Common use of Discretionary Authority Clause in Contracts

Discretionary Authority. BROKERAGE - ING-IM shall have full and complete discretion to establish brokerage accounts in the name of the Client and execute transactions in securities markets in the name of the Client, pursuant to proper authorization from the Client, through one or more securities broker/dealer firms as ING-IM may select, including those which from time to time may furnish to ING-IM statistical and investment research information and other services. The Client accepts the Statement of Policy on Brokerage Practices which is attached to this Agreement as EXHIBIT "B" and incorporated herein by reference. This policy may be modified by ING-IM in consultation with the Client.

Appears in 18 contracts

Samples: Asset Management Agreement (Separate Account B of Golden American Life Insurance Co), Asset Management Agreement (Separate Account B of Golden American Life Insurance Co), Asset Management Agreement (Separate Account B of Golden American Life Insurance Co)

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Discretionary Authority. BROKERAGE - ING-IM shall have full and complete discretion to establish brokerage accounts in the name of the Client and execute transactions in securities markets in the name of the Client, pursuant to proper authorization from the Client, through one or more securities broker/dealer firms as ING-IM may select, including those which from time to time may furnish to ING-IM statistical and investment research information and other services. The Client accepts the Statement of Policy on Brokerage Practices which is attached to this Agreement as EXHIBIT "B" and incorporated herein by reference". This policy may be modified by ING-IM in consultation with the Client.

Appears in 4 contracts

Samples: Asset Management Agreement (Separate Account Ny-B of First Golden Amer Life Ins Co of Ny), Asset Management Agreement (Reliastar Life Insurance Co of New York), Asset Management Agreement (First Golden American Life Insurance Co of New York)

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