Participant-Directed Brokerage Accounts. The Trustee shall, if so directed by the Company segregate all or a portion of the Trust Fund held by it into one or more separate investment accounts to be known as Participant Directed Brokerage Accounts. Whenever a Participant is directing the investment and reinvestment of a Participant Directed Brokerage Account, the Participant shall have the powers and duties which an Investment Manager would have under this Trust Agreement if an Investment Manager were then serving and the Trustee shall be protected to the same extent as it would be protected under this Trust Agreement as to directions or the absence of directions of an Investment Manager. Participant shall be entitled to give orders directly to the broker for the purchases and sale of securities as defined in Section 7 of this Agreement. The broker shall provide confirmation of each order to the Administrator or Recordkeeper which shall maintain records in such form as to satisfy reporting requirements of the Plan.
Participant-Directed Brokerage Accounts. Trustee shall, if so directed by the Administrator, segregate all or a portion of one or more Accounts held in a Fund into one or more separate participant-directed brokerage accounts (each a “Participant-Directed Brokerage Account”). Participant-Directed Broker Accounts may be invested by a Participant in investments selected solely by the Participant, subject to such limitations as may be determined by the Board from time to time, and not solely among the eligible investments otherwise applicable to Participant Accounts. The Board shall communicate any such limitations in writing to the Trustee. The Trustee, either directly or through its agent or affiliate prudently selected by Trustee and approved by the Board, shall invest and reinvest the assets of each such Participant-Directed Brokerage Account solely in accordance with the written directions of the Participant. Trustee shall be fully protected in relying upon the direction of the Participant as provided in Section 2.6 of this Agreement.
Participant-Directed Brokerage Accounts. 9 3.3 Company Managed Stock Investment Accounts. . . . . . . . . . . . . . . . 9 3.4 Company Managed Investment Accounts . . . 10 3.5
Participant-Directed Brokerage Accounts. A Participant or Beneficiary shall exercise all voting, tender or exchange rights, any conversion privileges, subscription rights and any other rights and powers available in connection with any securities held in his or her Participant-Directed Brokerage Account."
Participant-Directed Brokerage Accounts. The Trustee shall, if so directed by the Committee, segregate all or a portion of the Trust Fund held by it into one or more separate investment accounts to be known as "Participant Directed Brokerage Accounts." Each participant shall be entitled to give orders directly to the broker for the purchase and sale of securities. The broker shall provide confirmation of each order to the Recordkeeper which shall maintain all participant level accounts and records so as to satisfy the reporting requirements of the Plan. The Recordkeeper shall provide to the Trustee all information reasonably required by the Trustee to fulfill its accounting and reporting obligations with respect to assets held in the Participant Directed Brokerage Accounts.
