Common use of Dividend Reinvestment Program Clause in Contracts

Dividend Reinvestment Program. Baird offers a Dividend Reinvestment Program under which dividends received on eligible securities are automatically reinvested in additional shares of such securities on a commission-free basis. A description of the Dividend Reinvestment Program and the specific terms and conditions applicable thereto is contained in the “Dividend Reinvestment Program and Liquidation of Client Fractional Positions” Section of Important Account Disclosures. By participating in the Dividend Reinvestment Program, Client agrees to the terms and conditions applicable to the Program. If Client is interested in participating in the Dividend Reinvestment Program, Client should contact Client’s Baird Financial Advisor. Client understands and agrees that Baird may, in its sole discretion at any time without notice to Client, discontinue or suspend the Dividend Reinvestment Program in whole or in part, or modify its terms.