Common use of CHANGES BY PRUDENTIAL Clause in Contracts

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.

Appears in 2 contracts

Sources: Group Annuity Contract (Prudential Discovery Select Group Variable Contract Acct), Group Annuity Contract (Prudential Discovery Select Group Variable Contract Acct)

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, and, upon 30 days notice to you, to change the method for determining the market value adjustment upon 30 days prior written notice Any change to you and the market value adjustment will apply only to periodically update contributions made on or after the annuity purchase ratesage of the change. 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.

Appears in 1 contract

Sources: Group Annuity Contract (Prudential Discovery Select Group Variable Contract Acct)