§ 2-1362. Definitions.

The following words and phrases as used in this division shall have the following meanings, unless a different meaning is plainly required by the context:

Board means the Board of Trustees of the Trust as provided for in section 2-1365.

Code means the Internal Revenue Code of 1986, as amended, and includes any regulations thereunder.

Employee means any person who performs services for the city, either as a city official, an employee or an independent contractor, to whom compensation is paid on a regular basis.

Investment options means any funding vehicle which the board permits under the terms of the program.

Participant means an employee or former employee who has been enrolled in the program and who retains the rights to benefits under the program.

Plan means a plan described in section 457 of the code adopted by the board on behalf of the city for the benefit of employees pursuant to section 2-1363.

Program means this Kansas City Employees' Deferred Compensation Program as set forth herein and as may be amended from time to time. The term "program" also encompasses the term "plan."

Trust means the Kansas City Employees' Deferred Compensation Trust established pursuant to the program under section 2-1365.

(Ord. No. 980479, § 1, 5-21-98)