Common use of Written Explanation Clause in Contracts

Written Explanation. The written explanation shall contain the following: (1) The terms and conditions of the QJSA; (2) The Participant’s right to make, and the effect of, an election to waive the QJSA payment option; (3) The rights of the Participant’s Spouse; and (4) The right to make, and the effect of, a revocation of a previous election to waive the QJSA.

Appears in 3 contracts

Sources: Retirement and Savings Plan (Host Marriott L P), Retirement and Savings Plan (Host Marriott Corp/), Retirement and Savings Plan (Host Marriott Corp/)