Common use of LIMITS ON CONTRIBUTIONS Clause in Contracts

LIMITS ON CONTRIBUTIONS. Contributions to a ▇▇▇▇▇▇▇▇▇ ESA are for the year received, except that contributions made between January 1 and April 15th may be designated as for the prior year. • The maximum contribution to a Designated Beneficiary’s ▇▇▇▇▇▇▇▇▇ ESA is $2,000 for each tax year until the Designated Beneficiary attains age18. Assets transferred or rolled over into a ▇▇▇▇▇▇▇▇▇ ESA are excluded from the annual contribution limit. • For the year in which the Designated Beneficiary reaches age 18, contributions must be made on or before the Designated Beneficiary’s 18th birthday, unless the Designated Beneficiary has “special needs” (as defined under IRS regulations). • Contributions to a ▇▇▇▇▇▇▇▇▇ ESA that was established for a “special needs” Designated Beneficiary may continue after the Designated Beneficiary's 18th birthday. • Contributions may be made into a single ▇▇▇▇▇▇▇▇▇ ESA or into multiple ▇▇▇▇▇▇▇▇▇ ESAs for the benefit of any one Designated Beneficiary.

LIMITS ON CONTRIBUTIONS. Contributions to a ▇▇▇▇▇▇▇▇▇ ESA are for the year received, except that contributions made between January 1 and April 15th may be designated as for the prior year. • The maximum contribution to a Designated Beneficiary’s ▇▇▇▇▇▇▇▇▇ ESA is $2,000 for each tax year until the Designated Beneficiary attains age18age 18. Assets transferred or rolled over into a ▇▇▇▇▇▇▇▇▇ ESA are excluded from the annual contribution limit. • For the year in which the Designated Beneficiary reaches age 18, contributions must be made on or before the Designated Beneficiary’s 18th birthday, unless the Designated Beneficiary has “special needs” (as defined under IRS regulations). • Contributions to a ▇▇▇▇▇▇▇▇▇ ESA that was established for a “special needs” Designated Beneficiary may continue after the Designated Beneficiary's ’s 18th birthday. • Contributions may be made into a single ▇▇▇▇▇▇▇▇▇ ESA or into multiple ▇▇▇▇▇▇▇▇▇ ESAs for the benefit of any one Designated Beneficiary.