Common use of FOREIGN TAX CREDITS Clause in Contracts

FOREIGN TAX CREDITS. AVIF (IVIF) agrees to consult in advance with LIFE COMPANY concerning any decision to elect or not to elect pursuant to Section 853 of the Code to pass through the benefit of any foreign tax credits to its shareholders.

Appears in 24 contracts

Samples: Participation Agreement (PLICO Variable Annuity Account S), Participation Agreement (PLAIC Variable Annuity Account S), Participation Agreement (Mutual of America Separate Account No 2)

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FOREIGN TAX CREDITS. AVIF (IVIF) agrees to consult in advance with LIFE COMPANY concerning any decision to elect or not to elect pursuant to Section 853 of the Code to pass through the benefit of any foreign tax credits to its shareholders. Section 12.

Appears in 2 contracts

Samples: Participation Agreement (Fidelity Investments Variable Annuity Account I), Participation Agreement (Empire Fidelity Investments Variable Annuity Account A)

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