EFFECTIVE DATE OF AGREEMENT; ESTABLISHMENT AND MAINTENANCE OF THE ACCOUNT Sample Clauses

EFFECTIVE DATE OF AGREEMENT; ESTABLISHMENT AND MAINTENANCE OF THE ACCOUNT. 2.1 Acceptance and Effective Date of Agreement The Account Owner, through the submission of an Application on the Account Owner’s behalf, accepts and agrees to the terms and provisions of this Agreement, including the appointment of the Custodian, and its successors, as custodian of the Account established hereunder. If the Account Owner’s employer submits the Application on behalf of the Account Owner, the Account Owner will be deemed to have consented to the terms of this Agreement if the Account Owner fails to object thereto by sending written notice to the HSA Administrator, in a form and manner acceptable to the HSA Administrator, within thirty (30) days from the date of the Custodian’s or HSA Administrator’s receipt of the Application. Any such objection must be accompanied by the Account Owner’s closure of the Account, including a distribution or transfer of the full Account balance, in accordance with the Custodian’s and HSA Administrator’s policies and procedures. This Agreement is effective on the date that the Account Owner’s Application is accepted by the Custodian. The enrollment notification or similar welcome communication that the HSA Administrator provides to the Account Owner serves as notice of this Agreement’s acceptance by the Custodian.
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Related to EFFECTIVE DATE OF AGREEMENT; ESTABLISHMENT AND MAINTENANCE OF THE ACCOUNT

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