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AGREEMENT FOR DEFERRED <br />COMPENSATION PLAN <br />Page 8 <br /> <br /> may be made without penalty, and PLAN ADMINISTRATOR will advise <br /> AGENCY to utilize those options whenever possible. <br /> <br /> Furthermore, should an interest penalty be required by Federal <br /> Regulations, PLAN ADMINISTRATOR will invoke the absolute <br /> minimum penalty allowed. Any withdrawal made as a result of <br /> the death o~ a plan participant will-not be subject to penalty. <br /> <br />X. PRIVITY OF CONTRACT BETWEEN AGENCY AND PARTICIPANT <br /> <br /> All participants must sign an individual PARTICIPATION <br /> AGREEMENT FORM provided by PLAN ADMINISTRATOR and acknowledged <br /> by AGENCY. <br /> <br /> All participants must also complete and sign the SETTLEMENT <br /> AGREEMENT AND DESIGNATION OF BENEFICIARY FORM. PLAN <br /> ADMINISTRATOR will retain copies of all such agreements and <br /> amendments for filing. <br /> <br />XI. PLAN ADMINISTRATOR SERVICES <br /> <br /> (a) PLAN ADMINISTRATOR shall relieve AGENCY of all <br /> administrative, bookkeeping, reporting and pay out <br /> procedures. <br /> <br /> (b) PLAN ADMINISTRATOR shall provide detailed QUARTERLY <br /> statements to all PLAN participants, as well as providing <br /> a cumulative quarterly report to AGENCY. <br /> <br /> (c} PLAN ADMINISTRATOR will assist in implementing PLAN by <br /> conducting meetings for AGENCY and PLAN participants. <br /> Such meetings will be conducted by PLAN ADMINISTRATOR <br /> REPRESENTATIVES. <br /> <br /> (d) PLAN ADMINISTRATOR shall be the source of supply of all <br /> ~orms related to the PLAN. <br /> <br /> (e) In-House Legal Counsel shall assist PLAN ADMINISTRATOR in <br /> monitoring PLAN to assure that PLAN is in Cull compliance <br /> with all pertinent laws and regulations and PLAN <br /> <br /> <br />