Individual Retirement Accounts. All IRAs related to the Offices that shall not have become IRAs by the close of business on the 30th day following the Closing shall not be assigned by SELLER to BUYER or assumed by BUYER. SELLER may thereafter, at its option, elect to retain such IRAs, advise the account holders that it has withdrawn its resignation as custodian or transfer the amount in such IRAs to the account holders.
Appears in 2 contracts
Samples: Office Purchase and Assumption Agreement (Isb Financial Corp/La), Office Purchase and Assumption Agreement (Isb Financial Corp/La)
Individual Retirement Accounts. All IRAs Individual Retirement Accounts related to the Offices that shall not have become IRAs by the close of business on the 30th day following the Closing shall not be assigned by SELLER BANK ONE to BUYER or assumed by BUYER. SELLER BANK ONE may thereafter, at its option, elect to retain such IRAsIndividual Retirement Accounts, advise the account holders that it has withdrawn its resignation as custodian or transfer the amount in such IRAs Individual Retirement Accounts to the account holders.
Appears in 2 contracts
Samples: Office Purchase and Assumption Agreement (Heartland Financial Usa Inc), Office Purchase and Assumption Agreement (Community First Bankshares Inc)
Individual Retirement Accounts. All IRAs Individual Retirement Accounts related to the Offices that shall not have become IRAs by the close of business on the 30th day following the Closing shall not be assigned by SELLER to BUYER or assumed by BUYER. SELLER may thereafter, at its option, elect to retain such IRAsIndividual Retirement Accounts, advise the account holders that it has withdrawn its resignation as custodian or transfer the amount in such IRAs Individual Retirement Accounts to the account holders.
Appears in 2 contracts
Samples: Purchase and Assumption Agreement (Home Bancshares Inc), Purchase and Assumption Agreement (Park National Corp /Oh/)
Individual Retirement Accounts. All IRAs Individual Retirement Accounts related to the Offices that shall not have become IRAs by the close of business on the 30th day following the Closing shall not be assigned by SELLER to BUYER or assumed by BUYER. , SELLER or Banc One may thereafter, at its option, elect to retain such IRAsIndividual Retirement Accounts, advise the account holders that it has withdrawn its resignation as custodian or transfer the amount in such IRAs Individual Retirement Accounts to the account holders.
Appears in 1 contract
Samples: Office Purchase and Assumption Agreement (Peoples Bancorp Inc)
Individual Retirement Accounts. All IRAs Individual Retirement ------------------------------- Accounts related to the Offices that shall not have become IRAs by the close of business on the 30th day following the Closing shall not be assigned by SELLER to BUYER or assumed by BUYER. SELLER may thereafter, at its option, elect to retain such IRAsIndividual Retirement Accounts, advise the account holders that it has withdrawn its resignation as custodian or transfer the amount in such IRAs Individual Retirement Accounts to the account holders.
Appears in 1 contract
Samples: Office Purchase and Assumption Agreement (Blackhawk Bancorp Inc)
