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ARTICLE VII. <br /> PLAIN AMENDMENT AND TERMINATI®N <br /> 7.1 Employer Amendments. The Employer reserves the right to amend the Plan, or any portion of <br /> the Plan, at any time. The Employer expressly may make any amendment it determines <br /> necessary or desirable, with or without retroactive effect, to comply with the law. Such <br /> amendment shall not affect any right to benefits that accrued prior to such amendment. Such <br /> amendment shall be made in writing and in accordance with Section 8.4. <br /> 7.2 Employer's Right to Terminate. Although the Employer expects the Plan to be maintained for <br /> an indefinite time, the Employer reserves the right to terminate the Plan, or any portion of the <br /> Plan, at any time. In the event of the dissolution, merger, consolidation, or reorganization of the <br /> Employer, the Plan shall terminate unless the Plan is continued by a successor to the Employer in <br /> accordance with the resolution of such successor's managing body. Such termination shall not <br /> affect any right to benefits that accrued prior to any termination. Such action shall be taken in <br /> writing and in accordance with Section 8.4. <br /> ©2012 Hitesman&Wold,P.A. 20 City of Elk River <br /> Flexible Benefits Plan <br />