Common use of Purchases and Sales from or to Sponsor Clause in Contracts

Purchases and Sales from or to Sponsor. If directed by the Sponsor in writing prior to the trading date, the Trustee may purchase or sell HEI Common Stock from or to the Sponsor if the purchase or sale is for adequate consideration (within the meaning of Section 3(18) of ERISA) and no commission is charged. If Sponsor contributions (employer) or contributions made by the Sponsor on behalf of the Participants (employee) under the Plan are to be invested in HEI Common Stock, the Sponsor may transfer HEI Common Stock in lieu of cash to the Plan’s trust. In either case, the number of shares to be transferred will be determined by dividing the total amount of HEI Common Stock to be purchased or sold by the Closing Price on the trading date. No fractional shares will be purchased or sold.

Purchases and Sales from or to Sponsor. If directed by the -------------------------------------- Sponsor or PIC in writing prior to the trading date, the Trustee may purchase or sell HEI Common Stock common stock from or to the Sponsor if the purchase or sale is for adequate consideration (within the meaning of Section 3(18) of ERISA) and no commission is charged. If Sponsor contributions (employer) or contributions made by the Sponsor on behalf of the Participants (employee) participants under the Plan are to be invested in the HEI Common StockStock Fund, the Sponsor may transfer HEI Common Stock common stock in lieu of cash to the Plan’s trustTrust. In either case, the number of shares to be transferred will be determined by dividing the total amount of HEI Common Stock common stock to be purchased or sold by the Closing Price closing price of the HEI common stock on the New York Stock Exchange on the trading date. No fractional shares will be purchased or sold, rounded up to the nearest whole share.

Purchases and Sales from or to Sponsor. If directed by the Sponsor in writing prior to the trading date, the Trustee may purchase or sell HEI Common Stock common stock from or to the Sponsor if the purchase or sale is for adequate consideration (within the meaning of Section section 3(18) of ERISA) and no commission is charged. If Sponsor contributions (employer) or contributions made by the Sponsor on behalf of the Participants (employee) under the Plan are to be invested in HEI Common Stockcommon stock, the Sponsor may transfer HEI Common Stock common stock in lieu of cash to the Plan’s trustTrust. In either case, the number of shares to be transferred will be determined by dividing the total amount of HEI Common Stock common stock to be purchased or sold by the Closing Price on the trading date. No fractional shares will be purchased or sold.