Common use of PARTICIPANT'S RESPONSIBILITIES Clause in Contracts

PARTICIPANT'S RESPONSIBILITIES. The Participant shall be responsible for ensuring that any direct rollover or transfer of assets from the Account pursuant to this Article 5.12 is a proper rollover or transfer of assets under the Code. The Custodian and/or Plan Administrator shall not be liable for any adverse tax consequences that may result to the Participant should any rollover or transfer duly authorized by the Participant be determined not to constitute a proper rollover or transfer under the Code.

Appears in 4 contracts

Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement

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