The Plan Administrator or any person may decline to implement any investment direction if:
(A) The person receiving the investment direction knows (or a court order has determined) that the investor is legally incompetent;
(B) The Plan Administrator determines (under a reasonable written procedure uniformly applied to all investors) that the investment direction could result in a loss in excess of the applicable account (or sub-account) balance;
(C) The investment direction would be contrary to this plan;
(D) The investment direction would be contrary to a court order, even if the court order is not a plan-approved domestic relations order;
(E) The investment direction would jeopardize the plan’s (or the plan-trust’s) tax qualified status;
(F) The investment direction would generate income that would be taxable to the plan-trust;
(G) The investment direction would result in a prohibited transaction within the meaning of I.R.C. § 503; or
(H) The investment direction would cause the plan-trustee or any person to maintain the indicia of ownership of an investment or any assets of the plan outside the jurisdiction of the district courts of the United States or outside the jurisdiction specified by the plan-trust agreement.
(Ord. NIRC 97-1, passed 1-15-1997)