Common Contracts
1 similar Custodial Agreement contracts
CUSTODIAL AGREEMENT PTC – 403(B)(7)Custodial Agreement • September 22nd, 2010
The individual (“Participant”) whose name appears on the Account Application establishing the LPL Financial 403(b)(7) Custodial Account and who is employed by an employer (“Employer”) described in Section 403(b)(1)(A) of the Internal Revenue Code of 1986, as amended (the “Code”), is establishing a Custodial Account as authorized by Section 403(b)(7) of the Code in order to provide for his or her retirement and for the support of his or her beneficiaries (“Beneficiary”) after death. This Custodial Agreement (“Agreement”) shall be effective upon acceptance by The Private Trust Company, N.A. (“Custodian”) of its appointment as Custodian as specified in the 403(b)(7) Adoption Agreement. To the maximum extent allowable by law, the Custodian is authorized to delegate its duties hereunder. The Custodian has appointed LPL Financial to act as its administrative delegee to provide certain services relating to custodial accounts and has delegated its duties, to the maximum extent allowable by law
