Examples of Benefit Plan Investors in a sentence
In June 2009, Slovenia presented its written follow-up report about implementation of the Recommendations adopted by the Working Group on Bribery during Phase 2 examination in 2007.
As such, no Benefit Plan Investors will be permitted to subscribe for, or otherwise own, Shares as provided for in section 10.3 “Ownership Restrictions” of the Prospectus.
The Company may reject in their discretion any application for Shares by or any transfer of Shares to any persons whose holding would result in "Benefit Plan Investors" as defined in Section 3(42) of the U.S. Employee Retirement Income Security Act of 1974, as amended ("ERISA") holding 25 per cent or more of the total value of any Fund or Class.
In addition, each applicant for Shares must certify that it is either (a) not a US Person or (b) a Permitted US Person.No investors that are Benefit Plan Investors or otherwise Prohibited Persons will be permitted to subscribe for, or otherwise own, Shares.
If Shares of any Sub-Fund are owned by Benefit Plan Investors, the assets of such Sub-Fund may be deemed to be “plan assets” subject to certain requirements of ERISA, Section 4975 of the Tax Code and/or Similar Law.