Common use of Payment Certain Annuity Clause in Contracts

Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, or any other number accepted by Prudential. Other forms of annuity payments may be provided with the consent of Prudential. All annuities purchased under this contract will meet the requirements of Code Sections 401(a)(9) and 457(d) and the Regulations issued thereunder.

Appears in 3 contracts

Samples: Group Annuity Contract (Prudential Variable Contract Account 24), Group Annuity Contract (Prudential Variable Contract Account 11), Group Annuity Contract (Prudential Variable Contract Account 10)

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Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, or any other number accepted by Prudential. Other forms of annuity payments may be provided with the consent of Prudential. All annuities purchased under this the contract will meet the requirements of Code Sections Section 401(a)(9) and, to the extent applicable, Code Sections 401(a)(11) and 457(d) 417, and the Regulations issued thereunder.

Appears in 2 contracts

Samples: Group Annuity Contract (Prudential Variable Contract Account 24), Group Annuity Contract (Prudential Variable Contract Account 24)

Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, or any other number accepted by Prudential. Other forms of annuity payments may be provided with the consent of Prudential. All annuities purchased under this contract will meet the requirements of Code Sections Section 401(a)(9) and 457(d) and the Regulations issued thereunder.

Appears in 2 contracts

Samples: Group Annuity Contract (Prudential Variable Contract Account 10), Group Annuity Contract (Prudential Variable Contract Account 11)

Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, or any other number accepted by Prudential. Other forms of annuity payments may be provided with the consent of Prudential. All annuities purchased under this the contract will meet the requirements of Code Sections Section 401(a)(9) and, to the extent applicable, Code Sections 401(a)(11) and 457(d) 417, and the Regulations issued thereunder.

Appears in 2 contracts

Samples: Group Annuity Contract (Prudential Variable Contract Account 10), Group Annuity Contract (Prudential Variable Contract Account 11)

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Payment Certain Annuity. The first monthly payment of a Payment Certain annuity is payable on the date the annuity is purchased. Monthly payments are payable on the first day of each month thereafter until the total number of Payments Certain specified when the annuity was purchased has been paid. The number of Payments Certain may be 60, 120, 180, 240, 240 or any other number accepted by Prudential. Other forms of annuity payments may be provided with the consent of Prudential. All annuities purchased under this contract will meet the requirements of Code Sections Section 401(a)(9) and 457(d) and the Regulations issued thereunder.

Appears in 1 contract

Samples: Group Annuity Contract (Prudential Variable Contract Account 24)

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