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any such plan or system�. Noth�iinig contained in this Plan shall' be <br />deemed to constitute an emipl�oy,men�t contract or agreement <br />between any Participant and the Employer or to give any <br />Participant the right to be retained in the em plloy of the Employer. <br />Nor shalil anything herein be coinstru ed to modify the ter,mms of any <br />employment contract or agreement between a Pla,rticipiant and the <br />Employer. <br />X AMENDMENT OR TERMINATION OF PLAN <br />X1. APPLICABLE LAA <br />This Pillan shall be construed under the lawsi of the state where <br />the Employer is loca,ted and is estabilshed with the Intent that it <br />meet, the requirements of an, "eligible Statedeferred Compensation <br />Mlain III under section 457 of the InternaJ Revenue Coide of 1954, as <br />amended. The provislo ns of this Plan shal I be interpreted wherever <br />possible in conformity with the requirements, of that section. <br />K.41 MKO4 0116-14MR163 Z VIULFU�F; <br />The m as cu I i n e p ro no, u n, wheineiver, u�s ed h eirein, s h�al I i ncil u de t h.!; <br />fem in ine pronou n, and the singular shall include the pillural excepI <br />where the context requires otherwise. <br />