Common use of Limited Investment Direction Clause in Contracts

Limited Investment Direction. In general, an Account Owner, con- tributor, or designated beneficiary may not direct the investment of a Portfolio. However, once a Portfolio selection has been made at the time of enrollment, an Account Owner may change the investment selection up to two times per calendar year, and at any time with a change in the designated beneficiary of the Account. The ongoing money management is the responsibility of the Board. The Board has control over the Portfolio allocations and reserves the right to change them at its discretion.

Limited Investment Direction. In general, an Account Owner, con- tributorcontributor, or designated beneficiary may not direct the investment of a Portfolio. However, once a Portfolio selection has been made at the time of enrollment, an Account Owner may change the investment selection up to two times per calendar year, and at any time with a change in the designated beneficiary of the Account. The ongoing money management is the responsibility of the Board. The Board has control over the Portfolio allocations and reserves the right to change them at its discretion.

Limited Investment Direction. In general, an Account Owner, con- tributorcontribu- tor, or designated beneficiary may not direct the investment of a Portfolio. However, once a Portfolio selection has been made at the time of enrollment, an Account Owner may change the investment in- vestment selection up to two times per calendar year, and at any time with a change in the designated beneficiary of the Account. The ongoing money management man- agement is the responsibility of the Board. The Board has control over the Portfolio allocations and reserves the right to change them at its discretion.