Default Investment Option definition

Default Investment Option means the Investment Fund designated by the Plan or selected by the Committee on behalf of all Participants at the time they first become eligible to participate in the Plan. The Default Investment Option shall be the Income Fund, unless otherwise determined in the sole discretion of the Committee.

Default Investment Option means an investment strategy applied when the PEPP saver has not provided instructions on how to invest the funds accumulating in his PEPP account;

Default Investment Option means the investment option that the trustee company designates from time to time, from among the investment options made available by the trustee company to the members, for default purposes.

Examples of Default Investment Option in a sentence

• To the extent that the Participant fails to make an effective allocation among the available Investment Funds, the deferral shall be allocated entirely to the Default Investment Option.

• Default Investment OptionThe Plans provide for a Default Investment Option when a plan participant has not made an affirmative investment election.

• If a Participant fails to re- designate his or her Investment Option(s), then the Participant’s contributions and/or Account may be invested in the Default Investment Option or other Investment Option determined by the Board; provided that, the Board provides notice to Participants of the Default Investment Option or other Investment Option in which Participants’ contributions and/or Accounts will be invested.

• Upon notification of death, pending distribution, the value of the Participant’s Plan Account will be allocated to the Default Investment Option.

• Section 3.7 Default, Re-designated, and Eliminated Investment Options (a) Default Investment Option.

More Definitions of Default Investment Option

Default Investment Option means the default investment option specified from time to time by the Committee for hypothetical investment of a Participant’s Deferral Account in the event the Participant fails to allocate all or a portion of his Deferral Account to a particular Investment Option.

Default Investment Option means the Investment Option designated by the Benefits Administrator, in its sole discretion, for the investment of any Matching Contributions, Special Executive Credits, Elective Deferrals, and Core/Transition Contributions in cases where a Participant has failed to provide valid investment directions with respect to any portion of his or her Account.

Default Investment Option means an investment strategy applied when the PEPP saver has not provided instructions on how to invest the funds accumulating in his PEPP account; (24) "default option" means a pension product which every provider must offer in accordance with an investment strategy set out in Article 37;

Default Investment Option means an investment strategy option that is made available forapplied when the PEPP savers by every PEPP provider has not provided instructions on how to invest the funds accumulating in his PEPP account;

Default Investment Option means the Investment Options selected by the Commission from time to time as provided in Section 8.2 of the Plan.

Default Investment Option means an investment strategy applied when the PEPP saver has not provided instructions on how to invest the funds accumulating in his PEPP account; (24) "default investment option" means an investment strategy where the PEPP saver recoups at least the capital invested and which is either selected by the PEPP saver or applied when the PEPP saver has not provided instructions on how to invest the funds accumulating in his PEPP account;

Default Investment Option means a Roth individual retirement account with a target date fund investment and a default contribution rate established by the board;