Common use of Transfer Contributions Clause in Contracts

Transfer Contributions. (a) The Participant may transfer cash from another custodial account qualified under Section 403(b)(7) of the Code and/or from an annuity contract qualified under Section403(b) of the Code to the Custodial Account if the Participant certifies that the transaction meets the requirement for a tax-free transfer under IRS Revenue Ruling 90-24 and other applicable laws or rulings of the Internal Revenue Service, or is a rollover contribution described in Sections 403(b)(8) or 408(d)(3)(A)(iii) of the Code. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of this Custodial Agreement and shall be invested, distributed and otherwise dealt with as such. Such transferred fund shall be accounted for separately and continue to be subject to any distribution rules under the prior 403(b)(l) or (7) plan, which were more stringent than the rules contained in this Custodial Account.

Transfer Contributions. (a) The Participant may transfer cash from another custodial account qualified under Section 403(b)(7) of the Code and/or from an annuity contract qualified under Section403(bSection 403(b) of the Code to the Custodial Account if the Participant certifies that the transaction meets the requirement requirements for a tax-free transfer under IRS Revenue Ruling 90-24 and other applicable laws or rulings of the Internal Revenue Service, or is a rollover contribution described in Sections 403(b)(8) or 408(d)(3)(A)(iii) of the Code. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of this Custodial Agreement and shall be invested, distributed and otherwise dealt with as such. Such transferred fund funds shall be accounted for separately and continue to be subject to any distribution rules under the prior 403(b)(l403(b)(1) or (7) plan, which were more stringent than the rules contained in this Custodial Account.

Transfer Contributions. (a) The Participant may transfer cash from another an- other custodial account qualified under Section 403(b)(7) of the Code and/or from an annuity contract qualified under Section403(b) of the Code to the Custodial Account if the Participant Par- ticipant certifies that the transaction meets the requirement for a tax-free transfer under IRS Revenue Ruling 90-24 and other applicable laws or rulings of the Internal Revenue Service, or is a rollover contribution described in Sections 403(b)(8) or 408(d)(3)(A)(iii) of the Code. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of this Custodial Agreement and shall be invested, distributed and otherwise dealt with as such. Such transferred fund shall be accounted for separately and continue to be subject to any distribution rules under the prior 403(b)(l) or (7) plan, which were more stringent than the rules contained in this Custodial Account.