Common use of Asset Instruction Clause in Contracts

Asset Instruction. You may transfer/directly roll over the Company’s common stock and cash from an existing IRA or directly roll over common stock and cash from another eligible retirement plan to your IRA Investment Plan. All shares will be sent directly to your account. Other assets must be liquidated by the existing IRA trustee or custodian before they are sent to your IRA Investment Plan. Upon receipt of any cash, the Trustee will invest it in the Company’s stock. I authorize and direct the current IRA Trustee/Custodian to liquidate assets as follows and send all proceeds to the new IRA Custodian identified below. 1.  Immediately 2.  At Maturity Description of Asset # of Shares OR $Amount OR ALL   Please consider this your authority to sell/transfer my assets in the account identified in section 4. For transfer in cash: Prepare a check payable to: Computershare Trust Company, N.A. will not accept cash equivalents (Cashier’s checks, Treasurer’s checks, etc.) under any circumstances. Complete only if you are converting a Traditional, SEP, or SIMPLE IRA to a Roth IRA. I want federal income tax of % (between 10% and 99%) withheld from my distribution from this account.

Appears in 1 contract

Samples: Traditional and Roth Individual Retirement Account Custodial Agreement

AutoNDA by SimpleDocs

Asset Instruction. You may transfer/directly roll over the Company’s common stock and cash from an existing IRA or directly roll over common stock and cash from another eligible retirement plan to your IRA Investment Plan. All shares will be sent directly to your account. Other assets must be liquidated by the existing IRA trustee or custodian before they are sent to your IRA Investment Plan. Upon receipt of any cash, the Trustee will invest it in the Company’s stock. I authorize and direct the current IRA Trustee/Custodian to liquidate assets as follows and send all proceeds to the new IRA Custodian identified below. 1.  Immediately 2.  At Maturity Description of Asset # of Shares OR $Amount OR ALL   Please consider this your authority to sell/transfer my assets in the account identified in section 4. For transfer in cash: Prepare a check payable to: Computershare Trust Company, N.A. will not accept cash equivalents (Cashier’s checks, Treasurer’s checks, etc.) under any circumstances. Complete only if you are converting a Traditional, SEP, or SIMPLE IRA to a Roth IRA. I want federal income tax of % (between greater than 10% and 99%) withheld from my distribution from this account.

Appears in 1 contract

Samples: Traditional and Roth Individual Retirement Account Custodial Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!