Common use of Changes To Separate Account Clause in Contracts

Changes To Separate Account. The Company reserves the right, subject to compliance with applicable laws and regulations governing separate account operations, to: (a) create new Investment Funds at any time; (b) modify, combine or remove Investment Funds; (c) transfer assets the Company has determined to be associated with the class of contracts to which this Contract belongs from one Investment Fund to another Investment Fund; (d) create additional separate accounts or combine any two or more separate accounts including the Separate Account; (e) transfer assets the Company has determined to be attributable to the class of contracts to which this Contract belongs from the Separate Account to another separate account of the Company by withdrawing the same percentage of each investment in the Separate Account, with appropriate adjustments to avoid odd lots and fractions; (f) operate the Separate Account as a management investment company under the Investment Company Act of 1940, or in any other form permitted by law, and designate an investment advisor for its management, which may be the Company, an affiliate of the Company or another person; (g) cause the registration or deregistration of any of the Company’s separate accounts, including the Separate Account, under the Investment Company Act of 1940 and/or, cease to maintain their registration under the Securities Act of 1933 for sales of units of interest under this Contract; and (h) operate the Separate Account under the general supervision of a committee, any or all members of which may be interested persons (as defined in the Investment Company Act of 1940) of the Company or its affiliates, or discharge the committee for the Separate Account.

Changes To Separate Account. The Company reserves the right, subject to compliance with applicable laws and regulations governing separate account operations, to: (a) create new Investment Funds at any time; (b) modify, combine or remove Investment Funds; (c) transfer assets the Company has determined to be associated with the class of contracts to which this Contract belongs from one Investment Fund to another Investment Fund; (d) create additional separate accounts or combine any two or more separate accounts including the Separate Account; (e) transfer assets the Company has determined to be attributable to the class of contracts to which this Contract belongs from the Separate Account to another separate account of the Company by withdrawing the same percentage of each investment in the Separate Account, with appropriate adjustments to avoid odd lots and fractions; (f) operate the Separate Account as a management investment company under the Investment Company Act of 1940, or in any other form permitted by law, and designate an investment advisor for its management, which may be the Company, an affiliate of the Company or another person; (g) cause the registration or deregistration of any of the Company’s separate accounts, including the Separate Account, under the Investment Company Act of 1940 and/or1940, and/or cease to maintain their registration under the Securities Act of 1933 for sales of units of interest under this Contract; and (h) operate the Separate Account under the general supervision of a committee, any or all members of which may be interested persons (as defined in the Investment Company Act of 1940) of the Company or its affiliates, or discharge the committee for the Separate Account.