Common use of Written Explanation Clause in Contracts

Written Explanation. (A) The Administrator shall provide to each Participant, within the Applicable Period (defined below), and consistent with such regulations as the Secretary of Treasury may prescribe, a written explanation of: (i) the terms and conditions of the Preretirement Survivor Annuity; (ii) the Participant’s right to make, and the effect of, an election under (1) above to waive the coverage of the Preretirement Survivor Annuity; (iii) the rights of the Participant’s spouse under (5) below; (iv) the right to make, and the effect of, a revocation of an election under (2) above; and (v) the eligibility conditions, material features and relative values of any optional forms of benefit under the Plan.

Written Explanation. (A) The Administrator shall provide to each Participant, within the "Applicable Period (Period," as defined below), and consistent with such regulations as the Secretary of the Treasury may prescribe, a written explanation of: (i) the terms and conditions of the Preretirement Survivor Annuity; (ii) the Participant’s 's right to make, and the effect of, an election under (1) above to waive the coverage of the Preretirement Survivor Annuity; (iii) the rights of the Participant’s 's spouse under (5) below; (iv) the right to make, and the effect of, a revocation of an election under (2) above; and (v) the eligibility conditions, material features and relative values of any optional forms of benefit under the Plan.