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AGREEMENT FOR DEFERRED <br />COMPENSATION PLAN <br />Page 2 <br /> <br />I. APPOINTMENT <br /> <br /> AGENCY, pursuant to Resolution/Ordinance No. , does <br /> <br /> hereby appoint Sacramento Savings and Loan Association as the <br /> PLAN ADMINISTRATOR for the Deferred Compensation Plan <br /> (hereinafter referred to as "PLAN"). <br /> <br />II. INVESTMENT OF FUNDS <br /> <br /> (a) AGENCY agrees to invest the funds of PLAN with PLAN <br /> ADMINISTRATOR, and PLAN ADMINISTRATOR agrees to accept <br /> such funds for investment in Certificates of Deposit. <br /> <br /> (b) All funds on deposit shall be subject to all applicable <br /> rules, regulations, and statutes of the California <br /> Department of Savings and Loans, the Federal Home Loan <br /> Bank Board, the Federal Savings and Loan Insurance <br /> Corporation, and all other applicable regulatory <br /> authorities. ' <br /> <br /> (c> The minimum investment allowed per pay' perioO, per <br /> participant in PLAN shall not be less than $10.00, or if <br /> more than this minimum amount, in multiples of $5.00. <br /> <br /> (d> Investment interest rate is to be determined the last <br /> business day prior to the beginning of each calendar <br /> quarter, and Sacramento Savings agrees to adjust the <br /> investment interest rate at the beginning of each calendar <br /> quarter as follows: <br /> 1. If the account balance is less than $2,500.00, the <br /> interest rate shall be 5.25%, compounded quarterly, <br /> payable quarterly on a 560/560 basis. <br /> <br /> 2. If the account balance is less than $100,000.00 but <br /> with a minimum of $2,500.00, that amount shall be <br /> invested <br /> using whichever of the following index rates will <br /> <br /> <br />