Common use of APPLICABLE TAX CHARGES Clause in Contracts

APPLICABLE TAX CHARGES. We reserve the right to deduct a charge that we determine to approximate certain taxes that may be imposed on us, including but not limited to premium taxes, that may apply in the Participant's state of residence. The tax charge will be deducted from amounts applied to an Annuity Benefit in accordance with Part VII "

Appears in 2 contracts

Samples: Group Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co), Group Flexible Premium Deferred Variable Annuity Contract (Separate Account a of Equitable Life Assu Soc of the Us)

AutoNDA by SimpleDocs

APPLICABLE TAX CHARGES. We reserve the right to deduct a charge that we determine to approximate certain taxes that may be imposed on us, including but not limited to premium taxes, taxes that may apply in the Participant's state of residence. The tax charge will be deducted from amounts applied to an Annuity Benefit in accordance with Part VII "

Appears in 2 contracts

Samples: Group Flexible Premium Deferred Variable Annuity Contract (Separate Account a of Axa Equitable Life Insurance Co), Group Annuity Contract (Separate Account a of Equitable Life Assu Soc of the Us)

AutoNDA by SimpleDocs

APPLICABLE TAX CHARGES. We reserve the right to deduct a charge that we determine to approximate certain taxes that may be imposed on us, including but not limited to premium taxes, that taxes which may apply in the Participant's your state of residencedomicile. The tax charge will be deducted from amounts applied to an Annuity Benefit in accordance with Part VII Section 7.03 "

Appears in 1 contract

Samples: Group Annuity Contract (Separate Account a of Equitable Life Assu Soc of the Us)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!