Common use of Program Reorganizations Clause in Contracts

Program Reorganizations. In Sponsor’s sole discretion Sponsor may reorganize any of the portfolios or investment strategies (each, an “Investment”) in the Active Portfolios® investments, Select Separate Account, Investor Unified Account, Vista Separate Account, or Access Account (the “Manager Directed Programs”) into another Manager Directed Program. Sponsor may reorganize an existing Investment into a different Manager Directed Program, in which case the services provided by the Advisory Service Provider and the particular Investment will not change

Appears in 4 contracts

Sources: Active Portfolios Client Agreement, Active Portfolios Client Agreement, Active Portfolios Client Agreement