Change of Investments. Subject to any minimum investment requirement applicable to a Fund, the Employee (or his or her Beneficiary, if the Employee is deceased) may at any time direct the Custodian to redeem all or a specified portion of the shares of a Fund in the Employee's Account and to invest the net redemption proceeds in shares and fractional shares of one or more other Funds. The Employee (or Beneficiary) will give such directions by written notice acceptable to the Custodian, and the Custodian will process such directions as soon as practicable after receipt thereof. If any such directions are incomplete or ambiguous in the judgment of the Custodian or otherwise not in good order, the Custodian will refrain from carrying out any transactions until such incompleteness or ambiguity or other defect has been resolved to its satisfaction, without liability for any loss or change in investment values of Fund shares which occur pending the resolution of such incompleteness or ambiguity. Any sales or redemption fee or other charge payable in connection with any redemption will be paid from the Employee's Account. In the event that any Fund held in the Employee’s Account is liquidated or is otherwise made unavailable by the sponsor or Fund Distributor of such Fund as a permissible investment for the Account hereunder, the liquidation or other proceeds of such Fund shall be invested in accordance with the instructions of the Employee; if the Employee does not give such instructions, or if such instructions are unclear or incomplete in the opinion of the Custodian, the Custodian may invest such liquidation or other proceeds in such other Fund (including a money market fund if available) as the sponsor or Fund Distributor designates, and the Custodian will have no responsibility for such investment.
Change of Investments. An Employee or his designated beneficiary or beneficiaries who has (have) survived the Employee and to whom distributions are being made (by unanimous agreement if there is more than one beneficiary) may direct in writing (or by any other manner of direction designated by Xxxxxxx Fund Distributors, Inc.) that the investment medium of the Accout be changed to stock of another Regulated Investment Company or Companies. However, if Xxxxxxx Fund Distributors, Inc. determines in its own judgment that there has been trading within the Account, any Regulated Investment Company may refuse to sell its shares to such Account. If the Employee's Account is invested in stock of more than one Regulated Investment Company, a separate account shall be kept with respect to the stock of each such Company, and he or they may designate the portion of any new contribution, withdrawal, or change of investment which is to be allocated to each such separate account.
Change of Investments. An Employee or his designated beneficiary or beneficiaries who has (have) survived the Employee and to whom distributions are being made (by unanimous agreement if there is more than one beneficiary) may direct that the investment medium of the Account or any portion thereof be changed to stock of another Regulated Investment Company or Companies which have been selected by the Employer as permitted investments under Section VII of the Employer Adoption Agreement. If the Employer determines in Section VIII of the Employer Adoption Agreement that such changes in the investment medium of the Account are to be made by such directions given to the Plan Administrator, such directions shall be given in writing by the Employee or by the Employee's said designated beneficiary or beneficiaries to the Administrator who shall instruct the Custodian in writing as to any such directed changes, and any such investment changes may be made at such times as are determined from time to time by the Employer in a uniform and nondiscriminatory manner with respect to all Employees. If the Employer determines in Section VIII of the Employer Adoption Agreement that such changes in the investment medium of the Account are to be made by such directions to be given directly to the Custodian, such directions shall be given by the Employee or by the Employee's said designated beneficiary or beneficiaries directly to the Custodian, either in writing or by any other manner of direction designated from time to time by the Employer in a uniform and nondiscriminatory manner with respect to all Employees, and such investment changes may be made at any time or times. However, if Xxxxxxx Fund Distributors, Inc. determines in its own judgment that there has been trading within the Account, any Regulated Investment Company may refuse to sell its shares to such Account. If the Employee's Account invested in stock of more than one Regulated Investment Company, a separate account shall be kept with respect to the stock of each such Company, and he or they may designate the portion of any new Contribution, withdrawal, or change of investment which is to be allocated to each such separate account. The provisions of this Part F of Article IV are subject to the provisions of Part G of this Article IV.
