Common use of Account Errors Clause in Contracts

Account Errors. If the Account Owner believes an error has been made in connection with the opening of an account (e.g., the new account’s Investment Option was not what the Account Owner indicated on the Enrollment Form), or that contributions, withdrawals, or other transactions in the account are incorrect, the Plan must be notified within 60 days from the date your confirmation or quarterly statement was mailed, whichever is earlier. If you do not notify the Plan within 60 days, you will be considered to have approved the information in the confirmation or quarterly statement and to have released the State of Nebraska or its officials/employees, the Nebraska Investment Council, the Nebraska State Treasurer, the Nebraska State Investment Officer, First National Bank of Omaha or its authorized agents or their affiliates, or any other federal or state entity or person from responsibility for all matters covered by the confirmation or quarterly statement, as applicable. The Program Manager may waive the 60-day notice requirement at its sole discretion in the event that an error has occurred. In order to timely process any transaction, such as opening an account in or processing a contribution to the Plan, all necessary documents must be in good order. Documents are in good order when they are fully, properly and accurately completed, executed (where necessary) and received by the Program Manager or its authorized agents. For example, in order for an Enrollment Form or a contribution to be received in good order, certain information must be provided. Transaction requests not in good order will prevent or delay the processing of requests. The Program Manager will close accounts (i) upon the rollover of all of an Account Owner’s account balance to another qualified ABLE program, during the life of the Account Owner, (ii) upon the .......................................................................................................................................................................................................... Opening and maintaining an account transfer of all of an Account Owner’s account balance to another account within Enable, but only during the life of the Account Owner, and only if the receiving Account Owner is an Eligible Individual and a Member of the Family of the current Account Owner, (iii) if the Account Owner or his or her Authorized Individual requests that the account be closed at the time of a withdrawal of all assets in the Enable account, or (iv) when the account has a zero balance for 60 calendar days and there are no pending contributions planned for funding the account. ..........................................................................................................................................................................................................

Account Errors. If the Account Owner believes an error has been made in connection with the opening of an account (e.g., the new account’s Investment Option was not what the Account Owner indicated on the Enrollment Form), or that contributions, withdrawals, or other transactions in the account are incorrect, the Plan must be notified within 60 days from the date your confirmation or quarterly statement was mailed, whichever is earlier. If you do not notify the Plan within 60 days, you will be considered to have approved the information in the confirmation or quarterly statement and to have released the State of Alabama, the State of Nebraska or its their officials/employees, the Nebraska Investment Council, the Alabama State Treasurer, the Nebraska State Treasurer, the Nebraska State Investment Officer, First National Bank of Omaha or its authorized agents or their affiliates, or any other federal or state entity or person from responsibility for all matters covered by the confirmation or quarterly statement, as applicable. The Program Manager may waive the 60-day notice requirement at its sole discretion in the event that an error has occurred. In order to timely process any transaction, such as opening an account in or processing a contribution to the Plan, all necessary documents must be in good order. Documents are in good order when they are fully, properly and accurately completed, executed (where necessary) and received by the Program Manager or its authorized agents. For example, in order for an Enrollment Form or a contribution to be received in good order, certain information must be provided. Transaction requests not in good order will prevent or delay the processing of requests. The Program Manager will close accounts (i) upon the rollover of all of ............................................................................................................................................................................................................ Opening and maintaining an Account Owner’s account balance to another qualified ABLE program, during the life of the Account Owner, (ii) upon the .......................................................................................................................................................................................................... Opening and maintaining an account transfer of all of an Account Owner’s account balance to another account within Enablethe Trust, but only during the life of the Account Owner, and only if the receiving Account Owner is an Eligible Individual and a Member of the Family of the current Account Owner, (iii) if the Account Owner or his or her Authorized Individual requests that the account be closed at the time of a withdrawal of all assets in the Enable Alabama account, or (iv) when the account has a zero balance for 60 calendar days and there are no pending contributions planned for funding the account. ..........................................................................................................................................................................................................or