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15. I'he Employer Member and the TIvII. IEBP may contract for additional administrative services <br />related to the Employer Members employee benefit programs as long as the Employer Member is <br />a full medical risk participating member of the TML IEBP. <br />16. The Employer Member agrees that no Covered Participant shall have any claim against the <br />property of the trust. The rights of Covered Participants are limited to the benefits specified in the <br />Plan. <br />17. The Employer Members desire to join together ta purchase life insurance benefiting their <br />Employccs, officials, and retirees and their dependents. Therefore, the Cmployer Member <br />authorizes the ?ML IEBP to purchase life insurance coverage insuring the lives of al( Covered <br />Participants ander.the Plan. ' • <br />18. No bond is required of the Board of Trustees of the TML IEBP. <br />19. if any part of this Interlocal Agreement, save and except paragraph 3, is declared invalid, void or <br />unenforceable, the remaining parts and provisions shall continue in full force and effect. lt is <br />further agreed that venue for any dispute arising under the terms of this ]nterlocal Agreement <br />shall be in Austin, Travis Counry, Texas. <br />20. This Interlocal Agreement represents the complete understanding of the TML IEBP and the <br />Employer Member and may not be amended, modified or attered without the written agreement <br />of both parties. <br />21. The initial term of this lnterlocal Agreement shAl l be from ttie day of ~ ry-o. r4 , 20~q <br />at 12:41 a.m. and cantinue until . Absent notice of termination, the <br />Employer Member may annually renew and extend the Intcrlocal Agreement by cxecuting and <br />retuming the rerate notice and benefit selection form as authorized at the inception of this <br />Interlocal Agreement. <br />This Intcrlocal Agreement is entered into for the Employer Member under authorization of <br />(EMPLOYER MEMBER) <br />at duly caUed meeting held on <br />(Date of Meeting) <br />By <br />(SIGNATURL) <br />Authorizcd Official Title <br />Datc <br />(Typed or Printed Name) <br />Interlocat Agreement (rev. 06105/09) - Pngc 4 <br />