Common use of Investment of Amounts in the Xxxx XXX Clause in Contracts

Investment of Amounts in the Xxxx XXX. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All funds in the IRA Account (including earnings) shall be invested in accordance with your directions and in compliance with this Agreement. You may only invest your Xxxx XXX assets in those investment options that are offered under the Program. If you do not timely provide us with directions to invest your Xxxx XXX assets, you will be defaulted into the default investment option under the Program. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this Agreement. All transactions will be subject to any and all restrictions or limitations in the Program Description and this Agreement. We have no discretion to direct any investment in your Xxxx XXX, and no responsibility to provide you with investment advice with respect to your Xxxx XXX. Also, we will not offer opinions or judgments regarding the value or suitability of any investment option for your Xxxx XXX. In the event an allowable investment under the Program closes, or the allowable investments under the Program are modified, you will be given prior notice and an opportunity to reallocate your investments to other available investments under the Program. Please see the Program Description for further details regarding changes in investment options under the Program, changes in Program fees, etc. The Custodian may receive indirect compensation for the trustee (or custodial) services that it provides to Xxxx XXX. This compensation, known as “float” income, is paid by the financial organization at which the Custodian maintains “clearing accounts” or by the investments in which the Custodian invests in such clearing accounts. Float income may arise from interest that is earned on Xxxx XXX contributions or distributions during the time that these assets are held by the Custodian in clearing accounts but are not invested in an investment option. For example, if you request a distribution and receive the distribution check but do not cash it for several days, some interest may be earned while your funds remain in the clearing account. These clearing accounts generally earn interest at a rate between the money market rate and that of U.S. Treasury Notes. The interest paid on each of these transactions is typically small, and it is likely to represent a minor portion of the overall compensation received by the Custodian. By maintaining a Xxxx XXX, you acknowledge that float income may be retained by Custodian.

Investment of Amounts in the Xxxx XXX. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All funds in the IRA Account (including earnings) shall be invested in accordance with your directions and in compliance with this Agreement. You may only invest your Xxxx XXX assets in those investment options that are offered under the Program. If you do not timely provide us with directions to invest your Xxxx XXX assets, you will be defaulted into the default investment option under the Program. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this Agreement. All transactions will be subject to any and all restrictions or limitations in the Program Description and this Agreement. We have no discretion to direct any investment in your Xxxx XXX, and no responsibility to provide you with investment advice with respect to your Xxxx XXX. Also, we will not offer opinions or judgments regarding the value or suitability of any investment option for your Xxxx XXX. In the event an allowable investment under the Program closes, or the allowable investments under the Program are modified, you will be given prior notice and an opportunity to reallocate your investments to other available investments under the Program. Please see the Program Description for further details regarding changes in investment options under the Program, changes in Program fees, etc. The Custodian may receive indirect compensation for the trustee (or custodial) services that it provides to your Xxxx XXX. This compensation, known as “float” income, is paid by the financial organization at which the Custodian maintains “clearing accounts” or by the investments in which the Custodian invests in such clearing accounts. Float income may arise from interest that is earned on Xxxx XXX contributions or distributions during the time that these assets are held by the Custodian in clearing accounts but are not invested in an investment option. For example, if you request a distribution and receive the distribution check but do not cash it for several days, some interest may be earned while your funds remain in the clearing account. These clearing accounts generally earn interest at a rate between the money market rate and that of U.S. Treasury Notes. The interest paid on each of these transactions is typically small, and it is likely to represent a minor portion of the overall compensation received by the Custodian. By maintaining a Xxxx XXX, you acknowledge that float income may be retained by Custodian.

Investment of Amounts in the Xxxx XXX. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All funds in the IRA Account (including earnings) shall be invested in accordance with your directions and in compliance with this Agreement. You may only invest your Xxxx XXX assets in those investment options that are offered under the Program. If you do not timely provide us with directions to invest your Xxxx XXX R oth IRA assets, you will be defaulted into the default investment option under the Program. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions co nditions that applied to you during your lifetime under this Agreement. All transactions will be subject to any and all restrictions or limitations in the Program Description and this Agreement. We have no discretion to direct any investment in your Xxxx XXX, and no responsibility to provide you with investment advice with respect to your Xxxx XXX. Also, we will not offer opinions or judgments regarding the value or suitability of any investment option for your Xxxx XXX. In the event an allowable investment under the Program closes, or the allowable investments under the Program are modified, you will be given prior notice and an opportunity to reallocate your investments to other available investments under the Program. Please see the Program Description Descripti on for further details regarding changes in investment options under the Program, changes in Program fees, etc. The Custodian may receive indirect compensation for the trustee (or custodial) services that it provides to Xxxx XXX. This compensation, known as “float” income, is paid by the financial organization at which the Custodian maintains “clearing accounts” or by the investments investme nts in which the Custodian invests in such clearing accounts. Float income may arise from interest that is earned on Xxxx XXX contributions or distributions during the time that these assets ass ets are held by the Custodian in clearing accounts but are not invested in an investment option. For example, if you request a distribution and receive the distribution check but do not cash it for several days, some interest may be earned while your funds remain in the clearing account. These clearing accounts generally earn interest at a rate between the money market rate and that of U.S. Treasury Notes. The interest paid on each of these transactions is typically small, and it is likely to represent rep resent a minor portion of the overall compensation received by the Custodian. By maintaining a Xxxx XXX, you acknowledge that float income may be retained by Custodian.

Investment of Amounts in the Xxxx XXX. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All funds in the IRA XXX Account (including earnings) shall be invested in accordance with your directions and in compliance with this Agreement. You may only invest your Xxxx XXX assets in those investment options that are offered under the Program. If you do not timely provide us with directions to invest your Xxxx R oth XXX assets, you will be defaulted into the default investment option under the Program. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions co nditions that applied to you during your lifetime under this Agreement. All transactions will be subject to any and all restrictions or limitations in the Program Description and this Agreement. We have no discretion to direct any investment in your Xxxx XXX, and no responsibility to provide you with investment advice with respect to your Xxxx XXX. Also, we will not offer opinions or judgments regarding the value or suitability of any investment option for your Xxxx XXX. In the event an allowable investment under the Program closes, or the allowable investments under the Program are modified, you will be given prior notice and an opportunity to reallocate your investments to other available investments under the Program. Please see the Program Description Descripti on for further details regarding changes in investment options under the Program, changes in Program fees, etc. The Custodian may receive indirect compensation for the trustee (or custodial) services that it provides to Xxxx XXX. This compensation, known as “float” income, is paid by the financial organization at which the Custodian maintains “clearing accounts” or by the investments investme nts in which the Custodian invests in such clearing accounts. Float income may arise from interest that is earned on Xxxx XXX contributions or distributions during the time that these assets ass ets are held by the Custodian in clearing accounts but are not invested in an investment option. For example, if you request a distribution and receive the distribution check but do not cash it for several days, some interest may be earned while your funds remain in the clearing account. These clearing accounts generally earn interest at a rate between the money market rate and that of U.S. Treasury Notes. The interest paid on each of these transactions is typically small, and it is likely to represent a minor portion of the overall compensation received by the Custodian. By maintaining a Xxxx XXX, you acknowledge that float income may be retained by Custodian.

Investment of Amounts in the Xxxx XXX. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All funds in the IRA XXX Account (including earnings) shall be invested in accordance with your directions and in compliance with this Agreement. You may only invest your Xxxx XXX assets in those investment options that are offered under the Program. If you do not timely provide us with directions to invest your Xxxx XXX assets, you will be defaulted into the default investment option under the Program. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this Agreement. All transactions will be subject to any and all restrictions or limitations in the Program Description and this Agreement. We have no discretion to direct any investment in your Xxxx XXX, and no responsibility to provide you with investment advice with respect to your Xxxx XXX. Also, we will not offer opinions or judgments regarding the value or suitability of any investment option for your Xxxx XXX. In the event an allowable investment under the Program closes, or the allowable investments under the Program are modified, you will be given prior notice and an opportunity to reallocate your investments to other available investments under the Program. Please see the Program Description for further details regarding changes in investment options under the Program, changes in Program fees, etc. The Custodian may receive indirect compensation for the trustee (or custodial) services that it provides to Xxxx XXX. This compensation, known as “float” income, is paid by the financial organization at which the Custodian maintains “clearing accounts” or by the investments in which the Custodian invests in such clearing accounts. Float income may arise from interest that is earned on Xxxx XXX contributions or distributions during the time that these assets are held by the Custodian in clearing accounts but are not invested in an investment option. For example, if you request a distribution and receive the distribution check but do not cash it for several days, some interest may be earned while your funds remain in the clearing account. These clearing accounts generally earn interest at a rate between the money market rate and that of U.S. Treasury Notes. The interest paid on each of these transactions is typically small, and it is likely to represent a minor portion of the overall compensation received by the Custodian. By maintaining a Xxxx XXX, you acknowledge that float income may be retained by Custodian.