Common use of Diversification of Investments Clause in Contracts

Diversification of Investments. (i) Each qualified participant in the plan may elect within (90) ninety days after the close of each calendar year in the qualified election period to direct the Trustees as to the investment of at least twenty-five percent (25%) of his or her account in the plan (to the extent such portion exceeds the amount to which a prior election under this paragraph applies). In the case of the election year in which the participant can make his or her last election, the preceeding sentence shall be applied by substituting "fifty percent (50%)" for "twenty-five percent (25%)". (ii) If a participant makes an election, the Trustees may either (a) distribute the portion of the participant's account covered by the election to him or her within ninety (90) days after the period during which the election may be made, or (b) offer at least three invest- ment options (not inconsistent with regulations prescribed by the Secretary of the Treasury) to each participant making an election. (iii) For purposes of this paragraph, the term "qualified participant" means any employee who has completed at least ten (10) years of participation under the plan and has attained age fifty-five (55).

Diversification of Investments. (i) Each qualified participant in the plan may elect within (90) ninety days after the close of each calendar year in the qualified election period to direct the Trustees as to the investment of at least twenty-five percent (25%) of his or her account in the plan (to the extent such portion exceeds the amount to which a prior election under this paragraph applies). In the case of the election year in which the participant can make his or her last election, the preceeding preceding sentence shall be applied by substituting "“fifty percent (50%)" ” for "“twenty-five percent (25%)"”. (ii) If a participant makes an election, the Trustees may either (a) distribute the portion of the participant's ’s account covered by the election to him or her within ninety (90) days after the period during which the election may be made, or (b) offer at least three invest- ment investment options (not inconsistent with regulations prescribed by the Secretary of the Treasury) to each participant making an election. (iii) For purposes of this paragraph, the term "“qualified participant" ” means any employee who has completed at least ten (10) years of participation under the plan and has attained age fifty-five (55).

Diversification of Investments. (i) Each qualified participant in the plan may elect within (90) ninety days after the close of each calendar year in the qualified election period to direct the Trustees as to the investment of at least twenty-five percent (25%) of his or her account in the plan (to the extent such portion exceeds the amount to which a prior election under this paragraph applies). In the case of the election year in which the participant can make his or her last election, the preceeding preceding sentence shall be applied by substituting "fifty percent (50%)" for "twenty-five percent (25%)". (ii) If a participant makes an election, the Trustees may either (a) distribute the portion of the participant's ’s account covered by the election to him or her within ninety (90) days after the period during which the election may be made, or (b) offer at least three invest- invest-ment options (not inconsistent with regulations prescribed by the Secretary of the Treasury) to each participant making an election. (iii) For purposes of this paragraph, the term "“qualified participant" ” means any employee who has completed at least ten (10) years of participation under the plan and has attained age fifty-five (55).

Diversification of Investments. (i) Each qualified participant in the plan may elect within (90) ninety days after the close of each calendar year in the qualified election period to direct the Trustees as to the investment of at least twenty-five percent (25%) of his or her account in the plan (to the extent such portion exceeds the amount to which a prior election under this paragraph applies). In the case of the election year in which the participant can make his or her last election, the preceeding sentence shall be applied by substituting "fifty percent (50%)" for "twenty-five percent (25%)". (ii) If a participant makes an election, the Trustees may either (a) distribute the portion of the participant's account covered by the election to him or her within ninety (90) days after the period during which the election may be made, or (b) offer at least three invest- invest-ment options (not inconsistent with regulations prescribed by the Secretary of the Treasury) to each participant making an election. (iii) For purposes of this paragraph, the term "qualified participant" means any employee who has completed at least ten (10) years of participation under the plan and has attained age fifty-five (55).