Common use of PARTICIPANT'S WITHDRAWAL Clause in Contracts

PARTICIPANT'S WITHDRAWAL. A Participant may make withdrawals from his Participant's Account subject to any conditions specified in the Plan, if any. However, withdrawals attributable to (i) Salary-Annuity Agreement contributions made on or after January 1, 1989 and (ii) income credited on or after January l, 1989 to any Salary-Annuity Agreement contributions, may not be made prior to the Participant's attainment of age 59 1/2, except upon the occurrence of one of the following events: . separation from service with the employer sponsoring the Plan or Salary-Annuity Agreement arrangement under the contract; . Disability Retirement, in accordance with Code Section 72(m)(7) or in accordance with the terms of the Plan, if any; or . Financial Hardship, in accordance with the terms of the Plan, if any or on a basis mutually agreed upon between the Contract-Holder and Prudential which will be uniformly applicable to all Participants similarly situated. Prudential may require proof, in a form satisfactory to it, that one of the preceding events has occurred before honoring any request for a withdrawal described in the preceding paragraph. Withdrawals attributable to Salary-Annuity Agreement contributions made on or before December 31, 1988 and any income credited to such contributions as of December 31, 1988, will not be subject to the provisions of the preceding two paragraphs. Income attributable to Salary-Annuity Agreement contributions made on and after January 1, 1989 may not be withdrawn in the case of Financial Hardship. The minimum withdrawal is $500, or the dollar value of the Participant's Account if smaller. Payment to the Participant will normally be made within seven days of Prudential's receipt of a duly completed request for it. However, it may be paid at a later date if permitted under the Investment Company Act of 1940. The amount paid to the Participant will be the dollar value of the amount withdrawn less the withdrawal charge determined from the following table and the Annual Account Charge if it applies. The amount payable is also referred to as the "Withdrawal Value." GVA-120-87 (10/11) (as modified by Group Annuity Amendment Form GAA-7764) Serial 300 3.1 TABLE Withdrawals made in the months indicated, counting from the day the Participant's Account was Withdrawal Charge per $1.00 established* being withdrawn.** --------------------------------- --------------------------- First 24 months $0.07 Next 36 months 0.06 Next 60 months 0.04 Next 60 months 0.03 Thereafter 0.00 *Or, if earlier, the day an Account was established for him under a companion contract (or under a similar contract if section 3.5 applies) **No charge is made after the amount withdrawn equals the contributions made for the Participant. In addition, no charge is made if the withdrawal is made for reasons of Financial Hardship or Disability Retirement. As of the first day no amounts remain in a Participant's Account or in an Account for him under a companion contract, his Account is cancelled. This section may be changed as provided in section 5.1.

PARTICIPANT'S WITHDRAWAL. A Participant may make withdrawals from his Participant's Account Accounts subject to any conditions specified in the Plan, if any. However, withdrawals attributable to (i) Salary-Annuity Agreement contributions made on or after January 1, 1989 and (ii) income credited on or after January l1, 1989 to any Salary-Annuity Agreement contributions, may not be made prior to the Participant's attainment of age 59 1/2, except upon the occurrence of one of the following events: . - separation from service with the employer sponsoring the Plan or Salary-Annuity Agreement arrangement under the contract; . - Disability Retirement, in accordance with Code Section 72(m)(7) or in accordance with the terms of the Plan, if any; or . - Financial Hardship, in accordance with the terms of the Plan, if any any, or on a basis mutually agreed upon between the Contract-Holder and Prudential which will be uniformly applicable to all Participants similarly situated. Prudential may require proof, in a form satisfactory to it, that one of the preceding events has occurred before honoring any request for a withdrawal described in the preceding paragraph. Withdrawals attributable to Salary-Annuity Agreement contributions made on or before December 31, 1988 and any income credited to such contributions as of December 31, 1988, will not be subject to the provisions of the preceding two paragraphs. Income attributable to Salary-Annuity Agreement contributions made on and after January 1, 1989 may not be withdrawn in the case of Financial Hardship. The minimum withdrawal is $500, or the dollar value of the Participant's Account if smaller. Payment to the Participant will normally be made within seven days of Prudential's receipt of a duly completed request for it. However, it may be paid at a later date if permitted under the Investment Company Act of 1940. The amount paid to the Participant will be the dollar value of the amount withdrawn less the withdrawal charge determined from the following table and the Annual Account Charge if it applies. The amount payable is also referred to as the "Withdrawal Value." ". GVA-120-87 (10/1124) (as modified by Group Annuity Amendment Form GAA-7764) Serial 300 3.1 TABLE Withdrawals made in the months indicated, counting from the day the Participant's first Account was of a Withdrawal Charge per $1.00 establishedParticipant was established hereunder* being withdrawn.** --------------------------------- -------------------------------------- --------------------------- First 24 months $0.07 Next 36 months 0.06 Next 60 months 0.04 Next 60 months 0.03 Thereafter 0.00 *Or, if earlier, the day an Account was established for him under a companion contract (or under a similar contract if section 3.5 applies) ). **No charge is made after the amount withdrawn equals the contributions made for the Participant. In addition, no charge is made if the withdrawal is made for reasons of Financial Hardship or Disability Retirement. As of the first day no amounts remain in a any of the Participant's Account Accounts under this contract or in an Account for him under a companion contract, all of his Account is Accounts hereunder are cancelled. This section may be changed as provided in section 5.1.

PARTICIPANT'S WITHDRAWAL. A Participant may make withdrawals from his Participant's Account Accounts subject to any conditions specified in the Plan, if any. However, withdrawals attributable to (i) Salary-Annuity Agreement contributions made on or after January 1, 1989 and (ii) income credited on or after January l1, 1989 to any Salary-Annuity Agreement contributions, may not be made prior to the Participant's attainment of age 59 1/2, except upon the occurrence of one of the following events: . - separation from service with the employer sponsoring the Plan or Salary-Annuity Agreement arrangement under the contract; . - Disability Retirement, in accordance with Code Section 72(m)(7) or in accordance with the terms of the Plan, if any; or . - Financial Hardship, in accordance with the terms of the Plan, if any any, or on a basis mutually agreed upon between the Contract-Holder and Prudential which will be uniformly applicable to all Participants similarly situated. Prudential may require proof, in a form satisfactory to it, that one of the preceding events has occurred before honoring any request for a withdrawal described in the preceding paragraph. Withdrawals attributable to Salary-Annuity Agreement contributions made on or before December 31, 1988 and any income credited to such contributions as of December 31, 1988, will not be subject to the provisions of the preceding two paragraphs. Income attributable to Salary-Annuity Agreement contributions made on and after January 1, 1989 may not be withdrawn in the case of Financial Hardship. The minimum withdrawal is $500, or the dollar value of the Participant's Account if smaller. Payment to the Participant will normally be made within seven days of Prudential's receipt of a duly completed request for it. However, it may be paid at a later date if permitted under the Investment Company Act of 1940. The amount paid to the Participant will be the dollar value of the amount withdrawn less the withdrawal charge determined from the following table and the Annual Account Charge if it applies. The amount payable is also referred to as the "Withdrawal Value." ". GVA-120-87 (10/1124) (as modified by Group Annuity Amendment Form GAA-7764) Serial 300 3.1 TABLE Withdrawals made in the months indicated, counting from the day the Participant's first Account was of a Withdrawal Charge per $1.00 establishedParticipant was established hereunder* being withdrawn.** --------------------------------- --------------------------- -------------------------------------- -------------------------- First 24 months $0.07 Next 36 months 0.06 Next 60 months 0.04 Next 60 months 0.03 Thereafter 0.00 *Or, if earlier, the day an Account was established for him under a companion contract (or under a similar contract if section 3.5 applies) ). **No charge is made after the amount withdrawn equals the contributions made for the Participant. In addition, no charge is made if the withdrawal is made for reasons of Financial Hardship or Disability Retirement. As of the first day no amounts remain in a any of the Participant's Account Accounts under this contract or in an Account for him under a companion contract, all of his Account is Accounts hereunder are cancelled. This section may be changed as provided in section 5.1.