Common use of Voting Rights and Reports Clause in Contracts

Voting Rights and Reports. The Company will vote the shares of an Eligible Fund held in a Variable Sub-Account of the Investment Division of the Series Account. To the extent required by law, the Company will vote according to the instructions of the Group Policyholder in proportion to its interest in the Variable Sub-Account. In such event, the Company will send proxy materials and form(s) to the Group Policyholder for its reply. If no reply is received, the Company will vote shares of the appropriate Eligible Fund in the same proportion as shares of the Eligible Fund for which replies have been received. During the Annuity Payment Period under the Participant Annuity Account, the number of votes will decrease as the assets held to fund annuity payments decrease, the Payee will be entitled to receive the proxy materials and form(s) otherwise provided to the Group Policyholder, and all other provisions concerning Voting Rights will apply to the Payee of a Variable Dollar method of Payment Option. The Company will furnish the Group Policyholder or the Payee of a Variable Dollar Method of Payment Option copies of any shareholder reports of the Eligible Funds and of any other notices, reports or documents required by law to be furnished to either of them. Semi-annual reports of the Eligible Funds will be furnished as required by law to the Group Policyholder, who shall promptly deliver them to each Participant or Payee of a Variable Dollar Method of Payment Option. The Company will furnish the Group Policyholder not less frequently than annually a statement of each Participant's Participant Annuity Account Value, which the Group Policyholder will promptly deliver to the Participant. The Group Policyholder may direct the Company to deliver these reports and statements to the Participants. Notice and Proof Any notice or demand by the Company to or upon the Group Policyholder or any Payee may be given by mailing it to that person's last known address as stated in the Company's file. An application, report, request, election, direction, notice or demand by the Group Policyholder or Payee will be made in a form satisfactory to the Company. When the Company requires it, the Group Policyholder will obtain the signature of the Participant's or Xxxxx's spouse on forms provided by the Company. The Company may require adequate proof of the age and death of any Payee before it admits a claim for or pays any payment. Written materials developed by the Group Policyholder to describe this Group Annuity Contract must first be approved by the Company. PURCHASE PROVISIONS

Appears in 1 contract

Samples: Group Annuity Contract (Futurefunds Series Account of Great West Life & Ann Ins Co)

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Voting Rights and Reports. The Company will vote the shares of an Eligible Fund held in a Variable Sub-Account of the Investment Division of the Series Account. To the extent required by law, the Company will vote according to the instructions Instructions of the Group Policyholder Contractholder in proportion to its interest in the Variable Sub-Account. In such event, the Company will send proxy materials and form(s) to the Group Policyholder Contractholder for its reply. If no reply is received, the Company will vote shares of the appropriate Eligible Fund in the same same-proportion as shares of the Eligible Fund for which replies have been received. During the Annuity Payment Period under the Participant Annuity Account, the number of votes will decrease as the assets held to fund annuity payments decrease, the Payee will be entitled to receive the proxy materials and form(s) otherwise provided to the Group PolicyholderContractholder, and all other provisions concerning Voting Rights will apply to the Payee of a Variable Dollar method Method of Payment Option. The Company will furnish the Group Policyholder Contractholder or the Payee of a Variable Dollar Method of Payment Option copies of any shareholder reports of the Eligible Funds and of any other notices, reports or documents required by law to be furnished to either of them. Semi-annual reports of the Eligible Funds will be furnished as required by law to the Group PolicyholderContractholder, who shall promptly deliver them to each Participant or Payee of a Variable Dollar Method of Payment Option. The Company will furnish the Group Policyholder Contractholder not less frequently than annually a statement of statement, for each Participant's , of the Participant Annuity Account Value, which the Group Policyholder Contractholder will promptly deliver to the Participant. The Group Policyholder Contractholder may direct the Company to deliver these reports and statements to the Participants. Notice and Proof Any notice or demand by the Company to or upon the Group Policyholder or any Payee may be given by mailing it to that person's last known address as stated in the Company's fileContract No. An application, report, request, election, direction, notice or demand by the Group Policyholder or Payee will be made in a form satisfactory to the Company12345GP Form No. When the Company requires it, the Group Policyholder will obtain the signature of the Participant's or Xxxxx's spouse on forms provided by the Company. The Company may require adequate proof of the age and death of any Payee before it admits a claim for or pays any payment. Written materials developed by the Group Policyholder to describe this Group Annuity Contract must first be approved by the Company. PURCHASE PROVISIONSQGP 685 - 14 ARTICLE IV

Appears in 1 contract

Samples: Group Annuity Contract (Futurefunds Series Account of Great West Life & Ann Ins Co)

Voting Rights and Reports. The Company will vote the shares of an Eligible Fund held in a Variable Sub-Account of the Investment Division of the Series Account. To the extent required by law, the Company will vote according to the instructions of the Group Policyholder in proportion to its interest in the Variable Sub-Account. In such event, the Company will send proxy materials and form(s) to the Group Policyholder for its reply. If no reply is received, the Company will vote shares of the appropriate Eligible Fund in the same proportion as shares of the Eligible Fund for which replies have been received. During the Annuity Payment Period under the Participant Annuity Account, the number of votes will decrease as the assets held to fund annuity payments decrease, the Payee will be entitled to receive the proxy materials and form(s) otherwise provided to the Group Policyholder, and all other provisions concerning Voting Rights will apply to the Payee of a Variable Dollar method Method of Payment Option. The Company will furnish the Group Policyholder or the Payee of a Variable Dollar Method of Payment Option copies of any shareholder reports of the Eligible Funds and of any other notices, reports or documents required by law to be furnished to either of them. Semi-annual reports of the Eligible Funds will be furnished as required by law to the Group Policyholder, who shall promptly deliver them to each Participant or Payee of a Variable Dollar Method of Payment Option. The Company will furnish the Group Policyholder not less frequently than annually a statement of each Participant's Participant Annuity Account Value, which the Group Policyholder will promptly deliver to the Participant. The Group Policyholder may direct the Company to deliver these reports and statements to the Participants. Notice and Proof Any notice or demand by the Company to or upon the Group Policyholder or any Payee may be given by mailing it to that person's last known address as stated in the Company's file. An application, report, request, election, direction, notice or demand by the Group Policyholder or Payee will be made in a form satisfactory to the Company. When the Company requires it, the Group Policyholder will obtain the signature of the Participant's or Xxxxx's spouse on forms provided by the Company. The Company may require adequate proof of the age and death of any Payee before it admits a claim for or pays any payment. Written materials developed by the Group Policyholder to describe this Group Annuity Contract must first be approved by the Company. PURCHASE PROVISIONS

Appears in 1 contract

Samples: Group Annuity Contract (Futurefunds Series Account of Great West Life & Ann Ins Co)

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Voting Rights and Reports. The Company will vote the shares of an Eligible Fund held in a Variable Sub-Account of the Investment Division of the Series Account. To the extent required by law, the Company will vote according to the instructions of the Group Policyholder in proportion to its interest in the Variable Sub-Account. In such event, the Company will send proxy materials and form(s) to the Group Policyholder for its reply. If no reply is received, the Company will vote shares of the appropriate Eligible Fund in the same proportion as shares of the Eligible Fund for which replies have been received. During the Annuity Payment Period under the Participant Annuity Account, the number of votes will decrease as the assets held to fund annuity payments decrease, the Payee will be entitled to receive the proxy materials and form(s) otherwise provided to the Group Policyholder, and all other provisions concerning Voting Rights will apply to the Payee of a Variable Dollar method Method of Payment Option. The Company will furnish the Group Policyholder or the Payee of a Variable Dollar Method of Payment Option copies of any shareholder reports of the Eligible Funds and of any other notices, reports or documents required by law to be furnished to either of them. Semi-annual reports of the Eligible Funds will be furnished as required by law to the Group Policyholder, who shall promptly deliver them to each Participant or Payee of a Variable Dollar Method of Payment Option. The Company will furnish the Group Policyholder not less frequently than annually a statement of each Participant's Participant Annuity Account Value, which the Group Policyholder will promptly deliver to the Participant. The Group Policyholder may direct the Company to deliver these reports and statements to the Participants. Notice and Proof Any notice or demand by the Company to or upon the Group Policyholder or any Payee may be given by mailing it to that person's last known address as stated in the Company's file. An application, report, request, election, direction, notice or demand by the Group Policyholder or Payee will be made in a form satisfactory to the Company. When the Company requires it, the Group Policyholder will obtain the signature of the Participant's or Xxxxx's spouse on forms provided by the Company. The Company may require adequate proof of the age and death of any Payee before it admits a claim for or pays any payment. Written materials developed by the Group Policyholder to describe this Group Annuity Contract must first be approved by the Company. PURCHASE PROVISIONS.

Appears in 1 contract

Samples: Group Annuity Contract (Futurefunds Series Account of Great West Life & Ann Ins Co)

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