Common use of Unidentified Assets Clause in Contracts

Unidentified Assets. If the Program Sponsor receives any money, securities or other property from a source other than the Participant or Employer and has not received appropriate notification that such assets are to be accepted for the Custodial Account, the Program Sponsor is authorized to return such assets to the person from whom they were received. Neither the Program Sponsor nor the Custodian will be liable for any assets returned in such circumstances.

Unidentified Assets. If the Custodian or the Program Sponsor receives any money, securities or other property from a source other than the Participant or Employer and has not received appropriate notification that such assets are to be accepted for the Custodial Account, the Custodian and the Program Sponsor is are authorized to return such assets to the person Person from whom they were received. Neither the Custodian nor the Program Sponsor nor the Custodian will be liable for any assets returned in such circumstances.