Bulletin. If for any reason this series is not available, the interest rate will be based on a comparable series. AXA Equitable may at any time substitute a bond of different maturity for the five-year Treasury bond referred to in this subsection, provided that (i) any such change will apply only to Plans which begin participation under this Contract after such change, and (ii) such change will be made by advance written notice to the Employer. In such event, the references in this subsection to “five years” and “quinquennial anniversary” will be deemed to have been correspondingly changed.
Appears in 1 contract
Samples: Separate Account 3 of Axa Equitable Life Insurance Co
Bulletin. If for any reason this series is not available, the interest rate will be based on a comparable series. AXA Equitable may at any time substitute a bond of different maturity for the five-year Treasury bond referred to in this subsection, provided that (i) any such change will apply only to Plans which begin participation under this Contract after such change, and (ii) such change will be made by advance written notice to the EmployerOwner. In such event, the references in this subsection to “five years” and “quinquennial anniversary” will be deemed to have been correspondingly changed.. PART VI – WITHDRAWALS TO EFFECT PLAN LOANS
Appears in 1 contract
Samples: Separate Account No. 206
Bulletin. If for any reason this series is not available, the interest rate will be based on a comparable series. AXA Equitable may at any time substitute a bond of different maturity for the five-year Treasury bond referred to in this subsection, provided that (i) any such change will apply only to Plans which begin participation under this Contract after such change, and (ii) such change will be made by advance written notice to the EmployerOwner. In such event, the references in this subsection to “five years” and “quinquennial anniversary” will be deemed to have been correspondingly changed.
Appears in 1 contract
Samples: Separate Account 206 of Axa Equitable Life Insurance Co
Bulletin. If for any reason this series is not available, the interest rate will be based on a comparable series. AXA Equitable may at any time substitute a bond of different maturity for the five-year Treasury bond referred to in this subsection, provided that (i) any such change will apply only to Plans Contracts which begin participation under this Contract after such change, and (ii) such change will be made by advance written notice to the Employerapplicable Employer and Participant. In such event, the references in this subsection to “"five years” " and “"quinquennial anniversary” " will be deemed to have been correspondingly changed.
Appears in 1 contract
Samples: Separate Account a of Equitable Life Assu Soc of the Us