Disregard of Owner Voting. If a material irreconcilable conflict arises because of Company's decision to disregard Owner voting instructions and that decision represents a minority position or would preclude a majority vote, Company may be required, at the applicable Fund's election, to withdraw the Account's investment in said Fund. No charge or penalty will be imposed against the Account as a result of such withdrawal.
Appears in 20 contracts
Samples: Fund Participation Agreement (Northbrook Variable Annuity Account Ii), Participation Agreement (Il Annuity & Insurance Co Separate Account 1), Fund Participation Agreement (Galic of New York Separate Account I)
Disregard of Owner Voting. If a material irreconcilable conflict arises because of Company's decision to disregard Owner voting instructions and that decision represents a minority position or would preclude a majority vote, Company may be required, at the applicable Fund's election, to 10 withdraw the Account's investment in said Fund. No charge or penalty will be imposed against the Account as a result of such withdrawal.
Appears in 3 contracts
Samples: Participation Agreement (Timothy Plan), Participation Agreement (Annuity Investors Variable Account B), Participation Agreement (Annuity Investors Variable Account B)
Disregard of Owner Voting. If a material irreconcilable conflict ------------------------- arises because of Company's decision to disregard Owner voting instructions and that decision represents a minority position or would preclude a majority vote, Company may be required, at the applicable Fund's election, to withdraw the Account's investment in said Fund. No charge or penalty will be imposed against the Account as a result of such withdrawal.
Appears in 2 contracts
Samples: Participation Agreement (Titanium Annuity Variable Account), Participation Agreement (Titanium Universal Life Variable Account)
Disregard of Owner Voting. If a material irreconcilable conflict arises because of Company's decision to disregard Owner voting instructions and that decision represents a minority position or would preclude a majority vote, Company may be required, at the applicable Fund's election, to withdraw the an Account's investment in said Fund. No charge or penalty will be imposed against the Account as a result of such withdrawal.
Appears in 1 contract
Samples: Participation Agreement (Provident Mutual Variable Annuity Separate Account)
Disregard of Owner Voting. If a material irreconcilable conflict arises because of Company's decision to disregard Owner voting instructions and that decision represents a minority position or would preclude a majority vote, Company may be required, at the applicable Fund's election, to withdraw the Account's investment in said the Fund. No charge or penalty will be imposed against the Account as a result of such withdrawal.
Appears in 1 contract
Samples: Participation Agreement (Providian Life & Health Insurance Co Separate Account V)
Disregard of Owner Voting. If a material irreconcilable conflict arises because of Company's ’s decision to disregard Owner voting instructions and that decision represents a minority position or would preclude a majority vote, Company may be required, at the applicable Fund's ’s election, to withdraw the Account's ’s investment in said the Fund. No charge or penalty will be imposed against the Account as a result of such withdrawal.
Appears in 1 contract
Samples: Participation Agreement (TFLIC Separate Account VNY)
