TRANSFER RULES. (Contract Section 4.02) The provisions of Section 4.02 of the Contract shall govern except that the maximum percentage of the amount in the Guaranteed Interest Option, which may be transferred, as described in Section 4.02 of the Contract, is the greater of 25% or the total amount transferred during the previous twelve months. Restrictions on Transfers into the Guaranteed Interest Option: Transfers into the Guaranteed Interest Option will not be permitted if it would result in more than 25% of the Annuity Account Value to be in the Guaranteed Interest Option. We may suspend these transfer restrictions upon notice to Participants. We will advise Participants of any such liberalization. We will also advise Participants at least 45 days in advance of the day we intend to reimpose any such restrictions, unless we have previously specified that date when we notified Participants of the liberalization.
Appears in 3 contracts
Sources: Application for Equi Vest Strategies Contract (Separate Account a of Axa Equitable Life Insurance Co), Application for Equi Vest Strategies Contract (Separate Account a of Axa Equitable Life Insurance Co), Application for Equi Vest Strategies Contract (Separate Account a of Axa Equitable Life Insurance Co)