Common use of Fund Clause in Contracts

Fund. Fund means all of the money, securities, debt instruments and other property which may be transferred, assigned and delivered to the Custodian from time to time to be held in custody hereunder in the Custodial Account, together with the investments made with them, the proceeds received from them, and the gains and accumulations on them, and the portion thereof from time to time remaining, to be held and disposed of by the Custodian (without distinction between principal and interest) in accordance with the terms and provisions of this Agreement and proper directions received by the Custodian. High Deductible Health Plan (HDHP). An HDHP is a health plan that provides self only or Family medical coverage and that has a minimum annual deductible and an annual out-of-pocket maximum (deductibles, co-payments and other amounts, but not premiums) that meet IRS limitations for self-only or Family medical coverage, as applicable, in order to qualify as a “high” deductible health plan. These limits are subject to cost-of-living adjustments each calendar year. Limits for the current year may be found at xxx.xxxxxxxx.xxx or in IRS Publication 969. Instruction. An Instruction to the Custodian is any oral, written or electronic direction given in a form and manner required or accepted by the Custodian. The Custodian may require that any Instruction be in writing or in an electronic format, and may recognize standing requests, directions, or requisitions as Instructions. Qualified Medical Expenses. Qualified Medical Expenses are amounts paid for medical care as defined in Section 213(d) of the Internal Revenue Code for the Account Owner, his or her spouse, or tax dependents, but only to the extent that such amounts are not compensated for by insurance or otherwise. With certain exceptions, health insurance premiums are not Qualified Medical Expenses. Regulations. Regulations mean the U.S. Treasury Regulations. Self-Only Coverage and Family Coverage. Under an HDHP. Family medical coverage means coverage that is not self-only coverage.

Fund. Fund means all of the money, securities, debt instruments and other property which may be transferred, assigned and delivered to the Custodian from time to time to be held in custody hereunder in the Custodial Account, together with the investments made with them, the proceeds received from them, and the gains and accumulations on them, and the portion thereof from time to time remaining, to be held and disposed of by the Custodian (without distinction between principal and interest) in accordance with the terms and provisions of this Agreement and proper directions received by the Custodian. High Deductible Health Plan (HDHP). An HDHP is a health plan that provides self only selfonly or Family medical coverage and that has a minimum annual deductible and an annual out-of-pocket maximum (deductibles, co-payments and other amounts, but not premiums) that meet IRS limitations for self-only or Family medical coverage, as applicable, in order to qualify as a “high” deductible health plan. These limits are subject to cost-of-living adjustments each calendar year. Limits for the current year may be found at xxx.xxxxxxxx.xxx or in IRS Publication 969. Instruction. An Instruction to the Custodian is any oral, written or electronic direction given in a form and manner required or accepted by the Custodian. The Custodian may require that any Instruction be in writing or in an electronic format, and may recognize standing requests, directions, or requisitions as Instructions. Qualified Medical Expenses. Qualified Medical Expenses are amounts paid for medical care as defined in Section 213(d) of the Internal Revenue Code for the Account Owner, his or her spouse, or tax dependents, but only to the extent that such amounts are not compensated for by insurance or otherwise. With certain exceptions, health insurance premiums are not Qualified Medical Expenses. Regulations. Regulations mean the U.S. Treasury Regulations. Self-Only Coverage and Family Coverage. Under an HDHP. Family medical coverage means coverage that is not self-only coverage.