Common use of REPORT FOR ANNUITY BENEFIT Clause in Contracts

REPORT FOR ANNUITY BENEFIT. The Employer or the Employer Plan Trustee will report to Equitable each Participant or other person with respect to whom an Annuity Benefit is to be provided under this Contract if the amount to be applied to provide such Annuity Benefit is at least $3,500. Any such report is to be made before the first payment under such Annuity Benefit. Any such report will be in the form prescribed by Equitable and will include all pertinent facts and determinations requested by Equitable. Equitable will be fully protected in relying on the reports and other information furnished by the Employer or Employer Plan Trustee, and need not inquire as to the accuracy or completeness thereof.

REPORT FOR ANNUITY BENEFIT. The Employer Participant or the Employer Plan Trustee on behalf of the Participant will report to Equitable each Participant or other person with respect to whom when an Annuity Benefit is to be provided under this Contract if Contract. Equitable reserves the right to require that the amount to be applied to provide such Annuity Benefit is be at least $3,500[5,000]. Any such report is to be made before the first payment under such Annuity Benefit. Any such report will be in the form prescribed by Equitable and will include all pertinent facts and determinations requested by Equitable. Equitable will be fully protected in relying on the reports and other information furnished by the Employer Employer, Participant or Employer Plan Trustee, other authorized person and need not inquire as to the accuracy or completeness thereof.