Responsible Individual. Consultant represents and warrants that the execution of this Agreement has been approved by Consultant and that person executing this Agreement on behalf of Consultant has the full authority to do so. The person responsible for the Work is Xxxxx Xxxxxxxxx.
Responsible Individual. 1. The Contributor shall name a Responsible Individual in the Xxxxxxxxx ESA Adoption Agreement. The Responsible Individual with respect to the account of a minor Designated Beneficiary named by the Contributor must be a parent or guardian of the Designated Beneficiary. The Custodial Account shall have only one Responsible Individual at any time.
2. The Responsible Individual shall have, to the exclusion of the Designated Beneficiary, all of the rights, powers, and responsibilities granted to the Designated Beneficiary under this Xxxxxxxxx ESA Custodial Agreement. The Responsible Individual generally controls all decisions relating to the Xxxxxxxxx ESA Account, including authorizing payments from the Xxxxxxxxx ESA Account.
3. The Responsible Individual shall continue to serve as the Responsible Individual for the Custodial Account after the Designated Beneficiary attains the age of majority under state law, and until such time as all Investments have been distributed from the Custodial Account and the Custodial Account terminates; provided however, that the Responsible Individual may, within his or her sole discretion, name the Designated Beneficiary as the Responsible Individual after the Designated Beneficiary attains the age of majority under state law.
4. If the Responsible Individual becomes incapacitated or dies while the Designated Beneficiary is a minor under state law, the successor Responsible Individual shall be the person named to succeed in that capacity by the preceding Responsible Individual in a witnessed writing or, if no successor is so named, the successor Responsible Individual shall be the Designated Beneficiary's other parent or successor guardian.
Responsible Individual. The responsible individual is generally the parent or guardian of the designated beneficiary. However, the financial organization may establish a policy that permits someone other than the designated beneficiary’s parent or legal guardian to serve as the responsible individual. Unless otherwise indicated on the application, the responsible individual may not change the designated beneficiary. If the depositor has indicated on the application that the responsible individual may change the designated beneficiary, the responsible individual may change the designated beneficiary to another member of the designated beneficiary’s family. The responsible individual will perform the following duties.
1. Receive a copy of the plan agreement and disclosure statement,
2. Direct the custodian regarding the investment of contributions, including the ability to redirect the investment of the initial contribution,
3. Direct the custodian regarding the administration, management and distribution of the account, unless the plan agreement indicates otherwise,
4. Name a successor responsible individual if the need arises,
5. Notify the custodian of any address change for the individuals identified on the plan agreement,
6. Remove excess contributions made to the Xxxxxxxxx ESA.
A. Contributions Not Deducted – No deduction is allowed for Xxxxxxxxx ESA contributions, including transfer and rollover contributions.
Responsible Individual. If your beneficiary designation is per stirpes, you understand that if your beneficiary(ies) dies before you, the beneficiary’s share of the account will pass to his or her respective heirs. In the field below, please provide the name of the individual responsible for advising Pershing LLC on any questions relating to per stirpes. Responsible Individual You understand that the per stirpes instructions given to Pershing LLC by the responsible individual named above shall be binding on all beneficiaries of this account and of your estate and may be relied on by Pershing LLC. Pershing LLC shall not be liable for any payment made at the direction of this individual. If you do not name a responsible individual or the individual you named is unwilling or unable to advise Pershing on questions regarding per stirpes, then you understand that Pershing will rely on instructions from the executor of your estate regarding any per stirpes designation.
Responsible Individual. The Responsible Individual is generally the parent or guardian of the Designated Beneficiary. However, the financial organization may establish a policy that permits someone other than the Designated Beneficiary’s parent or legal guardian to serve as the Responsible individual. Unless otherwise indicated on the Application, the Responsible Individual may not change the Designated Beneficiary. If the Depositor has indicated on the Application that the Responsible Individual may change the Designated Beneficiary, the Responsible Individual may change the Designated Beneficiary to another member of the Designated Beneficiary’s family. The Responsible Individual shall perform the following duties.
1. receive a copy of the plan agreement and disclosure statement.
2. direct the Custodian regarding the investment of contributions, including the ability to redirect the investment of the initial contribution.
3. direct the Custodian regarding the administration, management and distribution of the account, unless the plan agreement indicates otherwise.
4. name a successor responsible individual if the need arises.
5. notify the Custodian of any address change for the individuals identified on the plan agreement.
6. remove excess contributions made to the Xxxxxxxxx ESA.
A. CONTRIBUTIONS NOT DEDUCTED – No deduction is allowed for Xxxxxxxxx ESA contributions, including transfer and rollover contributions.
Responsible Individual. If your beneficiary designation is per stirpes, you understand that if your beneficiary/beneficiaries die(s) before you, the beneficiary’s share of the account will pass to his or her respective heirs. In the field below, please provide the name of the individual responsible for advising ETC on any questions relating to per stirpes.
Responsible Individual. The Responsible Individual (“Responsible Individual”) signing this Agreement on behalf of the Recipient shall be the primary point of contact for all matters concerning this Agreement. In the event the Responsible Individual is replaced, within 10 calendar days of such replacement, the Recipient shall notify in writing the IC issuing this Agreement of the name of the new Responsible Individual. The rights and responsibilities of a Responsible Individual shall include all those of an Authorized User.
Responsible Individual a principal, whether compensated or uncompensated who the State Agency or FNS determines to be responsible for the institution’s serious deficiency; any other individual employed by, or under contract with, an institution or sponsored center, who the State Agency or FNS determines to be responsible for an institution’s serious deficiency; or an uncompensated individual who the State Agency or FNS determines to be responsible for an institutions serious deficiency. Examples: Provider who entered into agreement, Business Owner, Employee
Responsible Individual. On the day(s) of the event, plan.
Responsible Individual. The individual directly responsible for the performance of the duties of Consultant is
