoI Is.I.I..-I..and Revod.lion.This T...I bell[Intl...I.,such it.e as by as....wary to
....led Gut may be I-l.-d or revoked It I.y th-by the-Plays, I;,.b be P-...-ng Employee. .111.1 11
the harse-elf 1 11 I-rd-'hall be I!-fe,the T-111 by the Employs.U- ......cell..of this T,bd.all If the
-f Mall return he and I-N I.the E.pl.y,,.T-1-1-at this-sl Mall III.h,...,,repave Ibe Employer of lbs EmployeY•
oblitabab to pay da-had-pallell- P.n the applicable dishrlb.1111 data it,I.Y tbd/I,each-Pllyll Fib h,.the Ea,pl.irs,has la.-
•th,hansd C-IIIIIIII.Eatiplay-ilt Aar,....I.
7.2.A,,.d,.,I.The-pl.shall bI1*the dQbt 1.--d this AIIII.-In whole and b PIN but aly-h the Trust-..nits.
Israeli.Any...b-ad...'•han become-as.- 1.the I...Is.of 1-11-Is of rarItth-1,and III the
by- -...,brar-.......--I,
ARTICLE s.N. .....a.
fiaellon .1.Lee..1 lap Nd.of Delaware to..v.-.This-- ad'be T-h-tb,.,..led-11 be...at...d d ad I...last!by Ina
of In.St.,.at
Lection 8.1.S........Employers.The h- an."include III P.-I-a...I...d.11. and.1.-.1.the 13.1-d
ComPana• Plan If the Retirement C11P.1.111a and b,,,..I,party to this a0raement.1th the Defiant If Iha--.. I
3.3.WIthlibbes.Th,Ernelmay.at III,H-bad-ft..'I".....thdr- all If the TIIN F.---IN,In..
AD1MmeIt and listed nefs-I C-.-I..Erag,laTrr-Allb.-Its.
Sart en IA. I.the-y-b--1 1-1- -'-1 h-la P.11 to the-1-h-hI.Th.--Ilbe lb1hud.•Ina
ra
hi 'a.b.III Iha I.-the In.piu..l-...the Defiled...........be,
IN WITNESS WHEREOF,by the I-IlIty of It.,-,badly,the Employer a..I...-d this A-II•and the P.1-la.nt CorDarallon
aka
cased This.4--at to PI......I el,h.-b.,-d em-and It,Sell I.as hereunto I-ed.Ill-1 It the day and it.,tit,--Ina.
EmD oyer
A�Alit 7�,I;
1ED GFFID AL Cit corder
It
APP AS AS TO FORN. INTERNAT 10-AL C TV MANAGEMENT
ASSOCIATION RETIREMENT CORP.
I.4T-5.PLOTER _
ATTEST(Issal-It Corth,fanah):
behank,
J
INTERNATIONAL DEFERRED
CITY COMPENSATION
MANAGEMENT EMPLOYMENT
ASSOCIATION AGREEMENT
RETIREMENT
CORPORATION
AGREEMENT-InIl Into this—2,0_tb_ days tray ,+a 74,as—--C'Y Of 3 Bard
Oregon
Ine,.m.ner r.r...ae to gas••Emwoyodl,n.v-a u•Dnnwpel onlce al 1 9L70 c..4J. Main Ff_T T;Pa�P9 Box 23557)
sad Bruce p, Clark Cherol—I.,rer•rroa lou Ina••Employ.a•9,heal..an
13350 SW Howard Drive, Tigard, Oregon 97223
—EREAS.the Employes le and will be rend.11.0 vem.bl.•ervlcse to the Emplayor In his capacity es Sri t Admini�t ra tyr
;and
WHEREAS,II Is the desire of the Employer to have In.bsnehl or hl.conllnuea loyally,..,vice a-co-n-and.lea to asaiat the Employee In
p,ovldlnp lar IM continpencles.l old eaa dependency,disability,and death.
IT IS THEREFORE AGREED:
t.Deterred........lian.In.,.11 o-11 an thea mens
of:he total c. pallan.f the Employee welch may be deterred by
the EI.aloyeI under the Is of this All—oh,d.Far the - •e of this Agreement and the Trust Agreement the lollowin9 deanlll.ne apply:
I.'Talal-anoensatlon"16 the total of c aali.n to be Paid by In.Emplayor mr In.services el Ina Employee,r 9 rdless of the forme
lid m11.components,as,I. .male,"base pay,""in ddill—to base Pay:'e
b.••o.mr,aa P .11111••Is thate r percentage o1 the total t esilan of the Employee which Ina Employer c ntly d-1n
Ill.the p o me Empmom
yo,sad.Instead.aepe. 1-
com
.alf—le aans.ae-
.. ecc .wnn the Asuromam Corporation and•,
the 111.6 of thisA2ree.ent and the staresatd T—Agraemant;aand
1."Call It nation"Is that portion of the Empl.ye'.total comp.—Il 11--ID not d-1—comae satlon ea—11-1—p-19111is e..ad Ieharr. n
T1,.6moum.f 1..d 1.mnanse111.they be eal.eled from nm.to 11me.11—t 1111,119 the is,me of this Ag.e.mem.In the avant o1 An adimlmam
at the toll sem....n •m°..1 ams d-,1119 Ine Ilia or this Ag,.am—,the x1-sm.9a.amara,the Plap.dla.At a -me hot.,..I—a le the
halal c..p..,ano.a•staled below m this Palsmaph,may.at the--ton o1 the p.dtee,re n the as ,they m.y be.dillf.d.th•rwi•s by
the
Dedl.•.-I—r.the P .mage o .m em of total= pansallon•areae noon by Ine Pardee ea delerry —per-l—per-l--per-l-11,11.91,the use of this
plea.dur.will be eanlrallad by the terms of this Aunt'm��ant
As W July] —Z� —.the Employer will c o hey the Empleyaa In the form of both C-rront..d aoremed
=o.°anselian,ss thea.terms ere dagnatl nem andep..Ih.d In the Pere9raph cI.cs.d and camwarod below:
❑ Def hhh!c.mpa-111.shell be f •current compensellon will be ri _.
Cu ref m
j8op..of lcur1 I1 be$—eRl-qnn 'deferryd=mpg aaHan
on shall be In addition la° ent wmpen•ellon In the amount e1
D Total camp•nsetion shall be 3_ x of which•hall b.defelna comp.—II.n.
21 TTI add;ti nn to ahoy the ampnava mill er Tn ThP amnln
additional $255.00 in the form of deferred compensattanvuponm the
effective date of this agreement.
Any 1.1—•dm..—or the parent...ar -M of....arrad campenaallon snail be communm..ed to the Employer•.agent)the Re,r ant
Ooryroretlon,and the deposit,In the sdlan1d P and/ore a.11 ch—ted Ir m p .r Ine Drlor elleting ....a mel. e to
total xmp•nesllon,or,11 such ramal.Iha.ems Pe cartages o Propadiomat oml.nte to c-went or 1.lel compensellon,.hail Ihoroeas,be male by
the EmplgM Int.Ila Retirement r1,11.11on A....It,
S.
—a Camp In,strenAe.—I. Gelated...a....1—shell be=redll.d and Pala tato A Th,"10 ba established and m..ntalned with the
Inl.m..lgnal City Mene9emonl A.%oclallan Rallramant C.rp—IIon(--referred 1. '•Rslrremanl Corx1-t(.n'1,ea T-11.Th.R.Nrym.nt
CIraarsnon 1.•-are—rt corporetlon l.rmed f.,the a ewnc p a It Invading and o rest»1-111te,1n9 in.hinds 11 said filial.The TN..
mar be routed a1 riy If...1 1.Empmyer,end apo.rpo ono�of.•a hml..11 of 11.1 tats tn..ul.man r and 1.y Io the Employe.
TT.Enahretr shell cap sceursis book•and record.with respect la the Empleyaa a Im..comp........or other gamed Ineome and-h ra eel to
.mo-m•pale'—add Tm... °
S.Gwnenblh at Fund•.Naliher the Employee nor any benen=IeT thereof shall nine any Inbre•t w ver In the mals ham Int.the Do-It.
C.ma•ns..l.n Account.r In the a umuleilonl or any-cl.malns on au ands,which shell al ell thre,em.in• of the Employer,•-butt
absalufi dominix,Control,end A.nt of wIlhal.—-nal such tom.as Ina--da o of ine Account a ea atel"burea to me Employee In
to.1d nor wllh lM Pc.�slon•of this Agh amen,. I m r r 1 r a s:a r Ino EmwoYes
hadng fro Preferred 11•Pewet Interest 11 claim,by way of 11.st,es ly,or otherwise.In and to the•°eclfic funds and assets'aid In the OeIs,rod
Cono—amn Account The Cawracm•I oblipeliona of Ina ern'j er to pay d.fe,red c satlon to the Emplane o r benadci.ry on me
:phlicabl•dt•tdbmix date•hall be a e.ntln.ing oblgal..upon Ine Empl.yar,end he"Gleba relieved by any agreement—I...ine EmPl.yr
.ad any.the,hsdY..,,,at
apt as, f—I.Seetlon 2 or P 9,V),+ mtg...
.1 this Agraee.l,and. of be aed in any msen
.1 by a dmam.
xenon at the Tryatrotarred 11 in P—graph 2 h.reln o,by re anl-11 the Trust Funds 1.Ihe-Player.The pr.,dean.of this Paryareph.halt
esnreada and I.—any other p,ov1111n.f this Agreement which<laid be Interpreted to be In=angle,lharewnh.
a.Asba-alien e1 Funds. The fund.de°°diad In In...'."-a C.mpenaatlon Aec..at shall be I—h—.1,d......'.a by the R Inn.rel
CP,boraaa,In any msnner wbl.h In a.sole elevation It tleems da..reblr,without I.9..d st any 11th•m any I...1 Rmltelmn 9ovominp the mvasem.nl
of ixa tuna•.The A--..It ate°'-a--the¢d-or lee.1-1-11-0 from Ine rnvodmenr and heinsaslmanl Inns/.-1.had Pun.they be
caramin911d w11h others edabtlanad by the huel.a under this form 1t.1raamenl with that Emwoyan.
S.Pgm•nt as Oe sane.Calnp•ns.11oa. At•veh ams as in.Employee"--ha.age W.or 1.1er,el the and of fife emplaymant apresmanr,If
Employes coallnwa in the..P..y.1 the Empl.yar sitar he eNalns the...of.y.ary.become.pahe""hy,disabled.or dies,wnich•wr stun,
ones M,.r file b...thlery.1 beseawedee,a.m--or....W..en11f1.d 1.,ecdve aaymed In the oelened ea-pensa lam A...It o ,anal,ol1
tM dere oa W.on..1 the lon¢elnp beton.Pay.anls o.caslan.d by the Employee having h aehad the ape of W ya..e,or talar,st IM1•and of fila
,he.r dIas.h..l be mads Ion aCxmEa sewlin 11he D,oMe ane°r l*I II the Employer•mer he.Hain.the ego°I fD years,or become.permanenity el•apla.,
pnvah S here.,u iwlows:
r.Paylne al In maamly,quarterly,esmlannuel a,•....I peyrnards over.the aerial of III••ape°tangy of the Employee In aeeolds—with
[M f.,I---ohA s:
Upon—thing the she of EO,,oars•.r later,at the and o1 his employment agre•men1,I1 the-plains.rem..ne In the.mals,,of the Employer
Mht 1,e total..she as.f m yeero.or become%permananlly dash—rd Imm°---near fuiplima a Dl.ym•nt wmenavar.rat o ,In.
E.woyN.ah e—Ie Nell be det•rml-al by ralerenca'.."hoard U.S.al—l11y Tables:Ina....n-.1 reset.and ae<Vmulati...In
In.—a—Compamat-Account shall be computed together wnn•reasonable rale of 1-ra x said rents•lest the lea—t of 11,ealad
• mommy dl•Idbulton,owr the Ill,eape.t.,.y of the Employee;end•monthly Amo.nl eh All than be mNhnm•Ilcelly det.rmined,the peymenl
of wnlco.In•pull monthly I.......11•over the pe,lod It 111'aapaclAncy of the Employee,•h.tl Iomp1a41Y deplete the%.to All.-at the
end al Me Iwt year of 111...poc4ncy;or _
I'tt-Ile to monthly,0u.n•rIY,semi-wnu.1,or annual peYmw4 In....Id....w1M be loll.winp p,o.edu,e:
UIt••.the Em0oye•1 employment 1. to..P11.1 10 Iho Ilme he Ni.in,the ape of W-It..,aunt.e0..,to he benefll.,acnlvee by the
Em01oy.1,u^der r.1lr.manl..nutty pallets., ..ll be p.h Io the Employee,•t..ch flma••he.1lalnr the.yo of 50 year•,.1 441,et the end
ofhie employmwf ap4ement.If the E-1-cont]....I^1M employ It the Employer war he atteln.the.pe of e0 year.;.r,In to...w of
d••Ih,payment to We beno11aery or ben.Ocleriea,0o 1l -of 1-t-..etre.to 1M pfoc.dul•,pf dad In sad pollciee and P.re0,.ph..and
T.11M•ApreemenR or
I.
P_I.
monthly,..•deny.veli-annual 01...lel Inelellmnnls-1•P.11.d el not.....an.lee(10)1—..eeld peym•m•fo I 1.. ,
o..ble slum w the fund.,a end a m.l•tfon.I^the Do-od Dompenaedon Account,tela the.mount 0f e.De.led monthly.
u
. deity,•eml.annv.1,01 Gnnuel dlelrlCNlon,-1 the wld ten(to)-1 p.dod;or
d.One hoop...peymenl
1.3.3-hot of M.M.d It P•Y.e The method CI to-eh.11 be-.1-by the Employer,a I.o Ihlouoh the Aellr•menl Co,porNio,e•It,
duly autMniod•oe.1,do,..nNde, 5Nn0 olvw 4 the h,alth•Dn.n.l.l.Ir hothh,c end lemlly oblipeth,he of the Employee,In Thi.,o.ard,the
Emplq.o may..[onaaf.d;Mweyr,he atoll have no v0 in the Oeciel.n reached.
T.p.lool.I.M•Event of DeaM.
..Durinp the P.rlod of Dletributlon.I^IM.-of the Employe.-.death dullno the p.r4d of d4bIMN0n,the Employee'•benepclery•.ell
be
entitled 41
..1.p.ymeM•Ina..1-0.with t ,nl m notl bei..a y,d• Il
e me or the Employee'..-h. I.the
O_-of th E.Io"..cllnp Ih....I he Retirement Co.sell"e,It.duly eahori.ed•awl.wld ben-lery T•y.Is.l to r ,u
mmp-num 4 uw of I.•1•nment p•rm.m•. '
b.P11or Id Dl.1dbuno..M the."It It the do.M m the EmPloyoo P11.1 1.the e4vmmhn.the male..d wet.01 the De4ded Do alt on t
A.....I.nen be told m.[.oma.[.whh on,of me mNhoda dee.nb.d h wepareonph•I,b.C..r d of ps.Omph 5 h.moi.The•.1.cnon
of.old melhpd 1n 1 be meds by the Employer 0.11..I_.9h the R111I.I.It D.IPer.1lpn,sa It.duly e.Iho1I2•d..ante
..Payment D.te..Payments..ell c,mance o the tint del of the Ton n,.Howl..to.tultht .1 of.p.W..1 later,o.too Rr.t d•Y of M,
omh•n•r the Ina of hie.mproymwt.dfe.mwt.It Employe..ominoel I.the a play of the employ.,•141 he a .Me•p .r dp y.ra,o
,thew..foliob4.I ,Tanen!dl••blllly,or do.ih:Intl.In the .
cs of Inatellmenl peYmnn4,shell be made wnpnuou.1y tMrealm,w May a
e 111.1 d
Kh w...dinoont
month,or,to the ao ...darty,a Iennueler annual PeY 4Nollmo.t p lode III.ppll,d.the^con11nu0Kly 1h.'.111e1 o^the
flat day of eo.h•uccea0lnp month which beg-the time period(....arty,etc.)Involved..61 such IIT...the Oef.rr0d Com0an•.Nw A.counI,I.
d•p1.1.d 4 ut eN1,•ty.
a..Lb•nm.A..L Th.A.1111.1colpo,voe 1h 1 eat.a.w,1 01 Me EmPlon,for pulp0aee of di•b.,•III,p•rmw4.Tha,.mete obnp.1mn
to,m.kmp.DcI Perm.mv,however,ah•il lame.wuh Metoll Employs.
10.Aeeumul•N1.D-ii the Ol.1rlp.tl.n P•rl.d. Dundn.the period of 4t1lbotlon,the Employoe or ole bswK4ry or beneficlarlae.wminss or
111. a Ina c 11,ay M,•.ell eontlwe to be c iw1tM1•II the II-eat,• ..IMI...end Increment•an Ihn..dieu4.led fond••.d ede.t0
In iM Dolened Cempenwllon Acco.nt,until w. Accwnl I,dete
epld I,Ile¢n11,sIYc[.
11.Beaton 1.Telminellon.1 FMPI.,enL Upon I......It..of the..W.y,e'..elvica.,lo,any,.ea.n.11.r then d-O.the funds.• od
mul•Ilon.In the Dsl.rtod Co Pen..tlon A a...1 11 not be t, sed to w ecu with a w
w E"PI.y.l of the Em0loYea, d�In*.d,
,hey.toll.man In the oI.-I A--ea •of the Employer•..",hlima ae-Y...dlat,butbd In Iccoldon.e with the pro-WIl of
Ifo•Adr•emenl,...epi..p4vhed I^Section 2.1 Ihi.P.r.04.h.
S,do,2,Tre ole,of Employ,,n1 wltb Con•Idsl.11-Between Empfoy. Tdp.dlt.Ap.eement.
In
."It Me Employee.coopl,employm..l with a other Employer hevi.0.T1 o Ao4ement w11h the Retirement Co,p.4tio,,wd
tolDel.d,d Compo.•0tlon Em I,ym•nl Ao4a t wllh the•,Id Employes,the,.11 tho E_m j v^r 0^da Ih.t.M1.e no p h-1 0,future need.1 the fund•,
w4,and• ..1.11...In the..to Account for the J•yment of......I.,.oil.I or lore other Who..,e d hes no Inlenllon el inyhinp It•
rlpM to ire M4 Try 1.1 the p-of 11•.enmet cr.dllom or 1.,any othe,purpose w er,In C..Ida.1-0114 d..I,.fo.oo the
anto
onllnulnp•.pof m nlNnlnp r olds.end, .lath.,a 11,1o.minino, llyln0 wd Alin.• .1
urepod•.1 the Retiret Corporellan,and In
K,Id.renon of Ayadmo they be-bls lot..eaDanw.of 111i0.1lon of Eropl. a conllnulnp I.."clmen
let r4h1.10 peym•nt of d.fil-Iompo^•.Ilan
do We ra mem Ae notate pr Id•d M the< t Of eIy Pmamfe 111—11-1.1 end wllndr.-by the Employr.f he mnd•...w4,Ina
m.mw•nw•M Me.aid Accown,a may.,t u•dill a 1.n,emnodzs Me AeM mem Colp.m11on,I.u•edam,t.PT...4 I1....Em,Io MN
fond.,oua4,.Id.a.mmm.n.of 1h.•ed A.mwe b•b..a4nsd m m.ownemMp,[o.Na,wd doM.1 wlthdmwm of Me new Employ,.And
to
do.0 In Me ewnt Me naw Ema.Yer,4[onNdaration.1 In.in n the value to that EmDloyel of Employee'•1. ervlc.•by laevo.o1 the
..o..no.which M.1 Employe 0 whlla in .1 the 1p bmpinyel,• and the re.P•clivo Empl.yre and iM
Employ.Ion• epOrop,late form all AO,eemwf h,....Me...EmDloyel elw e0r0..1.trauma The C.III ln0 C.IIre.tual Ileb1111y to I.y-....d
..flan wnl-.1 d upon rellrement of the Employ.end IM Employee rolai..f the peat ETP1o11 from a.1d Continulnp.bnam4n to do
12.b•we.TM Employer..It not be re•OonNae Ior wy lay.due 1.Inv..1Tent or No—of I^watmenl of fund.and...el.m•.1d o.4md ryA
Com wast o A.,Wnt n.,•hell the Em.1 be re.fled l0 replace Any Iola wM4..let which may..salt tram.ofd(nyalmen4y or from n••
an�¢ee r cause yrna °soeM Y
i..•111tl of D•41m4 C.mpe.1.1ho.Th,Emamse d.,m.h4 m.nmo.hot'.m be en1111od 10 Comma...nc.mbor,nen or omerwl•o
dt,poe•or hit don,4 r• w D041md ComP.matloe Pry h,W,Ith t 1 ram,.d Mo-
e ftM 1 eh.1l be a.iwml..Id Iob.n•ler-
.bl..m 1M.1-1.1 wy N.empted wean,.,o,bene..21,11.19,the ElOh,er•hdu h.•b.o f.-I n.b!uty.Ide,IN,Aareemero.
1e.P.N.Ip•u 1 h oxer Emni(.1 1.tec Pune. No1Mni eo fl .mN11h e.h e Ihtl d.1,,) eo.ct the.henry or m:...
PTMA or .11 of. Employs W tp any•mpl.ye.1 the I.fe nl.n n uta.y,wlwlbo endow,or Ib)t •1-tip-vOI In 0 futur,
tot,I,r plw,R b.1n.u oectood tn.1 he r-In.end.1 m the Employee 1. mahe E-M alb.o s..thea..t Ilytooy 1p o..,1,
wT t all sues plan.[de,I,veiy eh 1 t.III,,Id In Ivll lama a etlect KimpelradY wd Mo Employee.hell n.an the rlyhi el any t ms M1.e.a1 to
bKOT.•Oen,flelary Under or..,trent 10 any end•II wen piana.nd
1S.DertnlNene.The,.win.of.Iy term o ph.e.e,clue..r se In M
.ed Ao1.em.nl,welch to Nw treed In 1M1e ey-law.of .
R.M.ment Cerporellen,.hull be donne.a ve de.ned In ARTICLE N1--2.f the 8,Meeculino pronoun..whenever treed
Z.O.iM,minine prwouce,wd ins•In0ul•r-1.0s the phret,Ilea.the come.-,wuir I.th•,-1119.
le.v&hdhyot AonemenL Thio A.re•mem•.ell.M be ylld o,enromeebl.omew ng.,d by.n Pm.11 m Employ,,.,honied to to,It by Me
flovemino body 0f the Employs,..,for,a.m01..the City Co...it.etc.
IN WITNESS WREREOF,by th.evth.my Df IM Y.velnin.body el the Employs,the Aorwmenf nee been executed on the det.Ont wrltlen ahoy.
STONED
ATTEST:j'
AurNo I:ED OFF1cuL City Floyd H. Bergmann. Mayor
CilAT,14 &L tfi- Lor
APPROV A9 TO FOAY � � � �I
A EY FOR NE EMPLOYER CiJ Attorney
F mA RIETI EMENT CORM-11N -
EMPLOYER-
EMPLOYEE
INFORMATION
FORM
EMPLOYER:
Please complete the fallowing blanks:
Fug Na—(City of,County of,etc.): Sy of Ti¢aid• CDuntv_0�{,jashin¢toD� Sta t of Qmeyon
Title of official to whom correspondence and reports are to be mailed:(not name)—city—Rn, rder
Address:(include zip code) P. 0. Box 23557.-Tipard, Oregon 97223 (12420 SW Main St)
Employer's Federal Tax Identification Number: 93-0503940
EMPLOYEE:
Please complete the following blanks:
Name as 11 appears on agreements: Clark
Current Address(include zip code)_ 13350 S.W. Howard Dr.
Tigard Oregon 97223
!'Ile of Birth:Month APri 7 Oay_ 29 th
Social Security Number.- -034-30-2763
To which of the organizations sponsoring this plan do you belong?
DESIGNATION OF OF BENEFICIARY Complete this portion only If you have of previously designated a beneficiary when
entering the plan with a previous employer or If you wish to change beneficiaries).
To whom shall the deferred compensation funds,assets and accumulations in the ICMA-RC account be payable In case
of your death?In the statement below,give first name,middle initial and last n m Exemple.CMary A.Smith(not Mr..
Smith).For your children you may simply a the term"my children" atl leave the share column blank.This
term shall provide equal treatment among your children—present and future—born of any and IImarriages and
children legally adopted at any time. In the event you choose to leave the deferred compensation funds,assets and
a.cumulallons.to a charity or Institution,specify Its complete legal name and address.
1,the undersigned, being a participant In the ICMA-RC Deferred Compensation Plan and thus having the sofa right
to designate. hanga•and successively change the person.persons.or Institutions desnates as beneficiary or
bona-
ficiaries, tlo hereby direct That y and ell deferred c pensat ion funds. sats, antl ecu mutations held for my
retirement bena'II by the ICMA Reliremertt Corporation (or any successor thereto) Trustee for all of my past,
present and future participating Employers,be payable es follows it living at the time of my death:
NAME ADDRESS SNARE
IRI....type er R•le0
—SlanGy_K�Clark t�'t5D_Shr_How�>id Dt.TTio-axd�Ore. 1007
In the event of the death of my bene/ietary or beneficiaries prior to the date of the distribution of the deferred
compensation funds,a Is and accumulations by the employer,then to the following person,persons.or institutions
11 living at the time of my death:
NAME ADDRESS SNARE
(RIle.Y erne or Orintl
Children _ 13350 SW Howard Dry_ Tigardd Qn_Z_
(To be used for special provisions the Employee may choose to include).
In addition to any conditions stated above.I direct the following(please print or type)
I understand that It the benefits are paid to a under an option requiring the purchase of an annuity for my benefit,
that my designation or daslgnal(on of a beneficiary or beneficiaries may have is be repeated at that time, In
rdance with the requirements of the annuttor.1 further understand that the last to designation of a beneficlary
or beneficisrise filed with ICMA•RC as Trustee for any participaling employer.shall,in the event of my death prior to
full distribution to me elver my retirement, Coniml the actions of ICMA•RC, as Trustee in fha my of the
deferred Dompansetton funds,assets and acpumutation,In the relevant ICMA•RC Account or Accounts.
Slane Dat.
Yat...: —