Common use of PARTICIPANT ROLLOVER CONTRIBUTIONS Clause in Contracts

PARTICIPANT ROLLOVER CONTRIBUTIONS. Plan Sponsor Directs Empower to process Participant rollover contributions received in good order pursuant to the Participant’s instruction in accordance with procedures provided by Empower to the Plan Sponsor and without the Plan Sponsor’s f urther approval. In the event that a Participant does not elect Investment Options on the incoming direct rollover form but otherwise completes the form, Plan Sponsor further Directs Empower to invest the money according to the Participant's on-going investment elections, and if none are elected, then in the Def ▇▇▇▇ Investment Option under the Plan at the time the incoming rollover is received. Separate accounts within the Participant’s account will be maintained for such rollovers.

PARTICIPANT ROLLOVER CONTRIBUTIONS. Plan Sponsor Directs Empower to process Participant rollover contributions received in good order pursuant to the Participant’s instruction in accordance with procedures provided by Empower to the Plan Sponsor and without the Plan Sponsor’s f urther further approval. In the event that a Participant does not elect Investment Options on the incoming direct rollover form but otherwise completes the form, Plan Sponsor further Directs Empower to invest the money according to the Participant's on-going investment elections, and if none are elected, then in the Def ▇▇▇▇ Default Investment Option under the Plan at the time the incoming rollover is received. Separate accounts within the Participant’s account will be maintained for such rollovers.