Common use of DEATH PAYMENTS Clause in Contracts

DEATH PAYMENTS. If a Participant dies before his Participant's Account has been cancelled, the dollar value will be paid to his Beneficiary (see section 7.6). The payment will be made in one sum unless the Participant has directed Prudential to purchase an annuity for the Beneficiary. Instead of a one sum payment, the Beneficiary may elect to have the dollar value of the Participant's Account applied to purchase an annuity. A one sum payment will be made on the fifth anniversary of the Participant's death if no other election has been made by then. However, proof of the Participant's death must be received by Prudential before any payment will be made. GVA-1000 Serial 300 3.1-3.2 5/87 The annuity form may be any of those described in section 4.4. If annuity payments are to start at a future date, the Participant's Account will be maintained for the Beneficiary in the same manner as for the Participant. The date for payments to start must be on or before the fifth anniversary of the Participant's death. No contributions may be made to the Account after the Participant's death. If a one sum payment is made to the Beneficiary within one year of the Participant's death, it will be at least equal to the contributions made for him under this contract less any withdrawals and transfers. As of the first day no amounts remain in the Participant's Account or in an Account for the Beneficiary under a companion contract, the Participant's Account is cancelled. Section 3.1 does not apply.

DEATH PAYMENTS. If a Participant dies before his Participant's Account Accounts has been cancelled, the dollar value will be paid to his Beneficiary (see section 7.6). The payment will be made in one sum unless the Participant has directed Prudential to purchase an annuity for the Beneficiary. Instead of a one sum payment, the Beneficiary may elect to have the dollar value of the Participant's Account applied to purchase an annuity. A one sum payment will be made on the fifth anniversary of the Participant's death if no other election has been made by then. However, proof of the Participant's death must be received by Prudential before any payment will be made. GVA-1000 GVA-1000-87(24) Serial 300 3.1-3.2 5/87 The annuity form may be any of those described in section 4.4. If annuity payments are to start at a future date, the Participant's Account will be maintained for the Beneficiary in the same manner as for the Participant. The date for payments to start must be on or before the fifth anniversary of the Participant's death. No contributions may be made to the Account after the Participant's death. If a one sum payment is made to the Beneficiary within one year of the Participant's death, it will be at least equal to the contributions made for him under this contract less any withdrawals and transfers. As of the first day no amounts remain in any of the Participant's Account Accounts hereunder or in an Account for the Beneficiary with respect to a Participant under a companion contract, the Participant's Account is Accounts are cancelled. Section 3.1 does not apply.

DEATH PAYMENTS. If a Participant dies before his Participant's Account has been cancelled, the dollar value will be paid to his Beneficiary (see section 7.6). The payment will be made in one sum unless the Participant has directed Prudential to purchase an annuity for the Beneficiary. Instead of a one sum payment, the Beneficiary may elect to have the dollar value of the Participant's Account applied to purchase an annuity. A one sum payment will be made on the fifth anniversary of the Participant's death if no other election has been made by then. However, proof of the Participant's death must be received by Prudential before any payment will be made. GVA-1000 Serial 300 3.1-3.2 5/87 The annuity form may be any of those described in section 4.4. If annuity payments are to start at a future date, the Participant's Account will be maintained for the Beneficiary in the same manner as for the Participant. The date for payments to start must be he on or before the fifth anniversary of the Participant's death. No contributions may be made to the Account after the Participant's death. If a one sum payment is made to the Beneficiary within one year of the Participant's death, it will be at least equal to the contributions made for him under this contract less any withdrawals and transfers. As of the first day no amounts remain in the Participant's Account or in an Account for the Beneficiary under a companion contract, the Participant's Account is cancelled. Section 3.1 does not apply.

DEATH PAYMENTS. If a Participant dies before his Participant's Account Accounts has been cancelled, the dollar value will be paid to his Beneficiary (see section 7.6). The payment will be made in one sum unless the Participant has directed Prudential to purchase an annuity for the Beneficiary. Instead of a one sum payment, the Beneficiary may elect to have the dollar value of the Participant's Account applied to purchase an annuity. A one sum payment will be made on the fifth anniversary of the Participant's death if no other election has been made by then. However, proof of the Participant's death must be received by Prudential before any payment will be made. GVA-1000 GVA-1000-87(24) Serial 300 3.1-3.2 5/87 3.l-3.2 The annuity form may be any of those described in section 4.4. If annuity payments are to start at a future date, the Participant's Account will be maintained for the Beneficiary in the same manner as for the Participant. The date for payments to start must be on or before the fifth anniversary of the Participant's death. No contributions may be made to the Account after the Participant's death. If a one sum payment is made to the Beneficiary within one year of the Participant's death, it will be at least equal to the contributions made for him under this contract less any withdrawals and transfers. As of the first day no amounts remain in any of the Participant's Account Accounts hereunder or in an Account for the Beneficiary with respect to a Participant under a companion contract, the Participant's Account is Accounts are cancelled. Section 3.1 does not apply.