Participant-Directed Investments. All contributions to the Account shall be invested and reinvested by the Custodian exclusively in shares of one or more of the Funds as directed by the Participant or Plan Administrator. The Plan Administrator may prescribe the form and manner in which such investment directions by the Participant shall be given. In making any investment of the assets of the Account, the Plan Administrator shall be fully entitled to rely on the directions properly furnished to it by the Participant and shall be under no duty to make any inquiry or investigation with respect thereto. The Participant or Plan Administrator shall provide such instructions to the Master Custodial Administration Agreement Administrator, who shall timely and accurately communicate such instructions to the Custodian on behalf of the Plan Administrator.
Participant-Directed Investments. (Plan Section 4.10)
a. [ ] Participant directed investments are NOT permitted.
b. [ ] Participant directed investments are permitted.
c. [ ] No.
d. [ ] Yes.
Participant-Directed Investments. For so long as Plan Participants or their beneficiaries may direct investments, the Trustee will invest the Trust Fund pursuant to the terms of the Plan and the investment directions of Plan Participants or their beneficiaries. Each Participant or beneficiary shall convey investment instructions to the Committee or the Committee’s designee who, in either case, shall transmit those instructions promptly to the Trustee in writing. The Trustee may agree to accept investment instructions from the Plan’s record keeper. Implementation of ERISA Section 404(c) shall not impose any greater duties upon the Trustee than those duties expressly provided for in written procedures adopted by the Committee and agreed to in writing by the Trustee.
Participant-Directed Investments. If, while, and to the extent that a Participant exercises control with the meaning of Section 404(c) of ERISA over the assets in his 401(k) Account by an election under Article IV(K-1) or (L), such Participant shall not be deemed to be a Fiduciary by reason of such exercise; and no Person who is otherwise a Fiduciary shall be liable under Title I, Subtitle B, Part 4, of ERISA (or comparable provisions of this Agreement) for any loss, or by reason of any breach, which results from such Participant's exercise of control.
Participant-Directed Investments. (a) If the Employer elects in the Adoption Agreement to permit Participants to direct the investment of their respective Accounts, each Participant may direct the investment of all or any portion of his or her Accounts in accordance with the rules of Section 10.02(b) below. At the discretion of the Employer, the Employer may select a limited number of investment options in which a Participant may direct the investment of all or a portion of his or her Participant Account, as provided in Section 10.02(c) below, or the Employer may permit each Participant to direct the investment of all or a portion of his or her Participant Account as the Participant deems appropriate. To the extent so directed, and to the extent provided in Section 404 of ERISA, the Trustee is relieved of its fiduciary responsibilities as provided therein. That portion of the Account of any Participant so directing shall be considered an earmarked investment account which shall not share in Trust Fund earnings, as provided in Section 10.01(b) above, but shall be charged or credited as appropriate with the net earning, gains, losses and expenses as well as appreciations or depreciations in market value during each Plan Year attributable to such account, as provided in Section 10.02(e).
(b) To direct the Trustee with respect to the investment of all or a portion of his or her Account, the Participant shall provide written directions to the Employer in such form as the Employer and the Trustee may require concerning the investment of the Participant's earmarked investment account, which directions shall be followed by the Employer in directing the Trustee as to the investment of the earmarked investment account Neither the Trustee in any other persons, including the Employer, shall be under any duty to question any such direction of the Participant or to review any securities or other property, real or personal, or to make any suggestions to the Participant in connection therewith, and the Trustee shall comply as promptly as practicable with directions given by the Participant hereunder. Any such direction may be of a continuing nature or otherwise and may be revoked by the Participant at any time in such form as the Trustee may require. The Trustee shall not be responsible or liable for any loss or expense which may arise from or result from compliance with any directions from the Participant nor shall the Trustee be responsible for, or liable for, any loss or expense which may result from t...
Participant-Directed Investments a. ☒ Participants may direct investment of a portion or all of their Accounts i ☒ Plan is intended to comply with ERISA Section 404(c) ii Available Investments. Except as may be elected in Section 23.3, regarding Employer stock, and Section 23.2, regarding self-directed brokerage funds, Investment Funds available for Participant-directed investment are selected by the Investment Fiduciary iii ☐ Investment Fiduciary directs investment of the following Sub-Accounts: iv Change Investment Elections. Investment changes that are timely received in accordance with established procedures will be initiated as of the business day they are received by the Administrator (or its delegate) or the next following business day. v Failure to Direct Investments. If Participant fails to direct investments, his Account will be invested in the following Investment Fund(s): X. Xxxx Xrice Retirement Fund with the target date closest to the year in which Participant turns 65
Participant-Directed Investments. To the extent participants are permitted under the plan to direct the investment of some or all of their accounts, the following shall apply in addition to the applicable plan provisions. Each participant shall direct the trustee through the plan administrator in writing with respect to the investment and reinvestment of the accounts held under the plan that are subject to the participant's investment directions (the "directed investment account"). Each participant shall specify in accordance with and at the times specified in the plan the investment fund or combination of funds in which the directed investment account is to be invested and such specification shall continue to apply until subsequent directions are received by the trustee from the plan administrator. Investment directions shall be executed by the trustee as soon as practicable after the date for which they are intended and upon their receipt by the plan administrator. To the extent the plan administrator and the plan permit participants to communicate directly with the trustee regarding investment directions, the trustee shall invest in the Investment Funds in accordance with investment directions given by the participants and beneficiaries for whose accounts such assets are held, to the extent so provided for in the plan and in accordance with procedures established by the plan administrator, with the concurrence of the trustee, for the communication of investment directions from participants and beneficiaries to the trustee. Any other provisions of this Trust Agreement or the plan notwithstanding, none of the company, the plan administrator, the trustee, or any other person who is otherwise a fiduciary with respect to the plan shall incur any liability to anyone for any loss or expense sustained by any participant's account because of any asset acquired, retained or disposed of by the trustee or any other actions taken by the trustee in accordance with the investment directions given by a participant or beneficiary pursuant to the plan. In the absence of investment elections from a participant or beneficiary, the plan administrator shall instruct the trustee regarding the investment of such accounts.
Participant-Directed Investments. A. Permissibility of participant directed investments (8. 1): [Select one. If option (3) is selected, complete option (3) as instructed.]
(1) Each participant shall not be permitted to direct the investment or reinvestment of any portion of his account. [If the above option is selected, do not complete the remaining questions in this item XIV.]
(2) Each participant shall be permitted to direct the investment and reinvestment of his entire account among the directed investment funds, including, if elected by the Employer in item XV below, the Employer stock fund. [If the above option is selected, please complete the remaining questions in this item XIV. See item XV below for an election to permit directed investments in Employer stock.]
Participant-Directed Investments. If so specified in Section 17.01 of the Adoption Agreement, each Participant may direct the Trustee to invest amounts allocated to his Accounts in Policies of life insurance. Provided, however, that amounts allocated to a Participant's Tax Deductible Contribution Account may not be invested in such Policies. Any such investment shall be subject to the restrictions on payment of life insurance premiums described in Section 2.36 and shall also be subject to the rules and requirements of Article XVII. Neither the Trustee nor any other person, including the Plan Administrator, shall be under any duty to question any such direction of the Participant or to make any suggestions to the Participant in connection therewith, and the Trustee shall comply as promptly as practicable with directions given by the Participant hereunder. Any such direction may be of a continuing nature or otherwise and may be revoked by the Participant at any time in such form as the Trustee may require. The Trustee shall not be responsible or liable for any loss or expense which may arise from or result from compliance with any directions from the Participant nor shall the Trustee be responsible for, or liable for, any loss or expense which may result from the Trustee's refusal or failure to comply with any directions from the Participant. The Trustee may refuse to comply with any direction from the Participant in the event the Trustee, in its sole and absolute discretion, deems such directions improper by virtue of applicable law. Any costs and expenses related to compliance with the Participant's directions shall be borne by the appropriate Account of the Participant.
Participant-Directed Investments. Unless otherwise indicated in the Adoption Agreement or in separate procedures, and except as otherwise required in an Investment Arrangement, each Participant shall have the exclusive right, in accordance with the provisions of the Plan, to direct the investment of all or a portion of the amounts allocated to the separate Accounts of the Participant under the Plan. (A reference to Participant under this Section 10.07 also applies to any Beneficiary or Alternate Payee eligible to direct investments under the Plan.)
