Common use of Change of Investments Clause in Contracts

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.

Change of Investments. Subject to any minimum investment requirement applicable applica- ble 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 ’s Account and to invest the net redemption proceeds in shares and fractional shares of one or more other Funds.