Stable Value Fund Sample Clauses
Stable Value Fund. Contractor shall serve as recordkeeper and provide accounting and other administrative functions for the Stable Value Fund, one of the Authorized Investment Options under the Plan. County hereby instructs Contractor to create and administer the Stable Value Fund for use by the Plan as set and approved by County in accordance with the Stable Value Fund Operating Document mutually agreed to by the parties. The Parties hereby agree that the Stable Value Fund Operating Document may be updated from time to time by the Parties as mutually agreed to in writing. The Parties agree that the following shall apply to the Stable Value Fund investment option. The County represents and warrants to Contractor that the Plan and the Stable Value Fund (stable value fund-of-funds) offered under the Plan are each exempt from the registration requirements under the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940, each as amended, and have been and will be operated in compliance with all applicable federal securities laws. The County has not relied on any communication (written or oral) of Contractor (or its representatives) as legal, investment, tax, or accounting advice or as a recommendation to selection any investment option.
Stable Value Fund. For a Participant hired on or after January 1, 2006, who does not make an Investment Election, such Participant’s Election will be deemed to be 100% in the Lifestyle Investment Option for the retirement year closest to the year in which such Participant shall attain Normal Retirement Age. Effective January 10, 2005, Employees who were participants in the 40(k) plan sponsored by Central Investment Corporation (“CIC”) shall become Participants in the Plan, subject to the provisions in this Appendix 2.01(f). Notwithstanding any provision in the Plan to the contrary, the non-union employees of CIC (“CIC Employees”) shall participate in the Plan subject to all the terms and conditions of the Plan, except as provided below:
Stable Value Fund. For a Participant hired on or after January 1, 2006, who does not make an Investment Election, such Participant’s Election will be deemed to be 100% in the Lifestyle Investment Option for the retirement year closest to the year in which such Participant shall attain Normal Retirement Age.
Stable Value Fund. Exchanges Between Mutual Funds/Commingled Pools and the Stable Value Fund Participants who wish to exchange between a mutual fund or commingled pool and the Stable Value Fund may call on any business day. If the request is confirmed before 4:00 p.m. (ET), it will receive that day's trade date. Requests confirmed after 4:00 p.m. (ET) will be processed on a next business day basis.
Stable Value Fund. The Stable Value Fund’s objective is to provide maximum current income consistent with the preservation of principal value.