Purpose of the Plan. The Plan will be operated exclusively for the benefit of the Beneficiary under the Plan. The Beneficiary’s designation is irrevocable and no right of the Beneficiary to receive payments from the Plan is capable of surrender or assignment.
Appears in 9 contracts
Sources: Account Agreement, Account Agreement, Account Agreement
Purpose of the Plan. The Plan will be operated exclusively for the benefit of the Beneficiary under the Plan. The Beneficiary’s designation is irrevocable and no right of the Beneficiary to receive payments from the Plan is capable of surrender may be surrendered or assignmentassigned.
Appears in 1 contract
Sources: Declaration of Trust
Purpose of the Plan. The Plan will be operated exclusively for the benefit of the Beneficiary under the Plan. The Beneficiary’s 's designation is irrevocable and no right of the Beneficiary to receive payments from the Plan is capable of surrender or assignment.
Appears in 1 contract
Sources: Individual Education Savings Plan Terms and Conditions and Declaration of Trust