Common use of Right of Revocation Clause in Contracts

Right of Revocation. Regulations of the Internal Revenue Service require that this Disclosure Statement be given to a participant at least seven days before the account is established, or, the participant may revoke the account within seven days after it is established. By executing the Xxxx XXX Adoption Agreement, you acknowledge receipt of this Disclosure Statement. Accordingly, you are entitled to revoke the XXX within seven days after the date of your execution of the Adoption Agreement. Such revocation may be made only by written notice which at your option may be mailed or delivered to Constellation Trust Company as follows: Mailing address: Constellation Trust Company 0000 Xxxxx 000xx Xxxxxx, Xxxxx 0 Xxxxx, XX 00000 Delivery address: Constellation Trust Company 0000 Xxxxx 000xx Xxxxxx, Xxxxx 0 Xxxxx, XX 00000 If mailed, the revocation notice shall be deemed mailed on the date of the postmark (or if by registered or certified mail, the date of registration or certification) if deposited in the mail in the United States in an envelope or other appropriate wrapper, first class postage prepaid, properly addressed. Upon revocation within the seven-day period, the Custodian will return the current fair market value of the amount contributed to the XXX, without penalty, service charge, or administrative expense.

Appears in 3 contracts

Samples: Account Custodial Agreement, Retirement Account Custodial Agreement, Account Custodial Agreement

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Right of Revocation. Regulations of the Internal Revenue Service require that this Disclosure Statement be given to a participant at least seven days before the account is established, or, the participant may revoke the account within seven days after it is established. By executing the Xxxx XXX Adoption Agreement, you acknowledge receipt of this Disclosure Statement. Accordingly, you are entitled to revoke the XXX IRA within seven days after the date of your execution of the Adoption Agreement. Such revocation may be made only by written notice which at your option may be mailed or delivered to Constellation Trust Company as follows: Mailing address: Constellation Trust Company 0000 Xxxxx 000xx Xxxxxx, Xxxxx 0 Xxxxx, XX 00000 Delivery address: Constellation Trust Company 0000 Xxxxx 000xx Xxxxxx, Xxxxx 0 Xxxxx, XX 00000 If mailed, the revocation notice shall be deemed mailed on the date of the postmark (or if by registered or certified mail, the date of registration or certification) if deposited in the mail in the United States in an envelope or other appropriate wrapper, first class postage prepaid, properly addressed. Upon revocation within the seven-day period, the Custodian will return the current fair market value of the amount contributed to the XXXIRA, without penalty, service charge, or administrative expense.

Appears in 2 contracts

Samples: Retirement Account Custodial Agreement, Account Custodial Agreement

Right of Revocation. Regulations of the Internal Revenue Service require that this Disclosure Statement be given to a participant at least seven days before the account is established, or, the participant may revoke the account within seven days after it is established. By executing the Xxxx XXX Adoption Agreement, you acknowledge receipt of this Disclosure Statement. Accordingly, you are entitled to revoke the XXX within seven days after the date of your execution of the Adoption Agreement. Such revocation may be made only by written notice which at your option may be mailed or delivered to Constellation Trust Company as follows: Mailing address: Constellation Trust Company 0000 Xxxxx 000xx Xxxxxx, Xxxxx 0 Xxxxx, XX 00000 Delivery address: Constellation Trust Company 0000 Xxxxx 000xx Xxxxxx, Xxxxx 0 Xxxxx, XX 00000 If mailed, the revocation notice shall be deemed mailed on the date of the postmark (or if by registered or certified mail, the date of registration or certification) if deposited in the mail in the United States in an envelope or other appropriate wrapper, first class postage prepaid, properly addressed. Upon revocation within the seven-day period, the Custodian Constellation Trust Company will return the current fair market value of the amount contributed to the XXX, without penalty, service charge, or administrative expense.

Appears in 2 contracts

Samples: Account Custodial Agreement, Account Custodial Agreement

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Right of Revocation. Regulations of the Internal Revenue Service require that this Disclosure Statement be given to a participant at least seven days before the account is established, or, the participant may revoke the account within seven days after it is established. By executing the Xxxx XXX Adoption Agreement, you acknowledge receipt of this Disclosure Statement. Accordingly, you are entitled to revoke the XXX IRA within seven days after the date of your execution of the Adoption Agreement. Such revocation may be made only by written notice which at your option may be mailed or delivered to Constellation Trust Company as follows: Mailing address: Constellation Trust Company 0000 Xxxxx 000xx Xxxxxx, Xxxxx 0 Xxxxx, XX 00000 Delivery address: Constellation Trust Company 0000 Xxxxx 000xx Xxxxxx, Xxxxx 0 Xxxxx, XX 00000 If mailed, the revocation notice shall be deemed mailed on the date of the postmark (or if by registered or certified mail, the date of registration or certification) if deposited in the mail in the United States in an envelope or other appropriate wrapper, first class postage prepaid, properly addressed. Upon revocation within the seven-day period, the Custodian Constellation Trust Company will return the current fair market value of the amount contributed to the XXXIRA, without penalty, service charge, or administrative expense.

Appears in 1 contract

Samples: Account Custodial Agreement

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