Common use of Proxy Voting and Class Actions Clause in Contracts

Proxy Voting and Class Actions. The Sub-Advisor shall not be responsible for voting proxies issued by companies held in the Separate Account although the Advisor may consult with the Sub-Advisor from time to time regarding the voting proxies of securities owned by the Separate Account. The Sub-Advisor shall also not be responsible for filing claims in class action settlements related to securities currently or previously held by the Separate Account.

Appears in 2 contracts

Sources: Sub Advisory Agreement (Underlying Funds Trust), Sub Advisory Agreement (Underlying Funds Trust)