Common use of Investment of Deferred Compensation Clause in Contracts

Investment of Deferred Compensation. 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 Employer Board 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 Board in investments offered from time to time by an Eligible Investor. The committee shall choose such Eligible Investor and in making such determination the EmployerBoard, 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 Non -Liability of EmployerBoard, Association and Committee