Common use of ANNUITY ELECTIONS Clause in Contracts

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. A Participant may, upon notice to Prudential, elect to have his Participant's Account Accounts applied to purchase an annuity for him. The dollar value of the Account 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 or in an Account for him under a companion contract, his Account is Accounts hereunder are cancelled. If the Participant's Account has Accounts have 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. 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 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 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).