Common use of Reorganizations and Corporate Actions Clause in Contracts

Reorganizations and Corporate Actions. Client is responsible for knowing about voluntary and mandatory reorganizations related to securities held in the Account, including mergers, name changes, stock splits and reverse stock splits. Betterment Securities is not obligated to notify Client of any such reorganizations before they occur. Client understands that Betterment Securities will not allocate securities or funds resulting from reorganizations until such securities or funds are received by Betterment Securities from the paying agent or depository. On voluntary reorganization instructions (tender or exchange offers), Client agrees to provide instructions to Betterment Securities no later than two (2) Business Days prior to the expiration of the offer to allow sufficient time to act on Client’s instructions. Any instructions received after that time will be processed on a "reasonable efforts" basis only. Additionally, Client is solely responsible for also knowing about periodic payment activities including cash, stock, and optional dividends. Betterment Securities is not obligated to notify Client of any such activities.

Reorganizations and Corporate Actions. Client is responsible for knowing about voluntary and mandatory reorganizations related to securities held in the Account, including mergers, name changes, stock splits and reverse stock splits. Betterment Securities is not obligated to notify Client of any such reorganizations before they occur. Client understands that Betterment Securities will not allocate securities or funds resulting from reorganizations until such securities or funds are received by Betterment Securities from the paying agent or depository. On voluntary reorganization instructions (tender or exchange offers), subject to the Separate Agreement, Client agrees to provide instructions to Betterment Securities no later than two (2) Business Days prior to the expiration of the offer to allow sufficient time to act on Client’s instructions. Any instructions received after that time will be processed on a "reasonable efforts" basis only. Additionally, Client is solely responsible for also knowing about periodic payment activities including cash, stock, and optional dividends. Betterment Securities is not obligated to notify Client of any such activities.