Common use of Minimum Account Value Clause in Contracts

Minimum Account Value. If the value of a Participant Account falls below $2,500, We may, to the extent permitted under the Plan, the Code, and applicable law, close the Account and send the Account Value to the Participant or to another custodian or issuer.

Appears in 2 contracts

Sources: Governmental 457(b) Group Custodial Agreement, 403(b)(7) Group Custodial Agreement