Agreement to Prohibit Trading. The Insurer agrees to execute written instructions from the Distributor to prohibit further purchase or exchanges of Shares by a Shareholder that has been identified by the Distributor as having engaged in transactions of the Fund's Shares (directly or indirectly through the Insurer's account) that violate policies established by the Distributor for the purpose of eliminating or reducing any dilution of the value of the outstanding Shares issued by the Fund.
Appears in 4 contracts
Samples: Participation Agreement (PHL Variable Accumulation Account II), Participation Agreement (PHL Variable Accumulation Account), Participation Agreement (Phoenix Life Variable Accumulation Account)
