Exhibit (9c)
AGREEMENT FOR USE OF THE TERM 'CIGNA'
Agreement dated February 4, 1988 between CIGNA Corporation, a Delaware
Corporation ("CIGNA") and CIGNA VARIABLE PRODUCTS GROUP, a Massachusetts
business trust (the "Trust").
WHEREAS, the Trust has been organized for the purpose of engaging in
business as a diversified, open-end management investment company issuing its
common shares without par value, in series, each such series of common shares
being referred to as a "Fund"; and
WHEREAS, CIGNA Investments, Inc., an affiliate of CIGNA (the "Management
Company"), is to serve as investment adviser for the Trust pursuant to a
Master Investment Advisory Agreement with the Trust; and
WHEREAS, the term 'CIGNA' is the name used to identify the entity
resulting from the combination of Connecticut General Corporation and INA
Corporation which became effective on March 31, 1982 and identifies the
insurance and financial services unique to those companies affiliated with
CIGNA; and
WHEREAS, the parties hereto desire to enter into this Agreement for the
purpose of setting forth the terms and conditions upon which they have agreed
the Trust and each Fund may use the term 'CIGNA' as part of its name.
NOW, THEREFORE, in consideration of the premises and of the mutual covenants
herein contained, the parties hereto agree as follows:
1. CIGNA hereby consents to the use of the term 'CIGNA' by the Trust and by
those Funds electing to do so as part of their respective names so long as
the Management Company or another corporation controlled by CIGNA acts as
investment adviser to the Trust and to each such Fund. 'Controlled by' as
used in this Agreement shall mean more than 50% of the voting securities of
the investment adviser are owned directly or indirectly by CIGNA.
2. The Trust agrees on behalf of itself and each Fund electing to use
the term 'CIGNA' in its name that such use of the term 'CIGNA' shall not
prevent CIGNA or any entity affiliated with CIGNA, or its successors or
assigns, from using or permitting the use of the term 'CIGNA', alone or with,
any other word or words, for, by or in connection with, any other entity or
business, other than the Trust and each such Fund or their businesses, whether
or not the same directly or indirectly competes or conflicts with the Trust
and any of such Funds or their respective businesses.
3. If for any reason the Management Company shall cease to act as
investment adviser for the Trust or for any Fund or shall cease to be
controlled by CIGNA, or if the Trust and each Fund shall not have in effect an
investment advisory agreement with another corporation controlled by CIGNA,
then the right of the Trust and of each Fund electing to use the term 'CIGNA'
in its name shall terminate and the Trust for itself and on behalf of each
such Fund agrees promptly to take appropriate steps to change its name so that
the term 'CIGNA' is no longer a part thereof and to terminate use of the term
'CIGNA' in connection with its business.
4. Copies of the Master Trust Agreement establishing CIGNA Variable
Products Group (the "Trust") are on file with the Secretary of the
Commonwealth of Massachusetts, and notice is hereby given that this Agreement
For Use Of The Term 'CIGNA' is executed on behalf of the Trust by officers of
the Trust as officers and not individually and that the obligations of or
arising out of this Agreement For Use Of The Term 'CIGNA' are not binding upon
any of the Trustees, officers, shareholders, employees or agents of the Trust
individually but are binding only upon the assets and property of the Trust.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed
by their duly authorized officers as of the day and year first above
written.
CIGNA CORPORATION
By /s/ Xxxxx X. Xxxx
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Xxxxx X. Xxxx
Assistant Corporate Secretary
CIGNA VARIABLE PRODUCTS GROUP
By /s/ Xxxx X. Xxxxxxxxx
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Xxxx X. Xxxxxxxxx, President
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