Common use of Deferred Retirement Option Plan Clause in Contracts

Deferred Retirement Option Plan. (DROP) Employees in the bargaining unit are eligible for the DROP program in accordance with the terms of the County of San Xxxx Obispo Employees’ Retirement Plan. DSA shall defend, indemnify and save harmless the County of San Xxxx Obispo and the Pension Trust, its officers, agents and employees from any and all claims, demands, damages, costs, expenses, or liability, including, but not limited to, liability for back taxes, and all claims of any type by the Internal Revenue Service, the California Franchise Tax Board, unit members, or their heirs, successors, or assigns, arising out of this Agreement to implement the Deferred Retirement Option Plan (DROP).