Common use of PARTICIPANT'S ACCOUNT Clause in Contracts

PARTICIPANT'S ACCOUNT. Prudential will establish a "Participant's Account" for each person for whom a contribution is paid under this contract. This Account is expressed in Units of the separate investment account described in section 2.1. A number of Units will be added to the Participant's Account on each day a contribution is received by Prudential for the Participant. This number is determined by dividing the dollar amount of the contribution by the Unit Value for the day the contribution is received (see section 2.2 for a description of the Unit Value). A number of Units will be subtracted from the Participant's Account on each day on which a withdrawal is made from his Account. This number is equal to the number requested for withdrawal or, if applicable, the number determined by dividing the dollar amount to be withdrawn by the Unit Value for the day of withdrawal. A Participant's Account is the sum of the Units added to it, less the sum of the Units subtracted from it. The dollar value of a Participant's Account as of any day is the product of the number of Units in his Account at the close of business on that day and the Unit Value for that day. A Participant has a non-forfeitable interest in his Account. The Account is subject to charges described later.

Appears in 2 contracts

Samples: Prudential Variable Contract Account 10, Prudential Variable Contract Account 11

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PARTICIPANT'S ACCOUNT. Prudential will establish a "Participant's Account" for each person for whom a contribution is paid under this contract. This Account is expressed in Units of the separate investment account described in section 2.1. A number of Units will be added to the Participant's Account on each day a contribution is received by Prudential for the Participant. This number is determined by dividing the dollar amount of the contribution by the Unit Value for the day the contribution is received (see section 2.2 for a description of the Unit Value). A number of Units will be subtracted from the Participant's Account on each day on which a withdrawal is made from his Account. This number is equal to the number GVA-120-87 (10/11) Serial 100 1.1-1.2 requested for withdrawal or, if applicable, the number determined by dividing the dollar amount to be withdrawn by the Unit Value for the day of withdrawal. A Participant's Account is the sum of the Units added to it, less the sum of the Units subtracted from it. The dollar value of a Participant's Account as of any day is the product of the number of Units in his Account at the close of business on that day and the Unit Value for that day. A Participant has a non-forfeitable interest in his Account. The Account is subject to charges described later.

Appears in 2 contracts

Samples: Prudential Variable Contract Account 11, Prudential Variable Contract Account 10

PARTICIPANT'S ACCOUNT. Prudential will establish a "Participant's Account" for each person for whom a contribution is paid under this contract. This Account is expressed in Units of the separate investment account described in section 2.1. A number of Units will be added to the Participant's Account on each day a contribution is received by Prudential for the Participant. This number is determined by dividing the dollar amount of the contribution by the Unit Value for the day the contribution is received (see section 2.2 for a description of the Unit Value). A number of Units will be subtracted from the Participant's Account on each day on which a withdrawal is made from his Account. This number is equal to the number requested for withdrawal or, if applicable, the number determined by dividing the dollar amount to be withdrawn by the Unit Value for the day of withdrawal. GVA-110-82 Serial 100 1.1-1.2 A Participant's Account is the sum of the Units added to it, less the sum of the Units subtracted from it. The dollar value of a Participant's Account as of any day is the product of the number of Units in his Account at the close of business on that day and the Unit Value for that day. A Participant has a non-forfeitable interest in his Account. The Account is subject to charges described later.

Appears in 2 contracts

Samples: Prudential Variable Contract Account 10, Prudential Variable Contract Account 11

PARTICIPANT'S ACCOUNT. Prudential will establish a "Participant's Account" for each person for whom a contribution is paid under this contract. This Account is expressed in Units of the separate investment account described in section 2.1. A number of Units will be added to the Participant's Account on each day a contribution is received by Prudential for the Participant. This number is determined by dividing the dollar amount of the contribution by the Unit Value for the day the contribution is received (see section 2.2 for a description of the Unit Value). A number of Units will be subtracted from the Participant's Account on each day on which a withdrawal is made from his Account. This number is equal to the number requested for GVA-120-87 (10/11) Serial 100 1.1-1.2 withdrawal or, if applicable, the number determined by dividing the dollar amount to be withdrawn by the Unit Value for the day of withdrawal. A Participant's Account is the sum of the Units added to it, less the sum of the Units subtracted from it. The dollar value of a Participant's Account as of any day is the product of the number of Units in his Account at the close of business on that day and the Unit Value for that day. A Participant has a non-forfeitable interest in his Account. The Account is subject to charges described later.

Appears in 2 contracts

Samples: Prudential Variable Contract Account 11, Prudential Variable Contract Account 10

PARTICIPANT'S ACCOUNT. Prudential will establish a "Participant's Account" for each person for whom a contribution is paid under this contract. This Account is expressed in Units of the separate investment account described in section 2.1. A number of Units will be added to the Participant's Account on each day a contribution is received by Prudential for the Participant. This number is determined by dividing the dollar amount of the contribution by the Unit Value for the day the contribution is received (see section 2.2 for a description of the Unit Value). A number of Units will be subtracted from the Participant's Account on each day on which a withdrawal is made from his Account. This number is equal to the number requested for withdrawal or, if applicable, the number determined by dividing the dollar amount to be withdrawn by the Unit Value for the day of withdrawal. withdrawal A Participant's Account is the sum of the Units added to it, less the sum of the Units subtracted from it. The dollar value of a Participant's Account as of any day is the product of the number of Units in his Account at the close of business on that day and the Unit Value for that day. A Participant has a non-forfeitable interest in his Account. The Account is subject to charges described later.

Appears in 2 contracts

Samples: Prudential Variable Contract Account 10, Prudential Variable Contract Account 11

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PARTICIPANT'S ACCOUNT. Contributions paid under this contract for a Participant may be invested in any one or more of the Subaccounts described in section 2.4. as directed by the Participant. Prudential will establish a separate "Participant's Account" for with respect to each person for whom Subaccount in which contributions are invested on behalf of a contribution is paid under this contractParticipant. This Each Account is expressed in Units of the separate investment account described in section 2.1applicable Subaccount. A The number of Units will be added to the a Participant's Account on each day as a result of adding a contribution is received by Prudential for the Participant. This number to a Subaccount is determined by dividing the dollar amount of the contribution by the appropriate Unit Value for the day the contribution is received added. (see See section 2.2 2.3 for a description of the each Unit Value). .) A number of Units will be subtracted from the a GVA-120-87 (24) Serial 100 1.1-1.2 Participant's Account on each day on which a withdrawal is made from his the Account. This The number of Units is equal to the number requested for withdrawal or, if applicable, the number determined by dividing the dollar amount to be withdrawn by the appropriate Unit Value for the day of withdrawal. A Participant's Each Account maintained for a Participant is the sum of the Units added to it, less the sum of the Units subtracted from it. The dollar value of a Participant's each Account as of any day is the product of the number of Units in his the Account at the close of business on that day and the appropriate Unit Value for that day. A Participant has a non-forfeitable interest in his Accountany Account established for him. The Account is All Accounts are subject to charges described later.

Appears in 2 contracts

Samples: Prudential Variable Contract Account 24, Prudential Variable Contract Account 24

PARTICIPANT'S ACCOUNT. Prudential will establish a "Participant's Account" for each person for whom a contribution is paid under this contract. This Account is expressed in Units of the separate investment account described in section 2.1. A number of Units will be added to the Participant's Account on each day a contribution is received by Prudential for the Participant. This number is determined by dividing the dollar amount of the contribution by the Unit Value for the day the contribution is received (see section 2.2 for a description of the Unit Value). A number of Units will be subtracted from the Participant's Account on each day on which a withdrawal is made from his Account. This number is equal to the number requested for withdrawal or, if applicable, the number determined by dividing the dollar amount to be withdrawn by the Unit Value for the day of withdrawal. A Participant's Account is the sum of the Units added to it, less the sum of the Units subtracted from it. The dollar value of a Participant's Account as of any day is the product of the number of Units in his Account at the close of business on that day and the Unit Value for that day. A Participant has a non-forfeitable interest in the Salary Contributions in his Account. A Participant has a non-forfeitable interest in the Employer Contributions in his Account as of the start of the second consecutive year of participation in the Program. The Account is subject to charges described later.. GVA-7454 Serial 100 1.1-1.2

Appears in 2 contracts

Samples: Prudential Variable Contract Account 11, Prudential Variable Contract Account 10

PARTICIPANT'S ACCOUNT. Prudential will establish a "Participant's Account" for each person for whom a contribution is paid under this contract. (The term "Participant's Account" is not meant to confer on the Participant any rights to his Account except as specifically provided in the Plan.) This Account is expressed in Units of the separate investment account described in section 2.1. A number of Units will be added to the Participant's Account on each day a contribution is received by Prudential for the Participant. This number is determined by dividing the dollar amount of the contribution by the Unit Value for the day the contribution is received (see section 2.2 for a description of the Unit Value). A number of Units will be subtracted from the Participant's Account on each day on which a withdrawal is made from his Account. This number is equal to the number requested for withdrawal or, if applicable, the number determined by dividing the dollar amount to be withdrawn by the Unit Value for the day of withdrawal. A Participant's Account is the sum of the Units added to it, less the sum of the Units subtracted from it. The dollar value of a Participant's Account as of any day is the product of the number of Units in his Account at the close of business on that day and the Unit Value for that day. A Participant has a non-forfeitable interest in his Account. The Account is subject to charges described later.

Appears in 2 contracts

Samples: Prudential Variable Contract Account 10, Prudential Variable Contract Account 11

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