RES 81140 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 81-140 A RESOLUTION OF THE CITY OF PLEASANTON ADOPTING AN EMPLOYEES' DEFERRED COMPENSATION PLAN AND AUTHORIZING THE EXECUTION OF AGREEMENTS RELATED TO SAID PLAN BY THE CITY MANAGER WHEREAS, the City of Pleasanton has in its employ employees who are and will be rendering valuable services to the City of Pleasanton; and WHEREAS, the City of Pleasanton has considered the establishment of a Deferred Compensation Plan for the said employees and believes that the adoption of said Plan will enhance the efficiency and morale of the employees and will be in the best interest of the City of Pleasanton; and WHEREAS, it is intended that said Plan shall be in accordance with Federal and State Law and Regulations; and the City of Pleasanton finds that it would be for the benefit and in the best interests of the City of Pleasanton to approve the proposed Deferred Compensation Plan this day submitted to the Pleasanton City Council. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1. Establishes said Deferred Compensation Plan for said employees of the City of Pleasanton. Section 2. That said Deferred Compensation Plan this day submitted to the Pleasanton City Council, which is attached hereto as Exhibit "A", is hereby approved and adopted, to be effective July 1, 1981, and to remain in effect until terminated by further resolution of the Pleasanton City Council. Section 3. This resolution shall become effective immediately upon its passage and adoption. THIS RESOLUTION ADOPTED ON MAY 12, 1981, BY THE FOLLOWING VOTE: AYES: NOES: ABSENT: ABSTAIN: ATTEST: Councilmembers - Butler, Kephart, Mohr, Wood and Mayor Mercer N°nNor~ · MERCER, MAYOR ~y~oris George, Deputy City Clerk APPROVED AS TO FORM: