Common use of TRANSFERS TO ANOTHER FUNDING AGENT Clause in Contracts

TRANSFERS TO ANOTHER FUNDING AGENT. (a) At the Request of a Participant: The Contract-Holder may transfer, pursuant to the request of a Participant, the Withdrawal Value of the Participant's Account to an annuity contract issued to the Contract-Holder which meets the conditions of Section 457 of the Federal Internal Revenue Code and is provided by another financial institution. The transfer may be made directly to that institution or by a payment (or payments) to the Contract-Holder who then makes payment to the institution. The transfer will normally be made within seven days after Prudential's receipt of a duly completed transfer request. The transfer will be a full settlement of Prudential's liability for the Participant's Account. 9/84

TRANSFERS TO ANOTHER FUNDING AGENT. (a) At Total Transfers at the Request of a Participant: The Contract-Holder may transfer, pursuant to the request of a Participant, the Withdrawal Value of the Participant's Account to an annuity contract issued to the Contract-Holder which meets the conditions of Section 457 of the Federal Internal Revenue Code and is provided by another financial institution. The transfer may be made directly to that institution or by a payment (or payments) to the Contract-Holder who then makes payment to the institution. The transfer will normally be made within seven days after Prudential's receipt of a duly completed transfer request. The transfer will be a full settlement of Prudential's liability for the Participant's Account. 9/84.

TRANSFERS TO ANOTHER FUNDING AGENT. (a) At the Request of a Participant: The Contract-Holder may transfer, pursuant to the request of a Participant, the Withdrawal Value of the Participant's Account to an annuity contract issued to the Contract-Holder which meets the _ conditions of Section 457 of the Federal Internal Revenue Code and is provided by another financial institution. The transfer may be made directly to that institution or by a payment (or payments) to the Contract-Holder who then makes payment to the institution. The transfer will normally be made within seven days after Prudential's receipt of a duly completed transfer request. The transfer will be a full settlement of Prudential's liability for the Participant's Account. 9/84

TRANSFERS TO ANOTHER FUNDING AGENT. (a) At the Request of a Participant: The Contract-Holder may transfer, pursuant to the request of a Participant, the Withdrawal Value of the Participant's Account to an annuity contract issued to the Contract-Holder which meets the conditions of Section 457 of the Federal Internal Revenue Code and is provided by another financial institution. The transfer may be made directly to that institution or by a payment (or payments) to the Contract-Holder who then makes payment to the institution. The transfer will normally be made within seven days after Prudential's receipt of a duly completed the transfer request. The transfer will be a full settlement of Prudential's liability for the Participant's Account. 9/84