CHANGES BY PRUDENTIAL Clause Samples
The "CHANGES BY PRUDENTIAL" clause grants Prudential the right to modify certain terms or aspects of the agreement, such as services, policies, or procedures, during the contract period. Typically, this clause outlines the process by which Prudential will notify the other party of any changes, and may specify the types of changes allowed or any limitations on this authority. Its core function is to provide Prudential with flexibility to adapt the agreement to evolving business needs or regulatory requirements, while ensuring that the other party is informed of significant modifications.
CHANGES BY PRUDENTIAL. Prudential may make changes in this contract as follows:
(a) The Annual Account Charge and the table of withdrawal charges may be changed periodically on and after the second anniversary of the Effective Date.
(b) The effective annual rate of the Administrative Expense Charge and the terms and amounts (excluding the withdrawal charge table) of withdrawals and transfers pursuant to Provision III may be changed periodically on and after the fifth anniversary of the Effective Date.
(c) The schedules of annuity purchase rates may be changed periodically on and after the tenth anniversary of the Effective Date. Any change in the table of withdrawal charges and in Schedule D will apply only to amounts added to Participants' Accounts on and after the date the change takes effect. Any other change will apply to amounts in Participants' Accounts whether added before or on and after the date the change takes effect. Any change in the schedules of annuity purchase rates will remain in effect for at least ten years. Any change in accordance with this section will be made by giving notice to the Contract-Holder at least 90 days before the date on which the change is to take effect.
CHANGES BY PRUDENTIAL. Prudential may make changes in this contract as follows:
(a) The Annual Account Charge and the table of withdrawal charges may be changed periodically on and after the second anniversary of the Effective Date.
(b) The effective annual rate of the Administrative Expense Charge, the minimum dollar contribution made on other than a periodic basis, and the terms and amounts, (excluding the withdrawal charge table) of withdrawals and transfers pursuant to Provision III may be changed periodically on and after the fifth anniversary of the Effective Date.
(c) The schedules of annuity purchase rates may be changed periodically on and after the tenth anniversary of the Effective Date. Any change in the table of withdrawal charges and in Schedule D will apply only to amounts added to Participants' Accounts on and after the date the change takes effect. Any other change will apply to amounts in Participants' Accounts whether added before or on and after the date the change takes effect. Any change in the schedules of annuity purchase rates will remain in effect for at least ten years. Any change in accordance with this section will be made by giving notice to the Contract-Holder at least 90 days before the date on which the change is to take effect. Notice of changes, other than in the schedules of purchase rates, will also be given to Participants.
CHANGES BY PRUDENTIAL. 500 5.2 Changes by Agreement. . . . . . . . . . . . . . . . 500 5.4 Persons Empowered to Act for Prudential . . . . . . 500
CHANGES BY PRUDENTIAL. We may change this Contract if we, in our discretion, deem it appropriate to conform to the requirements of any law or regulation. We reserve the right to change the method for determining the market value adjustment upon 30 days prior written notice to you and to periodically update the annuity purchase rates. No modifications or amendments to this Contract may affect the terms of any annuity purchased prior to the effective date of the modification or amendment. The annuity purchase rates will not be modified or amended (i) during the first year that the Contract is in effect, or (ii) more than once in any 12 month period; and (iii) may not be less favorable to you than the annuity purchase rates we offer to any Contractholder in the same class as this Contract.
CHANGES BY PRUDENTIAL. We may change this Contract if we, in Our discretion, deem it appropriate to conform to the requirements of any law or regulation. We reserve the right to periodically update the annuity purchase rates. No modifications or amendments to this Contract may affect the terms of any annuity purchased prior to the effective date of the modification or amendment. The annuity purchase rates will not be modified or amended (i) during the first year that the Contract is in effect, or (ii) more than once in any 12 month period; and (iii) may not be less favorable to You than the annuity purchase rates We offer to any other Contractholder in the same class as this Contract.
CHANGES BY PRUDENTIAL. 13 9.3 Persons Empowered to Act for Us ...
CHANGES BY PRUDENTIAL. 14 9.3 Persons Empowered to Act for Us . . . . . . . . . . . . . . . . . . 14