Common use of The Master Custodial Administration Agreement Clause in Contracts

The Master Custodial Administration Agreement. (a) The Participant hereby establishes a Master Custodial Administration Agreement with the Master Custodial Administration Agreement Administrator that shall be held and administered by the Master Custodial Administration Agreement Administrator (the “Master Custodial Administration Agreement”) upon the terms and conditions stated herein. This Agreement shall be effective as of the later of the date hereof or the date on which the assets are transferred to the Custodial Account. Each Participant’s account in a Participating Plan shall constitute a part of the Master Custodial Administration Agreement that shall provide for the pooling and commingling of the assets of the Plans of the Plan Sponsors participating in the Custodial Account. This Agreement shall only govern the administration of the Custodial Account for holding the assets of the Participating Plan. It shall not replace or supersede any of the provisions in the Participating Plan documents, except as set forth in Section 1.1(c) hereof.

Appears in 4 contracts

Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement

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