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such manner, in such amounts and for such purposes, including the payment of Benefits under participating other post-employment benefit plans and the payment of expenses of administration of the participating other post-employment benefit plans, as may be specified in the participating other post-employment benefit plans . Payments from the Other Post-Employment Benefit 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 Other Post-Employment Benefit Plan Trust in accordance with this Section . C . Allocation of Expenses . The Master Trustees shall pay all expenses of the Other Post-Employment Benefit Plan Trust from the assets in the Other Post-Employment Benefit Plan Trust. All expenses of the Other Post-Employment Benefit 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 Other Post- Employment Benefit 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 505 . INVESTMENT OPTIONS . The Master Trustees, in accordance with applicable provisions of the participating other post-employment benefit plans, may establish one ( 1 ) or more investment options within the Other Post-Employment Benefit 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 Other Post-Employment Benefit 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. Section 506 . INVESTMENT IN INSURANCE CONTRACTS . The Master Trustees may offer one ( 1 ) or more investment options pursuant to one ( 1 ) or more agreements with insurance companies qualified to do business in the State of Florida . Any asset invested pursuant to such an agreement shall be held by the insurance company . Each insurance company so selected shall certify the value of the Other Post-Employment Benefit Plan Trust ' s interest in the property held by it at least annually . The Master Trustees shall be entitled to rely conclusively on such valuation for all purposes under the Other Post-Employment Benefit Plan Trust . 28 MADI 625405. 4