IRA ACCOUNTS Sample Clauses

IRA ACCOUNTS. These accounts are governed by separate contractsand by the rules in this Agreement for the type of IRA share savings account opened.
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IRA ACCOUNTS. Paraprofessionals shall be allowed to take advantage of the federal law concerning tax-free IRA Accounts through payroll deductions to a bank or financial institution of their choice. The Committee will request the Treasurer of the City of Xxxx to deduct and submit said sums as specified.
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IRA ACCOUNTS. Each IRA Account established under the Contract is intended to be an individual retirement annuity qualified under Code Section 408(b) and Regulations thereunder. Each IRA Account is for the exclusive benefit of the Owner, the Owner's Beneficiary and, in the case of an IRA Account established for an Owner's spouse, such spouse and such spouse's Beneficiary. Each IRA Account established under the Contract shall meet the following requirements:
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IRA ACCOUNTS. This section applies to an Account that is an individual retirement account (an “IRA”) subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”). If the Account is an IRA, Client understands and represents to AIM that: (a) the Code prohibits certain types of investments by the IRA (such as S-corp stock, life insurance contracts and collectibles); (b) neither Client, his/her spouse, nor any beneficiary may assign the Account, or use it, or any portion of it, as security for a loan or borrow from the Account, and neither Client nor any other person or institution that is acting as Client’s agent or is otherwise acting on Client’s behalf may engage in any prohibited transaction, within the meaning of Code §4975 respecting the Account, and the foregoing representation by Client will not apply to any actions taken by AIM; (c) certain Investments may generate unrelated business taxable income, which Client must monitor, as it may be taxable to Client for a given tax year, and in which case Client must make filings with the Internal Revenue Service; (d) certain Investments charge redemption fees or sales charges, and these fees and charges may negatively impact the Account’s investment performance; (e) we have no duty to determine whether your contributions or distributions from the IRA comply with the Code or regulations adopted thereunder; and (f) we do not guarantee that the IRA will not lose money or depreciate. Account with ERISA Assets Client represents that neither the Client nor the Account itself is a plan subject to the Employee Retirement Income Security Act of 1974 (“ERISA”) or similar government regulation (a “Plan”). However, if the Account includes assets of a Plan in which Client participates, the Client: (a) understands that we will not act as a “fiduciary” within the meaning of ERISA §3(38) with respect to such Plan assets and that notwithstanding any other provision of this Agreement, we will not exercise any discretion respecting such Plan assets—you will retain all authority to direct your Plan investments under the terms of the Plan; (b) acknowledges that to the extent AIM is a “fiduciary” within the meaning of ERISA §3(21) respecting such Plan assets, AIM will act solely in the interests of the Client and Client’s beneficiaries, act with the care, skill, prudence, and diligence that a prudent man would use in the same situation, and act according to the terms of the Plan documents, to the extent the documents are...
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IRA ACCOUNTS. GSI may refer customers to companies that provide trustee and custodian services for Individual Retirement Accounts (IRA). GSI is independent from, and not affiliated with, any of these IRA companies. The customer is responsible for independently selecting the IRA company suitable for the customer. GSI does not share or assume responsibility for any loss or damage resulting from the customer’s relationship with the IRA company. You should determine the proper percentage of precious metals to allocate in and outside of an IRA based upon your individual circumstances and with the advice of a licensed investment adviser to be retained by you. Only certain bullion coins and bars and proof coins may be held in a precious metals IRA. Tax laws are complex and may change at any time. GSI does not provide tax advice. You should consult with your tax advisor about whether including precious metals in your IRA is right for you.
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IRA ACCOUNTS. Prior to the Closing Date, Purchaser shall dexxxnate a successor trustee or custodian, which may be Purchaser, as to any IRA constituting a liability to be assumed by Purchaser and for xxich Seller acts as trustee or custodian. Seller will transfer the trusteeship or custodianship of all such IRAs to such successor trustee or custodian on the Closing Date. Seller shall be responsible for all federal, state and local income tax reporting for such accounts for the period ending on the Closing Date, and the successor trustee or custodian shall be responsible for such reporting thereafter.
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IRA ACCOUNTS. Not later than thirty (30) days prior to the exxxcted Closing Date, Seller shall, at Seller's expense, mail notice of Seller's resignation as custodian and the appointment of Buyer as the successor custodian, effective upon Closing, of each IRA maintained at the Branches. The notice shall include sucx xther information that is mutually agreed upon by Seller and Buyer. In the event Seller and Buyer agree that the aforementioned notice to Seller's IRA customers shall be a joint notice of Seller and Buyer, txxx Seller and Buyer shall share the expenses of mailing the joint notice.
Sample 1
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IRA ACCOUNTS. Employees shall be allowed to take advantage of the federal law concerning tax-free IRA Accounts through payroll deductions to a bank or financial institution of their choice. The Committee will request the Treasurer of the City of Xxxx to deduct and submit said sums as specified.
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Related to IRA ACCOUNTS

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Segregated Accounts Upon receipt of Proper Instructions, the Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or Securities, including Securities maintained in a Depository Account:

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Management Accounts The Management Accounts:

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Other Accounts On the date of withdrawal of any Deposit, the Escrow Agent, or the Pass Through Trustee on behalf of the Escrow Agent, shall be entitled to re-deposit with the Depositary any portion thereof and the Depositary shall accept the same for deposit hereunder. Any sums so received for deposit shall be established as a new Deposit and credited to a new Account, all as more fully provided in Section 2.1 hereof, and thereafter the provisions of this Agreement shall apply thereto as fully and with the same force and effect as if such Deposit had been established on the Deposit Date except that (i) such Deposit may not be withdrawn prior to the date seven days after the establishment thereof and (ii) such Deposit shall mature on June 15, 2000 (as such date may be extended from time to time to the fifteenth day after the Delivery Period Termination Date) and bear interest as provided in Section 2.2. The Depositary shall promptly give notice to the Escrow Agent of the account number assigned to any such re-deposit.

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