ANNUITY ELECTIONS. A Participant may, upon notice to Prudential, elect to have his Participant's Account applied to purchase an annuity for him. The dollar value of the Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in any of the Participant's Accounts or in an Account for him under a companion contract, his Account is cancelled. If the Participant's Account has not been cancelled before the end of the calendar year in which he reaches age 70 1/2, a 120 monthly Payment Certain annuity will be purchased for him at the end of that year (see section 4.4).
ANNUITY ELECTIONS. 400 4.2 Annuity - Single Sum Payment Combination . . . . 400 4.3 Small Annuities and Accounts . . . . . . . . . . 400 4.4 Terms of Payment of Annuities. . . . . . . . . . 400 4.5 Contract-Holder as Payee - Prudential as Agent . 410
ANNUITY ELECTIONS. A Participant may, upon notice to Prudential, elect to have his Participant's Account applied to purchase an annuity for him but only under the conditions permitted by the Plan, if any. The dollar value of the Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in the Participant's Account or in an Account for him under a companion contract, his Account is cancelled. If the Participant's Account has not been cancelled before the month in which he reaches the latest age at which he is permitted to defer his distribution under law, a 120 monthly Payment Certain annuity will be purchased for him at the beginning of that month (see section 4.4).
ANNUITY ELECTIONS. Prudential may be notified that a Participant has elected to have his Participant's Account applied to purchase an annuity for him pursuant to the Plan. The Withdrawal Value of the Account will be applied if the purchase is made during the first 36 months from the day an Account was established for him. The earlier of the days an Account was established for him under this contract or under a companion contract will be used in counting the 36 months. If the purchase is made after the 36 months, the dollar value of the Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in the Participant's Account or in an Account for him under a companion contract, his Account is cancelled.
ANNUITY ELECTIONS. A Participant may, upon notice to Prudential, elect to have his Participant's Account applied to purchase an annuity for him. The Withdrawal Value of the Account will be applied if the purchase is made during the first 36 months from the day an Account was established for him. The earliest of the days an Account was established for him under this contract, under a companion contract, or under a similar contract if section 3.5 applies will be used in counting the 36 months. If the purchase is made after the 36 months, the dollar value of the Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in the Participant's Account or in an Account for him under a companion contract, his Account is cancelled. If the Participant's Account has not been cancelled before the month in which he reaches age 75, a 120 monthly Payment Certain annuity will be purchased for him at the beginning of that month (see section 4.4).
ANNUITY ELECTIONS. A Participant may elect to receive a distribution of his Account under the contract in any of the following forms:
(a) a lump sum;
(b) an annuity form described in section 4.4;
(c) any other settlement method to which Prudential consents; or
(d) a combination of all or any two of (a), (b) and (c) above. Any portion of a Participant's Account which is paid to him as a lump sum will be subject to section 3.1 relating to withdrawal charges.
ANNUITY ELECTIONS. 400 4.2 Annuity - Single Sum Payment Combination 400 4.3 Small Annuities and Accounts . . . . . . 400 4.4 Terms of Payment of Annuities. . . . . . 400 4.5 Payees . . . . . . . . . . . . . . . . . 410 V. CHANGES 5.1 Changes by Prudential. . . . . . . . . . 500 5.2 Changes by Agreement . . . . . . . . . . 500 5.3 Changes to Conform to Law. . . . . . . . 500 5.4 Persons Empowered to Act for Prudential. 500
ANNUITY ELECTIONS. A Participant may, upon notice to Prudential and subject to written authorization from the Contract-Holder, elect to have the non-forfeitable part of his Participant's Account applied to purchase an annuity for him. The Withdrawal Value of the Account will be applied if the purchase is made during the first 36 months from the day an Account was established for him. The earliest of the days an Account was established for him under this contract, under a companion contract or under a similar contract if section 3.5 applies will be used in counting the 36 months. If the purchase is made after the 36 months, the dollar value of the non-forfeitable part of his Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in the Participant's Account or in an Account for him under a companion contract, his Account is cancelled. If the Participant's Account has not been cancelled before the month in which he reaches age 75, a 120 monthly Payment Certain annuity will be purchased for him at the beginning of that month (see section 4.4).
ANNUITY ELECTIONS. A Participant may, upon notice to Prudential, elect to have his Participant's Accounts applied to purchase an annuity for him but only under the conditions permitted by the Plan, if any. The dollar value of the Accounts will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of any annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in any of the Participant's Accounts under this contract or in an Account for him under a companion contract, his Accounts hereunder are cancelled. If the Participant's Accounts have not been cancelled before the month in which he reaches the latest age at which he is permitted to defer his distribution under law, a 120 monthly Payment Certain annuity will be purchased for him at the beginning of that month (see section 4.4).
ANNUITY ELECTIONS. 400 4.2 Annuity - Single Sum Payment Combination . . . . .
