Common use of Right of Revocation By Participant Clause in Contracts

Right of Revocation By Participant. (a) Once you execute the Adoption Agreement, you become the Participant and you have the right to revoke the Agreement for a period of seven days from the date it is executed by mailing or personally delivering a written notice of revocation to Pershing LLC, Retirement Products Department, Xxx Xxxxxxxx Xxxxx, Xxxxxx Xxxx, Xxx Xxxxxx 00000. The notice of revocation shall be deemed mailed on the date of the postmark (or if sent by certified or registered mail, the date of certification or registration) if it is deposited in the United States mail in an envelope, or other appropriate wrapper, first-class postage prepaid, properly addressed. If such notice is not received within seven days after the deemed date of mailing, the notice of revocation shall not be valid. (b) If the Adoption Agreement is revoked, the Custodian will return your entire contribution to the XXX without penalty, service charge, administrative expenses, or any other reduction. The contribution to an XXX that is revoked, and the distribution from an XXX that is revoked must be reported to the IRS.

Right of Revocation By Participant. (a) Once you execute the Adoption Agreement, you become the Participant and you have the right to revoke the Agreement for a period of seven days from the date it is executed by mailing or personally delivering a written notice of revocation to Pershing LLC, Retirement Products Department, Xxx Xxxxxxxx Xxxxx, Xxxxxx Xxxx, Xxx Xxxxxx 00000. The notice of revocation shall be deemed mailed on the date of the postmark (or if sent by certified or registered mail, the date of certification or registration) if it is deposited in the United States mail in an envelope, or other appropriate wrapper, first-class postage prepaid, properly addressed. If such notice is not received within seven days after the deemed date of mailing, the notice of revocation shall not be valid. (b) If the Adoption Agreement is revoked, the Custodian will return your entire contribution to the XXX IRA without penalty, service charge, administrative expenses, or any other reduction. The contribution to an XXX IRA that is revoked, and the distribution from an XXX IRA that is revoked must be reported to the IRS.

Right of Revocation By Participant. (a) Once you execute the Adoption Agreement, you become the Participant and you have the right to revoke the Agreement for a period of seven days from the date it is executed by mailing or personally delivering a written notice of revocation to Pershing LLC, Retirement Products Department, Xxx Xxxxxxxx Xxxxx, Xxxxxx Xxxx, Xxx Xxxxxx 00000. The notice of revocation shall be deemed mailed on the date of the postmark (or if sent by certified or registered mail, the date of certification or registration) if it is deposited in the United States mail in an envelope, or other appropriate wrapper, with first-class postage prepaid, and properly addressed. If such notice is not received within seven days after the deemed date of mailing, the notice of revocation shall not be valid. (b) If the Adoption Agreement is revoked, the Custodian will return your entire contribution to the Xxxx XXX without penalty, service charge, administrative expenses, or any other reduction. The contribution to an a Xxxx XXX that is revoked, and the distribution from an a Xxxx XXX that is revoked revoked, must be reported to the IRS.

Right of Revocation By Participant. (a) Once you execute the Adoption Agreement, you become the Participant and you shall have the right to revoke the Adoption Agreement for a period of seven days from the date it is executed by mailing or personally delivering a written notice of revocation to Pershing LLC, Retirement Products Department, Xxx Xxxxxxxx Xxxxx, Xxxxxx Xxxx, Xxx Xxxxxx 00000. The notice of revocation shall be deemed mailed on the date of the postmark (or if sent by certified or registered mail, the date of certification or registration) if it is deposited in the United States mail in an envelope, or other appropriate wrapper, first-first class postage prepaid, properly addressed. If such notice is not received within seven days after the deemed date of mailing, the notice of revocation shall not be valid. (b) If the Adoption Agreement is revoked, the Custodian will return your entire contribution to the XXX SIMPLE IRA without penalty, service charge, administrative expenses, or any other reduction. The contribution to an XXX a SIMPLE IRA that is revoked, and the distribution from an XXX a SIMPLE IRA that is revoked revoked, must be reported to the IRSInternal Revenue Service.

Right of Revocation By Participant. (a) Once you execute the Adoption Agreement, you become the Participant and you shall have the right to revoke the Adoption Agreement for a period of seven days from the date it is executed by mailing or personally delivering a written notice of revocation to Pershing LLC, Retirement Products Department, Xxx Xxxxxxxx Xxxxx, Xxxxxx Xxxx, Xxx Xxxxxx 00000. The notice of revocation shall be deemed mailed on the date of the postmark (or if sent by certified or registered mail, the date of certification or registration) if it is deposited in the United States mail in an envelope, or other appropriate wrapper, first-first class postage prepaid, properly addressed. If such notice is not received within seven days after the deemed date of mailing, the notice of revocation shall not be valid. (b) If the Adoption Agreement is revoked, the Custodian will return your entire contribution to the SIMPLE XXX without penalty, service charge, administrative expenses, or any other reduction. The contribution to an a SIMPLE XXX that is revoked, and the distribution from an a SIMPLE XXX that is revoked revoked, must be reported to the IRSInternal Revenue Service.