Common use of DEFINITIONS RELATING TO THE INVESTMENT DIVISIONS Clause in Contracts

DEFINITIONS RELATING TO THE INVESTMENT DIVISIONS. EXPENSES: For a Valuation Period, the Expenses which may be charged to an Investment Division are as follows: (1) Any amount charged against the Investment Division by AXA Equitable during such Valuation Period to cover certain expenses incurred in the operation of the Separate Account and the Investment Divisions, including, but not limited to, taxes, interest, Securities and Exchange Commission charges and certain related expenses including printing of registration statements and amendments, outside auditing and legal expenses and certain costs of maintaining Annuitant services, including recordkeeping services. (2) The daily charge against the Investment Division for each day in such Valuation Period for administrative services, calculated on the basis of an effective annual rate of 0.25% of the value of the assets in the Investment Division. If the aggregate expenses of an Investment Division for a calendar year (including the charges described in sub-paragraphs (1) and (2) of this definition and investment advisory fees of the Trust ("Investment Advisory Fee") and certain other expenses attributable to the assets of the Investment Division invested in a corresponding Fund of the Trust, but excluding interest, taxes, brokerage and, with the consent of appropriate state regulatory authorities, extraordinary expenses) exceed a charge determined on the basis of an effective annual rate of (i)1.0% of the value of the Money Market Division's average daily Net Assets in such Investment Division during such calendar year, or (ii) 1.5% of the value of the Stock Division, the Government Securities Division or the Balanced Division's average daily Net Assets in such Investment Division during such calendar year, then AXA Equitable shall reimburse such Investment Division for the excess charged to such Investment Division.

DEFINITIONS RELATING TO THE INVESTMENT DIVISIONS. EXPENSES: For a Valuation Period, the Expenses which may be charged to an Investment Division are as follows: (1) Any amount charged against the Investment Division by AXA Equitable during such Valuation Period to cover certain expenses incurred in the operation of the Separate Account and the Investment Divisions, including, but not limited to, taxes, interest, Securities and Exchange Commission charges and certain related expenses including printing of registration statements and amendments, outside auditing and legal expenses and certain costs of maintaining Annuitant services, including recordkeeping services. (2) The daily charge against the Investment Division for each day in such Valuation Period for administrative services, calculated on the basis of an effective annual rate of 0.25% of the value of the assets in the Investment Division. If the aggregate expenses of an Investment Division for a calendar year (including the charges described in sub-paragraphs (1) and (2) of this definition and investment advisory fees of the Trust ("Investment Advisory Fee") and certain other expenses attributable to the assets of the Investment Division invested in a corresponding Fund of the Trust, but excluding interest, taxes, brokerage and, with the consent of appropriate state regulatory authorities, extraordinary expenses) exceed a charge determined on the basis of an effective annual rate of (i)1.0% of the value of the Money Market Division's average daily Net Assets in such Investment Division during such calendar year, or (ii) 1.5% of the value of the Stock Division, the Government Securities Division or the Balanced Division's average daily Net Assets in such Investment Division during such calendar year, then AXA Equitable shall reimburse such Investment Division for the excess charged to such Investment Division.

DEFINITIONS RELATING TO THE INVESTMENT DIVISIONS. EXPENSES: For a Valuation Period, the Expenses which may be charged to an Investment Division are as follows: (1) Any amount charged against the Investment Division by AXA Equitable during such Valuation Period to cover certain expenses incurred in the operation of the Separate Account and the Investment Divisions, including, but not limited to, taxes, interest, Securities and Exchange Commission charges and certain related expenses including printing of registration statements and amendments, outside auditing and legal expenses and certain costs of maintaining Annuitant participant services, including recordkeeping services. (2) The daily charge against the Investment Division for each day in such Valuation Period for administrative servicesexpense charges, calculated on the basis of an effective annual rate of 0.25% of the value of the assets in the Investment Division. If the aggregate expenses of an Investment Division for a calendar year (including the charges described in sub-paragraphs (1) and (2) of this definition and investment advisory fees of the Trust ("Investment Advisory Fee") and certain other expenses attributable to the assets of the Investment Division invested in a corresponding Fund of the Trust, but excluding interest, taxes, brokerage and, with the consent of appropriate state regulatory authorities, extraordinary expenses) exceed a charge determined on the basis of an effective annual rate of (i)1.0% of the value of the Money Market Division's average daily Net Assets in such Investment Division during such calendar year, or (ii) 1.5% of the value of the Stock Division, the Government Securities Division or the Balanced Division's average daily Net Assets in such Investment Division during such calendar year, then AXA Equitable shall reimburse such Investment Division for the excess charged to such Investment Division.