Election and Revocation Clause Samples
Election and Revocation. SWO may be elected by submitting a completed and signed election form to Aetna's home office. Once elected, this option may be revoked by the Certificate Holder or spousal Beneficiary, if elected after the Certificate Holder's death, by submitting a written request to Aetna at its home office. Any revocation will apply only to amounts not yet paid. SWO may be elected only once by the Certificate Holder or by the spousal Beneficiary.
Election and Revocation. The Participant may elect ECO by submitting a completed and signed election form to Aetna's Home Office. Once ECO is elected, the Participant may revoke it by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. ECO may be elected only once per Individual Account. For Plans subject to ERISA, see Section VI.
Election and Revocation. ECO may be elected by the Certificate Holder by submitting a written request to Aetna at its Home Office. Once elected, this option may be revoked by the Certificate Holder, or spouse Beneficiary if elected after the Contract Holder's death, by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. The Certificate Holder assumes responsibility for compliance with minimum distribution rules under the Code. ECO may be elected only once by the Certificate Holder or by a spouse Beneficiary.
(B) SYSTEMATIC WITHDRAWAL OPTION (SWO): A distribution option under which a portion of the Account's Current Value will automatically be surrendered and distributed each year. SWO payments will be calculated based on the Account's full Current Value. The distributed amount will be withdrawn pro rata from each investment option used under the Account. A Surrender Fee will not be deducted from any portion of the Current Value which is paid as a distribution under SWO. Certificate Holders should consult their tax advisers prior to requesting this distribution option. Aetna will not be responsible for any adverse tax consequences due to receiving SWO payments.
Election and Revocation. SWO may be elected by the Participant by submitting a completed and signed election form to Aetna's Home Office. The Participant must also submit the appropriate joint and survivor annuity waiver and spousal consent form(s) to Aetna at its Home Office. Once elected, this option may be revoked by the Contract Holder by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. SWO may be elected only once.
Election and Revocation. The Participant may elect SWO by submitting a completed and signed election form to Aetna's Home Office. Once SWO is elected, the Participant may revoke it by submitting a written request to Aetna's Home Office. Any revocation will apply only to amounts not yet paid. Generally, SWO may be elected only once, however, if ▇▇▇ is elected and then revoked before the date distributions were required to begin under Code Section 401(a)(9), SWO may be elected on behalf of a spouse Beneficiary after the death of the Participant. For Plans subject to ERISA, see Section VI.
Election and Revocation. ECO may be elected by the Contract Holder by submitting a written request to Aetna at its Home Office.
Election and Revocation. ECO may be elected by the Certificate Holder by submitting a written request to Aetna at its Home Office. Once elected, this option may be revoked by the Certificate Holder, or spouse Beneficiary if elected after the Certificate Holder's death, by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. The Certificate Holder assumes responsibility for compliance with minimum distribution rules under the Code. ▇▇▇ may be elected only once by the Certificate Holder or by a spouse Beneficiary.
Election and Revocation. The Contract Holder may elect SWO by submitting a completed and signed election form to Aetna's Home Office. If the Contract Holder has notified Aetna that the Plan is subject to Title I of the Employee Retirement Income Security Act of 1974 as amended, the Contract Holder must also certify in writing that all the appropriate REA requirements have been met and that the distribution is in accordance with the terms of the Plan. Once SWO is elected, the Contract Holder may revoke it by submitting a written request to Aetna's Home Office. Any revocation will apply only to amounts not yet paid. Generally, SWO may be elected only once, however, if ▇▇▇ is elected on behalf of a Participant and then revoked before the date distributions were required to begin under Code Section 401(a)(9), SWO may be elected on behalf of a spouse beneficiary after the death of the Participant.
Election and Revocation. The Contract Holder may 44 elect ECO by submitting a completed and signed election form to Aetna's Home Office. If the Contract Holder has notified Aetna that the Plan is subject to Title I of the Employee Retirement Income Security Act of 1974 as amended, the Contract Holder must also certify in writing that all the appropriate REA requirements have been met and that the distribution is in accordance with the terms of the Plan. Once ECO is elected, the Contract Holder may revoke it by submitting a written request to Aetna at its Home Office. Any revocation will apply only to amounts not yet paid. ECO may be elected only once per Participant.