Common use of Elections and Revocation Clause in Contracts

Elections and Revocation. ECO may be elected by the Owner on the Participant's behalf by submitting a completed and signed election form to Aetna's Home Office. Once elected, this option may be revoked by the Owner on the Participant's behalf 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.

Elections and Revocation. ECO may be elected by the Owner Contract Holder, on the Participant's behalf your behalf, by submitting a completed and signed election form to Aetna's Home Office. The Contract Holder must also certify in writing that the distribution is in accordance with the terms of the Plan. Once elected, this option may be revoked by the Owner on the Participant's behalf Contract Holder 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 onceonce on your behalf.