Common use of Duties Of The Individual Clause in Contracts

Duties Of The Individual. The administrative functions the Individual must perform include: (a) determining the amount of the Individual’s annual contribution, if any. The Individual is also responsible to make the Individual’s contribution within the time limits set by the Internal Revenue Service; (b) authorizing any payment or distribution from the Individual’s Account; (c) filing Form 5329, Return for Additional Taxes Attributable to Retirement Plans (including IRAs), Annuities and Modified Endowment Contracts, if the Individual owes an excise tax with respect to the Individual’s IRA; (d) furnishing the Trustee with a written explanation of the intended use of any distribution prior to attainment of age 59 1/2; and (e) furnishing the Trustee with any information the Trustee may need to complete any governmental report required at paragraph 18.20(f) above. If the Individual fails to furnish the Trustee with such information and documents the Trustee may reasonably require, the Trustee may in the Trustee’s sole discretion terminate the account and distribute to the Individual the lump sum payment, in an amount equal to the assets in the IRA less an amount deemed reasonably necessary by the Trustee for the payment of all unpaid fees, expenses, charges, taxes or other liabilities of the account, whether or not liquidated.

Duties Of The Individual. The administrative functions the Individual must perform include: (a) determining the amount of the Individual’s annual contribution, if any. The Individual is also responsible to make the Individual’s contribution within the time limits set by the Internal Revenue Service; (b) authorizing any payment or distribution from the Individual’s Account; (c) filing Form 5329, Return for Additional Taxes Attributable to Retirement Plans (including IRAs), Annuities and Modified Endowment Contracts, if the Individual owes an excise tax with respect to the Individual’s IRA; (d) furnishing the Trustee with a written explanation of the intended use of any distribution prior to attainment of age 59 1/2; and (e) furnishing the Trustee with any information the Trustee may need to complete any governmental report required at paragraph 18.20(f19.27(f) above. If the Individual fails to furnish the Trustee with such information and documents the Trustee may reasonably require, the Trustee may in the Trustee’s sole discretion terminate the account and distribute to the Individual the lump sum payment, in an amount equal to the assets in the IRA Account less an amount deemed reasonably necessary by the Trustee for the payment of all unpaid fees, expenses, charges, taxes or other liabilities of the account, whether or not liquidated.

Duties Of The Individual. The administrative functions the Individual must perform include: (a) determining the amount of the Individual’s annual contribution, if any. The Individual is also responsible to make the Individual’s contribution within the time limits set by the Internal Revenue Service; (b) authorizing any payment or distribution from the Individual’s Account; (c) filing Form 5329, Return for Additional Taxes Attributable to Retirement Plans (including IRAs), Annuities and Modified Endowment Contracts, if the Individual owes an excise tax with respect to the Individual’s IRA; (d) furnishing the Trustee with a written explanation of the intended use of any distribution prior to attainment of age 59 1/2591/2; and (e) furnishing the Trustee with any information the Trustee may need to complete any governmental report required at paragraph 18.20(f) above. If the Individual fails to furnish the Trustee with such information and documents the Trustee may reasonably require, the Trustee may in the Trustee’s sole discretion terminate the account and distribute to the Individual the lump sum payment, in an amount equal to the assets in the IRA less an amount deemed reasonably necessary by the Trustee for the payment of all unpaid fees, expenses, charges, taxes or other liabilities of the account, whether or not liquidated.

Duties Of The Individual. The administrative functions the Individual must perform include: (a) determining the amount of the Individual’s annual contribution, if any. The Individual is also responsible to make the Individual’s contribution within the time limits set by the Internal Revenue Service; (b) authorizing any payment or distribution from the Individual’s Account; (c) filing Form 5329, Return for Additional Taxes Attributable to Retirement Plans (including IRAs), Annuities and Modified Endowment Contracts, if the Individual owes an excise tax with respect to the Individual’s 's IRA; (d) furnishing the Trustee with a written explanation of the intended use of any distribution prior to attainment of age 59 1/259½; and (e) furnishing the Trustee with any information the Trustee may need to complete any governmental report required at paragraph 18.20(f) above. If the Individual fails to furnish the Trustee with such information and documents the Trustee may reasonably require, the Trustee may in the Trustee’s sole discretion terminate the account and distribute to the Individual the lump sum payment, in an amount equal to the assets in the IRA less an amount deemed reasonably necessary by the Trustee for the payment of all unpaid fees, expenses, charges, taxes or other liabilities of the account, whether or not liquidated.

Duties Of The Individual. The administrative functions the Individual must perform include: (a) determining the amount of the Individual’s annual contribution, if any. The Individual is also responsible to make the Individual’s contribution within the time limits set by the Internal Revenue Service; (b) authorizing any payment or distribution from the Individual’s Account; (c) filing Form 5329, Return for Additional Taxes Attributable to Retirement Plans (including IRAs), Annuities and Modified Endowment Contracts, if the Individual owes an excise tax with respect to the Individual’s IRA; (d) furnishing the Trustee with a written explanation of the intended use of any distribution prior to attainment of age 59 1/2591/2; and (e) furnishing the Trustee with any information the Trustee may need to complete any governmental report required at paragraph 18.20(f19.27(f) above. If the Individual fails to furnish the Trustee with such information and documents the Trustee may reasonably require, the Trustee may in the Trustee’s sole discretion terminate the account and distribute to the Individual the lump sum payment, in an amount equal to the assets in the IRA Account less an amount deemed reasonably necessary by the Trustee for the payment of all unpaid fees, expenses, charges, taxes or other liabilities of the account, whether or not liquidated.