Investment Directions. All Investment Directions and other Instructions must be delivered to the Custodian in such manner as the Custodian may reasonably require. If, for any reason, Mutual Fund Shares are not available for investment hereunder, the Custodian or Program Sponsor shall so advise the Participant. Until the Participant submits new written Investment Directions, any Contributions will be temporarily allocated to a default fund selected by the Program Sponsor. A Participant’s Contribution will be transferred out of the default fund upon receipt by the Custodian of a proper Investment Direction that may be implemented hereunder.
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Investment Directions. All Investment Directions and other Instructions must be delivered to the Custodian in such manner as the Custodian may reasonably require. If, for any reason, Mutual Fund Shares are not available for investment hereunder, the Custodian or Program Sponsor shall so advise the Participant. Until the Participant submits new written Investment Directions, any Contributions will be temporarily allocated to a default fund selected by the Program Sponsor. A Participant’s Contribution will be transferred out of the default fund upon receipt by the Custodian of a proper Investment Direction Instruction that may be implemented hereunder.
Appears in 2 contracts
Investment Directions. All Investment Directions investment directions and other Instructions must be delivered to the Custodian in such manner as the Custodian may reasonably require. If, for any reason, Mutual Fund Shares are a selected investment is not available for investment hereunder, the Custodian or Program Sponsor shall so advise the Participant. Until the Participant submits new written Investment Directionsinvestment direction, any Contributions will be temporarily allocated to a default fund selected by the Program Sponsor. A Participant’s Contribution will be transferred out of the default fund upon receipt by the Custodian of a proper Investment Direction investment direction that may be implemented hereunder.
Appears in 2 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement
Investment Directions. All Investment Directions investment directions and other Instructions must be delivered to the Custodian in such manner as the Custodian may reasonably require. If, for any reason, Mutual Fund Shares are a selected investment is not available for investment hereunder, the Custodian or Program Sponsor shall so advise the Participant. Until the Participant submits new written Investment Directionsinvestment direction, any Contributions will be temporarily allocated to a default fund selected by the Program Sponsor. A Participant’s Contribution will be transferred out of the default fund upon receipt by the Custodian of a proper Investment Direction Instructions that may be implemented hereunder.
Appears in 2 contracts
Samples: Custodial Account Agreement, Agreement