FOR JOINT HOLDINGS ONLY. 5.8 You acknowledge that in the event of the death of one of the Holders, State One will transfer all Holdings under the joint Holder Record into a new Holding under a new Holder Record in the name of the surviving Participant Sponsored Holder(s), and that this Sponsorship Agreement remain valid for the new Holdings under the new Holder Record.
Appears in 4 contracts
Samples: Participant Sponsorship Agreement, Participant Sponsorship Agreement, Client Agreement