Tax Rules. The following special allocations shall be made in the following order:
Tax Rules. If the Owner dies before the Retirement Date we must pay any benefit due to a non-spousal Beneficiary: a) in a lump sum within five years of death or b) starting within a year of death, in annuity payments payable for such Beneficiary's life expectancy or less. We further reserve the right to, and we shall, administer all Contracts which are Non-Qualified or "Qualified" contracts under applicable sections of the Internal Revenue Code of 1986, as amended, in accordance with all applicable laws and regulations in effect from time to time (all of which are hereby fully incorporated herein by reference and shall govern over any other provisions of the Contract to the contrary), or as otherwise required in our reasonable judgment to maintain such Non-Qualified or Qualified status or treatment, subject to all applicable legal and regulatory approvals. ANNUITY BENEFIT: If the Annuitant lives to the Retirement Date, we guarantee monthly annuity payments for the Annuitant's lifetime with a minimum of 10 years' payments ("Payments Certain") at the annuity purchase rate stated in the annuity option table. The amount of each payment is based on your last Account Value, subject to Charges LESS any applicable premium taxes and all other Contract terms, with 3% interest under the 2000 Individual Annuity Mortality Table. We may offer more favorable rates and other Annuity Benefits. OTHER TERMS MAXIMUM CHARGES: Charges will never exceed any legal limits in the state where the Contract is delivered. Asset-based Charges will never apply to Fixed Accounts. RIGHTS RESERVED: Subject to required approvals by federal and state authorities and to all Company administrative rules or published procedures which are lawful, nondiscriminatory and consistent with this Contract, we reserve the right to: require reasonable documentation or Company-approved forms prior to administering any transaction or benefit; waive or reduce restrictions or Charges, including fees of underlying funds; increase benefits; defer the payment of withdrawals from Fixed Accounts for up to six months; deduct (as an additional Charge) any premium tax or other tax assessed on us for the Contract; add, substitute, combine, delete, deregister or operate (as a management investment company or in any other lawful form) any Account; refuse any Premium; declare (or change) prospectively any rules regarding maximum or minimum Contributions, Account Value balances, Annuity Benefit amounts, allocations, transfers, other ...
Tax Rules. No transfer, assignment or encumbrance of Partnership Inter ests shall be made if such transfer or other event would, in the opinion of counsel for the Partnership, result in the Partnership being considered to have been terminated under the provisions of the Code. In addition, the General Partner has the right to refuse to recog nize any transfer of Partnership Interests in a secondary market or substantial equivalent thereof.
Tax Rules. The Client acknowledges and agrees that the Services will be completed based on the applicable statutes, treaties, regulations and Canadian judicial and administrative interpretation in effect as of the date of the completion and approval of Services including any proposal to amend applicable statutes, treaties or regulations prior to such date (the "Tax Rules"). Subsequent changes in the Tax Rules may render the Services invalid or incorrect. The Client acknowledges and agrees that the Company has no obligation to advise the Client of any change in the Tax Rules or the impact thereof on the Services. Any advice contained in the Services will reflect the judgment of the Company but, the Client acknowledges and agrees that the judgment of the Company is not binding on any taxation authority or court and that the results of the Services may be audited by Canadian or any other taxation authorities who may not agree with the Company’s judgment.
