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1. 6 Deferral : An amount credited to a Participant ' s <br /> Account by reason of the Participant ' s agreement to defer a <br /> portion of his or her salary or wages . <br /> 1 . 7 Deferral Acrreement : The agreement between <br /> an Employer and an Employee, including any amendments thereto, <br /> which specifies the amount of Deferrals to be made by the Employee . <br /> Each Deferral Agreement or amendment thereto shall be made or <br /> confirmed in writing under procedures established by the Board. <br /> 1 . 8 Eligible Deferred Compensation Plan: A plan main- <br /> tained by any employer that constitutes an "eligible deferred <br /> compensation plan" within the meaning of section 457 of the Code <br /> and that has at all relevant times included the deferral limita- <br /> tions set forth in section 457 (b) . <br /> 1 . 9 Employee : Any individual who is a common law <br /> employee of an Employer and is a member of PERS or for whom the <br /> Board is otherwise authorized to administer this Plan under the <br /> Government Code. <br /> 1 . 10 Employer : Any political subdivision of the State <br /> of California for which the Board is authorized to administer <br /> this Plan under the Government Code and that has become a <br /> participating employer under this Plan pursuant to Article II . <br /> Where required by the context, references to the Employer shall <br /> mean the current or former Employer of the Employee or <br /> Participant. <br /> 1 . 11 Fund: The Public Employees ' Deferred Compensation <br /> Fund that has been established as part of the Plan pursuant to <br /> section 21676 of the Government Code. For purposes of Section <br /> 8 . 1 of this Plan, the Fund shall not include the asset management <br />