Common use of Segregated Funds Clause in Contracts

Segregated Funds. Unless otherwise determined by the Trustee not to be prudent, the Trustee shall invest and reinvest each Segregated Fund without distinction between income or principal. Such accounts shall be held for the benefit of the Participant for whom such Segregated Fund is established in accordance with the terms of the Plan and the Segregated Account of the Participant shall be credited with any interest earned in connection with such accounts. If the Trustee determines that an alternative investment is appropriate, the Trustee may invest the Segregated Fund in any manner permitted with respect to the Trust Fund and such Segregated Fund shall be credited with the net income or loss or net appreciation or depreciation in value of such investments. No Segregated Fund shall share in any Employer Contributions or Forfeitures, any net income or loss from, or net appreciation or depreciation in value of, any investments of the 14535 54 05/01/07 Trust Fund, or any allocation for which provision is made in this Plan that is not specifically attributable to the Segregated Fund.

Appears in 1 contract

Sources: 401(k) Plan (Floridian Financial Group Inc)

Segregated Funds. Unless otherwise determined by the Trustee not to be prudent, the Trustee shall invest and reinvest each Segregated Fund without distinction between income or principal. Such accounts shall be held for the benefit of the Participant for whom such Segregated Fund is established in accordance with the terms of the Plan and the Segregated Account of the Participant shall be credited with any interest earned in connection with such accounts. If the Trustee determines that an alternative investment is appropriate, the Trustee may invest the Segregated Fund in any manner permitted with respect to the Trust Fund and such Segregated Fund shall be credited with the net income or loss or net appreciation or depreciation in value of such investments. No Segregated Fund shall share in any Employer Contributions contributions or Forfeitures, any net income or loss from, or net appreciation or depreciation in value of, any investments of the 14535 54 05/01/07 Trust Fund, or any allocation for which provision is made in this the Plan that is not specifically attributable to the Segregated Fund.

Appears in 1 contract

Sources: Trust Agreement (Southwest Community Bancorp)

Segregated Funds. Unless otherwise determined by the Trustee not to be prudentimprudent, the Trustee shall invest and reinvest each Segregated Fund without distinction between income or and principal. Such accounts shall be held for the benefit of the Participant for whom such Segregated Fund is established in accordance with the terms of the Plan Plan, and the Participant’s Segregated Account of the Participant shall be credited with any interest earned in connection with such accounts. If the Trustee determines that an alternative investment is appropriate, the Trustee may invest the Segregated Fund in any manner permitted with respect to the Trust Fund and such Segregated Fund shall be credited with the net income or loss or net appreciation or depreciation in value of such investments. No Segregated Fund shall share in any Employer Contributions or Forfeitures, any net income or loss from, or net appreciation or depreciation in value of, any investments of the 14535 54 05/01/07 Trust Fund, or any allocation for which provision is made in this the Plan that is not specifically attributable to the Segregated Fund.

Appears in 1 contract

Sources: Adoption Agreement (Eureka Financial Corp.)