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. No form of annuity will be purchased for a Participant which provides for payments (i) over a period longer than his life, or his and his spouse's life, or (ii) over a term certain extending beyond his life expectancy, or his and his spouse's combined life expectancy. No form of annuity will be purchased for a Beneficiary which provides for payments (iii) over a period longer than his life, or (iv) over a term certain extending beyond his life expectancy.

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. No form of annuity will be purchased for a Participant which provides for payments (i) over a period longer than his life, or his and his spouse's life, or (ii) over a term certain extending beyond his life expectancy, or his and his spouse's combined life expectancy. No form of annuity will be purchased for a Beneficiary which provides for payments (iii) over a period longer than his life, or (iv) over a term certain extending beyond his life expectancy.

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. No form of annuity will be purchased for a Participant which provides for payments (i) over a period longer than his life, or his and his spouse's life, or (ii) over a term certain extending beyond his life expectancy, or his and his spouse's combined life expectancy. No form of annuity will be purchased for a Beneficiary which provides for payments (iii) over a period longer than his life, or (iv) over a term certain extending beyond his life expectancy.