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R88-10CITY OF KENNEDALE RESOLUTION # 58 -10 A RESOLUTION AUTHORIZING THE PARTICIPATION OF THE CITY OF KENNEDALE IN A CAFETERIA PLAN FOR CITY EMPLOYEES AS AUTHORIZED IN THE IRS CODE SECTION 125, BE IT RESOLVED, that the City of Kennedale establish a Cafeteria Plan, qualified under Section 125 of the Internal Revenue Code, to be known as the City of Kennedale Section 125 Plan, and that the provisions of the Plan shall read, and they hereby are adopted to read, as set forth in the Plan which is for the benefit of all city employees. FURTHER RESOLVED, that the City Administrator and the Director of Finance of the City of Kennedale hereby are authorized and directed to execute, in the name of and on behalf of the City of Kennedale, the Plan in the form set forth. FURTHER RESOLVED, that the City Administrator and the Director of Finance are authorized and directed to execute and deliver all such contracts, agreements, certificates, documents and other instructions, and to do such other acts or things as may be necessary or advisable, to give effect to the foregoing resolutions and the matters provided for therein. PRESENTED AND PASSED on this the 13th ___ day of _ac bber 1990, by'a vote of __ ayes and __ _ nays at a regular meeting of the City Council of the City of Kennedale, Texas. P t c � _ �ee p ayor, City of Kennedale ATTEST: City Secretary(( // APPROVED AS TO FORM: City Attorney CITY OF KENNEDALE SECTION 125 PLAN ARTI I 1.01 The purpose of this Plan is to provide eligible employees of the City of Kennedale certain tax -free welfare benefits provided by the City of Kennedale in lieu of taxable compensation. This Plan is intended to qualify as a "cafeteria plan" within the meaning of Section 125 of the Internal Revenue Code of 1954, as amended. The Plan is to be read in a manner consistent with the terms of Code Section 125. ARTICLE II DEFINITIONS 2.01 "Administrator" means the City of Kennedale or such other person or committee as may be appointed from time to time by the City of Kennedale to supervise the administration of the Plan. 2.02 "Anniversary Date" means the first day of each Plan Year. 2.03 "Code" means the Internal Revenue Code of 1954, as amended from time to time. Reference to any section or subsection includes reference to any comparable or succeeding provisions of any legislation which amendments, supplements, or replaces such section or subsection. 2.04 "Compensation" means the total wages and salary, including overtime payments and bonus payments, which are paid by the employer to a Participant during the Plan Year. 2.05 "Effective Date" means the date that an employee becomes eligible for benefits provided by the City of Kennedale, usually after the completion of the 90 day probation period. 2.06 "Employee" means any person employed by the City of Kennedale. 2.07 "Employer" means the City of Kennedale. 2.08 "Key Employee" means any person who is a key employee as defined in Section 416(i)(1) of the code. 2.09 "Participant" means any Employee who participates in the Plan in accordance with Article III. 2.10 "Plan" means the cafeteria plan as set forth herein, together with any amendments and supplements thereto. 2.11 "Plan Year" means the twelve consecutive month period commencing on each Plan Anniversary Date, except that the first Plan Year shall be the period commencing on the Plan Effective Date and ending on the day preceding the first Plan Anniversary Date. ARTICLE III PARTICIPANTS 3.01 ELIGIBILITY AND DATE OF PARTICIPATION. Each employee of the City of Kennedale shall become eligible to became a participant hereunder on the date the employee becomes a participant under one or more of the City of Kennedale employee benefit plans providing the benefits described in Article IV. 3.02 TERMINATION OF PARTICIPATION. Participation will automatically terminate on the earlier to occur of the following dates: (a) the date the Plan is terminated or (b) the date the participant is no longer a participant in one of the City of Kennedale's employee benefit plans providing benefits described in Article IV. ARTICLE IV PLAN BENEFITS 4,01 Available Plan Benefits. Plan benefits apply only to: (a) Dependent Health Plans (b) Dependent Dental Plans 4.02 Limitations on Benefits. If the administrator determines at any time that the Plan may fail to satisfy any nondiscrimination requirement imposed by the Code or any limitation on benefits provided to highly compensated participants or key employees, the administrator shall take such action as the administrator deems appropriate, under the rules uniformly applicable to similarly situated participants, to assure compliance with such requirement or limitation. ARTICLE V ADMINISTRATION 5.01 The Plan shall be administered by the Administrator in accordance with its terms, for the exclusive benefit of persons entitled to participate in the Plan without discriminating among them. The administrator will have full power to administer the Plan in all of its details, subject to applicable requirements of law. For this purpose, the Administrator's powers will include, but not limited to, the following powers, in addition to all other powers provided by law and this Plan: (a) To make and enforce such rules and regulations as is deemed necessary or proper for the efficient administration of the Plan; (b) To interpret the Plan, its interpretation thereof in good faith to be final and conclusive on all persons claiming benefits under the Plan; (c) To decide all questions concerning the Plan and the eligibility of any person to participate in the plan; (d) To appoint such agents, counsel, accountants, consultants and other person as may be required to assist in administering the Plan; and (e) To allocate and delegate responsibilities under the Plan and to designate other persons to carry out responsibilities under the Plan, any such allocation, delegation or designation to be in writing. 5.02 The administrator will make available to each participant such Plan records, as pertain to the participant, for examination at reasonable times during normal business hours. 5.03 Whenever, in the administration of the Plan, the Administrator shall exercise authority in a nondiscriminatory manner so that all persons similarly situated will receive substantially the same treatment. 5.04 The City of Kennedale agrees to indemnify and to defend to the fullest extent permitted by law any employee serving as the Administrator or as a member of a committee designated as Administrator (including any employee or former employee who formerly served as Administrator o£or as a member of such committee) against all liabilities, damages, costs and expenses (including attorneys' fees and amounts paid in settlement of any claims approved by the City of Kennedale) occasioned by any act or omission to act in connection with the Plan, if such act or omission is in good faith. A RTICLE VI AMENDMENTS AND TERMINATION OF THE PLAN 6.01 Amendments. The City of Kennedale may amend the Plan from time to time. Any Plan amendment shall be filed with the Plan documents. 6.02 Termination. The City of Kennedale intends the Plan to be permanent, but reserves the right to terminate the Plan at any time. In the event of a Plan termination, Compensation reductions will cease. Thereafter neither the City of Kennedale nor any of its Employees shall have any further financial obligations hereunder except such as have accrued up to the date of termination and have not been satisfied. ARTICLE VI MISCELLANEOUS 7.01 No Guaranty of Employment. The adoption and maintenance of the Plan shall not be deemed to be a contract of employment between the City of Kennedale and any employee. Nothing contained herein shall give any employee the right to be retained in the employ of the City of Kennedale or to interfere with the right of the City of Kennedale to discharge any employee at any time nor shall it give the City of Kennedale the right to require any employee to terminate his /her employment at any time. 7.02 Non- Alienation. To the extent permitted by law, no benefit payable at any time under this Plan shall be subject to any manner to alienation, sale, transfer, assignment, pledge, attachment, or encumbrance of any kind. 7.03 Applicable Law. The Plan and all rights hereunder shall be governed by and construed according to the laws of. the State of Texas, except to the extent such laws are preempted by the laws of the United States of America. 0