Common use of Discretionary Disbursements Clause in Contracts

Discretionary Disbursements. The Participant acknowledges that all disbursements from a Lifetime Beneficiary’s Subaccount are discretionary, as determined by the Trustee or if subject to a guardianship pursuant to court order or a court approved budget. Prior to making distributions, Marquette Bank, as Trustee, shall consider the following factors:

Appears in 2 contracts

Samples: Participation Agreement, Participation Agreement

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Discretionary Disbursements. The Participant acknowledges that all disbursements from a Lifetime Beneficiary’s Subaccount are discretionary, as determined by the Trustee or if subject to a guardianship pursuant to court order or a court approved budgetTrustee. Prior to making distributionsAs such, the Participant may elect one of the following Discretionary Distribution Standards by which Marquette Bank, as Trustee, shall consider make distributions to Lifetime Beneficiaries (please initial on the following factors:line next to the selected option):

Appears in 2 contracts

Samples: Participation Agreement, Participation Agreement

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