Common use of RIGHTS RESERVED BY THE COMPANY Clause in Contracts

RIGHTS RESERVED BY THE COMPANY. The Company reserves the following rights to: 1) Reflect a change in the Separate Account or any Division thereunder; 2) Create new Separate Accounts; 3) Operate the Separate Account in any form permitted under the Investment Company Act of 1940 or in any other form permitted by law; 4) Transfer any assets in any Division in the Separate Account, or combine the Separate Account with another Separate Account; 5) Add, combine or remove Divisions in the Separate Account, or combine the Separate Account with another Separate Account; 6) Make any new Divisions available to the Owner on a basis to be determined by the company; 7) Substitute for the shares held in any Division the shares of another underlying fund or the shares of another investment company or any other investment permitted by law; 8) Make any changes as required by the Code or by any other applicable law, regulation or interpretation in order to continue treatment of this Contract as an annuity; 9) Make any changes to comply with the rules of any Fund.

RIGHTS RESERVED BY THE COMPANY. The Company reserves the following rights to: 1) Reflect a change in the Separate Account or any Division thereunder; 2) Create new Separate Accountsseparate accounts; 3) Operate the Separate Account in any form permitted under the Investment Company Act of 1940 or in any other form permitted by law; 4) Transfer any assets in any Division in the Separate Account, or combine the Separate Account with another Separate Accountseparate account; 5) Add, combine or remove Divisions in the Separate Account, or combine the Separate Account with another Separate Accountseparate account; 6) Make any new Divisions available to the Owner you on a basis to be determined by the company; 7) Substitute for the shares held in any Division the shares of another underlying fund or the shares of another investment company or any other investment permitted by law; 8) Make any changes as required by the Code or by any other applicable law, regulation or interpretation in order to continue treatment of this Contract as an annuity; 9) Make any changes to comply with the rules of any Fund.. ================================================================================ SECTION 9: EXPENSES ================================================================================

RIGHTS RESERVED BY THE COMPANY. The Company reserves the following rights to: 1) Reflect a change in the Separate Account or any Division thereunder; 2) Create new Separate Accounts; 3) Operate the Separate Account in any form permitted under the Investment Company Act of 1940 or in any other form permitted by law; 4) Transfer any assets in any Division in the Separate Account, or combine the Separate Account with another Separate Account; 5) Add, combine or remove Divisions in the Separate Account, or combine the Separate Account with another Separate Account; 6) Make any new Divisions available to the Owner on a basis to be determined by the company; 7) Substitute for the shares held in any Division the shares of another underlying fund or the shares of another investment company or any other investment permitted by law; 8) Make any changes as required by the Code or by any other applicable law, regulation or interpretation in order to continue treatment of this Contract as an annuity; 9) Make any changes to comply with the rules of any Fund.. ================================================================================ ARTICLE 9: EXPENSES ================================================================================