Common use of Termination of Agreement, Resignation, or Removal of the Custodian Clause in Contracts

Termination of Agreement, Resignation, or Removal of the Custodian. You may terminate this agreement at any time by giving written notice to your HSA Administrator. If this agreement is terminated by you, we or your HSA Administrator may charge to your HSA an amount of money necessary to cover any associated costs pertaining to terminating this agreement and closing your HSA. Your HSA will be closed in accordance with your HSA Administrator’s internal policies and procedures. We may close your HSA for any reason or no reason, effective thirty (30) days after we provide written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your HSA to another financial organization. In some cases, and in our sole discretion, we may permit you to reinstate your HSA. If you do not reinstate your HSA or complete a transfer of your HSA within thirty (30) days from the date we provide written notice to you, we have the right to transfer your HSA assets to a qualified successor HSA custodian or trustee that we choose in our sole discretion, or we may distribute your HSA to you in a single sum by mailing a check to your last known address. You are responsible for determining your eligibility to roll over this amount to another HSA within thirty (30) days. Your HSA Administrator may escheat this amount (transfer it) to the state of your last known residence under the rules applicable to your state of last known residency, if the check is not presented for payment within one hundred eighty (180) days of the date of distribution. Your HSA Administrator will attempt to contact you before escheating the funds to the state of your last known residence. Once the funds are escheated, you may be able to recover the funds from the state. You agree that neither we nor your HSA Administrator are responsible for any funds that are escheated to a state.

Termination of Agreement, Resignation, or Removal of the Custodian. You may terminate this agreement at any time by giving written notice to your HSA Administrator. If this agreement is terminated by you, we or your HSA Administrator may charge to your HSA an amount of money necessary to cover any associated costs pertaining to terminating this agreement and closing your HSA. Your HSA will be closed in accordance with your HSA Administrator’s internal policies and procedures. We may close your HSA for any reason or no reason, effective thirty (30) days after we provide written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your HSA to another financial organization. In some cases, and in our sole discretion, we may permit you to reinstate your HSA. If you do not reinstate your HSA or complete a transfer of your HSA within thirty (30) days from the date we provide written notice to you, we have the right to transfer your HSA assets to a qualified successor HSA custodian or trustee that we choose in our sole discretion, or we may distribute your HSA to you in a single sum by mailing a check to your last known address. You are responsible for determining your eligibility to roll over this amount to another HSA within thirty (30) days. Your HSA Administrator may escheat this amount (transfer it) to the state of your last known residence under the rules applicable to your state of last known residency, if the check is not presented for payment within one hundred eighty (180) days of the date of distribution. Your HSA Administrator will attempt to contact you before escheating the funds to the state of your last known residence. Once the funds are escheated, you may be able to recover the funds from the state. You agree that neither we nor your HSA Administrator are responsible for any funds that are escheated to a state.

Termination of Agreement, Resignation, or Removal of the Custodian. You may terminate this agreement at any time by giving written notice to your HSA Administrator. If this agreement is terminated by you, we or your HSA Administrator may charge to your HSA an amount of money necessary to cover any associated costs pertaining to terminating this agreement and closing your HSA. Your HSA will be closed in accordance with your HSA Administrator’s internal policies and proceduresaccount. We may close your HSA for any reason or no reason, effective thirty (30) days after we provide written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your HSA to another financial organization. In some cases, and in our sole discretion, we may permit you to reinstate your HSA. If you do not reinstate your HSA or complete a transfer of your HSA within thirty (30) days from the date we provide written notice to you, we have the right to transfer your HSA assets to a qualified successor HSA custodian or trustee that we choose in our sole discretion, or we may distribute your HSA to you in a single sum by mailing a check to your last known address. You are responsible for determining your eligibility to roll over this amount to another HSA within thirty (30) days. Your HSA Administrator may escheat “escheat” this amount (transfer it) to the state of your last known residence under the rules applicable to your state of last known residencyknow residence, if the check is not presented for payment within one hundred eighty (180) days of the date of distribution. Your HSA Administrator will attempt to contact you before escheating the funds to the state of your last known residence. Once the funds are escheated, you may be able to recover the funds from the state. You agree that neither we nor your HSA Administrator are responsible for any funds that are escheated to a state.