Common use of APPLICATION TO PROVIDE ANNUITY BENEFIT Clause in Contracts

APPLICATION TO PROVIDE ANNUITY BENEFIT. As of the date of the first payment under each such Annuity Benefit to be provided hereunder, an application will be made to provide such Annuity Benefit. The amount so applied will be equal to the following, less any applicable tax on annuity considerations: (a) the Retirement Account Value, if payments under the applicable annuity form are contingent upon the survival of a person, or (b) the Cash Value, if payments under the applicable annuity form are not contingent upon the survival of a person; provided that the Employer or Employer Plan Trustee may report, in accordance with Section 3.04, that only a portion of the given amount is to be used for such Annuity Benefit. If Equitable has deducted charges for applicable tax from the Contributions being applied to provide an Annuity Benefit before they were allocated to the Divisions pursuant to Section 2.06, Equitable will not again deduct charges from such Contributions for the same taxes. If, however, taxes are later imposed upon Equitable when such an application is made, Equitable reserves the right to make an additional deduction for such taxes. Application will be made on the basis of either (a) the Tables of Guaranteed Annuity Payments included in Appendix A of this Contract, or (b) Equitable's then-current individual annuity rates applicable at the time of application to funds which derive from sources outside Equitable, whichever rates would provide a larger benefit with respect to the payee. After application to provide an Annuity Benefit pursuant to this Section, the amounts with respect to the Participant in the Divisions and the Retirement Account Value will be correspondingly reduced.

APPLICATION TO PROVIDE ANNUITY BENEFIT. As of the date of the first payment under each such Annuity Benefit to be provided hereunder, an An application will must be made in order to provide such each Annuity Benefit. The amount so applied to each such Annuity Benefit will be equal to the following, amount withdrawn less any applicable tax charge in accordance with the section “Applicable Tax Charges” on annuity considerations: (a) the Retirement Account Value, if payments under the applicable annuity form are contingent upon the survival of a person, or (b) the Cash Value, if payments under the applicable annuity form are not contingent upon the survival of a person; provided that the Owner, Employer or Employer Plan Trustee Employer’s Designee as applicable may report, in accordance with the Section 3.04“Report for Annuity Benefit”, that only a portion of the given amount is to be used for such Annuity Benefit. If Equitable has an Annuity Benefit payment is elected in lieu of the Cash Value, the amount applied to provide the Annuity Benefit will, unless otherwise specified by the Employer or Employer Designee or required by applicable laws and regulations, be (1) the Annuity Account Value, if the annuity form elected provides payments for a person’s remaining lifetime or (2) the Cash Value, if the annuity form elected does not provide such lifetime payments. If we have deducted charges for applicable tax from the Contributions being applied to provide an Annuity Benefit before they were allocated contributed to the Divisions pursuant to Section 2.06this Contract, Equitable we will not again deduct charges from such Contributions for the same taxes. If, If however, taxes are later imposed upon Equitable us when such an application is made, Equitable reserves we reserve the right to make an additional deduction for such taxes. The Table of Guaranteed Annuity Payments in Appendix A shows the amount payable for a life annuity with a ten certain form paid monthly per $1,000.00 of the amount applied. Application will be made on the basis of either (a) the Tables Table of Guaranteed Annuity Payments included in Appendix A of this Contract, or (b) Equitable's then-our then current individual annuity rates applicable at the time of application to funds which derive from sources outside Equitableapplication, whichever rates would provide a larger benefit with respect to the payee. After application to provide an Annuity Benefit pursuant to this Section, the amounts with respect to the Participant in the Divisions and the Retirement Account Value will be correspondingly reduced.

APPLICATION TO PROVIDE ANNUITY BENEFIT. As of the date of the first payment under each such Annuity Benefit to be provided hereunder, an application will be made to provide such Annuity Benefit. The amount so applied will be equal to the followingRetirement Account Value, less any applicable tax on annuity considerations: (a) the Retirement Account Value, if payments under the applicable annuity form are contingent upon the survival of a person, or (b) the Cash Value, if payments under the applicable annuity form are not contingent upon the survival of a person; provided that the Employer or Employer Plan Trustee may report, in accordance with Section 3.043.02, that only a portion of the given amount is to be used for such Annuity Benefit. If Equitable has deducted charges for applicable tax from the Contributions being applied to provide an Annuity Benefit before they were allocated to the Divisions pursuant to Section 2.062.05, Equitable will not again deduct charges from such Contributions for the same taxes. If, however, taxes are later imposed upon Equitable when such an application is made, Equitable reserves the right to make an additional deduction for such taxes. Application will be made on the basis of either (a) the Tables Table of Guaranteed Annuity Payments included in Appendix A of this Contract, or (b) Equitable's then-current individual annuity rates applicable at the time of application to funds which derive from sources outside Equitable, whichever rates would provide a larger large benefit with respect to the payee. After application to provide an Annuity Benefit pursuant to this Section, the amounts with respect to the Participant in the Divisions and the Retirement Account Value will be correspondingly reduced.

APPLICATION TO PROVIDE ANNUITY BENEFIT. As of the date of the first payment under each such Annuity Benefit to be provided hereunder, an An application will must be made in order to provide such each Annuity Benefit. The amount so applied to each such Annuity Benefit will be equal to the followingamount withdrawn from the Account, less any applicable tax charge in accordance with the Section “Applicable Tax Charges” on annuity considerations: (a) the Retirement Account Value, if payments under the applicable annuity form are contingent upon the survival of a person, or (b) the Cash Value, if payments under the applicable annuity form are not contingent upon the survival of a person; provided that the Owner, Employer or Employer Plan Trustee Employer's Designee as applicable may report, in accordance with the Section 3.04“Report for Annuity Benefit”, that only a portion of the given amount is to be used for such Annuity Benefit. If AXA Equitable has deducted charges for applicable tax from the Contributions being applied to provide an Annuity Benefit before they were allocated to the Divisions pursuant to Section 2.06Account, AXA Equitable will not again deduct charges from such Contributions for the same taxes. If, If however, taxes are later imposed upon AXA Equitable when such an application is made, AXA Equitable reserves the right to make an additional deduction for such taxes. The Table of Guaranteed Annuity Payments in the Appendix shows the amount payable for a Life with 10 year certain Annuity paid monthly per $1,000.00 of the amount applied. Application will be made on the basis of either (a) the Tables Table of Guaranteed Annuity Payments included in the Appendix A of this Contract, or (b) AXA Equitable's then-then current individual annuity rates applicable at the time of application to funds which derive from sources outside Equitableapplication, whichever rates would provide a larger benefit with respect to the payee. After application to provide an Annuity Benefit pursuant to this Section, the amounts with respect to the Participant in the Divisions and the Retirement Account Value will be correspondingly reduced.