Common use of WITHDRAWAL OF EXCESS CONTRIBUTIONS Clause in Contracts

WITHDRAWAL OF EXCESS CONTRIBUTIONS. The Participant may elect to withdraw any excess contributions (as described in Code Section 408(d)(4)) made to the Custodial Account and, if withdrawn pursuant to Code Section 408(d)(4), the net income attributable thereto. Participant must furnish Custodian a written notice (in a manner acceptable to Custodian) of the election to make such a withdrawal. The Custodian shall not have any responsibility for determining whether an excess contribution has been made or for notifying the Participant of such an excess contribution.

WITHDRAWAL OF EXCESS CONTRIBUTIONS. The Participant may elect to withdraw any excess contributions (as described in Code Section section 408(d)(4)) of the Internal Revenue Code) made to the Custodial Account and, if withdrawn pursuant to Code Section section 408(d)(4)) of the Internal Revenue Code, the net income attributable thereto. Participant must furnish Custodian a written notice (in a manner acceptable to Custodian) of the his/her election to make such a withdrawal. The Custodian shall not have any responsibility for determining whether an excess contribution has been made or for notifying the Participant of such an excess contribution.

WITHDRAWAL OF EXCESS CONTRIBUTIONS. The Participant may elect to withdraw any excess contributions (as described in Code Section 408(d)(4)) made to the Custodial Account and, if withdrawn pursuant to Code Section 408(d)(4), the net income attributable thereto. The Participant must furnish the Custodian with a written notice (in a manner acceptable to the Custodian) of the election to make such a withdrawal. The Custodian shall not have any responsibility for determining whether an excess contribution has been made or for notifying the Participant of such an excess contribution.