Participants’ Ability to Direct Investments. Participants shall have the ability to choose their investment allocations and to make participant-directed transfers between investment options, subject to any limitations of the Plan and of the Contractor’s investment product.
Participants’ Ability to Direct Investments. Participants shall have the ability to choose their investment allocations and to make participant-directed transfers between investment options, subject to any limitations of the Plan and of the Contractor’s investment product. If the Plan is or becomes subject to ERISA, or is otherwise employer- controlled, the Plan Sponsor hereby provides written direction to the Contractor allowing participants to make such investment choices, subject to the Plan Sponsor’s right to revoke this authorization if allowed by the Plan. If this agreement covers a 403(b) Plan, the Plan Sponsor authorizes the Contractor to accept participant initiated exchanges between the 403(b)(1) annuity contract and the 403(b)(7) custodial account, or vice versa.
