Common use of Investments, Gains and Losses Clause in Contracts

Investments, Gains and Losses. (a) As applicable, a Participant may change his or her selection of Investment Funds no more than six (6) times each Plan Year with respect to his or her Account by filing a new election in accordance with procedures established by the Administrator. An election shall be effective as soon as administratively feasible following the date the change is submitted on a form prescribed by the Administrator. (b) Notwithstanding the foregoing, any Stock Units shall be deemed to be invested in Shares at all times.

Appears in 5 contracts

Samples: Nonqualified Deferred Compensation Plan Agreement (Uwharrie Capital Corp), Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp), Nonqualified Deferred Compensation Plan (Uwharrie Capital Corp)

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