Upon motion duly made and seconded, it was unanimously Resolved, that the completed and executed forms of the Chatam Prototype Defined Contribution Plan, Trust Agreement, and Adoption Agreement presented to this meeting are hereby approved and adopted to be effective January 1, 2000 with such changes thereto as the Officers of the Corporation in their sole discretion shall approve at any time or from time to time (such approval being evidenced by their execution of such document(s) instituting such changes) for purposes of causing such plan and trust agreement to meet the requirements of Sections 401(a) and 501(a) of the Internal Revenue Code of 1986, as amended, and Title I of the Employee Retirement Income Security Act of 1974, as amended; and
Resolved, that the Officers of the Corporation are hereby authorized to take all action as they deem necessary in their sole discretion on the advice of legal counsel to obtain and retain favorable determinations of the Internal Revenue Service as to the qualification of the plan and trust agreement (and any authorized changes thereto) above approved.
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--Last update 03/15/00