Common use of Participant Directed Accounts Clause in Contracts

Participant Directed Accounts. In plans providing for _____________________________ Participant directed accounts, the Trustee may, upon written instructions from the Plan Administrator with the Trustee's consent, segregate assets representing the value of an individual Participant's account under the Plan and allow the Participant to manage the investment of those assets attributable to his account. The Trustee shall have no obligation to invest or otherwise manage assets earmarked for an individual Participant's account until written notice is received from the Plan Administrator terminating the Participant directed account. The Participant shall have full investment responsibility for the assets aggregated for his account and the Trustee shall have no duty to oversee the Participant's investment except that the Trustee shall not accept a Participant's direction to invest in "collectibles" [within the meaning of Section 408(m)(2) of the Code] including, but not limited to, tangible personal property such as a work of art, rug, antique, metal, gem, stamp, coin, alcoholic beverage or any other such property specified by the Internal Revenue Service. Neither the Trustee nor any other fiduciary shall be liable for any loss which results from a Participant's or his Beneficiary's exercise of control over the assets segregated to his individual account.

Participant Directed Accounts. In plans providing for _____________________________ ----------------------------- Participant directed accounts, the Trustee may, upon written instructions from the Plan Administrator with the Trustee's consent, segregate assets representing the value of an individual Participant's account under the Plan and allow the Participant to manage the investment of those assets attributable to his account. The Trustee shall have no obligation to invest or otherwise manage assets earmarked for an individual Participant's account until written notice is received from the Plan Administrator terminating the Participant directed account. The Participant shall have full investment responsibility for the assets aggregated for his account and the Trustee shall have no duty to oversee the Participant's investment except that the Trustee shall not accept a Participant's direction to invest in "collectibles" [within the meaning of Section 408(m)(2) of the Code] including, but not limited to, tangible personal property such as a work of art, rug, antique, metal, gem, stamp, coin, alcoholic beverage or any other such property specified by the Internal Revenue Service. Neither the Trustee nor any other fiduciary shall be liable for any loss which results from a Participant's or his Beneficiary's exercise of control over the assets segregated to his individual account.

Participant Directed Accounts. In plans providing for _____________________________ Participant directed accounts, the Trustee may, upon written instructions from the Plan Administrator with the Trustee's ’s consent, segregate assets representing the value of an individual Participant's ’s account under the Plan and allow the Participant to manage the investment of those assets attributable to his account. The Trustee shall have no obligation to invest or otherwise manage assets earmarked for an individual Participant's ’s account until written notice is received from the Plan Administrator terminating the Participant directed account. The Participant shall have full investment responsibility for the assets aggregated for segregated fro his account and the Trustee shall have no duty to oversee the Participant's ’s investment except that the Trustee shall not accept a Participant's ’s direction to invest in "“collectibles" ” [within the meaning of Section 408(m)(2408 (m) (2) of the Code] including, but not limited to, tangible personal property such as a work of art, rug, antique, metal, gem, stamp, coin, alcoholic beverage or any other such property specified by the Internal Revenue Service. Neither the Trustee nor any other fiduciary shall be liable for any loss which results from a Participant's ’s or his Beneficiary's ’s exercise of control over the assets segregated to his individual account.