Upon Notice by Prudential Clause Samples

Upon Notice by Prudential. If contributions are discontinued for all Participants pursuant to section 6.2, Prudential may notify the Contract-Holder that transfer payments will be made to the Contract-Holder or to a financial institution named by the Contract-Holder. Prudential would do this if the contributions are discontinued due to certain circumstances, such as a change in any law or regulation, which in Prudential's judgment would have an adverse effect on Prudential in fulfilling the terms of this contract. In that case, a Transfer Date will be established, Participants' Accounts will be cancelled, and the transfer will be made in the same manner as described in section 3.4(b). This section may be changed as provided in section 5.1. GVA-1010-87 (24) Serial 320 3.4