Common use of Supervision by the Company Clause in Contracts

Supervision by the Company. PLIC acknowledges that (a) the Board of Directors and officers of PLA are vested with the power, authority, and responsibility for managing the business and affairs of PLA, and (b) any and all actions taken or advice or services provided pursuant to this Agreement by PLIC are subject to the continuous supervision and approval of the Board of Directors and the officers of PLA.

Appears in 6 contracts

Samples: Services Agreement (Separate Account a of Pacific Life & Annuity Co), Services Agreement (Separate Account a of Pacific Life & Annuity Co), Services Agreement (Pacific Select Exec Separate Account of Pacific Life & Annui)

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Supervision by the Company. PLIC acknowledges that (a) the Board of Directors and officers of PLA PL&A are vested with the power, authority, and responsibility for managing the business and affairs of PLAPL&A, and (b) any and all actions taken or advice or services provided pursuant to this Agreement by PLIC are subject to the continuous supervision and approval of the Board of Directors and the officers of PLA.PL&A.

Appears in 1 contract

Samples: Services Agreement (Pacific Select Exec Separate Acct of Pm Gp Life Insurance Co)

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