Common use of ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS Clause in Contracts

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's Retirement Date, provided the Annuitant is then living, the Annuitant's Annuity Value shall be applied to provide an Annuity Benefit on the Normal Form, unless the Annuitant elects as of such Retirement Date to (i) terminate the Contract and receive the Cash Value of the Annuitant's Accounts as a single sum pursuant to Section 3.10, (ii) have payments made under the periodic distribution option described in Section 4.04, (iii) have another form of Annuity Benefit provided pursuant to Section 4.03 or, (iv) subject to AXA Equitable's rules then in effect, any other annuity form or combination of forms or withdrawal option offered by AXA Equitable or have any combination of the three preceding options.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the AnnuitantParticipant's Retirement Date, provided the Annuitant Participant is then living, the AnnuitantParticipant's Annuity Value shall be applied to provide an Annuity Benefit on the Normal Form, unless the Annuitant Participant elects as of such Retirement Date to (i) terminate participation under the Contract and receive the Cash Value of the AnnuitantParticipant's Accounts as a single sum pursuant to Section 3.10, (ii) have payments made under the periodic distribution option described in Section 4.04, (iii) have another form of Annuity Benefit provided pursuant to Section 4.03 or, (iv) subject to AXA Equitable's rules then in effect, any other annuity form or combination of forms or withdrawal option offered by AXA Equitable or have any combination of the three preceding options.

ELECTION AND COMMENCEMENT OF ANNUITY BENEFITS. As of the Annuitant's Retirement Date, provided the Annuitant is then living, the Annuitant's Annuity Value shall be applied to provide an Annuity Benefit on the Normal Form, unless the Annuitant elects as of such Retirement Date to (i) terminate the Contract and receive the Cash Value of the Annuitant's Accounts as a single sum pursuant to Section 3.10, (ii) have payments made under the periodic distribution option described in Section 4.04, (iii) have another form of Annuity Benefit provided pursuant to Section 4.03 or, (iv) subject to AXA Equitable's rules then in effect, any other annuity form or combination of forms or withdrawal option offered by AXA Equitable or have any combination of the three preceding options.