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<br />10.07 Effect of Adopted Plan Amendment. This Plan and any properly adopted amendment or <br />modification shall be binding on the parties hereto and their respective heirs, administrators, trustees, <br />successors, and assignees and on all Participants, Beneficiaries, and Alternate Payees. <br /> <br />ARTICLE XI <br />Authority of Plan Sponsor and Administrator <br /> <br />11.01 Authority Binding on Participants, Beneficiaries, and Alternate Payees. The Plan Sponsor, the <br />Administrator, or their respective agents shall be authorized to resolve any questions of fact <br />necessary to decide the Participant's right under this Plan and such decision shall be binding on the <br />Participant, Beneficiary, and any Alternate Payee, provided, however, that assets of the Plan shall be <br />held for the exclusive benefit of Participants and Beneficiaries at all times. <br /> <br />11.02 Authority to Interpret Plan. The Plan Sponsor, the Administrator, or their respective agents shall <br />be authorized to construe the Plan and to resolve any ambiguity in the Plan. <br /> <br />11.03 Investment Losses. The Participant specifically agrees not to seek recovery against the Plan <br />Sponsor, the Administrator or any other employee, contractee, or agent of the Plan Sponsor or <br />Administrator for any loss sustained by a Participant, a Beneficiary, or an Alternate Payee for the <br />non-performance of their duties, negligence, or any other misconduct of the above-named persons, <br />except that this paragraph shall not excuse fraud or wrongful taking by any person. <br /> <br />11.04 Suspension of Benefit Payments. The Plan Sponsor, the Administrator, or their respective agents, <br />if in doubt concerning the correctness of their action in making a payment of a benefit, may suspend <br />the payment until satisfied as to the correctness of the payment or the identity of the person to <br />receive the payment or allow the filing in any State court of competent jurisdiction, a suit in such <br />form as they consider appropriate for a legal determination of the benefits to be paid and the persons <br />to receive them. The Plan Sponsor shall comply with the final orders of the court in any such suit <br />and all Participants, Beneficiaries, and Alternate Payees consent to be bound thereby insofar as it <br />affects the benefits payable under this Plan or the method or manner of payment. <br /> <br />11.05 Hold Harmless. The Plan Sponsor, the Administrator, and their respective agents are hereby held <br />harmless from all court costs and all claims for the attorney's fees arising from any action brought by <br />any Participant, Beneficiary, or Alternate Payee under this Plan or to enforce his rights under this <br />Plan, including any amendment, modification or termination hereof. <br /> <br />11.06 Litigation. The Administrator shall not be required to participate in any litigation concerning the <br />Plan except upon written demand from the Plan Sponsor. The Administrator may compromise, <br />adjust or effect settlement of litigation when specifically instructed to do so by the Plan Sponsor. <br /> <br />11.07 Exclusive Benefit of Participants and Beneficiaries. Notwithstanding any contrary provision of <br />the Plan, including any annuity contract issued under the Plan, in accordance with IRC Section <br />457 (g), all amounts of Compensation deferred pursuant to the Plan, all property and rights purchased <br />with such amounts, and all income attributable to such account, property, or rights shall be held for <br />the exclusive benefit of Participants and Beneficiaries under the Plan and shall be held in a trust, in <br />an annuity contract, as defined in IRe Section 401 (f), or in one or more custodial accounts. For <br />purposes of this paragraph: <br /> <br />(a) a trust must be established under the Plan pursuant to a written agreement that constitutes a <br />valid trust under the law of the state in which the Plan Sponsor is located, <br /> <br />i!J Nationwide Retirement Solutions, Inc. <br />Consolidated Standard 457 Plan <br />Amended and Restated 457(b) Governmental Plan Document <br />November 11,2005 <br /> <br />17 <br /> <br />~. <br />N <br />.~ <br />[ <br />,~: <br />~' <br />1\:: <br />~j <br />I <br />, <br />i~ . <br />