Document:

EX-10.1

 Exhibit 10.1 
  

 
 e-mail: gberman@dsi.biz 

July 29, 2016 
 Andrew Hirsch 

President and CEO 
 BIND Therapeutics, Inc. 

325 Vassar Street 
 Cambridge, MA 02139 

 

	 	Re:	Development Specialists, Inc. (“DSI”) 

	 	    	Engagement Agreement 

 Dear Mr. Hirsch: 

Please accept this letter as our firm’s (“DSI’s”) formal written agreement to provide consulting services to BIND
Therapeutics, Inc. and BIND Biosciences Security Corporation, debtors-in-possession (together, “You” the “Company”), (the “Agreement”). The Agreement will become effective upon execution by duly authorized
representatives of the respective parties and approval of the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). 

Section 1 – Scope of Work 
 DSI’s role will be to
provide the following services to the Company (the “Services”): 
  

	 	1.	Geoffrey L. Berman shall serve as the Company’s sole Director and Chief Restructuring Officer, if requested, after the closing of the sale of substantially all of the Company’s assets to Pfizer, Inc. or a
higher bidder pursuant to the Order (A) Approving Bidding Procedures in Connection With Sale of Assets of the Debtors, (B) Approving Form and Manner of Notice, (C) Scheduling Auction and Sale Hearing, (D) Authorizing
Procedures Governing Assumption and Assignment of Certain Contracts and Unexpired Leases, and (E) Granting Related Relief (Docket No. 225) entered by the Bankruptcy Court in the Company’s pending Chapter 11 bankruptcy cases.

  

	 	2.	Assist in the preparation of the Company’s Disclosure Statement and Plan of Liquidation (the “Plan”), in association with the Company’s counsel, Latham & Watkins LLP. 

 

	 	3.	Attend court hearings and provide testimony, as needed, to confirm the Plan and resolve claims. 

  
 

 

 Andrew Hirsch 

July 29, 2016 
  Page
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	 	4.	Perform such other tasks as may be agreed to by DSI and directed by the Company or order of the Court having jurisdiction over the Company. 

 

	 	5.	Upon confirmation of the proposed Plan, Geoffrey L. Berman shall act as the sole remaining officer and director of the reorganized debtors for the purpose of dissolving the reorganized debtors and terminating the
Company’s employee benefit plan(s) and shall serve as the Trustee of the Company’s Liquidating Trust, responsible for the administration of that Trust, including distribution of Trust assets to allowed creditor beneficiaries.1 

 Our ability to adequately perform the Services is dependent upon You timely providing
reliable, accurate and complete necessary information. You acknowledge that we are not responsible for independently verifying the truth, completeness or accuracy of any information supplied to us by You or on behalf of You. 

Section 2 – Rates, Invoicing and Retainer 
 A number
of DSI’s personnel have experience in the above matters and may be engaged in this representation. Although others of our staff may also be involved, we have listed below certain of the DSI personnel (along with their corresponding billing
rates) who would likely constitute the core group for this matter. 
  

			
	        Geoffrey L. Berman	  	$590.00/hr.
	        Tania Kingsbury	  	$225.00/hr.

 These rates are adjusted as of January 1st of each year to reflect
advancing experience, capabilities, and seniority of our professionals as well as general economic factors I will be the primary consultant for the pre-confirmation period and serve as the post-confirmation Trustee. 

DSI has agreed to serve in both the pre-confirmation and Trustee capacity for a monthly fee of $10,000 per month. DSI will maintain detailed invoices for both
the pre-confirmation and Trustee portions of this engagement. 
 DSI also will be entitled to reimbursement for its reasonable costs and expenses. Such
costs and expenses may include, among others, charges for messenger services, overnight deliveries, photocopying, travel expenses, long distance telephone charges, postage and other charges customarily invoiced by consulting firms. Airfare for
domestic flights will be charged at economy/coach fares; international flights will be charged at the business class fare. 
  

 

	1 	The services as the post-confirmation Trustee will be governed by the Liquidating Trust Agreement, which will be provided to the Bankruptcy Court as part of the Plan and Disclosure Statement. 

 
 

 

 Andrew Hirsch 

July 29, 2016 
  Page
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 Section 3 – Termination 

Either the Company or DSI may terminate this agreement for any reason with five (5) business days’ written notice; provided however, the Company
shall be obligated to pay and/or reimburse DSI all fees and expenses accrued under this Agreement as of the effective date of the termination. 

Section 4 – Relationship of the Parties, Confidentiality 

DSI will provide consulting services to and for the Company, with select members of DSI, as noted above, assigned to specific roles for the benefit of the
Company. These members will remain as DSI employees during the pendency of this case. Specifically, the parties intend that an independent contractor relationship will be created by this Agreement. Employees of DSI are not to be considered employees
of the Company and are not entitled to any of the benefits that the Company provides for the Company’s employees, unless written modification is made to this engagement agreement, with the exception that I will be added to the Company’s
existing Director’s and Officer’s insurance policy for the pre-confirmation period of this engagement. 
 The Company acknowledges that all advice
(written or oral) given by DSI to the Company in connection with DSI’s engagement is intended solely for the benefit and use of the Company (limited to its management and Board of Directors) in considering the transaction or subject matter to
which it relates, and that no third party is entitled to rely on any such advice or communication. DSI will in no way be deemed to be providing services for any person not an express party to this letter agreement. 

DSI agrees that all information not publicly available that is received by DSI from the Company in connection with this engagement or that is developed during
this engagement, will be treated as confidential and will not be disclosed by DSI, except as required by Court order, or other legal process, or as may be authorized by the Company. DSI shall not be required to defend against any action to obtain an
order requiring disclosure of such information, but shall instead give prompt notice of any such action to the Company, so that You may seek appropriate remedies, including a protective order. The Company shall reimburse DSI for all costs and fees
(including reasonable attorney’s fees and internal time devoted by DSI employees) incurred by DSI, whether during the pendency of this engagement or thereafter, relating to responding to (whether by objecting to or complying with) any subpoenas
or requests for production of information or documents. 
 Section 5 – Indemnity, Limitation of Liability 

To the fullest extent permitted under applicable law, the Company, shall indemnify, hold harmless and defend DSI, and each and every one of the personnel
employed by DSI who works 
  
 

 

 Andrew Hirsch 

July 29, 2016 
  Page
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on this particular project, as well as DSI officers, directors, employees and agents (the “DSI Parties”) from and against any and all claims, liability, loss, cost, damage or expense
(including reasonable attorney’s fees) asserted against it or any of its individual personnel, or incurred by DSI or its personnel, including addressing or responding to a subpoena or court order, arising out of or in connection with this
Agreement , or performance under this Agreement, except where it is determined in a final judgment by a court of competent jurisdiction (not subject to further appeal) that such liability claim, loss, costs, damage or expense is the direct result of
the willful misconduct, dishonesty, fraudulent act or omission, or gross negligence of any DSI personnel. Such indemnity shall survive the expiration or termination by either party of this engagement. 

The DSI Parties shall not be liable to the Company, or any party asserting claims on behalf of the Company, except for direct damages found in a final
determination (not subject to further appeal) by a court of competent jurisdiction to be the direct result of the bad faith, self-dealing or intentional misconduct of DSI. The DSI Parties aggregate liability, whether in tort, contract, or otherwise,
is limited to the amount of fees paid to DSI for services on this engagement (the “Liability Cap”). The Liability Cap is the total limit of the DSI Parties aggregate liability for any and all claims or demands by anyone pursuant to this
Agreement, including liability to the Company, to any other parties hereto, and to any others making claims relating to the work performed by DSI pursuant to this engagement letter. 

In addition, to the extent this Agreement is amended to include any DSI employee serving as an officer or director of the Company, including, but not limited
to, Chief Restructuring Officer, such DSI employee shall be entitled to all indemnification and applicable insurance coverage available to any Officer or Director of the Company and upon such amendment the Company shall take all reasonable steps to
promptly implement the intent of this provision. 
 Section 6 – Conflicts 

By executing this Agreement , the Company specifically waives any objection, or standing to object, to the retention, in matters unrelated to the Company, of
DSI by banks or other institutional lenders or debt holders, who are or whose affiliates are lenders to the Company, or bank groups which include banks who are or whose affiliates are lenders to the Company. 

Further, the Company hereby acknowledges that DSI and Latham & Watkins have been and are currently involved in a number of other matters, including
instances where Latham & Watkins represents DSI in various fiduciary capacities, as well as matters where Latham & Watkins has represented debtors that have made assignments for the benefit of creditors to DSI, or represented
secured creditors where DSI has or is acting in a fiduciary capacity. None of these matters are related to in any manner to this proposed engagement nor would rise to the level of a conflict of interest. 

 
 

 

 Andrew Hirsch 

July 29, 2016 
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 Section 7 – No Audit 

The Company acknowledges that it is hiring DSI to assist the Company in completing its Chapter 11 case. DSI’s engagement shall not constitute an audit,
review or compilation, or any other type of financial statement reporting engagement that is subject to the rules of AICPA or other such state and national professional bodies. It is beyond the scope of our services to identify deficiencies in
record keeping practices or procedures, errors or irregularities in financial statements or the Company’s books and records. 
 Section 8 –
Non-Solicitation 
 The Company agrees not to solicit, recruit or hire any employees or agents of DSI for a period of two years subsequent to the completion
and/or termination of this Agreement. 
 Section 9 – Retention of Information provided by the Company to DSI 

Regarding all documents and other materials provided by the Company to DSI, including all copies thereof (the “Company Documents”), upon termination
or expiration of the Agreement, DSI shall, at its election, either 1) return such documents to the Company, 2) destroy such documents upon three days written notice to the Company, or 3) treat such documents and other materials in accordance with
DSI’s then existing document retention policy. Should DSI elect either alternatives 1 or 2 above, DSI may retain copies of those Company Documents that it deems necessary to address potential post-termination issues, subject to complying with
any confidentiality provisions in effect at the time of termination of the Agreement. 
 Section 10 – Survival 

The provisions of this agreement relating to indemnification, limitation of liability, the non-solicitation or hiring of DSI employees, and all other
provisions necessary to the enforcement of the intent of this Agreement will survive the termination or expiration of this Agreement. 
 Section 11
– Governing Law 
 This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware. 

Section 12 – Entire Agreement, Amendment 
 This
Agreement letter contains the entire understanding of the parties relating to the subject matter of this engagement letter and supersedes and is intended to nullify any other agreements, understandings or representations relating to the subject of
this engagement letter. This engagement letter may not be amended or modified except in a writing signed by the parties. 
  
 

 

 Andrew Hirsch 

July 29, 2016 
  Page
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 If you are in agreement with the terms and conditions of this engagement letter, I would ask that you
indicate your acceptance of the above terms of our engagement by signing an original copy of this engagement letter on the signature lines below, then returning one fully-executed agreement to DSI’s office. 

Should the Company or its representatives have any questions, comments or concerns, or require additional clarification or information, please
do not hesitate to call. 
  

	
	Very truly yours,
	
	/s/ Geoffrey L. Berman
	 Geoffrey L. Berman
 Senior Managing
Director

  

			
	 AGREED AND ACKNOWLEDGED:

BIND Therapeutics, Inc.
 BIND Biosciences Security
Corporation

		
	By:	 	/s/ Andrew Hirsch
		
	Date:	 	July 29, 2016Exhibit 4.5

 

FOURTH AMENDMENT TO THE 
 JANUS 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN

 

The Janus 401(k) and Employee Stock Ownership Plan, as amended and restated effective January 1, 2014 (the “Plan”), is hereby amended as follows, effective as of September 1, 2016 unless otherwise expressly provided below:

 

1.             The first paragraph of Section 1.23 of the Plan is hereby amended by replacing it in its entirety to read as follows:

 

“Hour of Service” means, for purposes of vesting and benefit accrual, (1) each hour for which an Employee is directly or indirectly compensated or entitled to compensation by the Employer or an Affiliated Employer for the performance of duties (these hours will be credited to the Employee for the computation period in which the duties are performed); (2) each hour for which an Employee is directly or indirectly compensated or entitled to compensation by the Employer or an Affiliated Employer (irrespective of whether the employment relationship has terminated) for reasons other than performance of duties (such as vacation, holidays, sickness, jury duty, disability, lay-off, military duty or leave of absence) during the applicable computation period (these hours will be calculated and credited pursuant to Department of Labor regulation 2530.200b-2 which is incorporated herein by reference); (3) each hour for which back pay is awarded or agreed to by the Employer or an Affiliated Employer without regard to mitigation of damages (these hours will be credited to the Employee for the computation period or periods to which the award or agreement pertains rather than the computation period in which the award, agreement or payment is made). The same Hours of Service shall not be credited both under (1) or (2), as the case may be, and under (3).

 

Notwithstanding (2) above, (i) no more than 501 Hours of Service are required to be credited to an Employee on account of any single continuous period during which the Employee performs no duties (whether or not such period occurs in a single computation period); (ii) an hour for which an Employee is directly or indirectly paid, or entitled to payment, on account of a period during which no duties are performed is not required to be credited to the Employee if such payment is made or due under a plan maintained solely for the purpose of complying with applicable worker’s compensation, or unemployment compensation or disability insurance laws; and (iii) Hours of Service are not required to be credited for a payment which solely reimburses an Employee for medical or medically related expenses incurred by the Employee.

 

For purposes of (2) above, a payment shall be deemed to be made by or due from the Employer or Affiliated Employer regardless of whether such payment is made by or due from the Employer or Affiliated Employer directly, or indirectly through, among others, a trust fund, or insurer, to which the Employer or Affiliated Employer contributes or pays premiums and regardless of whether contributions made or due to the trust fund, insurer, or other entity are for the benefit of particular Employees or are on behalf of a group of Employees in the aggregate.

 

 

The provisions of Department of Labor regulations 2530.200b-2(b) and (c) are incorporated herein by reference.

 

Service will be determined on the basis of the (i) actual hours for which an hourly Employee is paid or entitled to payment, and (ii) semi-monthly payroll periods for a salaried Employee such that such Employee will be credited with ninety-five (95) Hours of Service if under the preceding paragraphs such Employee would be credited with at least one (1) Hour of Service during the semi-monthly payroll period.

 

2.             Section 1.1 of the Plan is hereby amended to add a new subsection (m) to read as follows:

 

(m)         “Roth Conversion Account” means the account created to hold amounts attributable to In-Plan Roth Conversions; provided that rollovers from each of the following Accounts shall be accounted for separately within the Roth Conversion Account: After-Tax Account;  Pre-Tax Elective Deferral Account; the  portion of the Elective Account attributable to Employer Qualified Non-Elective Contributions;  Matching Account; Profit Sharing Account; the portion of the Non-Elective Account attributable to any Employer Qualified Matching Contributions;  Rollover Account; Special Discretionary Account; and Transfer Account.

 

3.             Article I of the Plan is hereby amended by adding a new Section 1.23A to read as follows:

 

1.23A     “In-Plan Roth Conversion” means the process of carrying out an election by a Participant in accordance with Section 3A.1.

 

4.             Section 3.1(b) of the Plan is hereby amended by replacing it in its entirety to read as follows:

 

(b)           Automatic Enrollment of New Participants in Pre-tax Elective Deferral Contributions.  The Administrator shall automatically enroll each newly Eligible Employee who fails to make an affirmative election in a Payroll Withholding Agreement either to make Elective Contributions under Section 3.1(a) or not to make Elective Contributions under Section 3.1(a).

 

(1)           Pre-Tax Elective Deferral Amount.

 

(A)       An automatically enrolled Participant shall be deemed to have elected to make Pre-tax Elective Deferral Contributions in the following amount of Compensation pursuant to a passive Payroll Withholding Agreement: (i) 4 percent during the period ending on the day before the second anniversary of the date on which the Participant became an automatically enrolled Participant; (ii) 5 percent during the period following the period in (i) and ending on the day before the third anniversary of the date on which the Participant became an automatically enrolled Participant; and (iii) 6 percent following the period in (ii); provided, that, for each newly Eligible Employee who initially becomes an automatically enrolled Participant on or after January 1, 2016, the percentage in (i) shall be 4.5 percent, and the percentage in (ii) shall be 5.5 percent; provided, further, 

 

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that, for each newly Eligible Employee who initially becomes an automatically enrolled Participant on or after September 1, 2016, the amount of Compensation deemed to have been elected for Pre-tax Elective Deferral Contributions shall be (v) 6 percent during the period ending on the day before the second anniversary of the date on which the Participant became an automatically enrolled Participant; (w) 7 percent during the period following the period in (v) and ending on the day before the third anniversary of the date on which the Participant became an automatically enrolled Participant; (x) 8 percent following the period in (w) and ending on the day before the fourth anniversary of the date on which the Participant became an automatically enrolled Participant; (y) 9 percent following the period in (x) and ending on the day before the fifth anniversary of the date on which the Participant became an automatically enrolled Participant; and (z) 10 percent following the period in (y).

 

(B)       Upon the receipt of an affirmative Payroll Withholding Agreement pursuant to which the Participant elects either to make Elective Contributions under Section 3.1(a)(1) or not to make Elective Contributions under Section 3.1(a)(1) and subject to Section 3.2, such Participant shall cease to be an automatically enrolled Participant..

 

(2)           Notice Requirement.  In connection with the automatic enrollment provisions of this Article III, within a reasonable period prior to the initial automatic enrollment of a Participant, the Administrator shall give the Participant a notice explaining the automatic enrollment and his right to make an affirmative contribution election (or to make no Elective Contributions), including the procedure for exercising that right and the timing for implementation of any such election, and an explanation of how Pre-tax Elective Deferral Contributions made under this Section will be invested in the absence of an investment election by the Automatically Enrolled Participant. Further, at the beginning of each Plan Year, the Administrator shall give each Participant the notice described in the preceding sentence.

 

5.             The Plan is hereby amended by adding a new Article IIIA to read as follows:

 

ARTICLE IIIA

IN-PLAN ROTH CONVERSION

 

3A.1       In-Plan Roth Conversion.  In accordance with Code Section 402A(c)(4) and the guidance issued thereunder, a Participant may make an election to convert any portion of the Accounts listed in section 3A.2 to a Roth Conversion Account, subject to the terms and conditions set forth in this Article IIIA and in a manner and with the advance notice prescribed by the Administrator.

 

3A.2       Conversion Application and Notice.

 

(a)           A Participant’s application for an In-Plan Roth Conversion shall indicate which of the following Accounts he or she wishes to convert, provided that only the vested portion of any such Account shall be eligible for conversion:

 

(i) After-Tax Account;

 

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(ii) Pre-Tax Elective Deferral Account;

 

(iii) the portion of the Elective Account attributable to Employer Qualified Non-Elective Contributions;

 

(iv) Matching Account;

 

(v) Profit Sharing Account;

 

(vi) the portion of the Non-Elective Account attributable to any Employer Qualified Matching Contributions;

 

(vii) Rollover Account;

 

(viii) Special Discretionary Account; and

 

(ix)Transfer Account.

 

(b)           An In-Plan Roth Conversion may not be elected by a Participant more frequently than once per any calendar quarter ending March 31st, June 30th, September 30th or December 31st.

 

(c)           The portion of a Participant’s Accounts selected for conversion need not be eligible for distribution under Section 8.1 or Section 8.2. However, the notice and consent requirements of Code Section 411(a)(11) and the Regulations thereunder shall apply to the application for an In-Plan Roth Conversion to the extent the portion of the Account being converted is otherwise eligible for distribution under Section 8.1 or Section 8.2.

 

3A.3       Recontributions Not Permitted.  No one shall be permitted to convert any portion of an Account to a Roth Conversion Account by receiving an eligible rollover distribution from the Plan and re-contributing any portion of such distribution to the Plan.

 

3A.4       Distribution Restrictions.  Any portion of a Participant’s Account that is converted pursuant to this Article IIIA shall be maintained in a sub-account of the Roth Conversion Account based on the type of Account that was converted and the same distribution restrictions that applied to such pre-converted Account shall continue to apply to the sub-account (and any earnings in the sub-account) following the conversion.

 

3A.5       Permanent Conversion.   Once the Administrator has completed the conversion of any portion of the Participant’s Account to the Participant’s Roth Conversion Account, the conversion cannot be undone or recharacterized.

 

3A.6       Tax Withholding.   In carrying out a Participant’s election for an In-Plan Roth Conversion, the full amount of the portion of the Account selected for conversion shall be converted immediately following the Valuation Date that the conversion election is processed.  The Administrator will not withhold any taxes and no portion of the Participant’s Account may be withdrawn for payment of any taxes generated by the conversion, unless such amount would otherwise be eligible for a withdrawal under Section 8.1 or Section 8.2.  Notwithstanding the prior sentence, the Participant shall remain responsible for the timely remittance of any taxes generated by the conversion.

 

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Distributions from a Participant’s Roth Conversion Account within five (5) years of an In-Plan Roth Conversion may be subject to additional taxes under Section 72(t) of the Code.

 

3A.7       Limits.   Any portion of an Account that is converted pursuant to an In-Plan Roth Conversion shall still be subject to Section 3.3, Article XIII and Article XIV to the same extent that such portion would have been subject to Section 3.3, Article XIII or Article XIV if such conversion had not taken place.

 

6.             Section 7.10(b)(1) of the Plan is hereby amended by replacing it in its entirety to read as follows:

 

(1)           An “eligible rollover distribution” is any distribution of all or any portion of the balance to the credit of the “distributee,” except that an “eligible rollover distribution” does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the “distributee” or the joint lives (or joint life expectancies) of the “distributee” and the “distributee’s” designated beneficiary, or for a specified period of ten years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9); the portion of any other distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities); any hardship distribution; and any other distribution that is reasonably expected to total less than $200 during a year.  A portion of a distribution shall not fail to be an “eligible rollover distribution” merely because the portion consists of amounts which are not includible in gross income; provided, however, that such portion which is not includible in gross income may be transferred only to the following “eligible retirement plans”: (A) an individual retirement account or annuity described in Code Section 408(a) or (b), (B) a qualified defined contribution plan described in Code Sections 401(a) or 403(a) that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible, (C) to a qualified trust or to an annuity contract described in Code Section 403(b), if such trust or contract provides for separate accounting for amounts so transferred (including interest thereon) including separately accounting for the portion of such distribution which is includable in gross income and the portion of such distribution which is not so includible, or (D) a Roth IRA described in Code Section 408A; provided further than any distribution from the Roth Conversion Account or Roth Elective Deferral Account may be transferred only to the following “eligible retirement plans”:  (A) a designated Roth account in a qualified defined contribution plan described in Code Sections 401(a) or a qualified trust or to an annuity contract described in Code Section 403(b) or (B) a Roth IRA described in Code Section 408A.

 

7.             Article XI of the Plan is hereby amended by adding a new Section 11.22 to read as follows:

 

11.22      Time Limit For Taking Legal Action. Except as specified in ERISA Section 413 and regardless of any state or federal laws establishing provisions relating to limitations of actions (except to the extent that such state or federal laws cannot be waived), the following limitations shall apply:

 

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(a)           Eligibility and Participation.  No employee, former employee, Participant, Beneficiary or alternate payee (as defined in Code Section 414(p)) may take legal or equitable action against the Plan or any of the Plan’s fiduciaries with respect to such employee’s, former employee’s, or Participant’s eligibility to participate in the Plan more than three years after the date of such individual’s termination of employment which immediately follows the service that is the subject of such claim.

 

(b)           Contributions.  No Participant, beneficiary or alternate payee (as defined in Code Section 414(p)) may take legal or equitable action against the Plan or any of the Plan’s fiduciaries with respect to any Contribution (or alleged missing Contribution) to such Participant’s Account more than three years after the end of the Plan Year for which such Contribution was made (or allegedly should have been made).

 

(c)           Investment Fund Directions and Elections and Allocation of Earnings, Losses and Expenses.  No Participant, Beneficiary or alternate payee (as defined in Code Section 414(p)) may take legal or equitable action against the Plan or any of the Plan’s fiduciaries with respect to any allocation of any portion of any Participant’s Account to an Investment Fund (or alleged failure to allocate any portion of any Participant’s Account to an Investment Fund) or any earnings or losses of an Investment Fund or other expenses more than three years after the end of the Plan Year for which such allocation was made (or allegedly should have been made) or during which such earnings, losses or expenses occurred.

 

(d)           Other Claims.  No employee, former employee, Participant, Beneficiary or alternate payee (as defined in Code Section 414(p)) may take legal action against the Plan or any of the Plan’s fiduciaries with respect to any claim not addressed in Section 11.22 (a), (b) or (c) above more than one year after the date of the written decision on review provided by the Administrator in accordance with Section 11.8.

 

10.          Except as expressly provided herein, the Plan shall remain in full force and effect.

 

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