Common use of Forfeiture Account Clause in Contracts

Forfeiture Account. The Forfeiture Account is an unallocated account maintained by AXA Equitable under this Contract in order to hold amounts arising from reductions in Annuity Account Values pursuant to subsection (a) above. Such account will be maintained in either (a) the Money Market Guarantee or (b) a Qualified Default Investment Alternative.

Forfeiture Account. The Forfeiture Account is an unallocated account maintained by AXA Equitable under this Contract in order to hold amounts arising from reductions in Annuity Account Values pursuant to subsection (a) above. Such account will be maintained in either (a) the Money Market Guarantee Guaranteed Interest Option, or (b) a Qualified Default Investment Alternative.

Forfeiture Account. The Forfeiture Account is an unallocated account maintained by AXA Equitable under this Contract in order to hold amounts arising from reductions in Annuity Account Values pursuant to subsection (a) above. Such account will be maintained in either either: (a) the Guaranteed Interest Option, (b) the Money Market Guarantee Account, or (bc) a Qualified Default Investment Alternative.

Forfeiture Account. The Forfeiture Account is an unallocated account maintained by AXA Equitable under this Contract in order to hold amounts arising from reductions in Annuity Account Values pursuant to subsection (a) above. Such account will be maintained in either (a) the Money Market Guarantee Account or (b) a Qualified Default in any Investment AlternativeOption designated by Equitable by notice to the Employer or Participant.