Qualifying Employer Securities Sample Clauses

Qualifying Employer Securities. As provided in the Plan, all amounts received by the Master Trustee which are directed by the Administrative Committee to be placed in an account which has as its investment purpose investment in Qualifying Employer Securities or any amount received by the Master Trustee as a result of holding such Qualifying Employer Securities shall be invested and reinvested in Qualifying Employer Securities. The investment purpose of the account so established shall be to invest one hundred (100%) in such Qualifying Employer Securities. However, the Master Trustee may, but shall not be required to, place amounts received by it for the purpose of investment in temporary investments, if in the opinion of the Master Trustee market conditions are such that investment in Qualifying Employer Securities would be disruptive or could not be accomplished. In the operation of this account, the Master Trustee shall have no investment discretion, except as hereinafter provided, and no duty or responsibility to determine the investment quality or prudence of such investment. The Corporation shall have the duty and responsibility to determine whether or not the investment in the Qualifying Employer Securities is prudent. The Master Trustee shall acquire or dispose of all Qualifying Employer Securities in the open market or through the method of purchase and sales which is used by the Master Trustee in the normal course of its security transactions. The Master Trustee shall be permitted to net all purchases and sales for an account limited in investment purposes to Qualifying Employer Securities, provided, however, both sales and purchases will be at market value and the books and records of the Master Trustee shall clearly reflect such fact. Should the Master Trustee for any reason be unable to acquire or dispose of the Qualifying Employer Securities in the manner provided by this Section, it shall notify the Named Fiduciary of such fact and shall thereafter make no purchases or sales of securities until instructions are received from the Named Fiduciary.

Qualifying Employer Securities. If this Adoption Agreement provides for investments in Qualifying Employer Securities, the Employer may restrict the types of Employer Securities so qualifying by indicating the restrictions in the following blanks: [ NO RESTRICTIONS ] (If investment in Qualifying Employer Securities is not restricted to type, insert in the blanks the words "No Restrictions"; if investment in Qualifying Employer Securities is not permitted, insert the letters N/A in the blanks). [ ] (A) Yes [ X ] (B) No

Qualifying Employer Securities. A security issued by an Employer which is (A) stock; (B) a marketable obligation within the meaning of ERISA Section 407(e), (C) an interest in a publicly traded partnership (as defined in Code Section 7704(b)) but only if such partnership is an existing partnership as defined in Section 10211(c)(2)(A) of the Revenue Act of 1987 (Public Law 100-203); and (D) otherwise a “qualifying employer security” as defined in ERISA Section 407(d).

Qualifying Employer Securities. For purposes of Sections A.1.72 and A.6.1(B), and for all other purposes of the Plan and Trust Agreement, the stock of any adopting Employer and any Participating Employer shall be treated as Qualifying Employer Securities.

Qualifying Employer Securities. The Trustee may not invest the assets of the trust fund in "qualifying employer securities" or "qualifying employer real property".

Qualifying Employer Securities. Investment in Qualifying Employer Securities is not available, unless otherwise specified in (a) below. a) o (Only available if (1)(a)(i), (ii), (iii), or (v) above is selected.) Investment in Qualifying Employer Securities is allowed. i) The Member’s Account resulting from the following Contributions may be invested in Qualifying Employer Securities: (Select at least one.) A. o Elective Deferral Contributions B. o Employer Contributions other than Elective Deferral Contributions C. o Member Contributions and Rollover Contributions

Qualifying Employer Securities. (Only available if the Plan allows investment in Qualifying Employer Securities in Item U(5)(a).) The portion of the Participant's Account held in the Qualifying Employer Securities Fund may not be redeemed for purposes of withdrawals. 8) Additional selections for this Item have been made in Item H of the attached Additional Selections and Minor Modifications Addendum. NOTE: Withdrawals are subject to the distribution of benefits provisions of Article VI or VIA of the Basic Plan, whichever applies. Z. RETIREMENT AND THE START OF BENEFITS. 1) NORMAL RETIREMENT AGE is the age at which the Participant’s Account becomes nonforfeitable if he is an Employee. A Participant’s Normal Retirement Age is age 65, unless otherwise specified in (a) or (b) below.

Qualifying Employer Securities. Subject to the other provisions of the Plan and Trust Agreement, Plan Assets may be invested in qualifying employer securities (as defined in ERISA section 407): [x] Yes [ ] No (Skip to Item 46.)

Qualifying Employer Securities. May Plan assets be invested in Qualifying Employer Securities (check one)? In no event may Employer, Participant, Elective Deferral, Matching, Rollover or Qualified Voluntary Employee Contributions or other Employer contributions or direct transfers or Employer, Participant, Elective Deferral, Matching, Rollover, Transfer or QVEC Accounts or other accounts be invested in Qualifying Employer Securities unless such investment is in compliance with applicable Federal and state securities laws (including any necessary filings under such Federal and state securities laws) and the requirements of the Plan. If such investment is in compliance with such laws (including any required filings) and Plan requirements, the prohibition on investment of Plan assets in Qualifying Employer Securities does not apply and up to [ 100 ] (insert percentage; if not applicable, insert letters N/A in blank) percent of Plan assets may be so invested. If any such required filings have not been made, only Employer Contributions and Employer Accounts not subject to Participant or Beneficiary directed investment may be invested in Qualifying Employer Securities. In such case, indicate the percentage of Employer Contributions and Employer Accounts which may be invested in Qualifying Employer Securities in the following blank: [ 100 ] percent (insert percentage; if not applicable, insert letters N/A in blank).