Common use of Investment Election Clause in Contracts

Investment Election. I elect the following account type and investment carrier for my Supplemental Retirement Account contributions. (Investment carrier on-line enrollment must be completed when establishing new account.) Tax-Deferred 403(b) Contributions  TIAA-CREF Annuity Contract (Plan #101686)  Vanguard Custodial Account (Plan #090272) Xxxx 403(b) After-Tax Contributions  TIAA-CREF Annuity Contract (Plan #101686)  Vanguard Custodial Account (Plan #090272) Amount of Tax-Deferred Salary Reduction: Amount of After-Tax Salary Reduction: I direct that this amount be contributed on my behalf to the investment of my choice (indicated above). $ /month beginning I direct that this amount be contributed on my behalf to the investment of my choice (indicated above). $ /month beginning Salary Reduction Agreement: (Please read additional acknowledgement on back of form) Name Empl ID Campus Address Campus Phone I authorize Case Western Reserve University to reduce my basic salary, effective as of the first day of the month following the month in which this agreement is executed. Such salary reduction amount will be applied by CWRU to purchase one or more annuity contracts and/or mutual funds for me, as set forth on this form. I understand that both my pre-tax and after-tax contributions are part of my allowable maximum contribution through CWRU. I acknowledge that this Agreement is subject to the conditions on the reverse side of this form, and that contributions to other tax- deferred plans can affect my allowable maximum contribution through CWRU. I understand that this Agreement will continue in force unless changed in writing by me. Employee Signature Date SRA Waiver I elect to stop my participation in my:  Tax-Deferred 403(b) Supplemental Retirement Account  Xxxx 403(b) After-Tax Supplemental Retirement Account End date Employee Signature Date Benefits Administration Use Only Received Effective Date by Date Salary Reduction Agreement I acknowledge that this Agreement is subject to the following conditions:  It remains in effect unless terminated by me upon 30 days’ written notice, I die, or my CWRU employment terminates.  The amount of reduction may be changed only one each quarter of the calendar year effective for compensation earned from and after the first day of the month following the month in which a revised salary reduction agreement is executed provided it is received by CWRU at least five business days before the end of the month of execution.  The amount of salary reduction is limited under the Internal Revenue Code to the lesser of:  maximum contribution limit under Section 415;  maximum contribution limit under Section 402(g) 15-Year Special Election You may be eligible to make an election to exceed the 403(b) contribution limit if you have at least 15 years of service at CWRU. There are no restrictions on the number of times you may use the 15-year rule; however, a lifetime maximum limits your contribution under this rule to $15,000. If you qualify for this election, contact Benefits Administration at XxxXX@xxxx.xxx and request a calculation of your 15-Year Special Election Limit. Note that eligibility for the 15-year special election is based both on years of service and prior contributions to your supplemental retirement account. Age 50 Catch-up

Investment Election. I elect the following account type and investment carrier for my Supplemental Retirement Account contributions. (Investment carrier on-line enrollment must be completed when establishing new account.) Tax-Deferred 403(b) Contributions  TIAA-CREF Annuity Contract (Plan #101686)  Vanguard Custodial Account (Plan #090272) Xxxx 403(b) After-Tax Contributions  TIAA-CREF Annuity Contract (Plan #101686)  Vanguard Custodial Account (Plan #090272) Amount of Tax-Deferred Salary Reduction: Amount of After-Tax Salary Reduction: I direct that this amount be contributed on my behalf to the investment of my choice (indicated above). $ /month beginning I direct that this amount be contributed on my behalf to the investment of my choice (indicated above). $ /month beginning Salary Reduction Agreement: (Please read additional acknowledgement on back of form) Name Campus Address Empl ID Campus Address Campus Phone I authorize Case Western Reserve University to reduce my basic salary, effective as of the first day of the month following the month in which this agreement is executed. Such salary reduction amount will be applied by CWRU to purchase one or more annuity contracts and/or mutual funds for me, as set forth on this form. I understand that both my pre-tax and after-tax contributions are part of my allowable maximum contribution through CWRU. I acknowledge that this Agreement is subject to the conditions on the reverse side of this form, and that contributions to other tax- deferred plans can affect my allowable maximum contribution through CWRU. I understand that this Agreement will continue in force unless changed in writing by me. Employee Signature Date SRA Waiver I elect to stop my participation in my:  Tax-Deferred 403(b) Supplemental Retirement Account  Xxxx 403(b) After-Tax Supplemental Retirement Account End date Employee Signature Date Benefits Administration Use Only Received Effective Date by Date Salary Reduction Agreement I acknowledge that this Agreement is subject to the following conditions:  It remains in effect unless terminated by me upon 30 days’ written notice, I die, or my CWRU employment terminates.  The amount of reduction may be changed only one each quarter of the calendar year effective for compensation earned from and after the first day of the month following the month in which a revised salary reduction agreement is executed provided it is received by CWRU at least five business days before the end of the month of execution.  The amount of salary reduction is limited under the Internal Revenue Code to the lesser of:  maximum contribution limit under Section 415;  maximum contribution limit under Section 402(g) 15-Year Special Election You may be eligible to make an election to exceed the 403(b) contribution limit if you have at least 15 years of service at CWRU. There are no restrictions on the number of times you may use the 15-year rule; however, a lifetime maximum limits your contribution under this rule to $15,000. If you qualify for this election, contact Benefits Administration at XxxXX@xxxx.xxx and request a calculation of your 15-Year Special Election Limit. Note that eligibility for the 15-year special election is based both on years of service and prior contributions to your supplemental retirement account. Age 50 Catch-up

Investment Election. I elect the following account type and investment carrier for my Supplemental Retirement Account contributions. (Investment carrier on-line enrollment must be completed when establishing new account.) Tax-Deferred 403(b) Contributions  □ TIAA-CREF Annuity Contract (Plan #101686)  □ Vanguard Custodial Account (Plan #090272) Xxxx 403(b) After-Tax Contributions  □ TIAA-CREF Annuity Contract (Plan #101686)  □ Vanguard Custodial Account (Plan #090272) Amount of Tax-Deferred Salary Reduction: Amount of After-Tax Salary Reduction: I direct that this amount be contributed on my behalf to the investment of my choice (indicated above). $ /month beginning I direct that this amount be contributed on my behalf to the investment of my choice (indicated above). $ /month beginning Salary Reduction Agreement: (Please read additional acknowledgement on back of form) Name Empl ID Campus Address Campus Phone I authorize Case Western Reserve University to reduce my basic salary, effective as of the first day of the month following the month in which this agreement is executed. Such salary reduction amount will be applied by CWRU to purchase one or more annuity contracts and/or mutual funds for me, as set forth on this form. I understand that both my pre-tax and after-tax contributions are part of my allowable maximum contribution through CWRU. I acknowledge that this Agreement is subject to the conditions on the reverse side of this form, and that contributions to other tax- deferred plans can affect my allowable maximum contribution through CWRU. I understand that this Agreement will continue in force unless changed in writing by me. Employee Signature Date SRA Waiver I elect to stop my participation in my:  □ Tax-Deferred 403(b) Supplemental Retirement Account  □ Xxxx 403(b) After-Tax Supplemental Retirement Account End date Employee Signature Date Benefits Administration Use Only Received Effective Date Received by Date Salary Reduction Agreement I acknowledge that this Agreement is subject to the following conditions:  • It remains in effect unless terminated by me upon 30 days’ written notice, I die, or my CWRU employment terminates.  • The amount of reduction may be changed only one each quarter of the calendar year effective for compensation earned from and after the first day of the month following the month in which a revised salary reduction agreement is executed provided it is received by CWRU at least five business days before the end of the month of execution.  • The amount of salary reduction is limited under the Internal Revenue Code to the lesser of:  • maximum contribution limit under Section 415;  • maximum contribution limit under Section 402(g) 15-Year Special Election You may be eligible to make an election to exceed the 403(b) contribution limit if you have at least 15 years of service at CWRU. There are no restrictions on the number of times you may use the 15-year rule; however, a lifetime maximum limits your contribution under this rule to $15,000. If you qualify for this election, contact Benefits Administration at XxxXX@xxxx.xxx and request a calculation of your 15-Year Special Election Limit. Note that eligibility for the 15-year special election is based both on years of service and prior contributions to your supplemental retirement account. Age 50 Catch-up

Investment Election. I elect the following account type and investment carrier for my Supplemental Retirement Account contributions. (Investment carrier on-line enrollment must be completed when establishing new account.) Tax-Deferred 403(b) Contributions  □ TIAA-CREF Annuity Contract (Plan #101686)  □ Vanguard Custodial Account (Plan #090272) Xxxx 403(b) After-Tax Contributions  □ TIAA-CREF Annuity Contract (Plan #101686)  □ Vanguard Custodial Account (Plan #090272) Amount of Tax-Deferred Salary Reduction: Amount of After-Tax Salary Reduction: I direct that this amount be contributed on my behalf to the investment of my choice (indicated above). $ /month beginning I direct that this amount be contributed on my behalf to the investment of my choice (indicated above). $ /month beginning Salary Reduction Agreement: (Please read additional acknowledgement on back of form) Name Campus Address Empl ID Campus Address Campus Phone I authorize Case Western Reserve University to reduce my basic salary, effective as of the first day of the month following the month in which this agreement is executed. Such salary reduction amount will be applied by CWRU to purchase one or more annuity contracts and/or mutual funds for me, as set forth on this form. I understand that both my pre-tax and after-tax contributions are part of my allowable maximum contribution through CWRU. I acknowledge that this Agreement is subject to the conditions on the reverse side of this form, and that contributions to other tax- deferred plans can affect my allowable maximum contribution through CWRU. I understand that this Agreement will continue in force unless changed in writing by me. Employee Signature Date SRA Waiver I elect to stop my participation in my:  □ Tax-Deferred 403(b) Supplemental Retirement Account  □ Xxxx 403(b) After-Tax Supplemental Retirement Account End date Employee Signature Date Benefits Administration Use Only Received Effective Date Received by Date Salary Reduction Agreement I acknowledge that this Agreement is subject to the following conditions:  • It remains in effect unless terminated by me upon 30 days’ written notice, I die, or my CWRU employment terminates.  • The amount of reduction may be changed only one each quarter of the calendar year effective for compensation earned from and after the first day of the month following the month in which a revised salary reduction agreement is executed provided it is received by CWRU at least five business days before the end of the month of execution.  • The amount of salary reduction is limited under the Internal Revenue Code to the lesser of:  • maximum contribution limit under Section 415;  • maximum contribution limit under Section 402(g) 15-Year Special Election You may be eligible to make an election to exceed the 403(b) contribution limit if you have at least 15 years of service at CWRU. There are no restrictions on the number of times you may use the 15-year rule; however, a lifetime maximum limits your contribution under this rule to $15,000. If you qualify for this election, contact Benefits Administration at XxxXX@xxxx.xxx and request a calculation of your 15-Year Special Election Limit. Note that eligibility for the 15-year special election is based both on years of service and prior contributions to your supplemental retirement account. Age 50 Catch-up