Participant's Rights to Periodic Reallocation of Accounts Sample Clauses

Participant's Rights to Periodic Reallocation of Accounts. As of each Entry Date and as of any more frequent intervals designated by the Committee (including intervals as frequently as daily), each Participant shall be entitled to direct the Trustee in accordance with procedures established by the Committee to reallocate all or a portion of his Accounts so that, as of the date of such reallocation, specified percentages (in multiples to be designated by the Committee) of his Accounts shall be invested in one or more of the Investment Funds. Upon receipt of timely instructions from the Committee (which shall be consistent with the directions of Participants desiring allocation or reallocation), or upon timely telephone calls from Participants if permitted by the Committee, the Trustee shall invest or reinvest such portions of the Accounts of Participants thus directing allocation or reallocation as will (immediately following such investment or reinvestment) result in the Accounts of each such Participant being invested in the Investment Funds substantially in accordance with the directions of each such Participant. However, no transfers between Investment Funds shall be permitted if prohibited by the rules applicable to the particular Investment Fund from or to which a transfer is to be made or by rules adopted by the Committee and communicated to the Participants.
Sample 1
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Related to Participant's Rights to Periodic Reallocation of Accounts

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