Common use of Disinterested Directors Clause in Contracts

Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(19) of the 1940 Act.

Appears in 81 contracts

Samples: Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Participation Agreement (Variable Separate Account Nine)

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Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(19) of the 1940 Act.

Appears in 40 contracts

Samples: Participation Agreement (Separate Account a of Pacific Life & Annuity Co), Participation Agreement (Separate Account a of Pacific Life & Annuity Co), Participation Agreement (Separate Account a of Pacific Life Insurance Co)

Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(192(a)(I 9) of the 1940 Act.

Appears in 7 contracts

Samples: Participation Agreement (Separate Account Vul 4 of Transamer Occidental Life Ins Co), Participation Agreement (Separate Account Vul 2 of Transamerica Occidental Life Ins), Participation Agreement (Sep Acct Vul-6 of Transamerica Occidental Life Insurance Co)

Disinterested Directors. The Fund agrees that its the Fund's board of Directors (the "Board of Directors Directors") shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(19) of the 1940 Act.

Appears in 7 contracts

Samples: Participation Agreement (Ids Life of New York Variable Annuity Account), Participation Agreement (Ids Life Variable Life Separate Account), Participation Agreement (Ids Life Account F)

Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(19) of the 1940 Act.

Appears in 3 contracts

Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Separate Account a of Union Security Life Ins Co of New York), Participation Agreement (Variable Account D of Union Security Insurance Co)

Disinterested Directors. The Fund agrees that its Board of Directors Trustees shall at all times consist of directors a majority of whom (the "Disinterested Directors"Directors Independent Trustees" [illegible]) are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(19) of the 1940 Act.

Appears in 3 contracts

Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Separate Account a of Union Security Life Ins Co of New York), Participation Agreement (Variable Account D of Union Security Insurance Co)

Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor INVESCO within the meaning of Section 2(a)(19) of the 1940 Act.

Appears in 2 contracts

Samples: Participation Agreement (Invesco Variable Investment Funds Inc), Participation Agreement (Invesco Variable Investment Funds Inc)

Disinterested Directors. The Fund agrees that its the Fund's Board of Directors (the "Board of Directors") shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(19) of the 1940 Act.

Appears in 2 contracts

Samples: Participation Agreement (Riversource Variable Life Separate Account), Participation Agreement (Riversource of New York Account 8)

Disinterested Directors. The Fund agrees that its Board of the Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor the Distributor, within the meaning of Section 2(a)(19) of the 1940 Act.

Appears in 2 contracts

Samples: Participation Agreement (Variable Annuity Account A), Participation Agreement (SBL Variable Annuity Account Xiv)

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Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(192(a)( 19) of the 1940 Act.

Appears in 2 contracts

Samples: Participation Agreement (Prudential Variable Contract Account Gi-2), Participation Agreement (Prudential Variable Contract Account Gi-2)

Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(19) of the 1940 ActAct (the "Disinterested Directors") with such exceptions as permitted by the Mixed and Shared Funding Order.

Appears in 1 contract

Samples: Fund Participation Agreement (Hartford Life & Annuity Insurance Co Separate Account Seven)

Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(19) of the 1940 Act.

Appears in 1 contract

Samples: Participation Agreement (Metlife Investors Variable Annuity Account One)

Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(19) of the ofthe 1940 Act.

Appears in 1 contract

Samples: Participation Agreement (Allstate Life of New York Variable Life Separate Account A)

Disinterested Directors. The Fund agrees that its Board of Directors shall at all times consist of directors a majority of whom (the "Disinterested Directors") are not interested persons of Adviser or Distributor within the meaning of Section 2(a)(192(a)(l9) of the 1940 Act.

Appears in 1 contract

Samples: Participation Agreement (First Metlife Investors Variable Annuity Account One)

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