In this Article, the following words and phrases have the following meanings:
(a) Board or Board of Investment Trustees means the Board of Investment Trustees established under Article III.
(b) Collectively Bargained Plan means a plan established under Section 33-146B.
(c) County means the Montgomery County Government, and when applicable, any participating agency.
(d) Employee means any eligible elected or appointed County official and any full-time or career part-time County employee.
(e) Deferred compensation plan or plan means the Deferred Compensation Plan of Montgomery County, Maryland.
(f) Participant means an employee who is participating in the plan.
(g) Trust means the trust established to hold all assets and income of the plan for the benefit of plan participants and their beneficiaries. (1995 L.M.C., ch. 8, § 1; 1998 L.M.C., ch. 23, § 1; , § 1.)
Editor’s noteSection 2 of 1998 L.M.C., ch. 23, reads as follows: “The powers and duties of the Board of Investment Trustees regarding the Deferred Compensation Plan of Montgomery County trust take effect when all trustees accept the trust agreement in writing.”
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
