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. Insurance Company shall:
VOTING OF FUND SHARES. 7.1 Insurance Company shall provide pass-through voting privileges to all Contractholders and Participants so long as and to the extent the Commission continues to interpret the 1940 Act as requiring pass-through voting privileges or to the extent otherwise required by law. Accordingly, Insurance Company, where applicable, shall vote shares of a Portfolio held in each Separate Account in a manner consistent with voting instructions timely received from its Contractholders and Participants. Insurance Company shall be responsible for assuring that the Separate Account determines voting privileges in a manner consistent with other Participating Companies. Insurance Company shall vote shares for which it has not received timely voting instructions, as well as shares it owns, in the same proportion as it votes those shares for which it has received voting instructions.
VOTING OF FUND SHARES. 5.1. With respect to any matter put to vote by the holders of Fund shares or Series shares ("Voting Shares"), to the extent required by law (including the Exemptive Order referred to in Section 7.1 below) the Company shall:
VOTING OF FUND SHARES. 7.1. At its expense, the Fund shall provide Insurance Company with copies 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. Insurance Company shall bear the costs of mailing and delivering these documents to Contractholders and other costs relating to the distribution of these documents to Contractholders.
VOTING OF FUND SHARES. The Company will vote Fund shares held by the Sub-Accounts at meetings of shareholders of the Funds or in connection with similar solicitations, but will follow voting instructions received from persons having the right to give voting instructions. The Owner or Participant, as the case may be, is the person having the right to give voting instructions prior to the Annuity Commencement Date. On or after the Annuity Commencement Date, the Payee is the person having such voting rights. The Company will vote any shares attributable to the Company, and any Fund shares for which no timely voting instructions have been received, in the same proportion as the shares for which the Company receives instructions from persons having such voting rights. Neither the Variable Account nor the Company is under any duty to provide information concerning the voting instruction rights of persons who may have such rights under retirement or deferred compensation plans, other than rights afforded by the Investment Company Act of 1940, nor do they have any duty to inquire as to the instructions received or the authority of Owners, Participants, or others to instruct on the voting of Fund shares. Except as the Variable Account or the Company has actual knowledge to the contrary, the instructions given by Owners, Participants and Payees will be valid as they affect the Variable Account, the Company and any others having voting instruction rights with respect to the Variable Account. All Fund proxy material, together with an appropriate form to be used to give voting instructions, will be provided to each Owner, each Participant and each Payee having the right to give voting instructions at least ten days prior to each meeting of the shareholders of the Fund. The Company will determine, as of a date not more than 90 days prior to each such meeting, the number of particular Fund shares as to which each such person is entitled to give instructions. Prior to the Annuity Commencement Date, the Company determines the number of Fund shares as to which voting instructions may be given by dividing the value of all the Variable Accumulation Units of the particular Sub-Account credited to the Participant's Account by the net asset value of one Fund share as of the same date. On or after the Annuity Commencement Date, the Company determines the number of Fund shares as to which a Payee may give such instructions by dividing the reserve that the Company holds in the particular Sub-Account with...
VOTING OF FUND SHARES. The Custodian will provide notice to Planholders of all Pioneer Independence Fund shareholder meetings, together with proxy statements. The Custodian shall vote Fund Shares held under any Plan in accordance with the Planholder's instructions contained in a voting instruction card provided with the proxy statement or in accordance with the terms of the applicable Prospectus.
VOTING OF FUND SHARES. 30 5. SUBSTITUTION...................................................30 6.
VOTING OF FUND SHARES. 7.1 Fund shall provide Travelers with copies at no cost to Travelers, of the Fund's proxy material, reports to stockholders and other communications to stockholders in such quantity as Travelers shall reasonably require for distributing to Contractholders or Participants. Travelers shall:
VOTING OF FUND SHARES. The Custodian will provide notice to Planholders of all Fund stockholder meetings, together with proxy statements. The Custodian shall vote Fund Shares held under any Plans in accordance with the Planholder's instructions contained in a voting instruction card provided with the proxy statement. The Custodian shall vote the Fund Shares for which no instructions have been received in the same proportion as Fund Shares for which such instructions have been received from all Planholders under the Plans. If the voting instructions card is validly executed and returned without specification of a choice, the shares will be voted in favor of the proposals of the Fund's management. If the Planholder desires to attend the Fund stockholder meeting and vote shares held in his account in person, the Planholder must make a written request to the Custodian for a proxy which will permit the shares to be voted in person.
VOTING OF FUND SHARES. 10.1 ACC shall ensure that each Fund complies with all provisions of the Investment Company Act of 1940 with respect to voting by shareholders and with all rules and valid interpretations fo the Securities and Exchange Commission with respect thereto.
