Common use of TIME AND METHOD OF ELECTION OF OPTIONS Clause in Contracts

TIME AND METHOD OF ELECTION OF OPTIONS. A Member may elect an optional form of pension in accordance with Section 7.01, 7.02, 7.03 or may change or revoke his election at any time prior to the commencement of the payment of his pension. In case of an election of life pension continuing to a joint annuitant, if the joint annuitant dies before the commencement of the payment of pension, the election shall be void. Any elected option is irrevocable once the payment of the pension has commenced.

TIME AND METHOD OF ELECTION OF OPTIONS. A Member may elect an optional form of pension in accordance with Section 7.01, 7.02, 7.03 or may change or revoke his election at any time prior to the commencement of the payment of his pension. In in case of an election of life pension continuing to a joint annuitant, if the joint annuitant dies before the commencement of the payment of pension, the election shall be void. Any elected option is irrevocable once the payment of the pension has commenced.

TIME AND METHOD OF ELECTION OF OPTIONS. A Member may elect an optional form of pension in accordance with Section 7.01, 7.02, 7.03 or may change or revoke his election at any time prior to the commencement of the payment of his pension. In case of an election of life pension continuing to a joint annuitant, if the joint annuitant dies annuitantdies before the commencement of the payment of pension, the election shall be void. Any elected option is irrevocable once the payment of the pension has commenced.

TIME AND METHOD OF ELECTION OF OPTIONS. A Member may elect an optional form of pension in accordance with Section 7.01, 7.02, 7.03 or or may change or revoke his election at any time prior to the commencement of the payment of his pension. In case of an election of a life pension continuing to a joint annuitant, if the joint annuitant dies before the commencement of the payment of the pension, the election shall be void. Any elected option is irrevocable once the payment of the pension has commenced.