Document:

EX-10.3

 EXHIBIT 10.3 

SEPARATION AGREEMENT AND GENERAL RELEASE 

This Separation Agreement and General Release (the “Agreement”) is hereby entered into by and between Timothy R. Wright
(“Employee”) and MiMedx Group, Inc. (“Company”). Employee and Company may be referred to herein individually as a “Party” and collectively as the “Parties.” 

WHEREAS, Company employed Employee most recently in the position of Chief Executive Officer pursuant to a Letter Agreement dated April 8,
2019 (the “Letter Agreement”); 
 WHEREAS, Company and Employee seek to separate from their employment relationship under the
mutually agreed upon terms and conditions set forth in this Agreement and the Letter Agreement; 
 WHEREAS, Company offers Employee the
separation benefits described under this Agreement, subject to the terms and conditions set forth herein and set forth in Employee’s Letter Agreement; 

WHEREAS, the Parties wish to resolve, finally and completely, and with prejudice, any and all issues, disputes or matters between them,
without admitting liability; and 
 NOW THEREFORE, in consideration of the promises and covenants set forth below, the Parties, each
intending to be legally bound, hereby agree as follows: 
 1. Separation Date; Final Paycheck; and Termination of Employment
Benefits. 
 (a) Employee’s employment with Company completely and permanently terminated, effective September 2, 2022
(the “Separation Date”). This Agreement will be effective only if Employee signs it on or after the Separation Date. After the Separation Date, Employee will not represent himself as being an employee, agent or representative of
Company for any purpose, nor will he engage or attempt to engage, directly or indirectly, in any business on Company’s behalf or otherwise act in a manner that might bind Company. Employee acknowledges that, as of the Separation Date, he has
resigned from all positions held by him with the Company and its subsidiaries and affiliates, including any directorships he held at the Company or any of its subsidiaries or affiliates. 

(b) In accordance with Company’s normal payroll practices, the Company will tender Employee a final payment for all unpaid wages that
Employee earned through the Separation Date, including without limitation payment for accrued, but unused vacation benefits, subject to all applicable taxes and deductions, by mailing a check to Employee for that amount or, if Employee elected to be
paid by direct deposit during Employee’s employment with Company, by causing that amount to be direct deposited into Employee’s designated bank account. Employee acknowledges that, other than the final pay described under this subsection
1(b), Company owes Employee no other wages, benefits, leave (paid or unpaid), overtime, bonuses, compensation, or other payment of any kind. 

 (c) If Employee enrolled in the group medical, dental and/or vision benefits plan for which
Employee was eligible during his Company employment, Employee’s coverage under said plans will continue until the last day of the month in which the Separation Date occurs. Thereafter, Employee may be eligible to elect continued coverage of
such insurance benefits after said extended coverage period expires, pursuant to the federal Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). Employee will receive appropriate notice and forms regarding such
coverage under COBRA. Employee will be solely responsible for electing and enrolling in COBRA continuation coverage in an appropriate and timely manner and for any and all required payments, including any premium payments, relating to such COBRA
coverage, except as outlined in Section 2 of the Agreement. 
 (d) After the Separation Date, Employee shall no longer participate in,
be covered by, or be eligible under any of the employee benefit plans, policies or programs offered by Company, unless otherwise provided under the terms and conditions of such employee benefit plans, policies or programs or by governing law.
Nothing in this Agreement shall constitute a waiver of any right that Employee may have to any vested benefit under such employee benefit programs or plans of Company pursuant to the terms of such employee benefit programs or plans and governing
law. 
 (e) No Disagreements. Employee represents that he has no disagreements with the Company on any matter relating to the
Company’s operations, policies or practices. 
 2. Consideration. 

(a) Severance Benefit and COBRA Subsidy Payment. In accordance with the Letter Agreement and in consideration for
Employee’s execution of this Agreement and the promises, covenants, agreements, and general release of all claims set forth herein, the Company agrees to pay to Employee or on his behalf, and the Employee agrees to accept the following: 

(i) The gross total sum of Three Million One Hundred Five Thousand Dollars and Zero Cents ($3,105,000.00) (“Severance Benefit”).
Employee acknowledges that the Separation Payment is equal to twenty-four (24) months of his current salary plus two (2.0) times his current annual target Base Bonus amount under the Company’s current annual cash incentive in which
Employee is eligible to participate The Separation Payment, less applicable taxes and deductions, will be deposited into Employee’s bank account via twenty-four equal installments paid in accordance with Company’s regular pay dates for a
period of twenty-four months, with the first payment, representing seven installments, paid on the first business day of the seventh month following the Separation Date and Effective Date of this Agreement, or if earlier upon your death, and each
subsequent installment on the first regularly scheduled pay date in each of the 17 subsequent months thereafter. This amount will be subject to tax withholdings and will be reported on an IRS Form W-2; and

 (ii) If Employee provides Company with documentation showing to Company’s satisfaction that he timely and properly enrolled for
COBRA coverage for the medical plan, dental plan, and vision plan, Employee will continue participation in these plans at the current “active” employee contribution rate for Employee and his eligible dependents (where applicable) and the
Company will pay the “employer” share of the coverage payments, less applicable taxes 

  
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and deductions for a maximum of twenty-four (24) months (the “COBRA Subsidy Payment”). The COBRA Subsidy Payment will be tendered directly to Company’s third-party provider of
COBRA coverage on his behalf; provided, that if participation in such plans cannot be maintained beyond the period permitted for COBRA, the Company will pay the COBRA Subsidy Payment directly to Employee. 

(b) Timing and Conditions of Separation Benefit and COBRA Subsidy Payment. Company will provide Employee with the consideration
described in Section 2(a) after the latest of the following events occur: (i) Company receives a copy of this Agreement signed by Employee; and (ii) the Effective Date (defined in Section 20). Employee acknowledges and agrees
that no payment or benefit provided under this Agreement, including the consideration described in Section 2(a), will be owed to Employee unless and until each and every of the events described in the preceding sentence is completed or
satisfied. 
 (c) Consulting Work. In addition to the consideration provided in Section 2(a) of this Agreement, Employee
agrees that he shall remain available to provide reasonable consulting services to the Company to assist with the successful transition of his position to a successor. Should the Company request such consulting services from Employee, Employee will
be compensated at a rate of Five Hundred Dollars and Zero Cents ($500.00) per hour for his consulting work. In no event, however, will the Company request that Employee provide consulting services in excess of eight hours per week. 

(d) Acknowledgment. Employee acknowledges that the benefits provided under this Agreement are provided pursuant to Paragraph 6
of the Letter Agreement (Severance Agreement Without Change In Control). As set forth in the Letter Agreement, Employee will not be eligible to earn and will not receive any Severance Benefit or COBRA Subsidy Benefit if the Company, in its sole
discretion, concludes that facts and circumstances exist or existed that would have justified a termination for “Cause,” as defined in Paragraph 8 of the Letter Agreement. Additionally, as set forth in the Letter Agreement, if the Company
determines (in its sole discretion) after any such severance benefits have commenced or otherwise been provided to Employee under this Agreement, that there are facts and circumstances that would have justified a termination of Employee’s
employment for “Cause,” he will no longer receive any Severance Benefit or COBRA Subsidy Benefit and the Company may require Employee to repay upon thirty (30) days’ notice the gross amount of the Severance Benefit and COBRA
Subsidy Benefit (or any portion thereof) that previously were paid to him or on his behalf. Additionally, should Employee breach any representation, warranty or covenant of this Agreement, Company will not be entitled to the Severance Benefit or
COBRA Subsidy Benefit. 
 (e) Tax Consequences. Employee agrees and acknowledges that he shall be solely responsible for all
taxes, assessments, interest, and penalties determined to be due by any federal, state or local government, agency or any other tax authority, court or tribunal, in connection with the aforementioned settlement payment including, without limitation,
any federal, state and local withholding taxes and Social Security taxes, except for Company’s original contributions to FICA that would have been required at the time of payment. Employee covenants that he has not relied on Company for advice
regarding any tax liabilities or consequences. 

  
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 (f) Adequate Consideration. Employee understands, agrees and covenants that
the consideration set forth in Section 2(a) and Section 2(c) exceeds what Employee is otherwise entitled to receive upon separation from his Company employment, and that Employee would not receive said consideration but for Employee’s
entering this Agreement. Employee accepts the consideration set forth in Section 2 as adequate and as the full, final, and complete settlement of all possible claims that Employee might have against Company as described in Section 4.
Employee expressly understands, agrees and covenants that Company will not be required to make any payment, for any reason whatsoever, including, without limitation, any payment of attorneys’ fees or costs and any payment to Employee or any
person, heir, estate, attorney, representative, successor, assign, or agent acting on Employee’s behalf in connection with any claim or right that might possibly be asserted by him or on his behalf. 

3. Released Parties. As used in this Agreement, “Released Parties” means: 

(a) MiMedx Group, Inc., and any and all of its past, present and future predecessors, successors, affiliates, parents, subsidiaries, divisions,
and related companies, including, without limitation MiMedx Group, Inc. Severance Plan; and 
 (b) Any and all past or present predecessors,
subsidiaries, affiliates and benefit plans, and each of their past, present and future officers, directors, trustees, members, administrators, agents, attorneys, employees and insurance carriers, as well as the heirs, successors and assigns of any
of such persons or such entities related to MiMedx Group, Inc. and MiMedx Group, Inc. Severance Plan; 
 (c) Any and all past, present and
future partners, shareholders, directors, officers, trustees, managers, employees, attorneys, agents, benefit plans (and their sponsors, fiduciaries and administrators), insurers, reinsurers, members and servants of any of the entities described in
Section 3(a) or (b). 
 4. General Release of All Claims. In exchange for the consideration described in
Section 2, Employee, for himself and on behalf of his heirs, estate, representatives, successors, assigns, and agents, hereby expressly and unconditionally releases and forever discharges Company and all other Released Parties from any and all
claims arising at any time through the date of Employee’s execution of this Agreement, including, without limitation, all possible claims arising out of or in any way relating to the Letter Agreement, Employee’s employment by Company, or
the termination of that employment. 
 (a) This general release of claims covers, without limitation: 

(i) any and all claims under any possible legal, equitable, contract, or tort theory including, without limitation, claims for wrongful
discharge, employment termination in violation of public policy, negligent hiring, negligent supervision, infliction of emotional distress, fraud, promissory estoppel, breach of contract (except breach of this Agreement), breach of any other legal,
equitable or fiduciary obligation, interference with contract or prospective economic advantage, false imprisonment, assault, battery, defamation, negligence, personal injury and invasion of privacy; 

  
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 (ii) any and all claims under any possible statutory theory, including, without limitation,
the following statutes, as amended: Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, Sections 1981 through 1988 of Title 42 of the United States Code, the Immigration Reform and Control Act, the Americans with Disabilities
Act, the Rehabilitation Act, the Equal Pay Act, the Lilly Ledbetter Fair Pay Act, the Age Discrimination in Employment Act, the Older Workers Benefits Protection Act; the Pregnancy Discrimination Act, the Genetic Information Nondiscrimination Act,
the Family and Medical Leave Act, the Occupational Safety and Health Act, Employee Retirement Income Security Act, the Sarbanes Oxley Act, the Dodd-Frank Act, the National Labor Relations Act, the Workers Adjustment and Retraining Notification Act,
the Uniformed Services Employment and Reemployment Rights Act, the Health Insurance and Portability Accountability Act, the Fair Credit Reporting Act, Employee Polygraph Protection Act, the Georgia Fair Employment Practices Act, the Georgia
Equal Pay Act, the Georgia Equal Employment for People with Disabilities Code, Retaliatory Employment Discrimination Act (“REDA”), the North Carolina Persons with Disabilities Protection Act (“PDPA”), the Equal Employment
Practices Act (“EEPA”), N.C.G.S. § 95-28.1 (which prohibits discrimination against any person possessing sickle cell trait or hemoglobin C trait), N.C.G.S. §
95-28.1A (which prohibits discrimination against persons based on genetic testing or genetic information), N.C.G.S. § 95-28.2 (which prohibits discrimination
against persons for lawful use of lawful products during nonworking hours), N.C.G.S. § 130A-148(i) (which prohibits discrimination against any person having AIDS or HIV infection and which further
mandates that no test for AIDS virus infection will be required, performed, or used to determine suitability for continued employment), N.C.G.S. § 9-32 (which prohibits the discharge or demotion of any
employee because the employee has been called for jury duty, or is serving as a grand juror or petit juror), N.C.G.S. §§ 127A-201 to 127A-203 (which provides
members of the North Carolina National Guard or the National Guard of another state with certain reemployment rights outlined therein and which further prohibits discrimination and acts of reprisal against persons who serve in the National Guard),
and any state, or local law, statute, ordinance, regulation or executive order prohibiting employment discrimination based on any legally protected characteristic, prohibiting retaliation for “whistleblowing” or any other legally protected
activity, relating to leaves of absence, or otherwise governing Employee’s employment with, or separation of employment with, Company; 

(iii) any and all claims of any kind or nature that Employee had, has, or may have, whether known or unknown, against Company or any of the
Released Parties arising on or before the date of Employee’s execution of this Agreement, including, without limitation, any continuing effects; and 

(iv) any and all claims for costs, expenses and fees of any and all attorneys who have at any time or are presently representing Employee in
connection with this Agreement or any other claim or right released by him under this Agreement. 
 (b) This Agreement shall not waive, or
be construed to waive: (i) any claim or right of Employee that cannot be waived under the law; (ii) any claim or right Employee might have to unemployment compensation benefits relating to Employee’s separation from employment with
Company; (iii) any claim or right Employee might have to any vested benefits for which Employee may be eligible under any employee benefit program or plan of Company; (iv) any claim or right that arises after the date of Employee’s
execution of this Agreement; (v) any claim related to the enforcement of this Agreement;; and (vi) any right or claim for indemnification of 

  
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Employee for third party claims arising out of or related to Employee’s service as an employee, officer and director of the Company and its subsidiaries under those entities’
certificates of incorporation and bylaws, any indemnification agreement to which Employee is a party and any insurance policies held by the Company or subsidiaries providing indemnification coverage (subject to and accordance with the terms of such
documents, agreements and policies). 
 (c) The Parties understand that nothing in this Agreement prohibits Employee from filing an
administrative charge or complaint or otherwise reporting any possible violations of federal law or regulation or making other disclosures that are protected under the whistleblower provisions of federal law or regulation to any governmental agency
or entity, including, without limitation, the U.S. Equal Employment Opportunity Commission, the National Labor Relations Board, the Department of Justice, the Securities and Exchange Commission, Congress, or any agency Inspector General, or
participating or cooperating in any investigation by any such federal, state or local administrative agency of such charge or reported violation of law. Employee, however, waives his right to monetary, injunctive, or other relief to which
Employee might be entitled should any federal, state or local administrative agency or any other third party pursue any claims on Employee’s behalf arising out of or relating to his employment by Company or the termination of that employment.
This means that by executing this Agreement, Employee will have waived any right to obtain a recovery if an administrative agency or any other person or entity pursues a claim against Company or any of the other Released Parties based on any actions
taken by them up to the date of Employee’s execution of this Agreement, and that Employee will have released Company and the other Released Parties of any and all claims described under this Section 4 arising up to the date of his
execution of this Agreement. 
 5. Affirmations. Employee affirms that: (a) Employee has neither filed or caused
to be filed nor is presently a party to any claim, complaint, grievance, or action against Company or any of the other Released Parties in any form or forum; (b) other than the payments described under Section 2(a), Company owes Employee
no leave (paid or unpaid), compensation, wages, bonuses, commissions, or other payment or benefit of any kind; (c) Company in no way has interfered with Employee’s exercise of any rights or denied Employee any benefit or entitlement
provided under the Employee Retirement Income Security Act, the Family and Medical Leave Act, the National Labor Relations Act, the Fair Labor Standards Act or the Uniformed Services Employment and Reemployment Rights Act; (d) Employee suffered
no on-the-job injuries or illnesses for which Employee has not already filed a workers’ compensation claim; and (e) prior to signing this Agreement, Employee
engaged in no conduct that would violate Section 7, 8, 10 or 11 of this Agreement. Employee acknowledges and understands that the truthfulness and accuracy of the foregoing affirmations are a material term of this Agreement, without which
Company would not have entered this Agreement. 
 6. No Admission of Wrongdoing. The Parties agree that neither this
Agreement nor the furnishing of the consideration for this Agreement shall be deemed or construed at any time for any purpose as an admission by Company or by Employee of liability or unlawful conduct of any kind, or evidence of any liability or
unlawful conduct of any kind. Nothing in the preceding sentence shall preclude introduction of this Agreement by Company to establish that Employee’s claims have been resolved and/or released, or by either Party to establish a breach of this
Agreement. 

  
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 7. Confidentiality Agreement. Subject to Section 4(c) and except
as otherwise required by law, Employee agrees that he will not disclose, disseminate, or publicize, or cause or permit to be disclosed, disseminated, or publicized, directly or indirectly, specifically or generally, to any person, corporation,
association, governmental agency, or other entity, (1) any non-public information regarding Employee’s employment with the Company, or (2) any claims or allegations of wrongdoing, or the basis
for any such claims or allegations, which were or could have been made or asserted against the Company or any of the Released Parties, except that such information may be disclosed: (a) to your accountant, attorneys, domestic partner, and/or
spouse, provided that, to the maximum extent permitted by applicable law, rule, code, or regulation, they agree to maintain the confidentiality of the Agreement; (b) to the extent necessary to report income to appropriate taxing authorities;
(c) in response to an order of a court of competent jurisdiction or a subpoena issued under authority thereof; (d) in response to any subpoena issued by a state or federal governmental agency; or (e) as otherwise required by law. To
the extent that Employee is subpoenaed by any person or entity (including but not limited to any government agency) to give testimony or produce documents (in a deposition, court proceeding, or otherwise) which in any way relates to Employee’s
employment by the Company and/or any of the Released Parties and/or this Agreement, Employee will, except as provided for in and subject to Section 4(c) of this Agreement or as prohibited by the order of court or government agency, give prompt
notice of such request to William F. Hulse, Esq., or his successor at the Company. 
 The parties acknowledge and agree that this Section 7 of the
Agreement shall be in addition to, and shall not be considered or construed as superseding or in conflict with, any other obligation, whether contractual or otherwise, that Employee owes or may owe to the Company 

The Parties acknowledge and agree that this Section 7 is a material provision of this Agreement, and that any breach of this Section 7 shall be a
material breach of this Agreement. 
 8. Non-Disparagement Agreement. Subject
to Section 4(c) and except as otherwise required by law, Employee will refrain from directly or indirectly making any comment, engaging in publicity, or taking any other action that reflects adversely upon Company or any other of the Released
Parties. Except as otherwise required by the law, the Company (defined for purposes of this sentence only as the Company’s Board of Directors and executive officers) agree not to disparage Employee for so long as they as they are directors or
executives of the Company. The Parties acknowledge and agree that this Section 8 is a material provision of this Agreement, and that any breach of this Section 8 shall be a material breach of this Agreement. 

The parties acknowledge and agree that this Section 8 of the Agreement shall be in addition to, and shall not be considered or construed
as superseding or in conflict with, any other obligation, whether contractual or otherwise, that Employee owes or may owe to the Company. 

9. Cooperation. Except as provided for in and subject to Section 4(c) of this Agreement, Employee agrees that he
will reasonably cooperate with the Company regarding any investigation, or the defense or prosecution of any claims, proceedings, arbitrations, or actions now pending or in existence, or which may be brought in the future, against or on behalf of
the Company, which relate to events or occurrences that transpired during his employment with the Company. Employee’s cooperation shall include, but not necessarily be limited to: (i) attending meetings with and truthfully answering
questions posed by representatives and/or attorneys of the 

  
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Company; (ii) providing or producing documents relevant to such claim, proceeding, arbitration, or action, as applicable, to the extent that such documents are in Employee’s possession,
custody, or control and as may be requested, from time to time, by representatives and/or attorneys of the Company; (iii) executing truthful and complete declarations or affidavits; and (iv) appearing as a witness at depositions, trials,
arbitration hearings, or other proceedings without the necessity of a subpoena and testifying truthfully and completely. The Company agrees to reimburse Employee for all of his reasonable, out-of-pocket expenses associated with such cooperation, including reasonable travel expenses, in accordance with any applicable Company policy as in effect from time to time, so long as Employee provides
advance written notice of his request for reimbursement and provide satisfactory documentation of the expenses. Nothing in this provision shall be construed or applied so as to obligate Employee to violate any law or legal obligation. Nothing herein
is intended to unduly interfere with Employee’s other business or personal activities, and the Company shall use reasonable efforts to ensure any cooperation requested thereby does not unduly interfere with any subsequent employment and, to the
extent that such cooperation does unreasonably interfere with Employee’s subsequent employment, it will be requested only if, upon a good faith determination by the Company, it is reasonably necessary. 

10. Return of Company Property. Employee represents and warrants that he has returned all Company-issued property,
including, without limitation, credit cards, keys, laptops, mobile and other computing devices, including all related peripheral equipment such as batteries and power cords, computer software, files, manuals, letters, notes, records, drawings,
notebooks, reports and any other documents and tangible items that Employee received, acquired, prepared, used or maintained in connection with conducting business for or on behalf of Company, whether maintained at Employee’s office, home or
any other location, and in all forms, including electronic form and expressly including documents and tangible items containing confidential information. Employee will not retain, disclose or make any further use, directly or indirectly, of any such
Company property. 
 11. Existing Post-Employment Obligations. Employee acknowledges and agrees that nothing in this
Agreement shall in any way limit, restrict, diminish, waive or otherwise reduce any post-employment obligation owed by Employee to Company under any agreement entered by Employee prior to this Agreement, any established policy of Company and/or
governing law, including, without limitation, the Letter Agreement, MiMedx Confidentiality and Non-Solicitation Agreement, MiMedx Employee Inventions Assignment Agreement, and MiMedx Non-Competition Agreement. 
 12. No Right to Reemployment. Employee acknowledges
that neither Company nor any of the other Released Parties will ever be obligated to employ or reemploy Employee after he signs this Release. 

13. Amendment. This Agreement may not be modified, altered or changed except in a writing executed by both Parties
wherein specific reference is made to this Agreement and to which a copy of this Agreement is attached. 

  
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 14. Entire Agreement. This Agreement represents and contain the entire
understanding between the Parties in connection with the subject matter therein. The Parties expressly acknowledge and recognize that there are no oral agreements, understandings or representations between them other than those contained in this
Agreement, and any such prior agreements or understandings are hereby specifically terminated. This Agreement shall be binding upon and shall inure to the benefit of the executors, administrators, personal representatives, heirs, and/or successors
and assigns of the Parties. 
 15. Severability. If any term, condition, clause, or provision of this Agreement is
determined by a court of competent jurisdiction to be invalid or unenforceable under the law, then only that term, condition, clause, or provision shall be stricken from this Agreement, and this Agreement shall remain in full force and effect in all
other respects, provided, however, if the general release of all claims in Section 4 is deemed to be invalid or unenforceable, Employee agrees to enter into a valid general release of all claims against the Released Parties that is
drafted by and satisfactory to Company. Further, if a court should determine that any portion of this Agreement is overbroad or unreasonable, such provision shall be given effect to the maximum extent possible by narrowing or enforcing in part that
aspect of the provision found to be overbroad or unreasonable. 
 16. Construction. This Agreement was negotiated
between the Parties and shall not be construed against any Party. 
 17. Governing Law. This Agreement shall be
governed and construed in accordance with the laws of Georgia, without reference to principles of conflicts of laws. 
 18.
Consultation with Attorney; Voluntary Release. Employee acknowledges that he has been advised to consult with an attorney and provided a fair and reasonable opportunity to do so before executing this Agreement. Employee further
acknowledges that he has carefully read and fully understands all of the provisions of this Agreement, and that he has executed it of his own free will, act and deed, without coercion, and with full knowledge of the nature and consequences thereof.

 19. Consideration Period. Employee acknowledges that he has been given the opportunity to consider this Agreement
for a period of twenty-one (21) days (the “Consideration Period”), which is a reasonable period of time. If Employee executes this Agreement prior to the expiration of the Consideration
Period, Employee will thereby waive the remainder of the Consideration Period. 
 20. Revocation Period. Employee has a
period of seven (7) calendar days following Employee’s execution of this Agreement in which to revoke this Agreement (the “Revocation Period”). For a revocation to be valid, Employee must deliver written notice that he has
revoked this Agreement to MiMedx Group, Inc., 1775 West Oak Commons Court, Marietta, GA 30062, Attention: Chief Human Resources Officer, by the expiration of the Revocation Period. If Employee revokes this Agreement as provided under this Section,
Company shall have no obligations under this Agreement, including making any payments described under Section 2. If Employee does not revoke this Agreement as provided under this Section, then this Agreement shall take effect on the eighth
(8th) day following Employee’s execution of this Agreement (the “Effective Date”). 

  
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 21. Knowing and Voluntary Waiver of Age Discrimination Claims. Employee
acknowledges that he enters this Agreement and waives any and all age discrimination claims under the Age Discrimination in Employment Act on a “knowing and voluntary” basis, as set forth in 29 U.S.C. § 626(f). 

22. Execution in Counterparts. This Agreement may be executed in two or more counterparts, which together shall
constitute one and the same instrument. 
 23. Electronic Copies. The Parties acknowledge and agree that an electronic
copy of this Agreement, executed by both Parties, shall constitute an original of same. 
 EMPLOYEE SWEARS THAT HE HAS CAREFULLY READ THE FOREGOING
AGREEMENT, THAT EMPLOYEE UNDERSTANDS COMPLETELY ITS CONTENTS, THAT EMPLOYEE UNDERSTANDS THE SIGNIFICANCE AND CONSEQUENCES OF SIGNING IT, AND THAT EMPLOYEE HAS HAD A FULL AND FAIR OPPORTUNITY TO HAVE AN ATTORNEY EXPLAIN ALL OF ITS CONTENTS AND
RAMIFICATIONS. 
 HAVING ELECTED TO EXECUTE THIS AGREEMENT, TO FULFILL THE PROMISES SET FORTH HEREIN, AND TO RECEIVE THEREBY THE PAYMENTS AND OTHER
BENEFITS SET FORTH IN THIS AGREEMENT, EMPLOYEE FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS THAT EMPLOYEE HAS OR MIGHT HAVE AGAINST COMPANY. 

IN WITNESS WHEREOF, Employee and Company knowingly and voluntarily executed this Agreement as of the date(s) set forth below: 

 

									
	For Employee:	 		 		 		 	                  
					
	 /s/ Timothy R. Wright
	 		 	Dated:	 	 9/15/2022
	 	
	Timothy R. Wright	 		 		 		 	
					
	for himself and his heirs, estate, representatives,
successors, assigns, and agents	 		 		 		 	
					
	For MiMedx Group, Inc.:	 		 	Dated:	 	 9/15/2022
	 	
					
	 /s/ James L. Bierman
	 		 		 		 	
	(Signature)	 		 		 		 	
					
	 James L. Bierman
	 		 		 	 Director
	 	
	(Print Name)	 		 		 	(Title)	 	

  
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P-RID-VIB-W(6/22) 1  PRUCO LIFE INSURANCE COMPANY, PHOENIX, ARIZONA      INDEX LINKED VARIABLE INCOME BENEFIT RIDER    This Rider is made a part of your Annuity.  For purposes of this Rider, certain provisions of your Annuity  are amended as described below.  If the terms of the Annuity and those of this Rider conflict, the  provisions of this Rider shall control.  Should this Rider terminate, any amended or replaced Annuity  provisions based on this Rider’s terms will revert to the provisions in the Annuity, except as may be  provided below.  This Rider should be read in conjunction with any other Rider or Endorsement made a  part of your Annuity.       General:  Subject to the limits and conditions outlined in this Rider, during the Income Stage, while there is  Account Value you may take an Annual Income Amount as one or multiple Income Withdrawals for each  Annuity Year. Such Income Withdrawals may be based on the lifetime of a Protected Life or Joint  Protected Lives (described below) as designated by you.  You may change the designation on which  Income Withdrawals are based before the Income Effective Date.  You may not change this designation  after the Income Effective Date.  Generally, if your Account Value is reduced to zero and you meet certain  requirements while this Rider is in effect, we continue to provide benefit payments as described in the  “Insured Income Stage ” section.      This Rider will terminate upon assignment or change in ownership of the contract unless the  change meets the qualifications specified in the Termination provision of this Rider.  This Rider  will terminate upon the later of the death of the Protected Life or the Joint Protected Life as  described below.      During the Income Stage and prior to elective or default annuitization or before the Insured  Income Stage begins, all benefits provided by this Rider are based on the Index Credits applied to  your Index Strategy(ies) and, therefore, not guaranteed as to a fixed dollar amount.    Effective Date:  The Effective Date of this Rider is shown in the Schedule Supplement.     Definitions:  For purposes of this Rider, the following definitions apply:    Annual Income Amount: During the Income Stage, the amount that can be withdrawn from your  Annuity during an Annuity Year without being considered Excess Income.    Excess Income: During the Income Stage, Excess Income is all or any portion of an Income  Withdrawal that exceeds the Annual Income Amount, including any applicable Contingent  Deferred Sales Charge, in an Annuity Year.      Income Deferral Rate:  During the Savings Stage, the Income Deferral Rate is an annual  percentage added to the Income Percentage each year until the Income Effective Date.  The  Income Deferral Rate is based on the age of the Protected Life or the younger of the Joint  Protected Lives on the Index Effective Date and does not change for the life of the Contract. The  Income Deferral Rate is shown on the Schedule Supplement.    Income Effective Date: The date on which you elect to begin taking Income Withdrawals on a  Protected Life or Joint Protected Life basis.  This election may not be changed after the Income  Effective Date.     Income Percentage: The Income Percentage is the rate we apply to the Account Value on the  Income Effective Date.   The initial Income Percentage is based on the age of the Protected Life,  or the younger of the Joint Protected Lives on the Effective Date. Protected Life and Joint  Protected Lives Income Percentages are shown in the Schedule Supplement.  Prior to the Income  Effective Date, the Income Percentage includes any applicable Income Deferral Rate credits.    If  the Joint Protected Life has been added, changed, or removed before the Income Effective Date,   the Annual Income Amount will be based on the applicable Income Percentage(s) and Income  Deferral Rate based on the  younger of the Protected Life or Joint Protected Lives as of the  Effective Date .  

 

P-RID-VIB-W(6/22) 2    Income Withdrawals:  Withdrawal(s) from the Annuity during the Income Stage.  Income  Withdrawals will be taken on a pro-rata basis from the Allocation Options to which your Account  Value is then allocated.    Protected Life/Joint Protected Life:  The natural person(s) who is the measuring life/lives for the  benefits described in this Rider and who is the person(s) shown in the Schedule Supplement or in  our records if later added or removed.  Any reference to Joint Protected Lives is collectively  referring to the Protected Life and the Joint Protected Life.    Other capitalized terms in this Rider are either defined in this Rider or in the Annuity.    Owner, Annuitant and Beneficiary Designations    For purposes of this Rider, the designations under your Annuity must be as follows:    For Income Withdrawals to begin on a Protected Life basis:    • The Owner and Annuitant must be the same.  Such person will be the Protected Life.      • If two Owners are named, the Annuitant must be one of the Owners.  Such person will be  the Protected Life.  The other Owner must be the spouse of the Protected Life. No  additional Owners may be named.  While both Owners are alive, each Owner must be  designated as the other Owner’s primary Beneficiary.    • If the Owner is an entity other than a custodial account that we permit, the Annuitant will  be the Protected Life.     • If the Owner is a custodial account that we permit, the Annuitant will be the Protected Life  and the custodian will be the sole primary Beneficiary.     For Income Withdrawals to begin on a Joint Protected Lives basis:    A Joint Protected Life may only be named and Income Withdrawals may be made on a Joint  Protected Lives basis only if the Annuity would be eligible for Spousal Continuation (as defined in  the Annuity) as of the date of the Owner’s death, subject to our rules.    • If one Owner is named, the Owner and Annuitant must be the same.  Such person will be  the Protected Life.  The Joint Protected Life must be the spouse of the Protected Life and  the sole primary Beneficiary.     • If two Owners are named, the Annuitant must be one of the Owners.  Such person will be  the Protected Life. The Joint Protected Life must also be an Owner and the spouse of the  Protected Life. No additional Owners may be named.  While both Joint Protected Lives  are alive, each must be designated as the sole primary Beneficiary.    • If the Owner is an entity other than a custodial account that we permit, the Annuitant will  be the Protected Life.  The Joint Protected Life must be the spouse of the Protected Life  and the sole primary Beneficiary.     • If the Owner is a custodial account that we permit, the Annuitant will be the Protected Life  and the custodian will be the sole primary Beneficiary.  The Joint Protective Life must be  the spouse of the Protected Life and the sole primary Beneficiary of the custodial  account.     A Joint Protected Life may be named or changed at any time prior to the Income Effective Date,  subject to our acceptance. The Protected Life cannot be changed except in the event of divorce  as described in the circumstances below.  Upon receipt of notice of the divorce, and any other  documentation we require, in Good Order at our Service Office:      

 

P-RID-VIB-W(6/22) 3  • When a Protected Life is named: If the divorce occurs prior to the Income Effective Date  and results in the removal of the Protected Life as an Owner (or Annuitant if entity  owned) and the former spouse becomes the Owner (or Annuitant if entity owned) under  the Annuity, the resulting Owner may choose to continue or terminate this Rider. If this  Rider is continued, such resulting Owner (or Annuitant if entity owned) becomes the  Protected Life under this Rider, however the Annual Income Amount will be determined  using the applicable Joint Protected Life Income Percentage(s) and Income Deferral  Rate based on the younger of the new Protected Life and the Protected Life on the  Effective Date.  Additionally, a Joint Protected Life may not be named. If divorce occurs  after the Income Effective Date, and results in the removal of the Protected Life as an  Owner (or Annuitant if entity owned) and the former spouse becomes the Owner (or  Annuitant if entity owned) under the Annuity, this Rider will terminate.    • When Joint Protected Lives are named: If the divorce of the Joint Protected Lives  results in the removal of the Protected Life as an Owner (or Annuitant if entity owned)  and the Joint Protected Life becomes the Owner (or Annuitant if entity owned) under  this Annuity, the resulting Owner may choose to continue or terminate this Rider.  If this  Rider is continued, the resulting Owner (or Annuitant if entity owned) becomes the  Protected Life under this Rider.  If this occurs prior to the Income Effective Date, the  Annual Income Amount will be determined using the applicable Joint Protected Life  Income Percentage(s) and Income Deferral Rate based on the younger of the Joint  Protected Lives named under this Rider as of the divorce.  If divorce occurs after the  Income Effective Date, the divorce will not result in a new Annual Income Amount and  we will only make Income Payments as described below in the Income Payments  section until the death of the new Protected Life.  A new Joint Protected Life may not be  named.     Savings Stage    The Savings Stage is the period of time before the Income Effective Date.  During the Savings Stage, you  may allocate your Account Value among any of the Index Strategies, Variable Sub-Account(s) or other  Allocation Options we make available. You must remain in the Savings Stage for at least the Waiting  Period shown in the Schedule Supplement.  During the Savings Stage, the Income Deferral Rate is  added to the Income Percentage each year until the Income Effective Date.    Impact of Withdrawals During the Savings Stage:  In addition to the impact on the Index Strategy  Base described in the Annuity, withdrawals of any type, including any Required Minimum Distribution  amount we calculate, described below, reduce the Account Value by the amount of the withdrawal.   Withdrawals, excluding any Required Minimum Distribution amount are subject to any applicable  Contingent Deferred Sales Charge and the Minimum Surrender Value After a Partial Withdrawal shown in  the Annuity Schedule.    Death of the Protected Life During the Savings Stage: Please also refer to the “Termination of  Benefits” section below.  Upon receipt of Due Proof of Death of the Protected Life, this Rider terminates  and the Death Benefit provision of your Annuity and any Death Benefit Rider made a part of your Annuity  will apply.  If Spousal Continuation occurs under the terms of the Annuity, this Rider will remain in force  unless we are instructed otherwise and the spouse who continues the Annuity and this Rider becomes  the Joint Protected Life. If this occurs, the Income Percentage and Income Deferral Rate will be based on  the applicable Joint Protected Life correlated with the age of the younger of the Joint Protected Lives.    Death of the Joint Protected Life During the Savings Stage: Please also refer to the “Termination of  Benefits” section below.  This Rider will remain in force unless we are instructed otherwise or if the death  of the Joint Protected Life would cause the Death Benefit provision of the Annuity to apply and Spousal  Continuation does not occur under the terms of the Annuity.   The Income Percentage and Income  Deferral Rate will continue to be based on the applicable Joint Protected Life correlated with the age of  the younger of the Joint Protected Lives and no changes to the Joint Protected Lives are permitted.             

 

P-RID-VIB-W(6/22) 4  Income Stage    The Income Stage is the time period beginning on the Income Effective Date and ending on the Valuation  Day the Insured Income Stage begins.  You may only establish your Income Effective Date on an Index  Anniversary following the Waiting Period.  Upon establishing an Income Effective Date, you must elect to  take your Annual Income Amount based on the Protected Life or the Joint Protected Lives in effect when  we receive your request to do so in Good Order.  You may change the designation on which Income  Withdrawals are based before the Income Effective Date, subject to the requirements set forth in the  Owner, Annuitant and Beneficiary Designation sections of this Rider.  You may not change this  designation after the Income Effective Date.    Allocation Option Requirements:  During the Income Stage, your entire Account Value must be  allocated to only those Allocation Options we permit.  We will notify you in writing of the permitted  Allocation Options prior to any Index Anniversary Date following the Waiting Period.  At any time until this  Rider is terminated, these Allocation Option Requirements may be suspended or changed.  This includes  changing allowable Allocation Options.  Any change to Allocation Option Requirements will be applicable  as of your next Index Anniversary Date.    Annual Income Amount: During the Income Stage, the Annual Income Amount is the amount that can  be withdrawn from your Annuity during an Annuity Year without being considered Excess Income. The  initial Annual Income Amount is calculated on the Income Effective Date by applying the applicable  Income Percentage plus Income Deferral Rate credits to the Account Value on that Valuation Day.  On  each subsequent Index Anniversary Date thereafter, we will recalculate your Annual Income Amount  based on the Index Credit applied to the Index Strategy(ies) to which you are allocated. This recalculation  may result in a higher or lower Annual Income Amount.  If you select multiple Index Strategies, we will  use a weighted average return based on the Index Credits attributable to each Index Strategy to  determine the AIA increase or decrease. To determine the change in the AIA, we take the sum of the  Index Credit for each Index Strategy divided by the sum of the Index Strategy Base for each Index  Strategy before any Index Credit, fees, or withdrawals on the Index Strategy End Date.    Impact of Income Withdrawals:  In addition to the impact on the Index Strategy Base described in the  Annuity, Income Withdrawals reduce the Annual Income Amount available during an Annuity Year by the  amount of the withdrawal.  Income Withdrawals during an Annuity Year that, in total, do not exceed the  greater of the Annual Income Amount and the free withdrawal amount are not subject to any Contingent  Deferred Sales Charges.  Any Annual Income Amount not taken in an Annuity Year will not be available  in future Annuity Years.    If you establish a systematic withdrawal program to make withdrawals of the Annual Income Amount, we  will automatically increase or decrease the withdrawal amounts each year as the Annual Income Amount  is recalculated.    Excess Income: Each withdrawal of Excess Income, including any applicable Contingent Deferred Sales  Charge, proportionally reduces the Annual Income Amount for future years. Each proportional reduction  is calculated by multiplying the Annual Income Amount by the ratio of Excess Income to the Account  Value immediately after the withdrawal of any Annual Income Amount and before the withdrawal of the  Excess Income. A withdrawal of Excess Income that brings your Account Value to zero, will result in  termination of this Rider and the Annuity. See the “Termination of Benefits” section below for more  information.    Required Minimum Distributions:  After the Income Effective Date, a Required Minimum Distribution is  considered an Income Withdrawal from the Annuity.  The following rules apply regarding Required  Minimum Distribution withdrawals:    If withdrawals for the amount of your Required Minimum Distribution are paid out through a program of  systematic withdrawals that we make available, such withdrawals will not be considered Excess Income  during the Income Stage even if the amount of your Required Minimum Distribution exceeds the available  Annual Income Amount.  Under the systematic withdrawal program, we will pay out the greater of your  Required Minimum Distribution as of the end of the prior calendar year and your Annual Income Amount  as of the prior Index Anniversary Date.  You may elect to have your Required Minimum Distribution paid  out monthly, quarterly, semi-annually or annually.  The frequency cannot be changed.  

 

P-RID-VIB-W(6/22) 5    For purposes of this provision, Required Minimum Distributions are determined based on the value of this  Annuity, and do not include the value of any other annuities, savings or investments subject to the  Required Minimum Distribution rules.  Any additional withdrawals, if any, will be treated as Excess  Income.    In any year in which the requirement to take Required Minimum Distributions is suspended by law, we  reserve the right, regardless of any position taken on this issue in a prior year, to treat any amount that  would have been considered as a Required Minimum Distribution, if not for the suspension, as eligible for  treatment under this provision.    Death of the Protected Life During the Income Stage: Please also refer to the “Termination of  Benefits” section below.  Upon receipt of Due Proof of Death of the sole Protected Life, this Rider  terminates and the Death Benefit provision of your Annuity and any Death Benefit Rider made a part of  your Annuity will apply.      Death of the Joint Protected Life During the Income Stage: Please also refer to the “Termination of  Benefits” section below.  This Rider will remain in force unless we are instructed otherwise or if the death  of the Joint Protected Life would cause the Death Benefit provision of the Annuity to apply and Spousal  Continuation does not occur under the terms of the Annuity.  The Annual Income Amount will continue to  be based on the applicable Joint Protected Life Income Percentage correlated with the age of the  younger of the Joint Protected Lives and no changes to the Joint Protected Lives are permitted.    Impact of Additional Death Benefit: Upon Spousal Continuation during the Income Stage, any portion  of a Death Benefit that exceeds the Account Value will be allocated to the Holding Account.  The spouse  who continues the Annuity must transfer available Account Value in the Holding Account to a new Index  Strategy on the next Index Anniversary Date.  If no instructions are received prior to the next Index  Anniversary Date, we will allocate any remaining Account Value in the Holding Account proportionally to  the Index Strategies to which your Account Value is then allocated.     Elective Annuitization    While this Rider is in effect, prior to your Account Value reaching zero, but not before the Earliest  Available Annuity Date shown in the Annuity Schedule, you may elect to annuitize your Annuity.  You can  elect to:    (1) apply your Account Value, less any applicable Tax Charges, to any annuity payment option  available in the “Annuity Payout Options” section of the Annuity or any other Annuity Option we  make available; or    (2) request that, as of the date annuity payments are to begin, we make annuity payments each year  equal to the Annual Income Amount on that date at the frequency selected.  In the year in which  the Elective Annuitization stage is entered the only payment due, if any, equals the Annual  Income Amount not yet withdrawn in that Annuity Year.  Annuity payments will be paid to you at  the frequency selected beginning on the next Valuation Day. We will continue to make such  payments until the later of the death of the Protected Life or the Joint Protected Life.  The amount  of the annuity payments will not change after annuity payments have begun and you will no  longer have access to your Account Value.     We must receive your request at our Service Office in Good Order.  Once we receive your election to  commence annuity payments, or we make the first payment under a default annuity payment option  provision, we will only make annuity payments guaranteed under the specific annuity payment option, and  the annuity payment option cannot be changed.    We may limit the length of any annuity payout option including, but not limited to, any default option and  any period certain, to conform to applicable tax rules.    

 

P-RID-VIB-W(6/22) 6  We may offer other Annuity options for payment of the Annual Income Amount.  Any such additional  options will be offered to all annuity purchasers in the same class of annuity, in a non-discriminatory  manner. You will be notified of any such options available to you.    Default Annuitization    Prior to your Account Value reaching zero, if annuity payments are to begin under the terms of the  Annuity , we will make equal monthly annuity payments beginning on the 1st day of the month on or  immediately following the date that your annuity payments are set to begin as:    • a joint life and last survivor fixed annuity when both Joint Protected Lives are living and each  other’s spouse on the date annuity payments begin, or     • a single life fixed annuity if the Protected Life is living or only one of the Joint Protected Lives are  living when annuity payments would otherwise begin      with 120 payments certain (or a lesser number of payments certain if the life expectancy of the Annuitant  at the time payments are to begin is less than 10 years, based on applicable Internal Revenue Service  tables) using the same basis that is used to calculate the greater of the annuity rates then currently  available or the annuity rates guaranteed in the Annuity.    The amount that will be applied to provide such annuity payments under the default annuity payment  option will be the greater of:    (1) the present value of future applicable Annual Income Amount payments at the last determined  Annual Income Amount as of the Annuity Date.  Such present value will be calculated using the  same basis that is used to calculate the greater of the current and the guaranteed annuity rates in  the Annuity; and    (2) the Account Value.      We may limit the length of any annuity payout option including, but not limited to, any default option and  any period certain, to conform to applicable tax rules.    We may offer other Annuity options for payment of the Annual Income Amount.  Any such additional  options will be offered to all annuity purchasers in the same class of annuity, in a non-discriminatory  manner. You will be notified of any such options available to you.    Insured Income Stage    Once your Account Value is reduced to zero as a result of Withdrawals in any Annuity Year that are less  than or equal to the Annual Income Amount, we subsequently make Insured Income Stage payments  until the death of the Protected Life or until both Joint Protected Lives have died, as applicable.  Unless a  Joint Protected Life election is in effect at the time your Account Value is reduced to zero, the Annual  Income Amount is payable on a Protected Life basis.  In the Annuity Year in which your Account Value is  reduced to zero, the only remaining Insured Income Stage payment due, if any, equals the Annual  Income Amount not yet withdrawn in that Annuity Year.  In subsequent Annuity Years, the Insured  Income Stage payment equals the Annual Income Amount in effect as of the date the Account Value was  reduced to zero.    We will make such Insured Income Stage payments according to any then current instructions for  withdrawals of the Annual Income Amount, unless we receive other instructions for such Insured Income  Stage payments from you.  If no instructions are received and there are no current instructions for  withdrawals of the Annual Income Amount, Insured Income Stage payments will be paid to you in equal  monthly payments beginning on the 1st day of the month on or immediately following the date that your  Insured Income Stage payments are set to begin.     If the total Insured Income Stage payment due each Annuity Year is less than the Minimum Benefit  Payment amount shown in the Schedule Supplement, we reserve the right to make Insured Income Stage  

 

P-RID-VIB-W(6/22) 7  payments at a different interval, and such payments will be made at least annually.  Alternatively, prior to  the first Income Stage payment, you may elect to commute the Insured Income Stage payments in a  manner equivalent to commuting payments for:    • a joint life and last survivor fixed annuity when both Joint Protected Lives are living and each  other’s spouse when Insured Income Stage payments would otherwise begin, or     • a single life fixed annuity if the Protected Life is living or only one of the Joint Protected Lives are  living when Insured Income Stage payments would otherwise begin.      We use the same basis that is used to calculate the guaranteed annuity rates in the Annuity.    Insured Income Stage payments end on the date of death of the Protected Life or when both Joint  Protected Lives have died, as applicable.    We may offer other Insured Income Stage payment options. Any such additional options will be offered to  all annuity purchasers in the same class of annuity, in a non-discriminatory manner. You will be notified of  any such options available to you.    CUMULATIVE INCOME MINIMUM CALCULATION    If you have not elected to receive Annuity Payments, you may be eligible for a one-time calculation of a  Cumulative Income Minimum payment when the youngest of the Annuitants reaches the age of 95.  To  determine whether an amount is payable, we review the following:    A. The Purchase Payment as shown on the Annuity Schedule, adjusted for Withdrawals  during the Savings Stage and proportionally reduced by any Excess Withdrawal; and    B. The total Annual Income Amount available for Withdrawal in the Income Stage  (regardless of whether it is withdrawn or not); and    C. The total amount of Insured Income Stage payments made during the Insured Income  Stage; and    D. Any remaining Account Value.  If B+C+D is less than A, the difference represents the Cumulative Income Minimum payment amount.   This payment, if applicable, does not impact or interrupt your ability to take, or continue taking, Income  Withdrawals nor does it impact your ability to exercise the Annuity Payment options.  This payment, if  any, is not considered when determining Excess Withdrawals.    General Provisions Relating to this Rider    Misstatement of Age or Sex:  For purposes of this Rider, the following sentence is added to the  “Misstatement of Age or Sex” section of the Annuity:    If there has been a misstatement of the age and/or sex of a Protected Life or Joint Protected Life  upon whose life the guarantees under this Rider are based, we will make adjustments to any  availability and any benefits payable under this Rider to conform to the facts.    Minimum Surrender Value After Partial Withdrawal:  Any provision in the Annuity requiring there be a  minimum Surrender Value or Account Value is waived for withdrawals of the Annual Income Amount  while this Rider is in effect.    Reports to You:  We will provide you with reports at least annually that will include at a minimum, the Annual  Income Amount as of the date of the report.    Charge for the Rider:  The Charge for this Rider is shown on the Schedule Supplement.  The Charge is  a percentage of the Account Value.  We deduct the charge from the Account Value on the anniversary of  

 

P-RID-VIB-W(6/22) 8  the Effective Date.  We deduct the Charge pro-rata from each Allocation Option to which your Account  Value is then allocated.  We will take the Charge first pro-rata from the Variable Sub-Accounts in which  your Account Value is allocated.  Once the Account Value in all Variable Sub-Accounts has been  depleted, we will deduct any remaining Charge pro-rata from the Index Strategy(ies) in which you have  Account Value allocated.  In the event this Rider terminates for any reason other than death, we will  deduct a final charge upon termination, based on the number of days in the Annuity Year since the most  recent charge for the Rider was deducted.     Facility of Payment: We reserve the right, in settlement of full liability, to make payments to a guardian,  relative, or other person deemed eligible by us if a Protected Life payee is deemed to be legally  incompetent, as permitted by law.    Proof of Survival:  Any Insured Income Stage payment is subject to evidence we receive in Good Order  that the Protected Life, or at least one of the Joint Protected Lives is then alive.  We may withhold such  Insured Income Stage payments until we receive such evidence or evidence satisfactory to us of the life  of the Protected Life or at least one of the Joint Protected Lives.  We credit interest on such withheld  Insured Income Stage payments at the rate required by law.  Should we subsequently determine withheld  Insured Income Stage payments are payable, we will pay the withheld Insured Income Stage payments  and any applicable interest credited in a lump sum.    Recovery of Excess Insured Income Stage payments:  We may recover from you or your estate any  Insured Income Stage payments made after the death of the Protected Life or the Joint Protected Life that  would have otherwise resulted in the termination of this Rider.    Termination of this Rider and its Benefits:  You may terminate this Rider at any time after the Waiting  Period shown in the Schedule Supplement, upon notification to us in Good Order. Benefits pursuant to  this Rider will terminate upon the first to occur of the following events:    (1) the date we receive your request for full surrender of the Annuity, or we receive your elective  termination of this Rider after the Waiting Period at our Service Office in Good Order;    (2) the date we receive Due Proof of Death of the decedent if the Income Effective Date has not  been established, unless Spousal Continuation occurs;    (3) the date we receive Due Proof of Death of the Protected Life after the Income Effective Date if  Income Withdrawals have begun or will begin on a Protected Life basis;    (4) the date we receive Due Proof of Death of the surviving Joint Protected Life if the Rider was  spousally continued;    (5) the date we receive Due Proof of Death of an Owner who is not a Protected Life or Joint  Protected Life;    (6) the date we process a request to change any designation of the Annuity that either results in a  violation of the “Owner, Annuitant and Beneficiary Designations” section of this Rider or the  Annuity, or is a change that is not permitted under our rules then in effect;      (7) the date you first allocate or transfer any portion of your Account Value to any Allocation Options  to which you are not permitted at the time of the allocation or transfer;    (8) the date any portion of your Account Value is transferred to begin annuity payments;    (9)  the date the Account Value is reduced to zero as a result of withdrawals of Excess Income;    (10) the date of death of the Protected Life if it occurs after Insured Income Stage payments have  begun on a Protected Life basis;           

 

P-RID-VIB-W(6/22) 9            (11) the date of death of the last surviving Joint Protected Life if it occurs after Insured Income Stage  payments have begun on a Joint Protected Life basis.      PRUCO LIFE INSURANCE COMPANY      [_____________________________]  Secretary

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