Custodial Transfer definition

Custodial Transfer means a contribution of a distribution described in Code Sections 220(f)(5) or 223(f)(5) from an Xxxxxx MSA or an HSA, respectively, benefiting the Account Owner. If a Rollover Contribution occurs, then funds must be deposited into the Account within 60 days after the date of the distribution from the Xxxxxx MSA or HSA.

Custodial Transfer means the transfer from Seller to Buyer of custody of the Accounts that are HSAs, together with the transfer from Seller to Buyer (or its designee) of the Account Assets held therein.

Custodial Transfer means the transfer from or on behalf of Seller to Buyer of custody of the Accounts that are HSAs, together with the transfer from or on behalf of Seller to Buyer (or its designee) of the Account Assets held therein.

Examples of Custodial Transfer in a sentence

• The Direct Custodial Transfer side is used for all other transfers including all qualified transfers and non-qualified funds coming from a policy that is not an annuity or life insurance.

• The borough was incorporated as a second-class borough in 1964.The Borough economy is diverse, even more diverse than other parts of the State.

• Sampling strategy:We used a purposive sampling strategy to select an extreme (or deviant) case—a high-performing, low- decile school in a well-functioning cluster of schools (see Appendix I for an elaboration of “high-performing”).138 This school is information-rich, and offers a real world manifestation of successful leadership in action.139 Our questions and observations probed the uniqueness of this case study, and our knowledge from this, we hope, may be used to apply to other situations (see 4.

• Seller is duly qualified under the Code (including Section 223(d)(1)(B) thereof) and all other Applicable Law to serve as a custodian with respect to each Health Savings Account and has the organizational power and authority to serve as custodian or administrator, as the case may be, for the Accounts, to effect the Custodial Transfer and to own the Acquired Assets as and in the places where now administered or owned, as the case may be.

• On the terms and subject to the conditions of this Agreement, on the Conversion Date, Seller shall sell, transfer, assign, convey and deliver to Buyer, and Buyer shall purchase and acquire from Seller, in each case free and clear of all Liens, the exclusive right (a) to act as custodian of the HSA Accounts, effective as of the Conversion Date, and (b) to effect the Custodial Transfer on the Conversion Date (collectively, the “Acquired Assets”).

• National Defense Stockpile Inventory‌A.157100Stockpile Materials Held In Reserve – Goal Material (Strategic and Critical Materials)B.157100Stockpile Materials Held In Reserve – Inventory Custodial Transfer or Pending SurveyC.157100Stockpile Materials Held In Reserve – Inventory In Process Government FacilityD.157100Stockpile Materials Held In Reserve – Inventory In Process Contractor FacilityE.157200Stockpile Materials Held For Sale040805.

• Documentary evidence is required.) Normal Distribution (Account holder age 59 1/2 or over; includes Required Minimum Distributions) Death (If not already in a Beneficiary IRA: Must provide a certified copy of the account holder's Death Certificate) IRA Trustee to Trustee Custodial Transfer (Non-Taxable).

• Buyer is duly qualified under the Code (including Section 223(d)(1)(B) thereof) and other Applicable Laws to serve as a custodian with respect to health savings accounts and has the corporate power and authority to serve as custodian or administrator, as the case may be, for the Accounts, to accept a trustee-to-trustee transfer and the Custodial Transfer, and to own the Acquired Assets as and in the places where now administered or owned, as the case may be.

• For the avoidance of doubt, consummation of the Custodial Transfer shall be determined in accordance with the terms of this Agreement, including this Section 2.1 and Article V hereof.

• Custodial Transfer of land, post mining, requires an extension of the concept of "designing for closure" and the development of a Post Mining Sustainable Use Plan rather than a "Closure Plan".

More Definitions of Custodial Transfer

Custodial Transfer means the transfer of custodial responsibility to a new custodian willing to accept any residual liability (if it exists) and responsibility for long-term management;