Retirement Accounts. With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.
Retirement Accounts. With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, shall arrange for the provision of appropriate prototype plans as well as provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial services to be provided by State Street Bank and Trust Company, in its capacity as a bank, account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.
Retirement Accounts. In connection with orders for the purchase of shares on behalf of an individual retirement account, self-employed retirement plan or other retirement accounts, by mail, telephone, wire or through the Sites you shall act as agent for the custodian or trustee of such plans and you shall not place such an order until you have received from your customer payment for such purchase and, if such purchase represents the first contribution to such a plan, the completed documents necessary to establish the plan and enrollment in the plan. You agree to indemnify us and Franklin Txxxxxxxx Bank & Trust, F.S.B. and/or Fiduciary Trust International of the South as applicable for any claim, loss, or liability resulting from incorrect investment instructions received from you which cause a tax liability or other tax penalty.
Retirement Accounts. (a) At the Closing, Seller shall resign as trustee and custodian with respect to any individual retirement account (“XXX Account”) as to which Seller is trustee or custodian and as to which one or more of the assets included therein is a deposit included within the Deposits transferred to Buyer on the Closing Date. At the Closing, Seller shall designate or appoint Buyer as successor trustee or custodian under each such XXX Account.
Retirement Accounts. Seller will provide Buyer with the proper trust documents for any Retirement Accounts assumed by Buyer under Section 2.02 of this Agreement. Seller shall be responsible for all federal and state income tax reporting of Retirement Accounts for the period of time during the calendar year 2004 prior to the Closing Date. Buyer shall be responsible for all federal and state income tax reporting for the period of time during the calendar year 2004 from and after the Closing Date.
Retirement Accounts. If Client is investing through an account that is a “plan” under Section 4975 of the Internal Revenue Code of 1986 (the “Code”) (other than ERISA Plans which are not permitted to invest through the Program), i.e., an individual retirement account (an “XXX”) including a traditional XXX, a Xxxx XXX, or an owner-only Simplified Employer Pension XXX where the only eligible participants of the SEP XXX are the business owners and their spouses (“SEP XXX”) (collectively “Retirement Accounts”), Client represents, warrants and agrees that (i) Client is the fiduciary or owner of the Retirement Account, (ii) Client has reviewed the governing Retirement Account instrument and the applicable laws and regulations and has determined that Client’s participation in the Program is permitted, and, unless Client notifies LPL in writing to the contrary, will continue to be permitted, by the relevant governing Retirement Account instrument and such applicable laws and regulations, (iii) Client has determined that IAR’s, LPLs, and FutureAdvisor’s fees and compensation are reasonable for the services provided and are proper expenses payable by the Retirement Account in accordance with the terms of the governing Retirement Account documents and the Code and that Client has received disclosures necessary to make such determination, and (iv) Client will immediately notify LPL and FutureAdvisor in accordance with Section 19 of this Agreement in the event that the Retirement Account becomes subject to ERISA. LPL and FutureAdvisor are not and do not act as fiduciaries to any ERISA Plan or Retirement Account with respect to Client’s decision to participate in a Program, or to contribute to, or withdraw assets from, a Program. Client represents and warrants that it has made the decision to participate in a Program independently of LPL and FutureAdvisor, that it will make decisions regarding whether to contribute to, or withdraw assets from, the Account independently of LPL and the FutureAdvisor, and that it has not relied, and will not rely, upon any advice provided by LPL or FutureAdvisor as a primary basis for any such decision. Client should consider whether to seek the advice of counsel or other independent experts as necessary.
Retirement Accounts. In connection with orders for the purchase of shares on behalf of an individual retirement account, self-employed retirement plan or other retirement accounts, by mail, telephone, wire or through the Sites you shall act as agent for the custodian or trustee of such plans and you shall not place such an order until you have received from your customer payment for such purchase and, if such purchase represents the first contribution to such a plan, the completed documents necessary to establish the plan and enrollment in the plan. You agree to indemnify us and Franklin Xxxxxxxxx Bank & Trust, F.S.B. and/or Fiduciary Trust International of the South as applicable for any claim, loss, or liability resulting from incorrect investment instructions received from you which cause a tax liability or other tax penalty. Conditional Orders; Certificates. We will not accept from you any conditional orders for shares of any of the Funds. Delivery of certificates or confirmations for shares purchased shall be made by the Funds only against constructive receipt of the purchase price, subject to deduction for your concession and our portion of the sales charge, if any, on such sale. No certificates for shares of the Funds will be issued unless specifically requested.
Retirement Accounts. Upon appropriate written authorization from the teacher, the employer shall deduct from the salary of any teacher and make appropriate remittance to approved tax-sheltered annuity vendors. Tax sheltered deductions shall be submitted prior to August 15, effective the first pay in September or prior to December 1, effective January 1. Payments to the vendor will be made on a monthly basis.
Retirement Accounts. Seller will provide Buyer with the proper trust documents and all related information for any Retirement Accounts assumed by Buyer under Section 2.02 of this Agreement. Buyer shall be responsible for all federal and state income tax reporting of Retirement Accounts for 2010. Seller agrees to cooperate with Buyer to permit Buyer to retain Seller’s current reporting service provider (and assume any such contract) (if Buyer elects to do so) and to assist Buyer in the preparation of any such reports or background materials needed for the preparation of any such reports.
Retirement Accounts. Buyer will assume certain Retirement Accounts held at Seller's Branch according to the terms contained herein and in the Retirement Accounts Transfer Agreement attached hereto as Exhibit C. Buyer shall not collect an annual fee for 1999.
