Common use of Transition Rules Clause in Contracts

Transition Rules. Effective as of the date designated by the Management Committee on which any Investment Fund is added under Section 7.03, each Participant will have the opportunity to make new Investment Elections and Conversion Elections to the Administrator no later than the applicable Sweep Time. The Administrator may take such action as the Administrator deems appropriate, including, but not limited to: (a) using any reasonable accounting methods in performing his or her duties during the period of transition; (b) designating into which Investment Fund a Participant’s Accounts or Contributions will be invested; (c) establishing the method for allocating net investment gains or losses and the extent, if any, to which amounts received by and distributions paid from the Trust during this period share in such allocation; (d) investing all or a portion of the Trust’s assets in a short-term, interest-bearing Investment Fund during such transition period; (e) delaying any Trade Date during a designated transition period or changing any Sweep Time or Valuation Time during such transition period; or (f) designating how and to what extent a Participant’s Investment Election or Conversion Election will apply to Investment Funds.

Transition Rules. Effective as of the date designated by the Management Committee on which any Investment Fund is added under Section 7.037.3, each Participant will have the opportunity to make new Investment Elections and Conversion Elections to the Administrator no later than the applicable Sweep Time. The Administrator may take such action as the Administrator deems appropriate, including, but not limited to: (a) using any reasonable accounting methods in performing his or her duties during the period of transition; (b) designating into which Investment Fund a Participant’s Accounts or Contributions will be invested; (c) establishing the method for allocating net investment gains or losses and the extent, if any, to which amounts received by and distributions paid from the Trust during this period share in such allocation; (d) investing all or a portion of the Trust’s assets in a short-term, interest-bearing Investment Fund during such transition period; (e) delaying any Trade Date during a designated transition period or changing any Sweep Time or Valuation Time during such transition period; or (f) designating how and to what extent a Participant’s Investment Election or Conversion Election will apply to Investment Funds.