Common use of VOTING OF FUND SHARES Clause in Contracts

VOTING OF FUND SHARES. 7.1 Fund shall provide Insurance Company with copies at no cost to Insurance Company, of the Fund's proxy material, reports to shareholders and other communications to shareholders in such quantity as Insurance Company shall reasonably require for distributing to Contractholders or Participants. In connection with a proxy solicitation, Insurance Company shall bear only the cost of mailing proxy materials to the Contractholders and Participants. Insurance Company shall: (a) solicit voting instructions from Contractholders or Participants on a timely basis and in accordance with applicable law; (b) vote the Series shares in accordance with instructions received from Contractholders or Participants; and (c) vote Series shares for which no instructions have been received in the same proportion as Series shares for which instructions have been received. Insurance Company agrees at all times to vote its General Account shares in the same proportion as Series shares for which instructions have been received from Contractholders or Participants. Insurance Company further agrees to be responsible for assuring that voting Series shares for the Separate Account is conducted in a manner consistent with other Participating Companies.

Appears in 3 contracts

Samples: Fund Participation Agreement (Country Investors Variable Annunity Account), Fund Participation Agreement (Country Investors Variable Life Account), Fund Participation Agreement (Country Investors Variable Annunity Account)

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VOTING OF FUND SHARES. 7.1 Fund shall provide Insurance Company with copies at no cost copies, subject to Insurance CompanyArticle V of this Agreement, of the Fund's proxy materialsolicitation materials, reports to shareholders and other communications to shareholders in a timely manner and in such quantity as Insurance Company shall reasonably require for distributing to Contractholders or Participants. In connection with a proxy solicitation, Insurance Company shall bear only the cost of mailing proxy materials to the Contractholders and Participants. Insurance Company shall: (a) solicit voting instructions from Contractholders or Participants on a timely basis and in accordance with applicable law; (b) vote the Series shares in accordance with instructions received from Contractholders or Participants; and (c) vote Series shares for which no instructions have been received in the same proportion as Series shares for which instructions have been received. Insurance Company agrees at all times to vote its General Account shares in the same proportion as Series shares for which instructions have been received from Contractholders or Participants. Insurance Company further agrees to be responsible for assuring that voting Series Fund shares for the Separate Account is conducted in a manner consistent with other Participating Companies. 7.2 Except to the extent otherwise prohibited or required by applicable federal or state law,

Appears in 1 contract

Samples: Fund Participation Agreement (Variable Annuity Life Insurance Co Separate Account A)

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VOTING OF FUND SHARES. 7.1 Fund shall provide Insurance Company in a timely fashion, with copies at no cost to Insurance Company, of the Fund's proxy material, reports to shareholders and other communications to shareholders in such quantity as Insurance Company shall reasonably require for distributing to Contractholders or Participants. In connection with a proxy solicitationIf information is received timely, Insurance Company shall bear only the cost of mailing proxy materials to the Contractholders and Participants. Insurance Company shall: (a) solicit voting instructions from Contractholders or Participants on a timely basis and in accordance with applicable law; (b) vote the Series shares in accordance with instructions received from Contractholders or Participants; and (c) vote Series shares for which no instructions have been received in the same proportion as Series shares for which instructions have been received. Insurance Company agrees at all times to vote votes its General Account shares in the same proportion as Series shares for which instructions have been received from Contractholders or Participants. Insurance Company further agrees to be responsible for assuring that voting Series shares for the Separate Account is conducted in a manner consistent with other Participating Companies. If information is not received in a timely manner. Insurance Company will abstain from voting.

Appears in 1 contract

Samples: Fund Participation Agreement (Ge Capital Life Separate Account Ii)

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