GUARANTEED INTEREST DIVISION. Any amount allocated to the Guaranteed Interest Division becomes part of our general assets, which support the guarantees of this Contract and other contracts. The amount in the Guaranteed Interest Division at any time is equal to the sum of all amounts that have been allocated to the Guaranteed Interest Division pursuant to Section 2.04 plus the amount of any interest accrued but not allocated, less the sum of all amounts, that have been withdrawn from the Guaranteed Interest Division pursuant to Sections 2.07, 208 or 2.10 or transferred from the Guaranteed Interest Division, pursuant to Section 2.05. Interest is allocated to the Guaranteed Interest Division on a Transaction Date, pursuant to Section 2.04. We will credit the amount you have in the Guaranteed Interest Division with interest at effective annual rates that we determine. For each Class of Contracts, we determine a yearly guaranteed interest rate that will remain in effect throughout the next year. We guarantee that this yearly guaranteed interest rate will never be less than 3%. Participation in the Guaranteed Interest Division under this Contract terminates on the earliest of (i) your election and commencement of annuity benefits pursuant to Section 3.03, (ii) receipt of due proof of your death or (iii) Termination of this Contract pursuant to Section 2.06.
GUARANTEED INTEREST DIVISION. An investment option available in the General Account, an account which contains all of our assets other than those held in our Variable Separate Accounts.
GUARANTEED INTEREST DIVISION. The Guaranteed Interest Division is another division to which you may allocate premiums or make transfers. The account value of the Guaranteed Interest Division is equal to amounts allocated to this division plus any earned interest minus deductions taken from this division. Interest is credited at the guaranteed rate shown in the schedule or may be credited at a higher rate. Any higher rate is guaranteed to be in effect for at least a 12-month period.
GUARANTEED INTEREST DIVISION. Any amount allocated to the Guaranteed Interest Division becomes part of the general assets of Equitable, which support the guarantees of this Contract and other contracts. The amount with respect to a Participant in the Guaranteed Interest Division at any time is equal to (a) the sum of all amounts that have been allocated to the Guaranteed Interest Division with respect to that Participant, minus (b) the sum of all amounts that have been withdrawn, deducted, or transferred from the Guaranteed Interest Division with respect to that Participant. Interest, on the basis of the applicable Guaranteed Interest Rate, is allocated to the Guaranteed Interest Division daily and is credited for each day on the amount in the Guaranteed Interest Division at the beginning of that day.
GUARANTEED INTEREST DIVISION. An investment option available in the General Account, an account which contains all of our assets other than those held in our Separate Accounts. GUARANTEED MINIMUM INTEREST RATE - The minimum interest rate which can be declared by us for Fixed Allocations or allocations to a Guaranteed Interest Division. INDEX OF INVESTMENT EXPERIENCE - The index that measures the performance of a Variable Separate Account Division. INITIAL PREMIUM - The payment amount required to put each Contract in effect. ISSUE AGE - The Annuitant's or Owner's age on the last birthday on or before the Contract Date. MARKET VALUE ADJUSTMENT - A positive or negative adjustment to a Fixed Allocation. It may apply if all or part of a Fixed Allocation is withdrawn, transferred, or applied to an Annuity Option prior to the end of the Guarantee Period. MATURITY DATE - The date on which a Guarantee Period matures.
GUARANTEED INTEREST DIVISION. A Division of the General Account which we may, from time to time, make available for allocations of Premium Payments or Accumulation Value which we credit with fixed rates of interest for specific Guarantee Periods. GUARANTEED INTEREST RATE - The effective annual interest rate which we will credit for a specified Guarantee Period. GUARANTEED MINIMUM INTEREST RATE - The minimum interest rate which can be declared by us for allocations to a Guaranteed Interest Division. The Guaranteed Minimum Interest Rate is shown in the Schedule. ISSUE AGE - Your age, or that of the Annuitant, on the last birthday on or before the Contract Date. MARKET VALUE ADJUSTMENT - A positive or negative adjustment to a Fixed Allocation. It may apply if all or part of a Fixed Allocation is withdrawn, transferred, or applied to an Income Plan prior to the end of the Guarantee Period. MATURITY DATE - The date on which a Guarantee Period matures. The Maturity Date of a Guarantee Period will be on the last day of the calendar month in which the Guarantee Period ends.
GUARANTEED INTEREST DIVISION. A division of the General Account which we make available for allocations of premium payments or Accumulation Value which we credit with fixed rates of interest for specific Guarantee Periods. Guaranteed Interest Rate - The effective annual interest rate which we will credit for a specified Guarantee Period. Guaranteed Minimum Interest Rate - The minimum interest rate which can be declared by us for allocations to a Guaranteed Interest Division. The Guaranteed Minimum Interest Rate is shown in the Schedule. Initial Premium – The payment you make to put this Contract into effect Issue Age - Your age, or that of the Annuitant, on the last birthday on or before the Contract Date. Maturity Date - The date on which a Guarantee Period matures. The Maturity Date of a Guarantee Period will be on the last day of the calendar month in which the Guarantee Period ends. Owner - The person who owns this Contract and is entitled to exercise all rights of the Contract. This person’s death also initiates payment of the Death Benefit. “You” and “Your” refer to the Owner. Schedule Date - The date on which the Benefit Option Package takes effect. On the Contract Issue Date, the Schedule Date is the same as the Contract Date. Thereafter, if you elect to replace the then current Benefit Option Package with another available Benefit Option Package, the Schedule Date will be the effective date of the change. Specially Designated Division - The Division shown in the Schedule to which distributions from an investment portfolio underlying a Variable Separate Account Division in which reinvestment is not available will be allocated, unless you specify otherwise. Valuation Date - The day at the end of a Valuation Period when each Division is valued. Valuation Period - Each Business Day together with any non-Business Days before it. Variable Separate Account Division - An investment option available in the Variable Separate Account. RLNY-IA-1102 5
GUARANTEED INTEREST DIVISION. Any amount allocated or transferred to the Guaranteed Interest Division becomes part of the general assets of Equitable, which support the guarantees of this Contract and other contracts. The amount with respect to a Participant in the Guaranteed Interest Division at any time is equal to (a) the sum of all amounts that have been allocated or transferred to the Guaranteed Interest Division with respect to that Participant, minus (b) the sum of all amounts that have been withdrawn, deducted, or transferred from the Guaranteed Interest Division with respect to that Participant. Interest, on the basis of the applicable Guaranteed Interest Rate, accrues with respect to the Guaranteed Interest Division daily. The guaranteed Interest Division is maintained under this Contract for the Employer Plan subject to the following conditions:
(a) With respect to the investment option of the Employer Plan that is funded under the Guaranteed Interest Division, to the extent that the Employer Plan provides that allocations to, and transfers to and from, such option are to be made solely at the discretion of the individuals covered by the Employer Plan, such allocations and transfers shall be made without any direction or influence from the Employer or Employer Plan Trustee. Equitable is to be given at least 60 days advance written notice by the Employer or Employer Plan Trustee of any noncompliance with this condition; and
(b) The Employer or Employer Plan Trustee is to provide Equitable with any amendment to the Employer Plan or its investment policy, any communication by the Employer or Employer Plan Trustee to the individuals covered by the Employer Plan concerning the Guaranteed Interest Division or the investment option of the Employer Plan to which it relates, or any change in the manner in which the Employer Plan is administered with respect thereto. Any such document is to be provided to Equitable at least 60 days before its effective date and the Employer or Employer Plan Trustee will not use such document or make such change if Equitable objects in a written notice to the Employer or Employer Plan Trustee before such effective date. Equitable may also request, and the Employer or Employer Plan Trustee shall thereupon provided, any other information that Equitable reasonably determines would bear upon the flow of funds to and from the Guaranteed Interest Division. If any of the foregoing conditions are not complied with, if the Employer or Employer Plan Trustee fail...
GUARANTEED INTEREST DIVISION. 13 Form 1192(VA) - NY Page 2 TRANSFER PROVISIONS.......................................... 14
GUARANTEED INTEREST DIVISION. The Guaranteed Interest Division is another Division to which you may allocate Purchase Payments or make transfers. The Accumulation Value of the Guaranteed Interest Division is equal to the Net Purchase Payments allocated to this Division plus any earned interest minus deductions taken from this Division. Interest is credited at the guaranteed rate shown in the schedule or may be credited at a higher rate. Any higher rate is guaranteed to be in effect for at least 12-months. TRANSFER PROVISIONS After the Contract Examination Period, the Accumulation Value in each Division may be transferred, upon request, to any other Division subject to the limitations on transfers involving the Guaranteed Interest Division as detailed in the following section. Any transfers made due to the operation of Dollar Cost Averaging or Automatic Rebalancing will not count toward the limit on the number of transfers allowed free of charge. The minimum amount that may be transferred from each Division is the lesser of $100 or the balance of a Division. --------------------------------------------- Accumulation Period Annuity Period -------------------------------------------------------------------------------- Free Transfers 12 4 -------------------------------------------------------------------------------- Total Number of Transfers Permitted Unlimited 4 -------------------------------------------------------------------------------- Excess Transfer Charge $25 for each transfer in Not Applicable excess of 12 during any Contract Year -------------------------------------------------------------------------------- We reserve the right to limit the number of transfers per Contract Year to 12 and to limit excessive trading activity.
