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Section 403 . DEPOSITS AND DISBURSEMENTS FROM THE TRUST . A . Trust Deposits . The Master Trustees hereby delegate to the Administrator the responsibility for accepting deposits to the Deferred Compensation Plan Trust. B . Trust Payments . The Master Trustees hereby delegate to the Administrator the responsibility for making payments from the Deferred Compensation Plan Trust . The Administrator shall make payments from the Deferred Compensation Plan Trust to Participating Employees , their Beneficiaries and such other persons as the participating deferred compensation plans may provide . Such payments shall be made in such manner, in such amounts and for such purposes, including the payment of Benefits under participating deferred compensation plans and the payment of expenses of administration of the participating deferred compensation plans , as may be specified in the deferred compensation plan . The Administrator shall ensure that any payment directed under this Section conforms to the provisions of the deferred compensation plan, this Agreement, and the provisions of applicable law . Payments from the Deferred Compensation Plan Trust shall be made by check (or the check of an agent) or deposit to the order of the payee . Payments or other distributions hereunder may be mailed to the payee at the address last furnished to the Administrator . The Master Trustees shall not incur any liability or other damage on account of any payment or other distribution made by the Deferred Compensation Plan Trust in accordance with this Section . C . Allocation of Expenses . The Master Trustees shall pay all expenses of the Deferred Compensation Plan Trust from the assets of the Deferred Compensation Plan Trust . All expenses of the Deferred Compensation Plan Trust, which are allocable to a particular investment option or account may be allocated and charged to such investment option or account as determined by the Master Trustees . All expenses of the Deferred Compensation Plan Trust which are not allocable to a particular investment option or account shall be charged to each such investment option or account in the manner established by the Master Trustees . Section 404 . INVESTMENT OPTIONS . The Master Trustees, in accordance with provisions of the participating deferred compensation plans, may establish one ( 1 ) or more investment options within the Deferred Compensation Plan Trust, each option being hereinafter referred to as an " investment option ." The Master Trustees shall transfer to each such investment option such portion of the assets of the Deferred Compensation Plan Trust as appropriate . The Master Trustees shall manage, acquire or dispose of the assets in an investment option in accordance with valid specific investment directions given by the Participating Employers or Participating Employees . All income received with respect to, and all proceeds received from , the disposition of property held in an investment option shall be credited to, and reinvested in, such investment option . The Master Trustees shall establish at least one ( 1 ) default investment option in the absence of valid Participating Employer or Participating Employee investment direction . From time to time, the Master Trustees may eliminate an investment option , and the proceeds thereof shall be reinvested in another investment option in accordance with the directions of the Master Trustees . 24 MADI 625405.4