Examples of Plan Custodian in a sentence
The Plan Custodian shall complete the withdrawal as soon as is practicable following receipt of such notice and instructions by the Plan Custodian from a Member (or the beneficiary or legal representative of a deceased Member).
All Plan Shares purchased or received by the Plan Custodian and any fractional amounts shall be allocated to Members’ Accounts in accordance with Section 7.
Employee Contributions and Employer Payments shall be remitted in such mode as is determined by the Company and the Plan Custodian.
Upon termination of the Plan, all Plan Shares held by the Plan Custodian and any cash balances remaining in Members’ Accounts shall be distributed to the relevant Members.
The purchased Plan Shares will be held in the name of the Plan Custodian.