Your Investment Options. Your Investment Options (page 29) In this section, you will find information about your Investment Options, including a discussion of the Age-Based Investment Option, the Asset Allocation Investment Option and the Individual Portfolio Investment Option. • You can choose the Age-Based Option, which automatically moves your assets to progressively more conservative Portfolios as your Beneficiary approaches college age. • You can choose from among the six Asset Allocation Portfolios that invest in asset allocations based on your risk tolerance. • You can choose from among sixteen Individual Portfolios that allow you to build or customize your own asset allocation model. You should consider the information carefully before choosing to invest in one or more of these Investment Options. You may change your Investment Options for balances currently in your Advisor-Guided Plan Account up to two times per calendar year or if you change your Beneficiary. You can apply new contributions to your existing Portfolio selections or to new Portfolios. Important Tax Information (page 40) This section summarizes some of the federal and New York State tax consequences of investing in the Advisor-Guided Plan. However, this is not an exhaustive discussion and is not intended as individual tax advice. Plan Governance (page 44) The section summarizes the administration of the Advisor-Guided Plan. • The Trust—a statutory trust created by the New York State Legislature specifically for the purpose of holding and investing the Program’s assets. • The Program—The New York State College Choice Tuition Savings Program, which consists of the Direct Plan and the Advisor-Guided Plan. • Program Administrators—The Comptroller and HESC. • Program Manager—Ascensus Broker Dealer Services, LLC. • Investment Manager—X.X. Xxxxxx Investment Management Inc. (JPMIM). • Custodian—The Bank of New York Mellon. The Advisor-Guided Plan Privacy Policy (page 46) This section contains information about which parties may request your personal information, who is responsible for maintaining that information, and how the Advisor-Guided Plan will use your personal information. Protections and Limitations (page 47) In this section you will learn about the rights and obligations associated with your Account, considerations related to changes in your Account, and state and federal laws. Glossary (Page 48) This section provides definitions of terms contained in this Disclosure Booklet. Note that terms defined in th...

Your Investment Options. Pricing of Portfolio Units and Trade Date Policies.) During periods of market volatility and at year-end, withdrawal requests may take up to five business days to process. Certain Contributions will not be available for withdrawal for seven business days. Withdrawals will be held for nine business days following the change of mailing address if the Account Owner requests that the proceeds are to be sent by check to the new address. The nine-day hold does not apply to checks sent directly to the Eligible Educational Institution. Withdrawals by ACH will not be available for 15 calendar days after bank information has been added or edited. A New York Qualified Withdrawal can be paid by check to the Account Owner or Beneficiary, via ACH to the Account Owner or by check directly to an Eligible Educational Institution. We will pay the proceeds of a Federal or New York Non-Qualified Withdrawal and withdrawals due to the death or Disability of, or receipt of a Qualified Scholarship or attendance at a Military Academy by, a Beneficiary only by check or ACH payable to the Account Owner. Please allow 7–10 business days from the date your withdrawal is processed for your distributions to reach you, the Beneficiary, or the Eligible Educational Institution, as applicable. In keeping with HESC’s mission to help students pay for college, you may also request that HESC transfer your New York Qualified Withdrawal to your Beneficiary’s Eligible Educational Institution. If you request that HESC transfer the withdrawal, we will transfer funds to HESC, and HESC, in turn, will transfer the withdrawal to the applicable Eligible Educational Institution. Please allow two to three weeks for this process. When making a withdrawal from an Account whose assets are invested in more than one Portfolio, you must select the Portfolio(s) from which your funds are to be withdrawn. If you do not designate a particular Investment Option or Options, the withdrawal will be taken proportionately from each of your existing Investment Options. Although we will report the earnings portion of all withdrawals as required by applicable federal and state tax law, it is solely the responsibility of the person receiving the withdrawal to calculate and report any resulting tax liability. Types of Withdrawals Proceeds from your Account may be used to pay for Qualified Higher Education Expenses including tuition, fees, books, and reasonable room and board expenses. Withdrawals are classified by the IRS and t...

Your Investment Options. This, in turn, may affect the performance of the Portfolios, and the ability of the Portfolios to achieve their investment objectives. Under New York State law, the Comptroller and HESC must solicit competitive bids for a new Program Manager whose appointment would be effective at the scheduled termination of the current Management Agreement with Ascensus Broker Dealer Services, LLC, in May 2023. In certain circumstances Ascensus may cease to be the Program Manager, or JPMIM may cease to be the Investment Manager, before the scheduled termination date—e.g., due to a material breach of the Management Agreement by Ascensus.

Your Investment Options. ‌ In this Section, you will find information about your Investment Options, including a discussion of the Age-Based Option, the Asset Allocation Investment Option, and the Individual Portfolio Investment Option. You should consider the information carefully before choosing to invest in one or more of these Investment Options. Information related to each Portfolio’s strategy and risks discussed in this Section and Appendix A: Underlying Funds have been provided by JPMIM or SSGA Funds Management, Inc. and has not been independently verified by the Program Administrators, who make no representation as to the information’s accuracy or completeness.

Your Investment Options. Pricing of Portfolio Units and Trade Date Policies. Contributions to your Account by a third party are generally not deductible from New York State taxable income by you or the third party. Also, contributions are not includable in computing the New York State taxable income of your Beneficiary for New York State personal income tax purposes. Please contact the DTF to see if the contribution qualifies for a deduction.

Related to Your Investment Options

Investment Options You may direct the investment of your funds within this IRA into any investment instrument offered by or through the Custodian. The Custodian will not exercise any investment discretion regarding your IRA, as this is solely your responsibility. FEES There are certain fees and charges connected with your IRA investments. These fees and charges may include the following. • Sales Commissions • Set Up Fees • Investment Management Fees • Annual Maintenance Fees • Distribution Fees • Surrender or Termination Fees To find out what fees apply, refer to the investment prospectus or contract. There may be certain fees and charges connected with the IRA itself. (Select and complete as applicable.) Annual Custodial Service Fee* $ No Charge Overnight Distribution $ 16.50 Wire Fee $ 12.50 Transfer Out Fee $ The greater of $100.00 or $25.00 per position Other (Explain) We reserve the right to change any of the above fees after notice to you, as provided in your IRA agreement. *The annual custodial fee will be borne by your Investment Advisor.
Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof:
Investment Funds Unregistered general or limited partnerships or pooled investment vehicles and/or registered investment companies in which the Company (directly, or indirectly through the Master Fund) invests its assets that are advised by an Investment Manager.
Elective Distributions in Cash or Shares Whenever the Company intends to distribute a dividend payable at the election of the holders of Shares in cash or in additional Shares, the Company shall give notice thereof to the Depositary at least 30 days prior to the proposed distribution stating whether or not it wishes such elective distribution to be made available to Holders of ADSs. Upon receipt of notice indicating that the Company wishes such elective distribution to be made available to Holders of ADSs, the Depositary shall consult with the Company to determine, and the Company shall assist the Depositary in its determination, whether it is lawful and reasonably practicable to make such elective distribution available to the Holders of ADSs. The Depositary shall make such elective distribution available to Holders only if (i) the Company shall have timely requested that the elective distribution is available to Holders of ADRs, (ii) the Depositary shall have received satisfactory documentation within the terms of Section 5.7 hereof (including, without limitation, any legal opinions of counsel in any applicable jurisdiction that the Depositary in its reasonable discretion may request, at the expense of the Company) and (iii) the Depositary shall have determined that such distribution is lawful and reasonably practicable. If the above conditions are not satisfied, the Depositary shall, to the extent permitted by law, distribute to the Holders, on the basis of the same determination as is made in the local market in respect of the Shares for which no election is made, either cash upon the terms described in Section 4.1 hereof or additional ADSs representing such additional Shares upon the terms described in Section 4.2 hereof. If the above conditions are satisfied, the Depositary shall establish an ADS Record Date (on the terms described in Section 4.7 hereof) and establish procedures to enable Holders to elect the receipt of the proposed dividend in cash or in additional ADSs. The Company shall assist the Depositary in establishing such procedures to the extent necessary. Subject to Section 5.9 hereof, if a Holder elects to receive the proposed dividend in cash, the dividend shall be distributed upon the terms described in Section 4.1 hereof or in ADSs, the dividend shall be distributed upon the terms described in Section 4.2 hereof. Nothing herein shall obligate the Depositary to make available to Holders a method to receive the elective dividend in Shares (rather than ADSs). There can be no assurance that Holders generally, or any Holder in particular, will be given the opportunity to receive elective distributions on the same terms and conditions as the holders of Shares.
Rights as Shareholder; Dividend Equivalents 5.1 The Grantee shall not have any rights of a shareholder with respect to the shares of Common Stock underlying the Restricted Stock Units unless and until the Restricted Stock Units vest and are settled by the issuance of such shares of Common Stock.
Multiple Options In the event that Lessee has any multiple Options to extend or renew this Lease, a later Option cannot be exercised unless the prior Options have been validly exercised.
Exercise of Over-allotment Option The Over-allotment Option granted pursuant to Section 2(c) hereof may be exercised by the Representative within 45 days of the Closing Date. The purchase price to be paid per Additional Shares shall be equal to the price per Firm Share in Section 2(a). The Underwriters shall not be under any obligation to purchase any Additional Shares prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may be exercised by the giving of oral notice to the Company from the Underwriters, which shall be confirmed in writing via overnight mail or facsimile or other electronic transmission, setting forth the number of Additional Shares to be purchased and the date and time for delivery of and payment for the Additional Shares (the “Option Closing Date”), which shall not be later than five (5) full Business Days after the date of the notice or such other time as shall be agreed upon by the Company and the Underwriters, at the offices of the Representative’s counsel or at such other place (including remotely by facsimile or other electronic transmission) as shall be agreed upon by the Company and the Underwriters. If such delivery and payment for the Additional Shares does not occur on the Closing Date, the Option Closing Date will be as set forth in the notice. Upon exercise of the Over-allotment Option with respect to all or any portion of the Additional Shares, subject to the terms and conditions set forth herein, (i) the Company shall become obligated to sell to the Underwriters the number of Additional Shares specified in such notice and (ii) the Underwriters shall purchase that portion of the total number of Additional Shares.
Over Allotment Option 1.2.1. The Representative shall have the option (the “Over-Allotment Option”) to purchase all or less than all of an additional 1,500,000 Units (the “Option Units”) solely for the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Units. Such Option Units shall, at the Representative’s election, be purchased for each account of the several Underwriters in the same proportion as the number of Firm Units set forth opposite such Underwriter’s name on Schedule A hereto (subject to adjustment by the Representative to eliminate fractions). Such Option Units shall be identical in all respects to the Firm Units. The Firm Units and the Option Units are hereinafter collectively referred to as the “Public Securities.” No Option Units shall be sold or delivered unless the Firm Units previously have been, or simultaneously are, sold and delivered. The right to purchase the Option Units, or any portion thereof, may be exercised from time to time and to the extent not previously exercised may be surrendered and terminated at any time upon notice by the Representative to the Company. The purchase price to be paid for each Option Unit (net of discounts and commissions) will be $9.80 per Option Unit.
Omnibus Shares Omnibus Shares of a Fund outstanding on any date shall be attributed to the Distributor or a Successor Distributor, as the case may be, in the same proportion that the Non-Omnibus Commission Shares of the applicable Fund outstanding on such date are attributed to it on such date; provided that if the Distributor reasonably determines that the transfer agent is able to produce monthly reports that track the Date of Original Issuance for the Omnibus Shares, then the Omnibus Shares shall be allocated pursuant to clause 1(a), (b) and (c) above.
Non-Qualified Stock Options The Options granted hereunder are not intended to be Incentive Stock Options or Qualified Stock Options.

Your Investment Options Sample Clauses

Filter & Search

Related Clauses

Parent Clauses

Sub-Clauses

Related to Your Investment Options