Applicable Tax Charge definition

Applicable Tax Charge means a charge that we determine which is designed to approximate certain taxes that may be imposed on us, including, but not limited to, premium taxes which may apply in the Annuitant's state. No premium taxes apply to Washington Contracts.
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Applicable Tax Charge means a charge that we determine which is designed to approximate certain taxes that may be imposed on us, including but not limited to premium taxes which may apply in your state. We will deduct any such Applicable Tax Charge from amounts applied to an Annuity Benefit in accordance with Part VII. If the tax to which the Applicable Tax Charge relates is imposed on us at a time other than when amounts are applied to an Annuity Benefit, we reserve the right to deduct the Applicable Tax Charge from Contributions in Part III or withdrawals, and/or termination payments in Part V.
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Applicable Tax Charge means a charge that we determine which is designed to approximate certain taxes that may be imposed on us. We will deduct any such Applicable Tax Charge from amounts applied to an Annuity Benefit in accordance with Section 3.04. If the tax to which the Charge relates is imposed on us at a time other than when amounts are applied to an Annuity Benefit, we reserve the right to deduct the Charge from Contributions, Partial Withdrawals or Terminations, as applicable in Part II.
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Examples of Applicable Tax Charge in a sentence

  • If an amount is applied to provide an Annuity Benefit, the amount to be applied will, in addition to any reduction for an Applicable Tax Charge, be reduced by an administrative charge.

  • Each Contribution received by us on the Annuitant's behalf will, before its allocation under this Contract, be reduced by the amount of any Applicable Tax Charge, as determined by us.

  • Such minimum death benefit is the sum of all Contributions made by you pursuant to Section 2.01 (before reduction for any Applicable Tax Charge) less any withdrawals made pursuant to Section 2.07.

  • Each Contribution made pursuant to Section 2.01 is allocated (after deduction for any Applicable Tax Charge) to one or more Investment Options.

  • If this Contract is terminated, surrendered or exchanged prior to the Annuitant's Retirement Date, we reserve the right to deduct an Applicable Tax Charge.

  • The amount applied to provide an Annuity Benefit may be reduced by any Applicable Tax Charge, as we determine.