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Recently when trying to seize the schema master role I got an error indicating that access was denied.  I was logged in as the domain administrator and I was a member of the Schema Admin group.  Prior to trying the seize the schema master role, I was able to sucessfully seize the other four roles.

The following error was received:

fsmo maintenance: seize schema master
Attempting safe transfer of schema FSMO before seizure.
ldap_modify_sW error 0×32(50 (Insufficient Rights).
Ldap extended error message is 00002098: SecErr: DSID-03151D7D, problem 4003 (IN
SUFF_ACCESS_RIGHTS), data 0

Win32 error returned is 0×2098(Insufficient access rights to perform the operation.))
Depending on the error code this may indicate a connection,
ldap, or role transfer error.
Transfer of schema FSMO failed, proceeding with seizure …
ldap_modify of SD failed with 0×32(50 (Insufficient Rights).
Ldap extended error message is 00000005: SecErr: DSID-03151E04, problem 4003 (IN
SUFF_ACCESS_RIGHTS), data 0

Win32 error returned is 0×5(Access is denied.)
)

 To resolve the issue, I simply logged out, logged back in again and when I ran the commond to seize the role, it suceeded.