Section 4. Modification of Designated Financial Institution Rules

Notwithstanding any limitation on an Eligible Employee’s right to transfer, without cost or penalty, the balance in his or her SIMPLE IRA maintained at a designated financial institution to another SIMPLE IRA, an employee described in Section 1.2 above may request such a transfer during the 60 days immediately following the employee’s first 60-day election period under the Automatic Contribution Arrangement. This period is in addition to any other periods provided under this SIMPLE IRA Plan, and the transfer request can apply to the entire balance accrued since default salary reduction contributions were first made on the employee’s behalf and to the balance attributable to future contributions, at the employee’s request.