Common use of Company Monitoring Requirements Clause in Contracts

Company Monitoring Requirements. The Company will monitor its operations and those of the Trust for the purpose of identifying any material irreconcilable conflicts or potential material irreconcilable conflicts between or among the interests of Participating Plans, Product Owners of variable life insurance policies and Product Owners of variable annuity contracts, it is being understood that the Company is assuming the obligation to monitor the operations of the Trust solely to comply with the explicit terms of the Exemptive Order and further, that such monitoring is for the sole purpose of identifying any conflicts that would affect its policyowners and would be limited to monitoring the operations of the Trust based on information provided to the Company by the Trust.

Company Monitoring Requirements. The Company will monitor its operations and those of the Trust for the purpose of identifying any material irreconcilable conflicts or potential material irreconcilable conflicts between or among the interests of Participating Plans, Product Owners of variable life insurance policies and Product Owners of variable annuity contracts, it is being understood that the Company is assuming the obligation to monitor the operations of the Trust as set forth in this Section 8.2 solely to comply with the explicit terms of the Exemptive SEC Order and further, that such monitoring is for the sole purpose of identifying any conflicts that would affect its policyowners Contract Owners and would be is limited to monitoring the operations of the Trust based on information provided the Trust provides to the Company by the Trustfor such purposes.