Investment of Amounts in the Xxxx XXX. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All transactions will be subject to any and all restrictions or limitations, direct or indirect, that are imposed by our 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; our policies and practices; and this agreement. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this agreement (including, without limitation, Section 9.03 of this article). We will have no discretion to direct any investment in your Xxxx XXX. We assume no responsibility for rendering investment advice with respect to your Xxxx XXX, nor will we offer any opinion or judgment to you on matters concerning the value or suitability of any investment or proposed investment for your Xxxx XXX. In the absence of instructions from you, or if your instructions are not in a form acceptable to us, we will have the right to hold any uninvested amounts in cash, and we will have no responsibility to invest uninvested cash unless and until directed by you. We will not exercise the voting rights and other shareholder rights with respect to investments in your Xxxx XXX unless you provide timely written directions acceptable to us. You will select the investment for your Xxxx XXX assets from those investments that we are authorized by our charter, articles of incorporation, or bylaws to offer and do in fact offer for Xxxx 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 the ordinary course of our business.
Investment of Amounts in the Xxxx XXX. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All funds in the IRA Account (including earnings) shall be invested in accordance with your directions and in compliance with this Agreement. You may only invest your Xxxx XXX assets in those investment options that are offered under the Program. If you do not timely provide us with directions to invest your Xxxx XXX assets, you will be defaulted into the default investment option under the Program. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this Agreement. All transactions will be subject to any and all restrictions or limitations in the Program Description and this Agreement. We have no discretion to direct any investment in your Xxxx XXX, and no responsibility to provide you with investment advice with respect to your Xxxx XXX. Also, we will not offer opinions or judgments regarding the value or suitability of any investment option for your Xxxx XXX. In the event an allowable investment under the Program closes, or the allowable investments under the Program are modified, you will be given prior notice and an opportunity to reallocate your investments to other available investments under the Program. Please see the Program Description for further details regarding changes in investment options under the Program, changes in Program fees, etc. The Custodian may receive indirect compensation for the trustee (or custodial) services that it provides to Xxxx XXX. This compensation, known as “float” income, is paid by the financial organization at which the Custodian maintains “clearing accounts” or by the investments in which the Custodian invests in such clearing accounts. Float income may arise from interest that is earned on Xxxx XXX contributions or distributions during the time that these assets are held by the Custodian in clearing accounts but are not invested in an investment option. For example, if you request a distribution and receive the distribution check but do not cash it for several days, some interest may be earned while your funds remain in the clearing account. These clearing accounts generally earn interest at a rate between the money market rate and that of U.S. Treasury Notes. The interest paid on each of these transactions is typically small, and it is likely to represent a minor portion of the ov...
Investment of Amounts in the Xxxx XXX. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All transactions will be subject to any and all restrictions or limitations, direct or indirect, that are imposed by our 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; our policies and practices; and this agreement. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this agreement (including, without limitation, Section
Investment of Amounts in the Xxxx XXX a. In General. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. It is your responsibility as Account Owner to consult with your legal, investment or tax advisor. All transactions will be subject to any and all restrictions or limitations, direct or indirect, that are imposed by 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; our internal policies, standards, and practices; and this agreement. After your death, your beneficiaries will have the right to direct the investment of your Xxxx XXX assets, subject to the same conditions that applied to you during your lifetime under this agreement (including, without limitation, Section 9.03). We will not exercise the voting rights and other shareholder rights with respect to investments in your Xxxx XXX unless you provide timely written directions acceptable to us according to our then current policies and procedures. You will select the type of investment for your Xxxx XXX assets, provided, however, that your selection of investments must be limited to those types of investments that comport with our internal policies, practices, and standards and are deemed administratively feasible by us. We may, or an associated business may, in our, or their, sole discretion, make available to you additional opportunities, which may include publicly traded securities, mutual funds, money market instruments, and other investments that are obtainable by us, or an associated business, and that we, or such associated business, are capable of holding in the ordinary course of business.
Investment of Amounts in the Xxxx XXX. You have exclusive responsibility for and control over the investment of the assets of your Xxxx XXX. All transactions will be subject to any and all restrictions or limitations, direct or indirect, that are
Investment of Amounts in the Xxxx XXX
