The Oklahoma Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document that outlines the establishment of a trust between Polaris Industries, Inc. (the "Company") and Fidelity Management Trust Co. (the "Trustee"). This trust agreement is specifically designed to govern the management and administration of the Company's 401(k) retirement savings plan. The trust agreement serves as a binding contract that outlines the rights and responsibilities of both parties involved. It sets forth the rules and regulations regarding the handling of contributions made by employees, the investment and management of plan assets, and the distribution of benefits to plan participants upon retirement or termination. The establishment of the Oklahoma Polaris 401(k) Retirement Savings Plan Trust Agreement ensures that employees' retirement savings are managed diligently and in compliance with applicable laws and regulations. Through this agreement, the Company delegates the responsibility of managing the plan's investments to Fidelity Management Trust Co., a trusted financial institution with expertise in the field. Under the trust agreement, there may be various types or provisions that cater to specific aspects or requirements of the Oklahoma Polaris 401(k) Retirement Savings Plan. These could include: 1. Vesting Provisions: This provision outlines the criteria and timeline for employees to become fully vested in their employer contributions. It defines the percentage of employer contributions that employees are entitled to keep if they leave the company before completing a certain number of years of service. 2. Contribution Limits: The trust agreement may specify the maximum amount that employees can contribute to their 401(k) plan each year, in accordance with applicable tax laws and regulations. It may also address any rules regarding catch-up contributions for participants aged 50 and above. 3. Investment Options: The trust agreement may provide a list of investment options available to plan participants. These options could include a range of mutual funds, index funds, bonds, or company stock, among others. It may also outline any restrictions or guidelines regarding investment diversification or changes. 4. Distribution Rules: This provision lays out the guidelines for the distribution of retirement benefits to plan participants. It may specify the options available for receiving benefits, such as lump-sum payments, annuities, or installment payments. It may also define the events that trigger distributions, such as retirement, disability, or termination of employment. 5. Amendment and Termination: The trust agreement may stipulate the conditions and procedures for amending or terminating the Oklahoma Polaris 401(k) Retirement Savings Plan. This could include obtaining the consent of both parties involved or following a specific timeline for changes to be implemented. The Oklahoma Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. provides a comprehensive framework for the proper administration and management of the Company's retirement savings plan. By establishing this trust, employees can have confidence that their retirement funds are safeguarded and managed in their best interests.