Common use of TRANSFERS INVOLVING A SIMILAR CONTRACT OF ANOTHER EMPLOYER Clause in Contracts

TRANSFERS INVOLVING A SIMILAR CONTRACT OF ANOTHER EMPLOYER. A Participant may cease to be employed by the Contract-Holder. He may become employed by an employer to whom Prudential has issued a contract similar to this contract. If so, that Participant may request a transfer to that similar contract from this contract. The transfer will normally be made within seven days of receipt of a duly completed request. The dollar value of the Participant's Account will be the amount transferred. The Account will be cancelled. Also, this contract will accept a transfer from a contract similar to this contract for a person covered thereunder who becomes employed by the Contract-Holder. The transferred amount will be treated as a contribution paid for that person. However, in determining any withdrawal charge, any part of the transferred amount which is investment income will not be considered a contribution. This section may be changed as provided in section 5.1. GVA-1000 Serial 320 3-5 5/87 Provision IV. ANNUITIES:

TRANSFERS INVOLVING A SIMILAR CONTRACT OF ANOTHER EMPLOYER. A Participant may cease to be employed by the Contract-Holder. He may become employed by an employer to whom Prudential has issued a contract similar to this contract. If so, that Participant may request a transfer to that similar contract from this contract. The transfer will normally be made within seven days of receipt of a duly completed the request. The dollar value of the Participant's Account will be the amount transferred. The Account will be cancelled. Also, this contract will accept a transfer from a contract similar to this contract for a person covered thereunder who becomes employed by the Contract-Holder. The transferred amount will be treated as a contribution paid for that person. However, in determining any withdrawal charge, any part of the transferred amount which is investment income will not be considered a contribution. This section may be changed as provided in section 5.1. GVA-1000 Serial 320 3-5 5/87 Provision IV. ANNUITIES:3.5

TRANSFERS INVOLVING A SIMILAR CONTRACT OF ANOTHER EMPLOYER. A Participant may cease to be employed by the Contract-Holder. He may become employed by an employer to whom Prudential has issued a contract similar to this contract. If so, that Participant may request a transfer to that similar contract from this contract. The transfer will normally be made within seven days of receipt of a duly completed the request. The dollar value of the Participant's Account will be the amount transferred. The Account will be cancelled. Also, this contract will accept a transfer from a contract similar to this contract for a person covered thereunder who becomes employed by the Contract-Holder. The transferred amount will be treated as a contribution paid for that person. However, in determining any withdrawal charge, any part of the transferred amount which is investment income will not be considered a contribution. This section may be changed as provided in section 5.1. GVA-1000 Serial 320 3-5 3.5 5/87 Provision IV. ANNUITIES:

TRANSFERS INVOLVING A SIMILAR CONTRACT OF ANOTHER EMPLOYER. A Participant may cease to be employed by the Contract-Holderan employer who pays contributions under this contract. He may become employed by an employer to whom Prudential has issued a contract similar to this contract. If so, that Participant may request a transfer to that similar contract from this contract. The transfer will normally be made within seven days of receipt of a duly completed the request. The dollar value of the Participant's Account will be the amount transferred. The Account will be cancelled. Also, this contract will accept a transfer from a contract similar to this contract for a person covered thereunder who becomes employed by the Contract-Holderan employer who pays contributions under this contract. The transferred amount will be treated as a contribution paid for that person. However, in determining any withdrawal charge, any part of the transferred amount which is investment income will not be considered a contribution. This section may be changed as provided in section 5.1. GVA-1000 GVA-120-82 Serial 320 3-5 5/87 Provision IV. ANNUITIES:3.5