REVOCATION OF ELECTIONS Sample Clauses

REVOCATION OF ELECTIONS. Any holder of record who has made an Election may change it at any time prior to the Election Deadline by submitting to the Company a revised Election Form (or a facsimile thereof), properly completed and signed. Upon the Election Deadline, Elections will become irrevocable except to the extent changes therein are made as provided in, or are permitted by the Acquiror in order to satisfy the limitations referred to in, Section 2.7(d) hereof. Unless changed as aforesaid, an Election Form submitted by any holder of record of Company Common Stock shall be binding upon any transferee of the shares of such holder.

REVOCATION OF ELECTIONS. Except as provided in Section 3.3(C), Covered Employees may revoke elections (including default elections) and Salary Reduction Agreements during a Plan Year only in accordance with the provisions described in this Section 5.1(F)(3). Except for changes made in accordance with Section 5.1(F)(3)(g) and changes made pursuant to a HIPAA special enrollment due to initial entitlement to state premium assistance under Medicaid or CHIP or loss of entitlement to Medicaid or a state children’s health insurance program (CHIP), a Covered Employee must make the change within 30 days of the event giving rise to the election change. In the event of a HIPAA special enrollment due to the loss of Medicaid or a state children's health insurance program (CHIP) or initial entitlement to state premium assistance by an Employee, Spouse or Dependent, a Covered Employee will have 60 days from the date of the event to make an election change. Notwithstanding the provisions of this Section 5.1(F), an Employee’s or Covered Employee’s ability to elect or revoke certain benefit options mid-year may be restricted by the terms of the plan governing that benefit option. a. Separation from Service Covered Employees may revoke elections and Salary Reduction Agreements and/or Salary Deduction Agreements on separating from the Employer's service. Regardless of previous claims or reimbursements, the Plan Administrator must reimburse a Covered Employee for any amounts the Covered Employee already paid for coverage relating to the period after the effective date of termination of coverage. b. Change in Status A Covered Employee may revoke any election (including a default election) and make a new one if such revocation and new election are both on account of and necessary or appropriate because of a Change in Status. Election and Salary Reduction Agreement changes must be consistent with the Change in Status, except for elections: (1) Made pursuant to the special enrollment provisions of HIPAA, (2) Made pursuant to a Change in Status event expressly identified in Article II as not requiring that Plan eligibility be affected, and only to the extent permitted under applicable law or guidance, or (3) Made to increase Salary Reduction Contributions in the event the Employee, Spouse or Dependent elects COBRA coverage. For purposes of this subparagraph (b), the term “consistent” means that the Change in Status event must cause the Employee or Employee’s Spouse or Dependent children to gain or lose eli...