3.8. SR 11-15-2004 - Laserfiche WebLink

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proposals" shall be defined as requesting and/or accepting written or verbal proposals of any kind, regardless of how formal or informal. Notwithstanding the foregoing, a Participant receiving a 50% or greater increase in the aggregate rate for that Participant group in a given year snail be allowed to solicit proposals without jeopardizing their participation in the Pool. If the Paj-ticipant elects to reject all proposals and remain a Participant in the Pool, the Participant will receive a rate to be established by the Board. 5.5.3 Withdrawal Relating to Dual Offering. If a Participant offers Group Employee Benefits through an additional or different plan which, in the discretion of the Board, are considered to be substantially similar to those provided by a Pool in which the Participant participates, then the Board retains the right to deem that such Participant has withdrawn from the Pool. 5.5.4 Withdrawal at Annual Renewal. If a material change in any term or condition of a Group Employee Benefit or Other Financial or Risk Management Service in which a Participant participates is proposed to commence as of the Participant's armual renewal date, the Participant may withdraw trom the applicable Pool as of the renewal date, provided the Participant gives advance written notice of its intent to withdraw promptly (within 30 days) after receiving notice of the material change, even if such notice is given less than 120 days in advance of the renewal date. 5.6 . Effect of Participant Withdrawal. Upon a Participant's withdrawal or deemed withdrawal trom this Agreement or trom a Pool, the following rules shall apply: 5.6.1 Withdrawal from this Agreement. Upon its withdrawal rrom this Agreement, a Participant shall be deemed to have withdrawn trom all Pools maintained under this Agreement in which the Participant is participating at the time of such withdrawal. If a Participant no longer participates in any Pool, the Participant shall be deemed to have withdrawn trom this Agreement, as well as trom the applicable Pool(s). 5.6.2 Withdrawal from a Pool. Withdrawal by a Participant trom any Pool shall not affect the Participant's participation in any other Pool. 5.6.3 Program Funds. No Program Funds or any other amounts that may, in any way, be attributable to a Participant's participation in a Pool shall be returned to the Participant in the event such Participant's participation in a Pool ends prior to the Pool's termination. 5.6.4 Future Participation Limited. If a Participant withdraws or is deemed by the Board to have withdrawn trom a Pool, such Participant's participation in such Pool shall be prohibited for a period of twenty-four (24) months trom the date of such withdrawal or deemed withdrawal. If a Participant withdraws or is deemed by the Board to have withdrawn trom this Agreement, such Participant's participation in this Agreement (and any Pool offered hereunder) shall be prohibited for a period of twenty-four (24) months trom the date of such withdrawal or deemed withdrawal. 090299 9