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A.4.2. Investment Approach, <br />4.2.1. The following provisions apply if and only if the OPEB Plan box above is checked; <br />OPEB Account. OPEB Account assets are invested in the discretion of (check one and only one of the <br />following boxes): <br />Discretionary investment, approach: <br />❑ The Bank, subject to Exhibit A (Investment Strategy Selection and Disclosure Form) <br />hereto. <br />Directed investment approach: <br />❑ The Plan Administrator. <br />The following registered investment adviser, bank (other than the Bank), or insurance <br />company (a "Third -Party Manager "): <br />The Employer <br />hereby represents and warrants that attached hereto is an executed copy of the agreement <br />with the above appointed Third Party Manager. <br />42.2. The following provisions apply if and only if the Pension Plan box above is checked: <br />Pension Account. Pension Account assets are invested in the discretion of (check one and only one of <br />the following boxes): <br />Discretionary investment approach: <br />❑ The Bank, subject to Exhibit A (Investment Strategy Selection and Disclosure Form) <br />hereto. <br />Directed investment X. rp oach: <br />❑ The Plan Administrator. <br />❑ The following registered investment adviser, bank (other than the Bank), or insurance <br />company (a "Third -Party Manager "): <br />The Employer <br />hereby represents and warrants that attached hereto is an executed copy of the agreement <br />with the above appointed Third Parry Manager. <br />Page 3 of 4 <br />5501-23 <br />