Plan Custodian Clause Samples

Plan Custodian. The Treasurer has contracted with The Fifth Third Bank, National Association (“Fifth Third Bank”) to provide custodial services for the Plan. Bank of New York Mellon will provide Sub-custodial services for the Plan. These services will include, but are not limited to, custody and safekeeping of investment assets, securities settlement, income and principal collection and corporate action reporting and filing, and providing information related to these services. Partner States Partner States are those states, or instrumentalities thereof, listed in Appendix III, that have entered into agreements with the Treasurer (the “Partner States”). Residents of Partner States are assessed lower annual asset-based fees on their STABLE Account investments than those assessed to other non-Ohio residents. If you are a resident of a Partner State, please also review your state’s Partner State Supplement at the end of this Plan Disclosure Statement. Please Read this Plan Disclosure Statement Before you open a STABLE Account and before you make any investments in the Plan, you should carefully read and understand this Plan Disclosure Statement and Participation Agreement. It includes important information about the Plan, including, among other information, the risks of investing in the Plan, certain limitations and restrictions that will apply to your use of the money in the Plan, and the fees you will pay for having a STABLE Account. Income Option Conservative Growth Option Moderate Growth Option‌ Growth Option KEY FEATURES OF THE PLAN‌ FEATURE DESCRIPTION ADDITIONAL INFO FEATURE DESCRIPTION ADDITIONAL INFO FEATURE DESCRIPTION ADDITIONAL INFO
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Plan Custodian. The term “Plan Custodian” means the entity designated from time to time pursuant to separate agreement with the Company to serve as Plan Custodian for purposes of the Plan.
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Related to Plan Custodian

  • Custodian The term “

  • The Custodian as Foreign Custody Manager Each Fund, by resolution adopted by its Board of Trustees, hereby delegates to the Custodian, subject to Rule 17f-5(b), the responsibilities set forth in this Section 2.3 with respect to Foreign Securities of the Funds held outside the United States, and the Custodian hereby accepts such delegation as Foreign Custody Manager with respect to the Funds. The services and duties of the Custodian shall be confined to those matters expressly set forth herein, and no implied duties are assumed by or may be asserted against the Custodian hereunder.

  • Administrator 11 9. Provide written notice of termination of services to each client being served under this 12 Agreement, within fifteen (15) calendar days of receipt of termination notice. A copy of the notice of 13 termination of services must also be provided to ADMINISTRATOR within the fifteen (15) calendar 14 day period. 15 G. The rights and remedies of COUNTY provided in this Termination Paragraph shall not be 16 exclusive, and are in addition to any other rights and remedies provided by law or under this Agreement. 17

  • Foreign Custody Manager (a) Each Fund, by resolution adopted by its Board, hereby delegates to the Custodian, subject to Section (b) of Rule 17f-5 under the 1940 Act, the responsibilities set forth in Sections 4.1 through 4.4 with respect to Foreign Assets of the Portfolios held outside the United States, and the Custodian hereby accepts such delegation as Foreign Custody Manager with respect to the Portfolios. (b) The Foreign Custody Manager shall be responsible for performing the delegated responsibilities defined below only with respect to the countries and custody arrangements for each such country listed on Schedule A to this Agreement, which list of countries may be amended from time to time by any Fund with the consent of the Foreign Custody Manager, which consent will not be unreasonably withheld. Schedule A further lists the Foreign Sub-Custodians selected by the Foreign Custody Manager to maintain the assets of the Portfolios. (c) Upon the receipt by the Foreign Custody Manager of Proper Instructions to open an account or to place or maintain Foreign Assets in a country listed on Schedule A, and the fulfillment by each Fund, on behalf of the applicable Portfolio(s), of the applicable account opening requirements for such country, the Foreign Custody Manager shall be deemed to have been delegated by such Fund’s Board on behalf of such Portfolio(s) responsibility as Foreign Custody Manager with respect to that country and to have accepted such delegation. Execution of this Agreement by the Fund shall, to the extent any particular Fund has or will have Foreign Assets, be deemed to be a Proper Instruction to open an account or to place or maintain Foreign Assets in each country listed on Schedule A in which the Custodian has previously placed or currently maintains such Fund’s Foreign Assets pursuant to the terms of the Agreement. Following the receipt of Proper Instructions directing the Foreign Custody Manager to close the account of a Portfolio with the Eligible Foreign Custodian selected by the Foreign Custody Manager in a designated country, the delegation by the Board on behalf of such Portfolio to the Custodian as Foreign Custody Manager for that country shall be deemed to have been withdrawn and the Custodian shall immediately cease to be the Foreign Custody Manager with respect to such Portfolio with respect to that country. (d) The Foreign Custody Manager may withdraw its acceptance of delegated responsibilities with respect to a designated country upon at least 60 days (or such longer period which the parties may agree) prior written notice to the Fund.

  • SUB-CUSTODIANS Upon receipt of Proper Instructions, the Custodian shall on behalf of a Fund appoint one or more banks, trust companies or other entities located in the United States and designated in the Proper Instructions to act as a sub-custodian for the purposes of effecting such transactions as may be designated by the Fund in the Proper Instructions. The Custodian may place and maintain each Fund’s foreign securities with foreign banking institution sub-custodians employed by the Custodian or foreign securities depositories, all in accordance with the applicable provisions of Sections 4 and 5. An entity acting in the capacity of Underlying Transfer Agent is not an agent or sub-custodian of the Custodian for purposes of this Agreement.