Common use of Transfer Contributions Clause in Contracts

Transfer Contributions. (a) The Participant may transfer cash from another custodial account qualified under Section 403(b)(7) of the Code and/or from an annuity contract qualified under Section403(b) of the Code to the Custodial Account if the Participant certifies that the transaction meets the requirement for a tax-free transfer under IRS Revenue Ruling 90-24 and other applicable laws or rulings of the Internal Revenue Service, or is a rollover contribution described in Sections 403(b)(8) or 408(d)(3)(A)(iii) of the Code. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of this Custodial Agreement and shall be invested, distributed and otherwise dealt with as such. Such transferred fund shall be accounted for separately and continue to be subject to any distribution rules under the prior 403(b)(l) or (7) plan, which were more stringent than the rules contained in this Custodial Account. (b) The Participant may cause the transfer in cash, or all or any portion of the balance credited to a participant’s account from this Custodial Account directly to the custodian of another custodial account qualified under Section 403(b)(7) of the Code or to an insurance company designated by the Participant for the purchase, for the benefit of the Participant, of an annuity contract qualified under Section 403(b) of the Code if the Participant certifies that the transaction meets the requirements for a tax-free transfer under the IRS Revenue Ruling 90- 24, and any other applicable laws or ruling of the Internal Revenue Service. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of the successor custodial account and/or annuity contract and shall be invested, distributed and otherwise dealt with as such.

Transfer Contributions. (a) The Participant may transfer cash from another an- other custodial account qualified under Section 403(b)(7) of the Code and/or from an annuity contract qualified under Section403(b) of the Code to the Custodial Account if the Participant Par- ticipant certifies that the transaction meets the requirement for a tax-free transfer under IRS Revenue Ruling 90-24 and other applicable laws or rulings of the Internal Revenue Service, or is a rollover contribution described in Sections 403(b)(8) or 408(d)(3)(A)(iii) of the Code. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of this Custodial Agreement and shall be invested, distributed and otherwise dealt with as such. Such transferred fund shall be accounted for separately and continue to be subject to any distribution rules under the prior 403(b)(l) or (7) plan, which were more stringent than the rules contained in this Custodial Account. (b) The Participant may cause the transfer in cash, or all or any portion of the balance credited to a participant’s account from this Custodial Account Ac- count directly to the custodian of another custodial custo- dial account qualified under Section 403(b)(7) of the Code or to an insurance company designated by the Participant for the purchase, for the benefit of the Participant, of an annuity contract qualified under Section 403(b) of the Code if the Participant certifies that the transaction meets the requirements for a tax-free transfer under the IRS Revenue Ruling 90- 24, and any other applicable laws or ruling of the Internal Revenue Service. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of the successor custodial account and/or annuity contract and shall be invested, distributed and otherwise dealt with as such.

Transfer Contributions. (a) The Participant may transfer cash from another custodial account qualified under Section 403(b)(7) of the Code and/or from an annuity contract qualified under Section403(bSection 403(b) of the Code to the Custodial Account if the Participant certifies that the transaction meets the requirement requirements for a tax-free transfer under IRS Revenue Ruling 90-24 and other applicable laws or rulings of the Internal Revenue Service, or is a rollover contribution described in Sections 403(b)(8) or 408(d)(3)(A)(iii) of the Code. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of this Custodial Agreement and shall be invested, distributed and otherwise dealt with as such. Such transferred fund funds shall be accounted for separately and continue to be subject to any distribution rules under the prior 403(b)(l403(b)(1) or (7) plan, which were more stringent than the rules contained in this Custodial Account. (b) The Participant may cause the transfer transfer, in cash, or of all or any portion of the balance credited to a participant’s Participant's account from this Custodial Account directly to the custodian of another custodial account qualified under Section 403(b)(7) of the Code or to an insurance company designated by the Participant for the purchase, for the benefit of the Participant, of an annuity contract qualified under Section 403(b) of the Code if the Participant certifies that the transaction meets the requirements for a tax-free transfer under the IRS Revenue Ruling 90- 90-24, and any other applicable laws or ruling rulings of the Internal Revenue Service. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of the successor custodial account and/or annuity contract and shall be invested, distributed and otherwise dealt with as such.