Distributions From the Custodial Account. 9. The Custodian shall make such distributions as the Plan Administrator shall direct in writing. At no time shall it be possible for any part of the assets of the Custodial Account to be used for or diverted to purposes other than for the exclusive benefit of Participants and their beneficiaries. In connection with the making of any distributions, the Custodian may rely solely on the accuracy of all facts supplied at any time by the Plan Administrator, including any written designation of beneficiary. By directing a distribution, the Plan Administrator shall be deemed to represent that such distribution complies with the provisions of the Plan, including, but not limited to, those provisions relating to the distribution of a qualified joint and survivor annuity or a pre-retirement survivor annuity. In connection with the making of any distributions, the Custodian shall have the right to demand from the Plan Administrator whatever documents or evidence it may reasonably require from time to time. If a joint and survivor annuity or pre-retirement survivor annuity is to be purchased, the Plan Administrator will give the Custodian appropriate instructions with respect to the payment of the premium for such annuity policy which shall be purchased from an insurer. Upon making such payment, the Custodian shall have no further liability or responsibility with respect thereto. Prior to making any distributions on the death of a Participant, the Custodian shall have the right to have its accounts settled by the legal representative of the estate of the Participant, his spouse or such other parties as appear appropriate. The Custodian shall also have the right prior to making such distributions to receive such documents as it may reasonably require with respect to any estate or inheritance taxes which may be imposed on the Participant's estate. All distributions hereunder shall be made either in cash or in kind as directed by the Plan Administrator. DESIGNATION OF BENEFICIARY
Distributions From the Custodial Account. (a) The Custodian will, upon receiving written notice from the Employee (or from the Beneficiary following the Employee's death) of the Employee's, attainment of age 59-1/2, disability (as defined in Section 72(m)(7) of the Code), separation from service from the Employer, financial hardship (determined in accordance with Section 403(b)(7) of the Code and any regulations issued thereunder) or death, distribute all or a portion of the assets of the Custodial Account in cash in the manner and at the time specified in such written notice; provided, however, that the Employee (or Beneficiary following the Employee's death) shall provide substantiation of such event in such form and manner as required by the Custodian.
Distributions From the Custodial Account
