Common use of Type of Request Clause in Contracts

Type of Request. Standing Instructions — Ad-Hoc Standing instructions for transfers INTO and/or OUT of my account. Proceed to Step 6. Standing Instructions — Periodic Contributions/Distributions Select one option below then proceed to Step 4. Set up contributions into my account (Deposit). For retirement accounts, also indicate a contribution type in Step 5. Set up distributions out of the cash balance in my account (Pay Principal). Indicate dollar amount in Step 4. Set up a distribution out of the income generated in my account (Pay Income). Dollar amount does not need to be indicated below. Set up systematic purchase of mutual funds. ACH is contingent upon the execution of periodic mutual fund purchases. Provide dollar amount in Step 4. AN IRA OR QRP DISTRIBUTION FORM IS REQUIRED FOR DISTRIBUTIONS OUT OF RETIREMENT ACCOUNTS. STEP 4. AMOUNT, START DATE AND FREQUENCY OF PERIODIC REQUESTS Dollar Amount (not required for Income or Retirement Account Minimum Distributions) Start Date End Date (optional) — — — — REQUIRED FOR PERIODIC INSTRUCTION. SEMI-MONTHLY DISTRIBUTIONS TAKE PLACE 14 CALENDAR Select one option only. Weekly: M T W TH F Semi-monthly – Occurs twice a month Monthly – Occurs every month Bi-monthly – Occurs every other month Quarterly – Occurs every 3 months Semi-annually – Occurs every 6 months Annually – Occurs every 12 months DAYS AFTER THE START DATE. REQUESTS SCHEDULED ON A WEEKEND OR HOLIDAY WILL OCCUR ON THE FOLLOWING BUSINESS DAY.