R08-012
II
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2 RESOLUTION NO. R08- O/~
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5 A RESOLUTION OF THE CITY COMMISSION OF
6 BOYNTON BEACH, FLORIDA, APPROVING AN
7 AGREEMENT BETWEEN THE CITY OF BOYNTON
8 BEACH AND THE LINCOLN NATIONAL LIFE
9 INSURANCE COMPANY SUCCESSOR TO JEFFERSON
10 PILOT FINANCIAL INSURANCE COMPANY
11 REGARDING A NAME CHANGE FOR THE COMPANY;
12 AUTHORIZING THE CITY MANAGER AND CITY
13 CLERK TO EXECUTE SAID AGREEMENT; AND
14 PROVIDING AN EFFECTIVE DATE.
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17 WHEREAS, on September 2, 2003, the City of Boynton Beach and Jefferson Pilot
18 Financial entered into a Consultant Agreement to provide for life and disability insurance
19 plans for the employees of the City of Boynton Beach and extended the three (3) year term to
20 September 29,2008; and
21 WHEREAS, since that time the City received notice that Jefferson Pilot had merged
22 with Lincoln Financial Group and changed the name of its group insurence underwriting
23 company to The Lincoln National Life Insurance Company; and
24 WHEREAS, the City Commission of the City of Boynton Beach deems it in the best
25 interest, health, safety and welfare of the citizens and residents of Boynton Beach to enter into
26 the Agreement with The Lincoln National Life Insurance Company.
27 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
28 THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
29
Section 1.
Each Whereas clause set forth above IS true and correct and
30 incorporated herein by this reference.
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Section 2.
The City Commission of the City of Boynton Beach, Florida hereby
S:ICA IRESOlAgreementsVefferson Pilot.doc
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approves and authorizes the City Manager and City Clerk to execute the Agreement between
2 the City of Boynton Beach and The Lincoln National Life Insurance Company regarding the
3 company's merger and name change with Jefferson Pilot Financial Insurance Company, a
4 copy of said Agreement is attached hereto as Exhibit "A".
5
Section 3.
That this Resolution shall become effective immediately upon passage.
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PASSED AND ADOPTED this ~ day of January, 2008.
CITY OF BOYNTON BEACH, FLORIDA
ck~
1
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ATTEST:
Commissioner - Marlene Ross
<tn. p~
Ja t M. Prainito, CMC
'ty Clerk
RoB-OI~
AGREEMENT REGARDING
GROUP LIFE AND DISABILITY INSURANCE POLICIES
FOR THE EMPLOYEES OF THE CITY OF BOYNTON BEACH
UNDERWRITTEN BY LINCOLN NATIONAL LIFE
e
THIS AGREEMENT is made and entered into this q day of JCU\U.("~ ' 2001,
between the City of Boynton Beach ("CITY") and The LINCOLN NA TIO AL LIFE
INSURANCE COMPANY, successor to Jefferson Pilot Financial Insurance Company.
WIT N E SSE T H:
WHEREAS, on or about September 2, 2003, Jefferson Pilot Financial Insurance
Company agreed to issue its group life and disability insurance policies (the "Policies") to the
CITY for the benefit of employees of the CITY; and
WHEREAS, the Policies continue in full force and effect; and
WHEREAS, Jefferson Pilot merged with and into The Lincoln National Life Insurance
Company as of July 2, 2007; and
WHEREAS, the Parties acknowledge that this merger had no effect on the insurance
coverage, claims service or any other provisions of the Policies; and
WHEREAS, the CITY desires to execute this Agreement to acknowledge that the
provisions of the Policies, including all the CITY's rights and privileges, have been assumed by
THE LINCOLN NATIONAL LIFE INSURANCE COMPANY.
NOW, THEREFORE, for and in consideration of the mutual covenants and other good
and valuable consideration, the receipt of which are hereby acknowledged, the Parties hereto agree
as follows:
Section 1. That the recitations set forth above in the "WHEREAS" clauses of this
Agreement are true and correct and incorporated herein by this reference.
Section 2. That the Parties agree that the merger of Jefferson Pilot Financial Insurance
Company into THE LINCOLN NATIONAL LIFE INSURANCE COMPANY had no affect on the
rights and privileges of the Parties or the provisions contained in the Policies.
Section 3. Each person signing this Agreement on behalf of either party warrants that
he or she has full authority to do so on behalf of such party, and to bind and obligate such party
with respect to all provisions contained in this Agreement.
Section 4.
amended herein.
That the Policies shall remain in full force and effect except as specifically
-rl-f
IN WITNESS OF THE FOREGOING, the Parties have set their hands this S day of
~~ ,20(8. -
CITY OF BOYNTON BEACH
BY:
~
BY:
Name:
Title:
LIFE
Kurt Bressner, City Manager
Attest:
~. A ~
INITO, CITY CLERK
uthenticated:
Secretary
S:\CA\AGMTSVefferson Pilot. Lincoln National (Arnend.).doc