Common use of Annuity Certificates Clause in Contracts

Annuity Certificates. Insurer will mail an annuity certificate to each applicable Payee on or before the later of (i) 20 Business Days after the Contract is issued and (ii) 120 Business Days after the date on Commitment Agreement, dated January 23, 2019 CONFIDENTIAL TREATMENT REQUESTED THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION: [***] which the Welcome Kit is mailed to Payees, in each case, subject to receiving regulatory approvals for any such annuity certificate, if needed. To the extent that any changes are made to the forms of annuity certificates or the related benefit terms after the Company, the Independent Fiduciary and Insurer have agreed on the forms of annuity certificates to be filed and the related benefit terms, the mailing of an annuity certificate to each applicable Payee shall be extended by the number of days elapsed since the Company, the Independent Fiduciary and Insurer had first agreed on the forms of such annuity certificates and the related benefit terms. Each annuity certificate will include a statement informing a Payee of his or her right to obtain a copy of the Contract (redacted to exclude information concerning other annuitants), how to obtain such copy of the Contract [***]. The rights of a Payee are not conditioned on the issuance of the annuity certificates, and any delay in issuing a certificate shall not have any effect on the date as of which the Payee has enforceable rights against Insurer.

Annuity Certificates. Insurer will use commercially reasonable efforts to obtain all regulatory approvals that are necessary for the issuance of any annuity certificate. Insurer will mail an annuity certificate to each applicable Payee on or before the later of (i) 20 Business Days after the Contract is issued each immediate annuitant by [ * * * ] and (ii) 120 Business Days after each deferred annuitant no more than [ * * * ] following the date on Commitment Agreement, dated January 23, 2019 CONFIDENTIAL TREATMENT REQUESTED THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION: [***] which mailing of the Welcome Kit is mailed to Payees, in each caseKit, subject to receiving regulatory approvals for any such annuity certificate, if needed. To the extent that any changes are made to the forms of annuity certificates or the related benefit terms after the Company, the Insurer and Independent Fiduciary and Insurer have agreed on the forms of annuity certificates to be filed and the related benefit terms, the mailing of an annuity certificate to each applicable Payee shall annuitant will be extended by the number of days elapsed since the Company, the Insurer and Independent Fiduciary and Insurer had first agreed on the forms form of such annuity certificates certificate and the related benefit terms. Each Notwithstanding anything to the contrary in this paragraph 8.c, in the event that Insurer has not been provided with the Required Data for any annuitant, contingent annuitant, deferred annuitant, dependent spouse, alternate payee, beneficiary or any other payee, Insurer may delay the mailing of the Welcome Kit and annuity certificate will include a statement informing a Payee of his or her right to obtain a copy of the Contract (redacted to exclude information concerning other annuitants)such annuitant, how to obtain such copy of the Contract [contingent annuitant, deferred 147 ***]. The rights of a Payee are not conditioned on CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION*** annuitant, dependent spouse, alternate payee, beneficiary or any other payee until such time as Insurer has been provided with the issuance of the annuity certificates, and any delay in issuing a certificate shall not have any effect on the date as of which the Payee has enforceable rights against InsurerRequired Data.

Annuity Certificates. Insurer Prudential will mail an annuity certificate to each applicable Payee on or before the later of (i) 20 Business Days after the Contract is issued and issued, (ii) 120 Business Days after the date on Commitment Agreement, dated January 23, 2019 CONFIDENTIAL TREATMENT REQUESTED THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION: [***] which the Welcome Kit is mailed to PayeesPayees and (iii) 30 Business Days after the parties, each acting in good faith, have agreed upon the forms of annuity certificates, in each case, subject to receiving regulatory approvals for any such annuity certificate, if needed. To Prudential will send a preliminary draft (which need not include a customized annuity form description) of the extent that any changes are made annuity certificate to the forms of annuity certificates or the related benefit terms after the Company, Company and the Independent Fiduciary as soon as practicable and Insurer have agreed on the forms of annuity certificates to be filed and the related benefit terms, the mailing of an annuity certificate to each applicable Payee shall be extended Prudential will consider in good faith any comments made by the number of days elapsed since the Company, Company and the Independent Fiduciary and Insurer had first agreed on the forms annuity certificate on or before the fifth Business Day after receipt of the preliminary draft of the annuity certificate from Prudential; provided that, in no event shall Prudential be obligated to agree to any such annuity certificates and the related benefit termscomment that would require it to obtain any additional regulatory approval. Each annuity certificate will include a statement informing a Payee of his or her right to obtain a copy of the Contract (redacted to exclude information concerning other annuitants), how to contact Prudential and his or her right to enforce all provisions of the Contract, and Commitment Agreement, dated October 4, 2019 CONFIDENTIAL will be sent together with a set of “Frequently Asked Questions” which will inform each Payee of how to obtain such copy of the Contract [***]Contract. The rights of a Payee are not conditioned on the issuance of the annuity certificates, and any delay in issuing a certificate shall not have any effect on the date as of which the Payee has enforceable rights against InsurerPrudential.

Annuity Certificates. Each Insurer will use [***] efforts to obtain all regulatory approvals that are necessary for the issuance of any annuity certificate. Each Insurer will mail an annuity certificate to each applicable Payee on or before annuitant no later than the later of (i) 20 Business Days after sixty (60) days following the applicable Contract is issued execution date and (ii) 120 Business Days sixty (60) days after the date on Commitment Agreement, dated January 23, 2019 CONFIDENTIAL TREATMENT REQUESTED THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT THE CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION: [***] which the Welcome Kit is mailed to Payees, in each case, subject to receiving all required regulatory approvals for any of the applicable annuity certificates have been obtained (or such annuity certificate, if neededlater date agreed to by the parties). To the extent that any regulator requires, or the applicable parties hereto otherwise agree on, changes are to be made to the forms of annuity certificates certificate or the related benefit terms after the Company, the applicable Insurer, and Independent Fiduciary and Insurer have agreed on the forms of annuity certificates to be filed and the related benefit terms, the mailing of an annuity certificate to each applicable Payee annuitant shall be extended by the number of days elapsed since the Company, the applicable Insurer, and Independent Fiduciary and Insurer had first agreed on the forms form of such annuity certificates certificate and the related benefit terms. Each annuity certificate will include a statement statements informing a Payee an annuitant of (A) his or her right to obtain a copy of the Contract applicable Contract, (redacted to exclude information concerning other annuitants), B) how to obtain such copy of the such Contract (redacted to exclude [***]), and (C) his or her right to enforce [***], provisions with respect to such annuitant’s annuity payments under such Contract, solely against the applicable Insurer and against no other person including the Plan, Company, or any affiliate thereof. The rights of a Payee an annuitant are not conditioned on the issuance of the annuity certificates, and any delay in issuing a certificate shall will not have any effect on the date as of which the Payee annuitant has enforceable rights against the applicable Insurer.