Common use of Rollover Contributions Clause in Contracts

Rollover Contributions. (i) If directed by the Depositor, the Custodian shall open and maintain a separate Account for each rollover contribution described in Section 402(c), 403(a)(4), 403(b)(8), 408(d)(3), or 457(e)(16) of the Code, or any other applicable section of the Code. (ii) If a Depositor desires to roll over or transfer assets other than cash to his or her ▇▇▇, the Custodian shall accept such assets only if they are compatible with the Custodian’s administrative or operational requirements and regular business practices. Unless otherwise directed by the Participant, any rollover contribution made by a Participant may be combined with any other of the Participant’s Accounts and further contributions may be made to that Account.

Rollover Contributions. (i) If directed by the Depositor, the Custodian shall open and maintain a separate Account for each rollover contribution described in Section 402(c), 403(a)(4), 403(b)(8), 408(d)(3), or 457(e)(16) of the Code, or any other applicable section of the Code. (ii) If a Depositor desires to roll over or transfer assets other than cash to his or her ▇▇▇IRA, the Custodian shall accept such assets only if they are compatible with the Custodian’s administrative or operational requirements and regular business practices. Unless otherwise directed by the Participant, any rollover contribution made by a Participant may be combined with any other of the Participant’s Accounts and further contributions may be made to that Account.