Common use of SUBSTITUTION AND CHANGE Clause in Contracts

SUBSTITUTION AND CHANGE. Pursuant to the authority of the Board of Trustees of the Company: - the assets of the Division may be invested in securities other than shares of the Portfolio(s) as a substitute for those shares already purchased or as the securities to be purchased in the future; - the provision of the contracts may be modified to comply with any other applicable federal or state laws. In the event of a substitution or change, the Company may make appropriate endorsement on this and other contracts having an interest in the Separate Account and take other actions as may be necessary to effect the substitution or change.

SUBSTITUTION AND CHANGE. Pursuant to the authority of the Board of Trustees of the Company: - • the assets of the a Division may be invested in securities other than shares of the Portfolio(s) Fund as a substitute for those shares already purchased or as the securities shares to be purchased in the future; - . • the provision provisions of the contracts contract may be modified changed to comply with any other applicable federal or state laws. In the event of a substitution or change, the Company may make appropriate endorsement on this and other contracts having an interest in the Separate Account and take such other actions as may be necessary to effect the substitution or change.

SUBSTITUTION AND CHANGE. Pursuant to the authority of the Board of Trustees of the Company: - o the assets of the a Division may be maybe invested in securities other than shares of the Portfolio(s) Fund as a substitute for those shares already purchased or as the securities shares to be purchased in the future; - . o the provision provisions of the contracts contract may be modified changed to comply with any other applicable federal or state laws. In the event of a substitution or change, the Company may make appropriate endorsement on this and other contracts having an interest in the Separate Account and take such other actions as may be necessary to effect the substitution or change.

SUBSTITUTION AND CHANGE. Pursuant to the authority of the Board of Trustees of the Company: - • the assets of the a Division may be invested in securities other than shares of the Portfolio(s) Fund as a substitute for (a) those shares already purchased or as the securities (b) shares to be purchased in the future; - . • the provision provisions of the contracts contract may be modified to comply with any other applicable federal or state laws. In the event of a substitution or change, the Company may make appropriate endorsement on this and other contracts having an interest in the Separate Account and take other actions as may be necessary to effect the substitution or change.

SUBSTITUTION AND CHANGE. Pursuant to the authority of the Board of Trustees of the Company: - the assets of the a Division may be maybe invested in securities other than shares of the Portfolio(s) Fund as a substitute for those shares already purchased or as the securities shares to be purchased in the future; . - the provision provisions of the contracts contract may be modified changed to comply with any other applicable federal or state laws. In the event of a substitution or change, the Company may make appropriate endorsement on this and other contracts having an interest in the Separate Account and take such other actions as may be necessary to effect the substitution or change.