Common use of Advance Information Clause in Contracts

Advance Information. Vanguard will provide the Agent with reasonable notice of any revisions to the VVI Fund’s prospectus and/or SAI that Vanguard believes would affect the Agent’s performance of its duties and obligations pursuant to this Agreement. In addition, from time to time, the VVI Fund may implement policy changes that affect the Agent’s performance of recordkeeping for an Account. In order to allow the Agent a reasonable amount of time to make any necessary adjustment to its record-keeping systems, Vanguard, in its sole discretion, may communicate such policy changes to the Agent before transmitting this information to VVI Fund shareholders as a whole (“Advance Information”). The Agent shall treat all Advance Information as confidential pursuant to Section 12 of this Agreement and, prior to its being made public by Vanguard, shall use such information solely for systems adjustment purposes. The Agent shall communicate Advance Information to its own directors, officers and employees on a need to know basis, only. Under no circumstances shall the Agent communicate Advance Information to any Policy owners, or to anyone else except as expressly permitted in this Section 6(h) or with Vanguard’s prior written consent, until such information becomes publicly available.