Election of Investments Sample Clauses

Election of Investments. 20 ARTICLE VI
Sample 1
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Election of Investments. (a) Each Participant shall have the right to elect the manner of investment of the amounts standing to the credit of his accounts among the Investment Funds established under the Trust. By such election, the Participant shall direct the portion (in whole percentages) of the aggregate amount then credited, and/or thereafter to be credited, to his accounts which is to be invested by the Trustees in each of the Investment Funds. The Committee shall maintain records of account at all times adequately reflecting each Participant's interest in each of the Investment Funds. The Committee may establish such procedures, forms, minimum investment amounts or other limitations with respect to investment elections, as it may deem necessary or advisable for the orderly administration of the Plan. (b) Each Participant may, at such time or times and in such manner as the Committee determines on a uniform basis for all Participants, elect to change his investment
Sample 1
Election of Investments. (a) The Plan is intended to be interpreted consistent with the requirements of Section 404(c) of ERISA and the regulations pursuant thereto. Each Participant shall have the right to elect the manner of investment of the amounts standing to the credit of his Self-Directed Account among the Investment Media established under the Trust. The non-vested portion of the Matching Contribution shall be invested by the Trustees. The Trustees shall maintain separate records for Participant directed investments. Earnings or losses on such investments shall be allocated solely to the Accounts of the Participant who directed the investments. (b) The Company, the Committee and the Trustees shall have no responsibility for the investment elections of the Participants and shall incur no liability on account of investing the assets of the Trust in accordance with such directions. (c) For purposes of this Section 5.09, all references to a Participant shall include a former Participant and the Beneficiary of a deceased Participant to the extent that such former Participant or Beneficiary has an interest under the Trust. LIMITATIONS ON CONTRIBUTIONS AND ALLOCATIONS
Sample 1
Election of Investments. (a) Each Participant shall have the right to elect the manner of investment of the amounts standing to the credit of his accounts among the Investment Media established under the Trust. By such election, the Participant shall direct the portion of the aggregate amount then credited, and/or thereafter to be credited, to his accounts which is to be invested by the Trustees in each of the Investment Media. The Committee shall maintain records of account at all times adequately reflecting each Participant's interest in each of the Investment Media. The Committee may establish such procedures, forms, minimum investment amounts or other limitations with respect to investment elections, including without limitation special rules to be applicable only to Self-Directed Accounts, as it may deem necessary or advisable for the orderly administration of the Plan. (b) Each Participant may revoke his investment election as to any amounts then standing in his accounts and may make a new investment election in accordance with this Section 5.08 on a daily basis. In the event that such a new election causes a transfer of assets from one Investment Media to another, the transfer shall be made by the Trustees as soon as reasonably possible thereafter. (c) To make or change an investment election, each Participant shall give notice to the Committee, by use of the investment direction system maintained for such purposes by the Committee or its agent. To be effective, such an investment election must be in accordance with any and all rules and regulations established by the Committee for this purpose. Any direction made by a Participant using the investment direction system maintained by the Committee or its agent shall be treated as a direction made pursuant to Section 404(c) of ERISA. (d) If, at any time, there shall be no investment election in effect with respect to any amount credited to a Participant's accounts, the Committee shall direct the Trustees to invest all such amounts in such one or more of the Investment Media as the Committee shall, in its sole discretion, select on a uniform basis for all such Participants. (e) The Company, the Committee and the Trustees shall have no responsibility for the investment elections of the Participants and shall incur no liability on account of investing the assets of the Trust in accordance with such directions. (f) For purposes of this Section 5.08, all references to a Participant shall include a former Participant and the Benefic...
Sample 1

Related to Election of Investments

  • Termination of Investment The obligation of the Investor to make an Advance to the Company pursuant to this Agreement shall terminate permanently (including with respect to an Advance Date that has not yet occurred) in the event that (i) there shall occur any stop order or suspension of the effectiveness of the Registration Statement for an aggregate of fifty (50) Trading Days, other than due to the acts of the Investor, during the Commitment Period, and (ii) the Company shall at any time fail materially to comply with the requirements of Article VI and such failure is not cured within thirty (30) days after receipt of written notice from the Investor, provided, however, that this termination provision shall not apply to any period commencing upon the filing of a post-effective amendment to such Registration Statement and ending upon the date on which such post effective amendment is declared effective by the SEC.

  • Promotion of Investments 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and shall accept such investments in accordance with its legislation. 2. In particular, each Contracting Party shall authorize the conclusion and the fulfilment of licence contracts and commercial, administrative or technical assistance agreements, as far as these activities are in connection with such investments.

  • Protection of Investments 1. All investments made by investors of either Contracting Party shall enjoy, in the territory of the other contracting party fair and equitable treatment. 2. Subject to the measures necessary for the maintenance of public order, such investments will enjoy a constant protection and security, excluding any unjustified or discriminatory measure which could adversely affect, in law or in fact, management, maintenance, use, enjoyment or disposal of such investments.

  • Promotion of Investment Member States shall cooperate in increasing awareness of ASEAN as an integrated investment area in order to increase foreign investment into ASEAN and intra-ASEAN investments through, among others: (a) encouraging the growth and development of ASEAN small and medium enterprises and multinational enterprises; (b) enhancing industrial complementation and production networks among multi-national enterprises in ASEAN; (c) organising investment missions that focus on developing regional clusters and production networks; (d) organising and supporting the organisation of various briefings and seminars on investment opportunities and on investment laws, regulations and policies; and (e) conducting exchanges on other issues of mutual concern relating to investment promotion.

  • Registration of Investments Domestic investments held by the Custodian (other than bearer securities) shall be registered in the name of the Fund or in the name of any nominee of the Fund or of any nominee of the Custodian which nominee shall be assigned exclusively to the Fund, unless the Fund has authorized in writing the appointment of a nominee to be used in common with other registered investment companies having the same investment adviser as the Fund, or in the name or nominee name of any agent appointed pursuant to Section 2.8 or in the name or nominee name of any sub- custodian appointed pursuant to Section 1. All securities accepted by the Custodian on behalf of the Fund under the terms of this Agreement shall be in good deliverable form. If, however, the Fund directs the Custodian to maintain securities in “street name”, the Custodian shall utilize its best efforts only to timely collect income due the Fund on such securities and to notify the Fund of relevant corporate actions including, without limitation, pendency of calls, maturities, tender or exchange offers.

  • Sale of Investments Pursuant to Instruction, Investments sold for the account of the Fund shall be delivered (a) against payment therefor in cash, by check or by bank wire transfer, (b) by credit to the account of the Custodian or the applicable Subcustodian, as the case may be, with a Clearing Corporation or a Securities Depository (in accordance with the rules of such Securities Depository or such Clearing Corporation), or (c) otherwise in accordance with an Instruction, Applicable Law, generally accepted trade practices, or the terms of the instrument representing such Investment.

  • Promotion and Protection of Investments 1. Each Contracting Party shall in accordance with its laws and regulations promote, create favorable conditions for investments by investors of the other Contracting Party and admit such investments. 2. Each Contracting Parly shall at all times accord in its territory to investments of investors of the other Contracting Party fair and equitable treatment and full and constant protection and security. 3. Each Contracting Party shall not impair by unreasonable, arbitrary or discriminatory measures the management, maintenance, use, enjoyment, acquisition or disposal of investments in its territory of investors of the other Contracting Xxxxx.

  • Repatriation of Investment and Returns (1) Each Contracting Party shall permit all funds of an investor of the other Contracting Party related to an investment in its territory to be freely transferred, without unreasonable delay and on a nondiscriminatory basis. Such funds may include: (a) Capital and additional capital amounts used to maintain and increase investments; (b) Net operating profits including dividends and interest in proportion to their shareholdings; (c) Repayments of any loan including interest thereon, relating to the investment; (d) Payment of royalties and services fees relating to the investment; (e) Proceeds from sales of their shares; (f) Proceeds received by investors in case of sale or partial sale or liquidation; (g) The earnings of citizens/nationals of one Contracting Party who work in connection with investment in the territory of the other Contracting Party. (2) Nothing in paragraph (1) of this Article shall affect the transfer of any compensation under Article 6 of this Agreement. (3) Unless otherwise agreed to between the parties, currency transfer under paragraph (1) of this Article shall be permitted in the currency of the original Investment or any other convertible currency. Such transfer shall be made at the prevailing market rate of exchange on the date of transfer.

  • Promotion and Admission of Investments (1) Each Contracting Party shall, according to its laws and regulations, promote and admit investments by investors of the other Contracting Party. (2) Any alteration of the form in which assets are invested or reinvested shall not affect their character as an investment provided that such alteration is in accordance with the laws and regulations of the Contracting Party in whose territory the investment was made.

  • Cancellation of Indebtedness No Credit Party shall cancel any claim or debt owing to it, except for reasonable consideration negotiated on an arm’s-length basis and in the ordinary course of its business consistent with past practices.

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