check out firdt paragraph of 310.4.
Note words in parentheses: (electrically joined at both ends to form a single conductor)
I don't know, maybe the conductors "end" past the switches and where the connections are made at the coils.
Also, you're right that the NEC is not to be used to inspect listed and labeled equipment. It does not say that we have to blindly accept it without being able to ask how this is justified.
I've seen planty of listed and labeled equipment that somehow slipped by and was shipped to the field with a deviation from the way the equipment was originally submitted to UL.
