Common use of Manner of Making Distributions Clause in Contracts

Manner of Making Distributions. A. Distributions at Plan Administrator Direction. Any distribution from the Account shall be made by the Custodian to the Participant (or, upon the Participant’s death, to the Participant’s surviving spouse or Beneficiary), or by the Master Custodial Administration Agreement Administrator on behalf of the Custodian, and only upon the receipt by the Master Custodial Administration Agreement Administrator on behalf of the Participant or Employer, which shall be communicated timely to the Custodian, directions furnished by the Plan Administrator identifying the recipient, the amount, and form of the distribution. In making any distributions from the Account, the Master Custodial Administration Agreement Administrator and the Custodian shall be fully entitled to rely on the directions or authorization properly furnished to it in accordance with this Article 5.2 of this Appendix and shall be under no duty to make any inquiry or investigation with respect thereto.

Manner of Making Distributions. A. Distributions at Plan Administrator Direction. Any distribution from the Account shall be made by the Custodian to the Participant (or, upon the Participant’s death, to the Participant’s surviving spouse or Beneficiary), or by the Master Custodial Administration Agreement Administrator on behalf of the Custodian, and only upon the receipt by the Master Custodial Administration Agreement Administrator on behalf of the Participant or Employer, which shall be communicated timely to the Custodian, directions furnished by the Plan Administrator identifying the recipient, the amount, and form of the distribution. In making any distributions from the Account, the Master Custodial Administration Agreement Administrator and the Custodian shall be fully entitled to rely on the directions or authorization properly furnished to it in accordance with this Article 5.2 of this Appendix and shall be under no duty to make any inquiry or investigation with respect theretorespectthereto.