University of Virginia Library

APPROVAL OF AMENDMENTS TO THE MEDICAL CENTER’S EMPLOYEE BENEFIT PLANS RELATING TO THE TAKEOVER
OF VASI

WHEREAS, the University, on behalf of its Medical Center, and the University of Virginia Health Services Foundation (“HSF”) mutually desire to amend the Articles of Incorporation of Virginia Ambulatory Surgery, Inc. (“VASI”) so that the University is the sole member effective July 1, 2004; and

WHEREAS, the Medical Center would like to encourage employees who currently work at VASI as HSF employees to continue to work at VASI as Medical Center employees by providing service credit in the Medical Center’s employee benefit plans for time spent employed by VASI and/or HSF; and

WHEREAS, the benefit plans must be formally amended to accomplish the grant of service credit;

RESOLVED that in the Defined Contribution Retirement Plan for Employees of the University of Virginia Medical Center, the Flexible Spending Account Plan for the Employees of the University of Virginia Medical Center, the Health Care Reimbursement Account Plan for Employees of the University of Virginia Medical Center and the Dependent Care Reimbursement Account Plan for Employees of the University of Virginia Medical Center (hereinafter collectively known as “Plan”), service with VASI or HSF shall be treated as service with the Medical Center for purposes of determining eligibility to participate and vesting, provided however, that such service shall not be recognized to the extent that such recognition would result in a duplication of benefits; and

RESOLVED FURTHER that the Executive Vice President and Chief Operating Officer be authorized to execute Plan amendments appropriate to the goals outlined above.