Common use of Standing Order for Specific Share Identification Clause in Contracts

Standing Order for Specific Share Identification. By entering into this Brokerage Agreement, Client understands and agrees that for purposes of any sale of a particular security being executed in Client’s Account, Client authorizes Betterment to issue a standing order to Betterment Securities, specifically identifying lots of securities to be sold, in the following order of preference: (i) lots reflecting short-term losses, beginning with lots that generate the greatest short-term loss down to the least short-term loss, (ii) lots reflecting long-term losses, from greatest long-term loss to least long- term loss, (iii) lots reflecting no gains or losses, (iv) lots reflecting long-term gains from least long-term gain to greatest long-term gain, and (v) lots reflecting short-terms gains from least short-term gain to greatest short-term gain. Betterment Securities, in its sole judgment, shall apply these preferences to the Client’s Assets, made solely in reliance on the information available to Betterment Securities at the time of the trade. Client agrees that Betterment and Betterment Securities bear no responsibility for the tax treatment of any transaction. The shares so specifically identified pursuant to the Client’s standing order will be identified on the trade confirmation corresponding to the sale. Notwithstanding the foregoing, Betterment Securities reserves the right, in its sole discretion, to utilize the FIFO (first-in, first-out) method of basis reporting for any sale of securities executed in Client’s Account.

Standing Order for Specific Share Identification. By entering into this Brokerage Agreement, Client understands and agrees that for purposes of any sale of a particular security being executed in Client’s Account, Client authorizes Betterment to issue a standing order to Betterment Securities, specifically identifying lots of securities to be sold, in the following order of preference: (i) lots reflecting short-term losses, losses beginning with lots that generate the greatest short-term loss down to the least short-term loss, ; (ii) lots reflecting long-term losses, from greatest long-term loss to least long- term loss, ; (iii) lots reflecting no gains or losses, ; (iv) lots reflecting long-term gains from least long-term gain to greatest long-term gain, ; and (v) lots reflecting short-terms gains from least short-term gain to greatest short-term gain. Betterment Securities, in its sole judgment, shall apply these preferences to the Client’s Assets, made solely in reliance on the information available to Betterment Securities at the time of the trade. Client agrees that Betterment and Betterment Securities bear no responsibility for the tax treatment of any transaction. The shares so specifically identified pursuant to the Client’s standing order will be identified on the trade confirmation corresponding to the sale. Notwithstanding the foregoing, Betterment Securities reserves the right, in its sole discretion, to utilize the FIFO (first-in, first-out) method of basis reporting for any sale of securities executed in Client’s Account.

Standing Order for Specific Share Identification. By entering into this Brokerage Agreement, Client understands and agrees that for purposes of any sale of a particular security being executed in Client’s Account, Client authorizes Betterment to issue a standing order to Betterment Securities, specifically identifying lots of securities to be sold, in the following order of preference: (i) lots reflecting short-term losses, losses beginning with lots that generate the greatest short-term loss down to the least short-term loss, ; (ii) lots reflecting long-term losses, from greatest long-term loss to least long- term loss, ; (iii) lots reflecting no gains or losses, ; (iv) lots reflecting long-term gains from least long-term gain to greatest long-term gain, ; and (v) lots reflecting short-terms term gains from least short-term gain to greatest short-term gain. Betterment Securities, in its sole judgment, shall apply these preferences to the Client’s Assets, made solely in reliance on the information available to Betterment Securities at the time of the trade. Client agrees that Betterment and Betterment Securities bear no responsibility for the tax treatment of any transaction. The shares so specifically identified pursuant to the Client’s standing order will be identified on the trade confirmation corresponding to the sale. Notwithstanding the foregoing, Betterment Securities reserves the right, in its sole discretion, to utilize the FIFO (first-in, first-out) method of basis reporting for any sale of securities executed in Client’s Account.