Common use of Form of Distributions Clause in Contracts

Form of Distributions. Distributions may be made in cash or, if permitted under policies and procedures established by Xxxxxx Xxxxx, in kind. Subject to the provisions of Article V, Xxxxxx Xxxxx shall make distributions from my Account at such time, in such manner and in such amounts as shall be requested by me (or, in the event of my death, any designated or successor beneficiary). Any such request may be verbal or in writing in a form acceptable to Xxxxxx Xxxxx, shall designate the assets to be sold to provide for the distribution, and shall be followed or accompanied by such documentation as shall be requested by Xxxxxx Xxxxx. I shall be solely responsible to pay all taxes and penalties that may become due as a result of any such distribution. Xxxxxx Xxxxx shall not be responsible or be liable for the purpose, timing, sufficiency or propriety of any distribution or for distributions made in reasonable good faith.

Form of Distributions. Distributions may be made in cash or, if permitted under policies and procedures established by Xxxxxx Xxxxx, in kind. Subject to the provisions of Article VIV, Xxxxxx Xxxxx shall make distributions from my Account at such time, in such manner and in such amounts as shall be requested by me (or, in the event of my death, any designated or successor beneficiary). Any such request may be verbal or in writing in a form acceptable to Xxxxxx Xxxxx, shall designate the assets to be sold to provide for the distribution, and shall be followed or accompanied by such documentation as shall be requested by Xxxxxx Xxxxx. I shall be solely responsible to pay all taxes and penalties that may become due as a result of any such distribution. Xxxxxx Xxxxx shall not be responsible or be liable for the purpose, timing, sufficiency or propriety of any distribution or for distributions made in reasonable good faith.