Resignation or Removal of Custodian. The Custodian may resign at any time upon at least 30 days’ written notice to the Employer. The Custodian may be removed by the Employer at any time upon 30 days’ written notice to the Custodian. Upon resignation of the Custodian, the Sponsoring Organization may, but shall not be required to, appoint a successor custodian. Upon removal of the Custodian, the Employer shall appoint a successor custodian but, in that event, the Plan shall be considered an individually designed plan for purposes of Section
Appears in 4 contracts
Samples: Simple Ira Plan Agreement, Simple Ira Plan Agreement, Simple Ira Plan Agreement
Resignation or Removal of Custodian. The Custodian may resign at any time upon by giving at least 30 days’ ' written notice to the EmployerDistributor. The Distributor may remove the Custodian may be removed by the Employer at any time upon by giving at least 30 days’ ' written notice to the Custodian. Upon resignation of If the CustodianCustodian resigns or is removed, the Sponsoring Organization may, but shall not be required to, Distributor must either appoint a successor custodian to serve under this Agreement or notify the Depositor that he or she must appoint a successor custodian. Upon removal of the Custodian, the Employer shall appoint a The successor custodian but, in that event, the Plan shall be considered an individually designed plan for purposes must provide a written acceptance of Sectionits appointment as successor custodian to the
Appears in 3 contracts
Samples: Ira Custodian Disclosure Statement and Plan Agreement (Scudder Equity Trust), Ira Custodian Disclosure Statement and Plan Agreement (Scudder Fund Inc), Ira Custodian Disclosure Statement and Plan Agreement (Scudder International Fund Inc)
Resignation or Removal of Custodian. The Custodian may resign at any time time, upon at least 30 days’ ' written notice to the Employer. The Custodian may be removed by the Employer at any time time, upon 30 days’ ' written notice to the Custodian. Upon resignation of the Custodian, the Sponsoring Organization may, but shall not be required to, appoint a successor custodian. Upon removal of the Custodian, the Employer shall appoint a successor custodian butcustodian, but in that event, event the Plan shall be considered an individually designed plan for purposes of SectionSection 8.
Appears in 1 contract
Samples: Fidelity Simple Ira Plan (Fidelity Aberdeen Street Trust)
