Common use of Date of Distribution Clause in Contracts

Date of Distribution. The Contract Holder shall specify the initial distribution date. The earliest date is the first day of the calendar year in which the Contract Holder attains age 70 1/2. SWO payments will be made annually. Subsequent distributions will be made annually on the 15th of the month or such other date Aetna may designate or allow.

Date of Distribution. The Contract Holder shall specify the initial distribution date. The earliest date is the first day of the calendar year in which the Contract Holder attains you attain age 70 1/2. SWO payments will be made annually. Subsequent distributions will be made annually on the 15th of the month the initial payment was made or such other date Aetna may designate or allow.