Common use of Individual Benefit Clause in Contracts

Individual Benefit. This SIMPLE IRA must be for the exclusive benefit of you, and upon your death, your beneficiaries. The SIMPLE IRA must be in your name and not in the name of your beneficiary, living trust, or another party or entity.

Individual Benefit. This SIMPLE IRA must be for the exclusive benefit of you, and upon your death, your beneficiaries. The SIMPLE IRA XXX must be in your name and not in the name of your beneficiary, living trust, or another party or entity.

Individual Benefit. This SIMPLE IRA must be for the exclusive benefit of you, and upon your death, your beneficiaries. The SIMPLE IRA must be established in your name and not in the name of your beneficiary, living trust, or another party or entity.