Investment Media definition

Investment Media means such marketable securities, Company Stock, and/or money market mutual funds, and in such amounts, as are specifically selected and specified by a Participant in directions to the Trustees (in such form as may be acceptable to the Trustees) for the investment of assets held in a Self-Directed Account pursuant to Section 5.09. 2. Section 2.31 is hereby amended as follows:

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Investment Media shall include any investment fund established by the Trustees at the direction of the Committee which shall be invested primarily in shares of common stock, $.01 per share, of Freedom Securities Corporation, a Delaware corporation, which stock constitutes "qualifying employer securities" as defined in section 407(d)(5) of ERISA and "employer securities" as defined in section 409(l) of the Code ("Freedom Securities Stock"), and short-term interest income vehicles (the "Freedom Securities Stock Fund"). Consistent with ERISA, the assets of the Plan may be used to acquire and hold Freedom Securities Stock in any proportions or amounts."

Investment Media means those funds, contracts, ---------------- obligations or other modes of investment selected by the Committee to which each Participant may direct the investment of the assets of his Accounts.

Examples of Investment Media in a sentence

Each Participant shall have the right to exercise the powers described in paragraph (b) below or, where required by the Investment Media, to direct the Trustees to exercise such powers in the manner elected by the Participant, but only with respect to those stocks, bonds, or other securities of a corporation, association or trust which are credited to such Participant's Self-Directed Account under the Plan.
Unless so specified, the loan amounts shall be made out of the interest of such account in each Investment Medium in accordance with the proportion which the interest of such account in such Investment Medium bears to the total value of such accounts, subject however to such restrictions as may be applicable to the particular Investment Media.
The Investment Media shall be valued by the Trustees, as of each Valuation Date, according to such methods as the Trustees may reasonably select in order to determine the fair market value of the assets of each such Investment Medium.
In the event that such a new election causes a transfer of assets from one Investment Media to another, the transfer shall be made by the Trustees as soon as reasonably possible thereafter.
In the event of any distribution or forfeiture of less than the full amount standing to the credit of a Participant's accounts, the amount charged against such Participant's accounts shall be charged against such Participant's interest in the Investment Media in accordance with administrative policies established by the Committee, or in the absence of any such policy, on a pro rata basis.
Each Participant shall have the right to elect the manner of investment of the amounts standing to the credit of his Self-Directed Account among the Investment Media established under the Trust.
Any election to defer shall not be effective unless the Participant also completes any forms as may be required by the Administrative Committee, including, but not limited to, the selection of investment media in which his or her Deferral Account shall be deemed invested pursuant to Section 4.3 (Investment Media) and any life insurance forms.
All interest and loan repayments shall be credited to the Self-Directed Account of such Participant and shall be reinvested in the Investment Media in accordance with the most recent investment election of such Participant with respect to contributions credited to such account.
A Participant may specify that a loan under this Section 7.10 is to be charged to his interest in one or more specific Investment Media in which his accounts are invested.
The Committee shall maintain records of account at all times adequately reflecting each Participant's interest in each of the Investment Media.

More Definitions of Investment Media

Investment Media means those modes of investment in which a Participant's Account balance is invested.

Investment Media means (a) such one or more investment funds, including without limitation insurance company contracts or accounts and mutual funds, as are designated by the Trustees from time to time as being available for investment of Participant accounts under Article V, (b) such marketable securities as are designated by the Trustees from time to time as being available for investment of Participant accounts under Article V, and (c) such other marketable securities (including options) obtainable by the Trustees either "over the counter" or on a recognized exchange, and/or in money market mutual funds, and in such amounts, as are specifically selected 10 11 and specified by a Participant in directions to the Trustees (in such form as may be acceptable to the Trustees) for the investment of assets held in a Self-Directed Account pursuant to Section 5.08. The Trustees may designate one or more Investment Media which are sponsored and/or managed by the Company or any Affiliated Company.