Common use of MINIMUM REQUIRED DISTRIBUTION Clause in Contracts

MINIMUM REQUIRED DISTRIBUTION. Prior to a Participant's Required Distribution Date, as determined from the records of Prudential on the basis of information furnished to it, Prudential will notify such Participant that he may be required to GVA-120-87 (10/11) (as modified by Group Annuity Amendment Form GAA-7764) Serial 410 4.2-4.3 receive a minimum distribution from his Account under the contract in accordance with Code Section 401(a)(9) and the Regulations issued thereunder. Such notice will include information so as to assist the Participant in computing the amount of his required distribution. Following such notice, a Participant may request that the required minimum distribution be paid to him from the contract before his Required Distribution Date. If the Participant does not request a distribution of any portion of his Account pursuant to this section 4.3, Prudential shall be under no obligation to make such distribution.

Appears in 2 contracts

Sources: Group Annuity Contract (Prudential Variable Contract Account 10), Group Annuity Contract (Prudential Variable Contract Account 11)