Common use of Rollover and Transfer Contributions Clause in Contracts

Rollover and Transfer Contributions. ▇▇▇▇▇▇▇▇▇ ESAs may be rolled over to another ▇▇▇▇▇▇▇▇▇ ESA for the same Designated Beneficiary, or to another ▇▇▇▇▇▇▇▇▇ ESA for another Designated Beneficiary who is an eligible Family Member so long as the new Designated Beneficiary is under the age of 30. • Trustee-to-Trustee transfers are allowed between ▇▇▇▇▇▇▇▇▇ ESAs that are registered in the name of a single Designated Beneficiary. Trustee-to-Trustee transfers are also allowed between ▇▇▇▇▇▇▇▇▇ ESAs of a Designated Beneficiary and a Family Member of the Designated Beneficiary. • The amount of any rollover or transfer must be deposited into the receiving ▇▇▇▇▇▇▇▇▇ ESA within 60 calendar days after the amount is withdrawn from the distributing ▇▇▇▇▇▇▇▇▇ ESA. • Only one rollover between ▇▇▇▇▇▇▇▇▇ ESAs is allowed during a 12-month (365 day) period. • Rather than rolling over or transferring the assets of a ▇▇▇▇▇▇▇▇▇ ESA to another ▇▇▇▇▇▇▇▇▇ ESA, the Designated Beneficiary of a ▇▇▇▇▇▇▇▇▇ ESA may be changed (or redesignated as) to another Designated Beneficiary who has not attained age 30 and who is a Family Member.

Rollover and Transfer Contributions. ▇▇▇▇▇▇▇▇▇ ESAs may be rolled over to another ▇▇▇▇▇▇▇▇▇ ESA for the same Designated Beneficiary, or to another ▇▇▇▇▇▇▇▇▇ ESA for another Designated Beneficiary who is an eligible Family Member so long as the new Designated Beneficiary is under the age of 30. • Trustee-to-Trustee transfers are allowed between ▇▇▇▇▇▇▇▇▇ ESAs that are registered in the name of a single Designated Beneficiary. Trustee-to-to- Trustee transfers are also allowed between ▇▇▇▇▇▇▇▇▇ ESAs of a Designated Beneficiary and a Family Member of the Designated Beneficiary. • The amount of any rollover or transfer must be deposited into the receiving ▇▇▇▇▇▇▇▇▇ ESA within 60 calendar days after the amount is withdrawn from the distributing ▇▇▇▇▇▇▇▇▇ ESA. • Only one rollover between ▇▇▇▇▇▇▇▇▇ ESAs is allowed during a 12-month (365 day) period. • Rather than rolling over or transferring the assets of a ▇▇▇▇▇▇▇▇▇ ESA to another ▇▇▇▇▇▇▇▇▇ ESA, the Designated Beneficiary of a ▇▇▇▇▇▇▇▇▇ ESA may be changed (or redesignated as) to another Designated Beneficiary who has not attained age 30 and who is a Family Member.

Rollover and Transfer Contributions. ▇▇▇▇▇▇▇▇▇ ESAs may be rolled over to another ▇▇▇▇▇▇▇▇▇ ESA for the same Designated Beneficiary, or to another ▇▇▇▇▇▇▇▇▇ ESA for another Designated Beneficiary who is an eligible Family Member so long as the new Designated Beneficiary is under the age of 30. • Trustee-to-Trustee transfers are allowed between ▇▇▇▇▇▇▇▇▇ ESAs that are registered in the name of a single Designated Beneficiary. Trustee-Trustee- to-Trustee transfers are also allowed between ▇▇▇▇▇▇▇▇▇ ESAs of a Designated Beneficiary and a Family Member of the Designated Beneficiary. • The amount of any rollover or transfer must be deposited into the receiving ▇▇▇▇▇▇▇▇▇ ESA within 60 calendar days after the amount is withdrawn from the distributing ▇▇▇▇▇▇▇▇▇ ESA. • Only one rollover between ▇▇▇▇▇▇▇▇▇ ESAs is allowed during a 12-month (365 day) period. • Rather than rolling over or transferring the assets of a ▇▇▇▇▇▇▇▇▇ ESA to another ▇▇▇▇▇▇▇▇▇ ESA, the Designated Beneficiary of a ▇▇▇▇▇▇▇▇▇ ESA may be changed (or redesignated as) to another Designated Beneficiary who has not attained age 30 and who is a Family Member.