Common use of Termination of Agreement, Resignation, or Removal of Custodian Clause in Contracts

Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your inherited XXX to another financial organization. If you do not complete a transfer of your inherited XXX within 30 days from the date we send the notice to you, we have the right to transfer your inherited XXX assets to a successor inherited XXX trustee or custodian that we choose in our sole discretion, or we may pay your inherited XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your inherited XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your inherited XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your inherited XXX If we are a nonbank custodian required to comply with Regulations GENERAL INSTRUCTIONS

Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your inherited XXX to another financial organization. If you do not complete a transfer of your inherited XXX within 30 days from the date we send the notice to you, we have the right to transfer your inherited XXX assets to a successor inherited XXX trustee or custodian that we choose in our sole discretion, or we may pay your inherited XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your inherited XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your inherited XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your inherited XXX If we are a nonbank custodian required to comply with Regulations GENERAL INSTRUCTIONSsection 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your inherited XXX to you in cash or property if the balance of your inherited XXX drops below the minimum balance required under the applicable investment or policy established.

Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your inherited XXX SIMPLE IRA to another financial organization. If you do not complete a transfer of your inherited XXX SIMPLE IRA within 30 days from the date we send the notice to you, we have the right to transfer your inherited XXX SIMPLE IRA assets to a successor inherited XXX SIMPLE IRA trustee or custodian that we choose in our sole discretion, or we may pay your inherited XXX SIMPLE IRA to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your inherited XXX SIMPLE IRA a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your inherited XXX SIMPLE IRA • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your inherited XXX If we are SIMPLE IRA We may establish a nonbank custodian policy requiring distribution of the entire balance of your SIMPLE IRA to you in cash or property if the balance of your SIMPLE IRA drops below the minimum balance required to comply with Regulations GENERAL INSTRUCTIONSunder the applicable investment or policy established.

Termination of Agreement, Resignation, or Removal of Custodian. Either party may terminate this agreement Agreement at any time by giving written notice to the other. We can resign as custodian Custodian at any time effective 30 days after we send mail written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your inherited Xxxx XXX to another financial organization. If you do not complete a transfer of your inherited Xxxx XXX within 30 days from the date we send mail the notice to you, we have the right to transfer your inherited Xxxx XXX assets to a successor inherited succes- sor Xxxx XXX custodian or trustee or custodian that we choose in our sole discretion, or we may pay your inherited Xxxx XXX to you in a single sum. We will shall not be liable for any actions or failures to act on the part of any successor trustee custodian or custodiantrustee, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement Agreement is terminated, we may charge to your inherited Xxxx XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to to, one or more of the following. : • Any fees, expenses, or taxes chargeable against your inherited XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your inherited XXX If we are a nonbank custodian required to comply with Regulations GENERAL INSTRUCTIONSXxxx XXX;