Elections made under the plan shall be irrevocable by the participant during the plan year. Notwithstanding the foregoing, however, if during the plan year the participant marries, if the participant’s dependent dies, or if the participant’s spouse terminates their employment, the participant may revoke their benefit election for the remainder of such plan year. Any revocation under this provision shall be effective at such time as the administrator shall prescribe, but not earlier than the first pay period beginning after the election form is completed and returned to the administrator. (Ord. 5850-NS § 1 (part), 1988)