Proxy Votes. Election of Our Board of Directors and certain significant corporate transactions are determined by a majority vote of Our policyholders, unless a different vote is required by law or Our Articles of Incorporation or Bylaws. A policyholder designates, by means of the application for coverage, the members of Our Board of Directors as his proxy to vote on these important matters. Payment of each premium extends the proxy’s effectiveness unless revoked by the policyholder. This proxy may be revoked by the policyholder by giving
Appears in 3 contracts
Sources: Limited Benefit Contract, Limited Benefit Contract, Limited Benefit Contract