Common use of Beneficiary(ies) Clause in Contracts

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇, payments from your ▇▇▇▇ ▇▇▇ will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) of your ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each beneficiary designation you file with us will cancel all previous designations. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse will be the beneficiary, or if there is no spouse living at the time of your death your estate shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ beneficiary’s(ies’) lifetime. Each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ beneficiary(ies) files with us will cancel all previous designations. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). 1. Unless indicated otherwise on the Application, the Responsible Individual may not change the Designated Beneficiary. If you die before you receive all the Grantor has indicated on the Application that the Responsible Individual may change the beneficiary designated under this Agreement and the Responsible Individual chooses to do so, the Responsible Individual must designate a member of the amounts family (as defined in your ▇▇▇▇ ▇▇▇, payments from your ▇▇▇▇ ▇▇▇ will be made to your beneficiary(iesSection 529(e) (2). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) of your ▇▇▇▇ ▇▇▇the existing Designated Beneficiary. This designation can only be made on a form provided prescribed by the Trustee. 2. The Grantor or acceptable to usResponsible Individual may name one or more person or entity as death beneficiary of this ▇▇▇▇▇▇▇▇▇ ESA. This designation can only be made on a form prescribed by the Trustee, and it will only be effective when it is filed with us the Trustee during your lifetimethe lifetime of the Designated Beneficiary. Each beneficiary designation you file filed with us the Trustee will cancel all previous designationsones unless the beneficiary designation specifies otherwise. The consent of a beneficiary(ies) death beneficiary shall not be required for you in order to revoke a death beneficiary designation. If you have designated both primary and contingent death beneficiaries have been named, and no primary beneficiary(ies) death beneficiary survives youthe Designated Beneficiary, the contingent beneficiary(ies) shall death beneficiaries will acquire the designated share of your this ▇▇▇▇▇▇▇▇▇ ESA. If a death beneficiary is not designated with respect to this ▇▇▇. If you do not designate a beneficiary▇▇▇▇▇▇ ESA, or if all of your the primary and contingent beneficiary(ies) death beneficiaries predecease youthe Designated Beneficiary, your spouse the Designated Beneficiary’s estate will be the beneficiary, or if there is no spouse living at the time of your death your estate shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your Designated Beneficiary dies before receiving all the amounts in this ▇▇▇▇▇▇▇▇▇ ESA, the Trustee will have no obligation to pay to the death beneficiaries until such time the Trustee is notified of the Designated Beneficiary’s death by receiving a valid death certificate. Any balance remaining in the ▇▇▇ as his or her own ▇▇▇▇▇▇▇ ▇▇▇ESA upon the death of the Designated Beneficiary will be distributed within 30 days of the Designated Beneficiary’s death, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options unless a qualified family member under age 30 is named as are granted under the Code or applicable Regulationsa death beneficiary. If the death beneficiary designated to receive payments hereunder is a minor or person of unsound mindqualified family member under age 30, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person that individual will become the Designated Beneficiary as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ beneficiary’s(ies’) lifetime. Each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ beneficiary(ies) files with us will cancel all previous designations. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year Designated Beneficiary’s date of death. Qualified family members are defined in IRC Section 529(e)(2).

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇, payments from your ▇▇▇▇ ▇▇▇ will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse will be the beneficiary, or if there is no spouse living at the time of your death your estate shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇Traditional IRA, payments from your ▇▇▇▇ ▇▇▇ Traditional IRA will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇Traditional IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetimelifetime or after as provided by law. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇Traditional IRA. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse estate will be the beneficiary, or if there is no . A spouse living at the time of your death your estate beneficiary shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ have all rights as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated Regulations to receive payments hereunder is a minor treat your IRA as his or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month periodher own. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ IRA at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ IRA beneficiary’s(ies’) lifetimelifetime or after as provided by law. Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇, payments from your ▇▇▇▇ ▇▇▇ will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse will be the beneficiary, or if there is no spouse living at the time of your death your estate shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month six-­‐month period. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇, payments from your ▇▇▇▇ ▇▇▇ will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse will be the beneficiary, or if there is no spouse living at the time of your death death, your estate shall be the beneficiary. If your surviving A spouse is beneficiary shall have all rights as granted under the designated beneficiary, your spouse may elect Code or applicable Regulations to treat your ▇▇▇▇ ▇▇▇ as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulationsown. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month six-­‐month period. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇SIMPLE IRA, payments from your ▇▇▇▇ ▇▇▇ SIMPLE IRA will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇SIMPLE IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇SIMPLE IRA. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse will be the beneficiary, or if there is no spouse living at the time of your death death, your estate shall be the beneficiary. If your surviving A spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ beneficiary shall have all rights as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable RegulationsRegulations to treat your SIMPLE IRA as his or her own. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ SIMPLE IRA beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ SIMPLE IRA at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇SIMPLE IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ SIMPLE IRA beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ SIMPLE IRA beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ SIMPLE IRA beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ SIMPLE IRA beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ SIMPLE IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇IRA, payments from your ▇▇▇▇ ▇▇▇ IRA will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇IRA. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse estate will be the beneficiary, or if there is no . A spouse living at the time of your death your estate beneficiary shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ have all rights as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated Regulations to receive payments hereunder is a minor treat your IRA as his or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month periodher own. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ IRA at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ IRA beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇SIMPLE IRA, payments from your ▇▇▇▇ ▇▇▇ SIMPLE IRA will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇SIMPLE IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetimelifetime or after as provided by law. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇SIMPLE IRA. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse estate will be the beneficiary, or if there is no . A spouse living at the time of your death your estate beneficiary shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ have all rights as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated Regulations to receive payments hereunder is a minor treat your IRA as his or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month periodher own. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ IRA at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ IRA beneficiary’s(ies’) lifetimelifetime or after as provided by law. Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ IRA beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇funds from this HSA, payments from your ▇▇▇▇ ▇▇▇ HSA will be made to your death beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one (1) or more persons or entities as beneficiary(ies) death beneficiary of your ▇▇▇▇ ▇▇▇HSA. This designation can only be made through the Consumer Driven Account System or on a form provided by or acceptable to us, and it will only be effective when it is filed with us the TPA during your lifetime. Each Unless otherwise specified, each death beneficiary designation you make through the Consumer Driven Account System or file with us the TPA will cancel all previous designationsones. The consent of a death beneficiary(ies) shall not be required for you to revoke a death beneficiary designation. If you have designated both primary and contingent death beneficiaries and no primary death beneficiary(ies) survives you, the contingent death beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇HSA. If you do not designate a death beneficiary, or if all of your primary and contingent death beneficiary(ies) predecease you, your spouse estate will be the death beneficiary. You understand that if you designate your spouse as primary death beneficiary or contingent death beneficiary of this HSA, the dissolution, termination, annulment or other legal termination of your marriage will automatically revoke all beneficiary designations, both primary and contingent. After such revocation and until such time as a new beneficiary designation is completed, the HSA shall be treated as if there is no beneficiary designated. Based on the above, if your spouse living acquires the interest in this HSA by reason of being the death beneficiary at the time of your death your estate death, this HSA shall be the beneficiary. If treated as if your surviving spouse were you. If the death beneficiary is not your spouse, the designated beneficiaryHSA (or in accordance with rules established by the IRS the relevant portion thereof) will cease to be an HSA as of the date of death. Upon learning of your death, the TPA may, in the TPA’s complete and sole discretion, make a final distribution to a death beneficiary (other than your spouse may elect to treat your ▇▇▇▇ ▇▇▇ as spouse) of his or her own ▇▇▇▇ ▇▇▇, and would not be subject to interest in the required minimum HSA. This distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee made without the death beneficiary's consent and may be placed in an interest-bearing (or legal representative of such minor similar) account that TPA chooses. Neither the Custodian nor the TPA are responsible for interpreting or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a directing beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts designations or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ beneficiary’s(ies’) lifetime. Each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ beneficiary(ies) files with us will cancel all previous designations. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of deathdivisions.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇, payments from your ▇▇▇▇ ▇▇▇ will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetimelifetime or after as provided by law. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse estate will be the beneficiary, or if there is no spouse living at the time of your death your estate shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month period. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ beneficiary’s(ies’) lifetimelifetime or after as provided by law. Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇, payments from your ▇▇▇▇ ▇▇▇ will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇account. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇account. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse estate will be the beneficiary. A spouse beneficiary shall have all rights as granted under the Code, Regulations, or if there is no spouse living at the time of your death your estate shall be the beneficiary. If your surviving spouse is the designated beneficiaryany other applicable federal, your spouse may elect state or local laws to treat your ▇▇▇▇ ▇▇▇ account as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated to receive payments hereunder is a minor or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month periodown. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ account beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ account at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇account. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ account beneficiary’s(ies’) lifetime. Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ account beneficiary(ies) files with us will cancel all previous designationsones. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ account beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ account beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇IRA, payments from your ▇▇▇▇ ▇▇▇ IRA will be made to your beneficiary(ies). We have no obligation to pay to your beneficiaries until such time we are notified of your death by receiving a valid death certificate. You may designate one or more persons or entities as beneficiary(ies) of your ▇▇▇▇ ▇▇▇IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Unless otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a (a) beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives survive(s) you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇IRA. If you do not designate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse estate will be the beneficiary, or if there is no . A spouse living at the time of your death your estate beneficiary shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ have all rights as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated Regulations to receive payments hereunder is a minor treat your IRA as his or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month periodher own. We may allow, if permitted by state law, an (an) original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) (the beneficiary(ies) who is is/are entitled to receive the distribution(s) from an inherited ▇▇▇▇ ▇▇▇ IRA at the time of your death) to name a (a) successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ IRA beneficiary’s(ies’) lifetimelifetime(s). Each Unless otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) files file(s) with us will cancel all previous designationsones. The consent of a (a) successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) to revoke a (a) successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) does does/do not designate a (a) successor beneficiary(ies), his or her her/their estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylawsIRA beneficiary(ies), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.

Beneficiary(ies). If you die before you receive all of the amounts in your ▇▇▇▇ ▇▇▇IRA, payments from your ▇▇▇▇ ▇▇▇ IRA will be made to your beneficiary(ies). We have no obligation NOTE: Account Proceeds and Securities will be distributed proportionately in kind to pay the beneficiaries according to your beneficiaries until such time we are notified their respective interests. Stifel reserves the right to liquidate so much of your death by receiving a valid death certificateany security that cannot be divided exactly in the proportion set forth in the Beneficiary Designation Form. You may designate one or more persons or entities as beneficiary(ies) beneficiary of your ▇▇▇▇ ▇▇▇IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during your lifetime. Each Un- less otherwise specified, each beneficiary designation you file with us will cancel all previous designationsones. The consent of a beneficiary(ies) shall not be required for you to revoke a beneficiary designation. If you have designated both primary and contingent beneficiaries and no primary beneficiary(ies) survives you, the contingent beneficiary(ies) shall acquire the designated share of your ▇▇▇▇ ▇▇▇IRA. If you do not designate desig- nate a beneficiary, or if all of your primary and contingent beneficiary(ies) predecease you, your spouse estate will be the beneficiary, or if there is no . A spouse living at the time of your death your estate beneficiary shall be the beneficiary. If your surviving spouse is the designated beneficiary, your spouse may elect to treat your ▇▇▇▇ ▇▇▇ have all rights as his or her own ▇▇▇▇ ▇▇▇, and would not be subject to the required minimum distribution rules. Your surviving spouse will also be entitled to such additional beneficiary payment options as are granted under the Code or applicable Regulations. If the beneficiary designated Regulations to receive payments hereunder is a minor treat your IRA as his or person of unsound mind, whether so formally adjudicated or not, we may, at our discretion, make such payments to such person as may be acting as parent, guardian, committee, conservator, trustee or legal representative of such minor or incompetent and the receipt by any such person as selected by us shall be a full and complete discharge of us for any sums so paid. We reserve the right to, at our discretion, deposit funds in a special savings account established in our name as Custodian for a beneficiary when within six months after any payment is due because we cannot ascertain the whereabouts or the identity of the beneficiary by mailing to the last known address shown on our records, and such beneficiary has not submitted a written claim for such payment before the expiration of said six-month periodher own. We may allow, if permitted by state law, an original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) (the beneficiary(ies) who is entitled to receive distribution(s) from an inherited ▇▇▇▇ ▇▇▇ IRA at the time of your death) to name a successor beneficiary(ies) for the inherited ▇▇▇▇ ▇▇▇IRA. This designation can only be made on a form provided by or acceptable to us, and it will only be effective when it is filed with us during the original ▇▇▇▇ ▇▇▇ IRA beneficiary’s(ies’) lifetime. Each Un- less otherwise specified, each beneficiary designation form that the original ▇▇▇▇ ▇▇▇ IRA beneficiary(ies) files with us will cancel all previous designations. The consent of a successor beneficiary(ies) shall not be required for the original ▇▇▇▇ ▇▇▇ beneficiary(ies) to revoke a successor beneficiary(ies) designation. If the original ▇▇▇▇ ▇▇▇ beneficiary(ies) does not designate a successor beneficiary(ies), his or her estate will be the successor beneficiary. In no event shall the successor beneficiary(ies) be able to extend the distribution period beyond that required for the original ▇▇▇▇ ▇▇▇ beneficiary. If we so choose, for any reason (e.g., due to limitations of our charter or bylaws), we may require that a beneficiary of a deceased ▇▇▇▇ ▇▇▇ owner take total distribution of all ▇▇▇▇ ▇▇▇ assets by December 31 of the year following the year of death.all