a. POC/deferred comp amendmnt - Laserfiche WebLink

(iv) (vi) (vii) (viii) Loan Term and Interest Rate. The maximum tema over which a loan nvay be repaid is five (5) years (fi~een (15) years if the PLAN SPONSOR permits loans for the purchase of a PARTICIPANT's principal residence). Each loan shall be anmrtizcd in substantially equal payments consisting of principal and interest during the term Of the loan, except that the amount of the final payment may be higher or lower. The ADiVLLNISTRATOR shall estabhsh the interest rate fur any loan. Loan Frequency. Each Participant may have only oJae (1) PLAN loan outstanding at any given time. A PLAN loan which is h~ default, even if the defaulted loan was treated as a "deemed distribution" under federal regulations, shall be treated as an outstanding loan until such PARTICIPANT'S account balance is offset by the amount of principal and accraed thterest under the lom~. A PARTICIPANT will be granted a loan no more frequently than t~vo (2) times in any twelve (12) month period. Default. The PARTICIPANT musl pay the full amount of each loan payment (principal and interest) on the date that it is due. Failure to make such a payment by the due date, or within any cure period established by the ADMINISTRATOR, shall cause the PARTiCiPANT to De in default for the entire amount of the loan, including any accrued interest. A loan will also be in default if the PARTICIPANT either refuses to execute, revoke, or rescind any agreement necessary to comply with the provisions of this Section or the loan administrative procedures established by the ADivlZNISTRATOR or commences or has commenced against PARTICIPANT a ba~flcruptcy case. Loan Security. By accepting a loan, the PARTICIPANT is giving a security interest in their vested PLAN balance as of the than process date, together with all additions thereof, to the PLAN that shall at all times be equal to 100% of the unpaid principal balance of the loan together with accrued interest. Loan Amount. The maximum amount of any loan permitted under the PLAN is thc lesser of (i) 50% of the PARTICIPANT'S vested account balance less any outstanding loan balances under the PLAN or (ii) $50,000 hess the highest ontstandthg loan balance dm:lng the preceding one year period. The ADMINISTRATOR shall establish the minimum loan amount. The PARTICIPANT and not the ADMrNISTR2kTOR shall at ali times remain responsible fur ensuring that any loan received under the PLAN is in accordance with these