Common use of Participant Election Clause in Contracts

Participant Election. If provided for in the Adoption Agreement, a Participant may file a written direction with the Plan Administrator specifying which percentage of his Accounts are to be invested in Employer Securities. The Plan Administrator may limit the Accounts and the percentage alternatives available to be invested in Employer Securities in a uniform and non-discriminatory manner. Any restrictions on transferring from or into Employer Securities will be specified in the Adoption Agreement and comply with federal securities law.

Participant Election. If provided for in the Adoption Agreement, a Participant may file a written direction with the Plan Administrator specifying which percentage of his Accounts are to be invested in Employer Securities. The Plan Administrator may limit the Accounts and the percentage alternatives available to be invested in Employer Securities in a uniform and non-discriminatory manner. Any restrictions on transferring from or into Employer Securities will be specified in the Adoption Agreement and Articles IX and X of the Plan document, and will comply with federal securities law.