Common use of Transaction Type Clause in Contracts

Transaction Type. Total Distribution — select one, account will be closed: Total distribution of the entire account in cash and securities. Total distribution of the entire account in cash ONLY. Please arrange to have your advisor or financial institution liquidate all assets. One-Time Partial Distribution: Gross Net Cash payment in the amount of $ Distribute securities (indicate symbol, description and quantity). IF NEITHER GROSS NOR NET IS SELECTED, GROSS WILL BECOME THE DEFAULT. SYMBOL DESCRIPTION SHARE CLASS QUANTITY IF “NET” IS ELECTED, APPLICABLE TAXES MUST BE AVAILABLE IN CASH. Periodic Distributions Please complete sections below for scheduled checks, ACH and journals. Request Type New request Change of instructions Frequency Semi-Monthly Monthly Quarterly Semi-Annually Annually Start Date End Date (optional) — — — — Distribution Type Principal payment in the amount of $ Income (dividends and capital gains) and interest Required Minimum Distribution due to reaching age 70½ (Scheduled RMD) Required Minimum Distribution due to death (Scheduled RMD from an Inherited IRA) Periodic distributions will be calculated for spouse and non-spouse beneficiaries based on the single life expectancy of the original beneficiary of the IRA. In order to calculate your RMD, please ensure that you have provided your advisor with the following information, if you have not already done so. Decedent’s Date of Birth (original owner) Decedent’s Date of Death (original owner) — — — — Original Beneficiary’s Date of Birth (for RMD calculation) Relationship to Decedent (relationship to original owner) — —

Transaction Type. Total Distribution — select one, account will be closed: Total distribution of the entire account in cash and securities. Total distribution of the entire account in cash ONLY. Please arrange to have your advisor or financial institution liquidate all assets. One-Time Partial Distribution: Gross Net IF NEITHER GROSS Cash payment in the amount of $ Distribute securities (indicate symbol, description and quantity). IF NEITHER GROSS NOR NET IS SELECTED, GROSS WILL BECOME THE DEFAULT. SYMBOL DESCRIPTION SHARE CLASS QUANTITY IF “NET” IS ELECTED, APPLICABLE TAXES MUST BE AVAILABLE IN CASH. Periodic Distributions Please complete sections below for scheduled checks, ACH and journals. Request Type New request Change of instructions Frequency Semi-Monthly Monthly Quarterly Semi-Annually Annually Start Date End Date (optional) — — — — Distribution Type Principal payment in the amount of $ Income (dividends and capital gains) and interest Required Minimum Distribution due to reaching age 70½ (Scheduled RMD) Required Minimum Distribution due to death (Scheduled RMD from an Inherited IRAXXX) Periodic distributions will be calculated for spouse and non-spouse beneficiaries based on the single life expectancy of the original beneficiary of the IRAXXX. In order to calculate your RMD, please ensure that you have provided your advisor with the following information, if you have not already done so. Decedent’s Date of Birth (original owner) Decedent’s Date of Death (original owner) — — — — Original Beneficiary’s Date of Birth (for RMD calculation) Relationship to Decedent (relationship to original owner) — —Important Information About Year-end RMD Distributions By selecting the Required Minimum Distribution option, you agree to a “supplemental” distribution (up to the available cash in your account) to meet the RMD amount if the account’s RMD obligations for the year has not been met by the last day of the year. Please note: Any additional distributions, either from one-time distribution(s) or additional periodic distributions plans, will not automatically reduce your annually calculated RMD schedule payment amount. In addition, other attributes of your periodic RMD payment schedule will not change. So you may end up distributing more than your required minimum distribution amount for the year. PERIODIC DISTRIBUTION OR STANDING INSTRUCTIONS WILL EXPIRE WITHIN 36 MONTHS OF NON-USE. PERIODIC DISTRIBUTIONS MUST BE INITIATED IN PRINCIPAL AMOUNT NOT FACTORING IN YOUR WITHHOLDING ELECTION. YOUR ADVISOR WILL ADD THIS INFORMATION TO YOUR ACCOUNT PROFILE TO ENSURE YOUR RMD IS CALCULATED ANNUALLY. This space intentionally left blank.