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Florida Municipal Pension Trust Fund <br /> 457(b) Deferred Compensation Plan <br /> 6 .4 Investment direction refused <br /> The Plan Sponsor , Plan Administrator or any person may decline to implement any <br /> investment direction if <br /> • the person receiving the investment direction knows (or a court order has determined) <br /> that the Investor is legally incompetent <br /> • (under a reasonable written procedure uniformly applied to all Investors ) the investment <br /> direction could result in a loss in excess of the applicable Account (or sub -Account) <br /> balance <br /> • the investment direction would be contrary to this Plan <br /> • the investment direction would be contrary to a court order, even if the court order is <br /> not a Plan- approved Domestic Relations Order. <br /> • the investment direction would jeopardize the Plan ' s (or the Master Trust ' s) tax <br /> qualified status <br /> • the investment direction would generate income that would be taxable to the Master <br /> Trust <br /> • the investment direction would result in a prohibited transaction within the meaning of <br /> IRC § 503 , or <br /> • the investment direction would cause the Master Trust or any person to maintain the <br /> indicia of ownership of an Investment or any assets of the Plan outside the jurisdiction <br /> of the district courts of the USA or outside the jurisdiction specified by the Master Trust <br /> Agreement. <br /> 6 . 5 Failure to give investment direction <br /> If at any time a Participant or Beneficiary fails to exercise his or her or its duty of investment <br /> direction (or an investment direction is refused), the Master Trustee shall , to the extent of the <br /> failure of proper investment direction, cause the Account or applicable sub-Account(s) or <br /> segregated Account to be invested as specified under a written procedure adopted by the <br /> Master Trustee. <br /> 6. 6 Investment direction during domestic relations or bankruptcy matter <br /> Notwithstanding any notice to the Plan Sponsor (or to any other person dealing with or <br /> performing services regarding the Plan ) that a domestic relations order or bankruptcy <br /> demand or court order or similar court order relating to the Plan is or may be presented, the <br /> Participant shall continue to exercise his or her duty of investment direction as required by <br /> the Plan unless a final court order expressly provides otherwise and the Plan Sponsor does <br /> not challenge, contest, or appeal the court order. <br /> Florida Municipal Pension Trust Fund <br /> Florida League of Cities, Inc . <br /> Page 29 <br /> 02, '01 /2009 <br />