Retirement Plan Accounts Sample Clauses
The "Retirement Plan Accounts" clause defines the rules and provisions governing the management and treatment of retirement savings accounts within an agreement or policy. It typically outlines which types of accounts are covered, such as 401(k)s or IRAs, and may specify how contributions, distributions, or transfers are handled in various scenarios, such as employment termination or divorce. This clause ensures clarity and consistency in the handling of retirement assets, helping to prevent disputes and protect the interests of all parties involved.
Retirement Plan Accounts. Seller shall notify each of its customers holding Deposits under a Retirement Plan account in a timely fashion of the proposed assumption of their Retirement Plan accounts by Buyer, as contemplated by the plan documents.
Retirement Plan Accounts. (In addition to open/closed account fees): Setup fee: $10 per account Maintenance Fee: $15 per plan account per year Premature Distribution: $10 per transaction
Retirement Plan Accounts. Retirement plan accounts invested in the Funds with the Fund as a custodian may not be converted to NETWORKING Accounts without written consent of client.
Retirement Plan Accounts. 18 Article VIII - Conditions to Purchaser's Obligations
Retirement Plan Accounts. There are special procedures to sell shares in an OppenheimerFunds retirement plan account. Call the Transfer Agent for a distribution request form. Special income tax withholding requirements apply to distributions from retirement plans. You must submit a withholding form with your redemption request to avoid delay in getting your money and if you do not want tax withheld. If your employer holds your retirement plan account for you in the name of the plan, you must ask the plan trustee or administrator to request the sale of the Fund shares in your plan account. HOW DO YOU SELL SHARES BY MAIL? Write a letter of instruction that includes: o Your name o The Fund's name o Your Fund account number (from your account statement) o The dollar amount or number of shares to be redeemed o Any special payment instructions o Any share certificates for the shares you are selling o The signatures of all registered owners exactly as the account is registered, and o Any special documents requested by the Transfer Agent to assure proper authorization of the person asking to sell the shares. ------------------------------------------------------------ --------------------------------------------------------- Use the following address for Send courier or express mail requests by mail: requests to: OppenheimerFunds Services OppenheimerFunds Services P.O. Box 5270 00000 X. Xxxxxx Avenue, Building D Denver Colorado 80217 Xxxxxx, Xxxxxxxx 00000 ------------------------------------------------------------ --------------------------------------------------------- HOW DO YOU SELL SHARES BY TELEPHONE? You and your dealer representative of record may also sell your shares by telephone. To receive the redemption price calculated on a particular regular business day, your call must be received by the Transfer Agent by the close of The New York Stock Exchange that day, which is normally 4:00 P.M., but may be earlier on some days. You may not redeem shares held in an OppenheimerFunds retirement plan account or under a share certificate by telephone. o To redeem shares through a service representative, call 0.000.000.0000 You may have a check sent to the address on the account statement, or, if you have linked your Fund account to your bank account on AccountLink, you may have the proceeds sent to that bank account.
Retirement Plan Accounts. Prior to the Closing Date, Buyer shall designate a successor trustee or custodian, which may be Buyer ("Successor Trustee/Custodian"), as to any IRA or Keogh plan account constituting Liabilities and the parties wixx coopxxxxx with the Successor Trustee/Custodian. Seller will transfer the trusteeship/custody of all such IRA and Keogh plan accounts to the Successor Trustee/Custodian on the Xxosing Xxxx, subject to the Successor Trustee's/Custodian's written acceptance of its duties as Successor Trustee/Custodian in form and substance acceptable to Seller and to the extent permitted by the documentation governing each IRA and Keogh Plan. Seller shall be responsible for all federal, statx xnd loxxx xncome tax reporting for such IRAs and Keogh plan accounts for the period of time ending on the Closing Date xxx the Successor Trustee/Custodian shall be responsible for such reporting thereafter. In the event that any customer should object to the transfer of any IRA or Keogh plan account to the Buyer herein, then such account will xx traxxxxxred as directed by said customer and the purchase price herein shall be adjusted accordingly.
1. Holds and Stop Payments - Holds or stop payment orders that have been placed by Seller on particular Liabilities or on individual checks, drafts or other instruments that are transferred to Buyer as Liabilities shall be continued by Buyer under the same terms. Seller shall deliver to Buyer on the Closing Date a schedule of such holds or stop payment orders.
Retirement Plan Accounts. (a) If required by the account agreement, Seller will send to each depositor holding a deposit under a retirement plan account or individual retirement account a notice pursuant to the applicable trustee or custodial agreement stating that the Seller is transferring or substituting the trustee of the plan and that, in the absence of objection by the participant, Purchaser will become successor trustee on the Closing Date; and
(b) Seller will provide Purchaser on the Closing Date with the original trust documents for any retirement plan or individual retirement account assumed by the Purchaser.