Common use of Directives Clause in Contracts

Directives. All elections and directions by Members concerning the investment of their Accounts shall be made in the manner prescribed by the Administrator, shall be irrevocable and shall become effective upon receipt by the Administrator.

Appears in 4 contracts

Sources: Capital Accumulation Plan Amendment (Vastar Resources Inc), Capital Accumulation Plan Amendment (Vastar Resources Inc), Atlantic Richfield Capital Accumulation Plan Ii Amendment (Atlantic Richfield Co /De)