Common use of Investment of Amounts in the IRA Clause in Contracts

Investment of Amounts in the IRA. The IRA Owner has exclusive responsibility for and control over the investment of the assets of his or her IRA. All transactions shall be subject to any and all restrictions or limitations, direct or indirect, which are imposed by the Custodian’s charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, and usages of any exchange, market, or clearing house where the transaction is executed; the Custodian’s policies and practices; and this Agreement. After the IRA Owner’s death, his or her Beneficiary(ies) shall have the right to direct the investment of the IRA assets, subject to the same conditions that applied to the IRA Owner during his or her lifetime under this Agreement (including, without limitation, Section 5.02 of this Agreement). The Custodian shall have no discretion to direct any investment in the IRA. The Custodian assumes no responsibility for rendering investment advice with respect to the IRA, nor will the Custodian offer any opinion or judgment to the IRA Owner on matters concerning the value or suitability of any investment or proposed investment for the IRA. In the absence of instructions from the IRA Owner or if the instructions are not in an acceptable form, the Custodian shall have the right to hold any uninvested amounts in cash, and shall have no responsibility to invest uninvested cash unless and until directed by the IRA Owner. The Custodian will not exercise the voting rights and other shareholder rights with respect to investments in the IRA unless the IRA Owner provides timely written directions acceptable to the Custodian. The IRA Owner will select the type of investment for his or her IRA assets, provided, however, that the selection of investments shall be limited to those types of investments that the Custodian is authorized by its charter, articles of incorporation, or bylaws to offer and do in fact offer for investment in IRAs.

Investment of Amounts in the IRA. The IRA Owner has You have exclusive responsibility for and control over the investment of the assets of his or her your IRA. All transactions shall will be subject to any and all restrictions or limitations, direct or indirect, which that are imposed by the Custodian’s our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, customs and usages of any exchange, market, market or clearing house where the transaction is executed; the Custodian’s our policies and practices; and this Agreementagreement. After the IRA Owner’s your death, his or her Beneficiary(ies) shall your beneficiaries will have the right to direct the investment of the your IRA assets, subject to the same conditions that applied to the IRA Owner you during his or her your lifetime under this Agreement agreement (including, without limitation, Section 5.02 8.03 of this Agreementarticle). The Custodian shall We will have no discretion to direct any investment in the your IRA. The Custodian assumes We assume no responsibility for rendering investment advice with respect to the your IRA, nor will the Custodian we offer any opinion or judgment to the IRA Owner you on matters concerning the value or suitability of any investment or proposed investment for the your IRA. In the absence of instructions from the IRA Owner you, or if the your instructions are not in an a form acceptable formto us, the Custodian shall we will have the right to hold any uninvested amounts in cash, and shall we will have no responsibility to invest uninvested cash unless and until directed by the IRA Owneryou. The Custodian We will not exercise the voting rights and other shareholder rights with respect to investments in the IRA unless the IRA Owner provides timely written directions acceptable to the Custodianyour IRA. The IRA Owner You will select the type of investment for his or her your IRA assets, provided, however, that the selection of investments shall be limited to assets from those types of investments that the Custodian is we are authorized by its our charter, articles of incorporation, or bylaws to offer and do in fact offer for IRAs (e.g., term share accounts, passbook accounts, certificates of deposit, money market accounts.) We may in our sole discretion make available to you additional investment offerings, which will be limited to publicly traded securities, mutual funds, money market instruments, and other investments that are obtainable by us and that we are capable of holding in IRAsthe ordinary course of our business. We shall retain in cash so much of the custodial account as you or your Investment Advisor directs or until other instructions are received and we are authorized to place such cash held in the custodial account in an interest-bearing instrument or money market fund as determined appropriate in our sole discretion.

Investment of Amounts in the IRA. The IRA Owner has You have exclusive responsibility for and control over the investment of the assets of his or her your IRA. All transactions shall will be subject to any and all restrictions or limitations, direct or indirect, which that are imposed by the Custodian’s our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, customs and usages of any exchange, market, market or clearing house where the transaction is executed; the Custodian’s our policies and practices; and this Agreementagreement. After the IRA Owner’s your death, his or her Beneficiary(ies) shall your beneficiaries will have the right to direct the investment of the your IRA assets, subject to the same conditions that applied to the IRA Owner you during his or her your lifetime under this Agreement agreement (including, without limitation, Section 5.02 8.03 of this Agreementarticle). The Custodian shall right to direct investment of assets may be restricted, however, as provided herein. We will have no discretion to direct any investment in the your IRA. The Custodian assumes We assume no responsibility for rendering investment advice with respect to the your IRA, nor will the Custodian we offer any opinion or judgment to the IRA Owner you on matters concerning the value or suitability of any investment or proposed investment for the your IRA. In the absence of instructions from the IRA Owner you, or if the your instructions are not in an a form acceptable formto us, the Custodian shall we will have the right to hold any uninvested amounts in cash, and shall we will have no responsibility to invest uninvested cash unless and until directed by the IRA Owneryou. The Custodian We will not exercise the voting rights and other shareholder rights with respect to investments in the your IRA unless the IRA Owner provides you provide timely written directions acceptable to the Custodianus. The IRA Owner You will select the type of investment for his or her your IRA assets, provided, however, that the your selection of investments shall be limited to those types of investments any investment vehicle obtainable by us, that the Custodian is we are authorized by its our charter, articles of incorporation, or bylaws to offer and do in fact fact, in our sole discretion offer for IRAs For example, investments may include but shall not be limited to common stocks, government and corporate bonds, mutual funds, the purchase of put options on existing positions and writing of covered listed call options and such other options strategies that we may, from time to time, in our sole discretion make available for IRAs and which strategies are approved for your account by your broker and/or investment advisor. Investments not generating confirmations must be accompanied by additional written instructions and such other documentation as we may, in IRAsour sole discretion, require. We shall act as a stockbroker or dealer whenever such services are required. We may in our sole discretion make available to you additional investment offerings, which will be limited to publicly traded securities, mutual funds, money market instruments, and other investments that are obtainable by us and that we, in our sole discretion, determine that we are capable of holding in the ordinary course of our business. We shall have the power and authority in the administration of this Agreement to do all acts, including by way of illustration but not in limitation of the powers conferred by law, the following.

Investment of Amounts in the IRA. The IRA Owner has You have exclusive responsibility for and control over the investment of the assets of his or her your IRA. All transactions shall will be subject to any and all restrictions or limitations, direct or indirect, which that are imposed by the Custodian’s our charter, articles of incorporation, or bylaws; any and all applicable federal and state laws and regulations; the rules, regulations, customs, customs and usages of any exchange, market, market or clearing house where the transaction is executed; the Custodian’s our policies and practices; and this Agreementagreement. After the IRA Owner’s your death, his or her Beneficiary(ies) shall your beneficiaries will have the right to direct the investment of the your IRA assets, subject to the same conditions that applied to the IRA Owner you during his or her your lifetime under this Agreement agreement (including, without limitation, Section 5.02 8.038.3 of this Agreementarticle). The Custodian shall right to direct investment of assets may be restricted, however, as provided herein. We will have no discretion to direct any investment in the your IRA. The Custodian assumes We assume no responsibility for rendering investment advice with respect to the your IRA, nor will the Custodian we offer any opinion or judgment to the IRA Owner you on matters concerning the value or suitability of any investment or proposed investment for the your IRA. In the absence of instructions from the IRA Owner you, or if the your instructions are not in an a form acceptable formto us, the Custodian shall we will have the right to hold any uninvested amounts in cash, and shall we will have no responsibility to invest uninvested cash unless and until directed by the IRA Owneryou. The Custodian We will not exercise the voting rights and other shareholder rights with respect to investments in the your IRA unless the IRA Owner provides you provide timely written directions acceptable to the Custodianus. The IRA Owner You will select the type of investment for his or her your IRA assets, provided, however, that the your selection of investments shall be limited to those types of investments any investment vehicle obtainable by us, that the Custodian is we are authorized by its our charter, articles of incorporation, or bylaws to offer and do in fact fact, in our sole discretion offer for IRAs For example, investments may include but shall not be limited to common stocks, government and corporate bonds, mutual funds, the purchase of put options on existing positions and writing of covered listed call options and such other options strategies that we may, from time to time, in our sole discretion make available for IRAs and which strategies are approved for your account by your broker and/or investment advisor. Investments not generating confirmations must be accompanied by additional written instructions and such other documentation as we may, in IRAs.our sole discretion, require. We shall act as a stockbroker or dealer whenever such services are required. We may in our sole discretion make available to you additional investment offerings, which will be limited to publicly traded securities, mutual funds, money market instruments, and other investments that are obtainable by us and that we, in our sole discretion, determine that we are capable of holding in the ordinary course of our business. We shall have the power and authority in the administration of this Agreement to do all acts, including by way of illustration but not in limitation of the powers conferred by law, the following: