Common use of Policy Exceptions Clause in Contracts

Policy Exceptions. The SIC may grant certain exemptions from the requirements of this Policy for a particular contract or investment, provided that: A. Seventy-five percent of the SIC membership vote in favor of granting such exemption at a meeting of the SIC, and B. The exemption granted pursuant to this Policy is clearly documented with an explanation of the basis for such exemption and discussed in public at the meeting of the SIC.