in accordance with plan documents and insurance contracts, which are in effect from time to time; (c) when the conclusion comes into force, the District and Newco will adopt, to the extent necessary or appropriate, decisions and amendments to the Plan to (i) terminate the District`s sponsorship of the Plans; ii) begin sponsoring the plans by Newco through Newco`s cafeteria plan, in accordance with the section 125 code, (iii) transfer the management contract between the district and TAI to Newco; and (iv) assign to Newco the billing management agreement between the District and The Farmington Company; On 14 January 1998, the Eden Township Hospital District (District), Sutter Health (Sutter) and the Eden Medical Center (Newco) entered into the following agreement (agreement) providing for the adoption by Newco of certain pension plans for district-sponsored employees. Accordingly, in exchange for a good and valuable consideration, including the promises, commitments and agreements set forth in the Memorandum of Understanding, the Parties hereby agree: (b) the Valic District and Aetna, before or as soon as possible after the conclusion, will accept the assignments of ownership of all annuity contracts belonging to the District under such Programs of the District of Newco; and contract for each participant in the income plan from the date of conclusion, in the amount necessary to pay that participant`s benefit under the income plan to the extent that ran from the date of conclusion. Only for this purpose is each of these participants treated as 100% unwavering. Any retirement contract to be used by CIGNA for the purposes of this provision shall include the provisions necessary or appropriate to obtain the qualified status of the income plan where the income plan has been terminated at the time of conclusion and such pension contracts have been distributed to those members in full respect of their benefits incurred under the income plan. To the extent that the value of the assets in the pay plan at closing is greater than the total cost of the pay plan for those repo contracts, as defined by CIGNA, the return plan must include “surplus assets”. If such surplus assets are present, the consideration referred to in Section 3.1 of the Memorandum of Understanding will be increased in respect of those surplus assets. If the parties do not reach an agreement on the administrative fee before the current anniversary, the administrative fee currently in force will remain in force until an agreement is reached, subject to any retroactive adaptation which may be mutually agreed. (a) the sole participation of the district before the conclusion and of Newco after the conclusion is compliance with all applicable wage reduction agreements concluded by and between the participating workers and the district or Newco as employers, including, where appropriate, the deduction of the corresponding wage reductions from the workers` remuneration and their transfer to VALIC or Aetna, where applicable; 15. . . .