Investment Committee to Approve Admission of a Participation and Contributions. The Investment Committee shall have discretion to accept or decline the participation of any proposed Participant in the Fund, and to condition participation on the execution of a participation agreement or on such other terms as the Committee shall determine. The Committee may decline to accept any property proposed to be contributed to the Fund in kind. Any Participation by a trustee shall be made in the Fund only if the instrument establishing the trust gives the trustee discretion as to investments or if investment in the Fund is expressly permitted or is not forbidden.
