Hi Nachiketh,

 
No, that is not how it works.  Per E*Trade, each country has their own estate laws that
must be complied with before releasing/transferring the shares to the rightful
beneficiary.  There is a process that must be vetted through by E*Trade.  Simply
designating your father as the “beneficiary” is insufficient which is the reason why
International participants are not permitted to make such a designation in the account.
 
At this point, we would encourage you to designate your father as the beneficiary with
Synopsys local HR if you haven’t already.  Should there be an untimely demise with
your situation, we can coordinate with local HR to assist your father and put him in
touch with the E*Trade Beneficiary team.  Which for your information, E*Trade’s
beneficiary department contact phone number is the following: 1-888-402-0653.  Please
note this down for your record.
 
If you are unsatisfied with this option, while still alive, you always have the option to sell
your shares and cash in the proceeds.
 
Best regards,
 
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