Investment of Deferred Compensation. The monies retained by the Board for each participant, in accordance with clause 3.1, including interest thereon (until paid out in accordance with clause 3.5) shall be pooled and shall be invested and reinvested as directed by the joint Committee in investments offered from time to time by an eligible financial institution. The monies retained shall be forwarded to the eligible financial Institution within fifteen (15) calendar days. The Joint committee shall choose such eligible financial institution and in making such determination, neither the Board, nor the union, or the members of the Joint Committee shall be liable to any participant for any investments made which are authorized by this clause.
Investment of Deferred Compensation. The funds withheld by the Company in accordance with section 3.1 from each participant’s salary or wages, together with income earned thereon from time to time (until paid out in accordance with this Plan), will be pooled with funds so withheld from time to time from other Participants and income thereon in a separate account established for the purpose by the Company with a Canadian chartered bank, and will be invested and reinvested by the Company in Qualified Investments.
Investment of Deferred Compensation. The monies retained by the Board for each participant, pursuant to Clause 19.3.a, including interest thereon (until paid out in accordance with Clause 19.3.e) shall be held in trust by a trustee appointed by the Board with the approval of the Union and invested in a Treasury Bill account or equivalent trust. The current appointed trustee is Concentra Trust. The terms of the appointment are as set out in the Trust Agreement. The monies retained shall be forwarded to the eligible financial institution within fifteen (15) calendar days of the deduction being made. Neither the Board nor the Union shall be liable to any participant for the losses incurred on, or loss of any investments/trust deposits made which are authorized by this agreement.
Investment of Deferred Compensation. 3.3. The monies retained by the Employer for each Participant, in accordance with clause 3.1, including interest thereon (until paid out in accordance with clause 3.4) shall be pooled and shall be invested and reinvested by the Employer in investments offered from time to time by an Eligible Investor. The committee shall choose such Eligible Investor and in making such determination the Employer, the Association and members of the Committee shall not be liable to any Participant for any investments made which are authorized by this clause. Non-Liability of Employer, Association and Committee
Investment of Deferred Compensation. The monies retained by the School Division for each Participant, in accordance with clause 3.1, including interest thereon (until paid out in accordance with clause 3.4) shall be pooled and shall be invested and reinvested by the School Division in investments offered from time to time by an Eligible Investor. The committee shall choose such Eligible Investor and in making such determination the School Division and members of the Committee shall not be liable to any Participant for any investments made which are authorized by this clause.
Investment of Deferred Compensation. The assets of the Plan shall be held in the Trust for the exclusive benefit of Participants and Beneficiaries, except that expenses and taxes may be paid from the Trust as provided in Section 8.6.
Investment of Deferred Compensation. A Trust described in Section 457(g) of the Code is hereby created to hold all the assets of the Plan for the exclusive benefit of Participants and Beneficiaries, except that expenses and taxes may be paid from the Trust as provided in Section 6.03. The trustee shall be the Employer or such other person that agrees with the consent of the Employer to act in that capacity hereunder.
Investment of Deferred Compensation. Not later than April 3 of the 2014 through 2018 calendar years, the Employer shall invest an amount equal to one-third of the Employee’s salary as defined in Employee’s employment contract in an individual account in the name of the Employee, and to be invested therein at the direction and control of (check one): [ ] the Employee, [X] the Employer. Such amount, including any income gains, losses, or increases or decreases in market value attributable to the investment of such amount in VantageTrust, shall constitute the “Deferred Compensation” under this Agreement. No part of the corpus or income of any assets invested by the Employer in VantageTrust shall be used for, or diverted to, purposes other than for the exclusive benefit of the Employee or the Employee’s beneficiary to provide benefits to the Employee as described herein.
Investment of Deferred Compensation
