Common use of PROSPECTUS AND PROXY STATEMENTS Clause in Contracts

PROSPECTUS AND PROXY STATEMENTS. VOTING 3.1 The FUND will provide the PLAN administrator or its delegate with current FUND prospectus, statement of additional information and any supplement thereto in a manner so as to allow the PLAN administrator or its delegate to timely distribute the current FUND prospectus, SAI and any supplement thereto, to each current and prospective PLAN participant. 3.2 The FUND will provide a final copy of any proxy material, report to shareholders, and other communication to shareholders to the PLAN administrator or its delegate in a timely manner. 3.3 The FUND reserves the right to take all actions, including but not limited to the dissolution, merger, and sale of all assets of the FUND solely upon the authorization of its Board and/or shareholders as required by the ▇▇▇▇ ▇▇▇. 3.4 The PLAN will vote Portfolio shares in accordance with the terms of the PLAN documents.

Appears in 2 contracts

Sources: Participation Agreement (Aal Variable Life Account I), Participation Agreement (Aal Variable Annuity Account Ii)

PROSPECTUS AND PROXY STATEMENTS. VOTINGVoting 3.1 The FUND will provide the PLAN administrator or its delegate with current FUND prospectus, statement of additional information and any supplement thereto in a manner so as to allow the PLAN administrator or its delegate to timely distribute the current FUND prospectus, SAI and any supplement thereto, to each current and prospective PLAN participant. 3.2 The FUND will provide a final copy of any proxy material, report to shareholders, and other communication to shareholders to the PLAN administrator or its delegate in a timely manner. 3.3 The FUND reserves the right to take all actions, including but not limited to the dissolution, merger, and sale of all assets of the FUND solely upon the authorization of its Board and/or shareholders as required by the ▇▇▇▇ ▇▇▇. 3.4 The PLAN will vote Portfolio shares in accordance with the terms of the PLAN documents.

Appears in 1 contract

Sources: Participation Agreement (Aal Variable Product Series Fund Inc)