Diversification of Investments. A Fund’s Collateral Investment Pool is subject to the following diversification limits: Individual Issuer or Sector Acceptable % of Collateral Pool U.S. Government and Agencies 100% Money Market Funds 100% Any one issuer except US government & Agencies 5% Any loan to a non-U.S. government issuer 10% Zero-coupon government issues1 15% Any one corporate sector, except financial sector 25% Corporate financial sector 50% Single repo broker 25% Corporate debt and commercial paper 75% Asset-backed securities 25% Floating rate or variable rate securities 25% Illiquid securities may not exceed 10% of a Fund’s collateral portfolio. Illiquid securities are issues not salable without material impact on sale proceeds.
Diversification of Investments. (i) Each qualified participant in the plan may elect within (90) ninety days after the close of each calendar year in the qualified election period to direct the Trustees as to the investment of at least twenty-five percent (25%) of his or her account in the plan (to the extent such portion exceeds the amount to which a prior election under this paragraph applies). In the case of the election year in which the participant can make his or her last election, the preceeding sentence shall be applied by substituting "fifty percent (50%)" for "twenty-five percent (25%)".
Diversification of Investments. By diversifying the investments of the Fund so as to minimize the risk of large losses, unless under the circumstances it is clearly prudent not to do so.
Diversification of Investments. (a) Definitions For purposes of this Section:
Diversification of Investments. The Plan Administrator or Investment Manager, if any is appointed pursuant to 6.03 of this Agreement, shall be responsible for diversifying all the investments of the Trust Fund so as to minimize the risk of large losses, unless under the circumstances it would be clearly prudent not to do so. The Trustee's responsibility in this regard is to limited to following exactly the directions given to it, pursuant to 5.01 (a) of this Agreement.
Diversification of Investments. In the event the Committee restricts the investment diversification rights of Participants in the Plan, each Participant will retain the right to diversify the portion of his Account invested in employer securities on at least a quarterly basis and must be allowed to direct the reinvestment of an equivalent amount in other investment options. The Plan will, at all times, offer at least three (3) investment options to each Participant making an election under this Section 5.6 each of which will be diversified and have materially different risk and return characteristics.
Diversification of Investments. In the event the Committee restricts the investment diversification rights of Participants in the Plan, each Qualified Participant will, regardless of any restrictions the Committee may impose, retain the right to elect, within 90 days after the close of each Plan Year in the Qualified Election Period, to direct the investment of at least twenty-five percent (25%) (fifty percent (50%) in the case of an election year in which the Qualified Participant can make his last election) of such Qualified Participant’s Account, to the extent such portion exceeds the amount to which a prior election under this Section 5.6 applies. The Plan will, at all times, offer at least three (3) investment options to each Qualified Participant making an election under this Section 5.6 and, within 90 days after the period during which the election may be made, the portion of the Qualified Participant’s Account covered by the election will be invested in accordance with such election.
Diversification of Investments. Each Participant and Beneficiary is permitted to direct the Plan as to the investment of 100 percent of the amount of the Participant’s or Beneficiary’s Matching Contribution Account (including the Vested and non-Vested portions) and of 100 percent of the amount of the Participant’s or Beneficiary’s ESOP Toro Common Stock Account, consistent with Section 9.5(a).
Diversification of Investments. 20 SECTION 11
Diversification of Investments. 10.1 Each Member who is an Employee and who has both completed ten years of membership in the Plan and attained age 55 may elect within ninety (90) days after the close of each Plan Year in the election period described in Plan Section 10.4 to direct the Plan to diversify a number of shares of Company Stock equal to (a) 25% of the Company Stock that has been allocated to the Member's ESOP Account valued as of the Valuation Date preceding the date of diversification (b) reduced by the number of shares of Company Stock previously distributed pursuant to this Section. The resulting number of shares of Company Stock may be rounded to the nearest whole integer. For the last year in which a Member may make an election, this Section shall be applied by substituting for 25% percent.
