Common use of TRANSFERS TO ANOTHER FINANCIAL INSTITUTION Clause in Contracts

TRANSFERS TO ANOTHER FINANCIAL INSTITUTION. (a) At the Request of a Participant: The Withdrawal Value of a Participant's Accounts may be transferred to another financial institution but only under the conditions permitted by the Plan, if any. The transfer may be made directly to that institution or by a payment (or payments) to the Participant 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.

Appears in 4 contracts

Samples: Prudential Variable Contract Account 11, Prudential Variable Contract Account 11, Prudential Variable Contract Account 10

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TRANSFERS TO ANOTHER FINANCIAL INSTITUTION. (a) At Total Transfers at the Request of a Participant: The Withdrawal Value of a any of the Participant's Accounts may be transferred to another financial institution but only under the conditions permitted by the Plan, if any. The transfer may be made directly to that institution or by a payment (or payments) to the Participant 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 AccountAccount from which the transfer is made.

Appears in 2 contracts

Samples: Prudential Variable Contract Account 24, Prudential Variable Contract Account 24

TRANSFERS TO ANOTHER FINANCIAL INSTITUTION. (a) At the Request of a Participant: The Withdrawal Value of a any of the Participant's Accounts may be transferred to another financial institution but only under the conditions permitted by the Plan, if any. The transfer may be made directly to that institution or by a payment (or payments) to the Participant 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 AccountAccount from which the transfer is made.

Appears in 1 contract

Samples: Prudential Variable Contract Account 24

TRANSFERS TO ANOTHER FINANCIAL INSTITUTION. (a) At the Request of a Participant: The Withdrawal Value of a any of the Participant's Accounts may be transferred to another financial institution but only under the conditions permitted by the Plan, if anyinstitution. The transfer may be made directly to that institution or by a payment (or payments) to the Participant 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 AccountAccount from which the transfer is made.

Appears in 1 contract

Samples: Prudential Variable Contract Account 24

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TRANSFERS TO ANOTHER FINANCIAL INSTITUTION. (a) At the Request of a Participant: The Withdrawal Value of a any of the Participant's Accounts may be transferred to another financial institution but only under the conditions permitted by the Plan, if any. The transfer may be made directly to that institution or by a payment (or payments) to the Participant 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 AccountAccount from which the transfer is made.

Appears in 1 contract

Samples: Prudential Variable Contract Account 24

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