Election of Trustees. The members of The Northwestern Mutual Life Insurance Company are its policyholders of insurance policies and deferred annuity contracts. The members exercise control through a Board of Trustees. Elections to the Board are held each year at the annual meeting of members. Members are entitled to vote in person or by proxy. FLEXIBLE PAYMENT VARIABLE ANNUITY-ACCOUNT B AMOUNTS ALLOCATED TO THE SEPARATE ACCOUNT DIVISIONS AND VARIABLE PAYMENTS PROVIDED BY THIS CONTRACT ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT BUT ARE VARIABLE AND MAY INCREASE OR DECREASE TO REFLECT THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT.
Election of Trustees. Pursuant to Section 2 of Article 7 of the Declaration of the Trust, the affirmative vote of a majority of the Shares outstanding and entitled to vote shall elect a Trustee; provided, that if the Declaration of Trust or applicable law requires that a Trustee be elected by individual Series or Classes, then the affirmative vote of a majority of the Shares outstanding and entitled to vote of that Series or Class shall elect a Trustee.
Election of Trustees. Upon the issuance of beneficial interests of the Trust, the initial shareholder of the Trust shall elect Trustees of the Trust; to the extent that persons so elected are different from the Initial Trustee, such persons shall replace the Initial Trustee as Trustees of the Trust.
Election of Trustees. All meetings of Shareholders for the purpose of electing Trustees shall be held on such date and at such time as shall be designated from time to time by the Trustees and stated in the notice of the meeting, at which the Shareholders shall elect the number of Trustees as provided in the Agreement and as the notice for such meeting shall state are to be elected, and transact such other business as may properly be brought before the meeting in accordance with Section 1 of this Article IV.
Election of Trustees. The members of The Northwestern Mutual Life Insurance Company are its policyholders of insurance policies and deferred annuity contracts. The members exercise control through a Board of Trustees. Elections to the Board are held each year at the annual meeting of members. Members are entitled to vote in person or by proxy. FLEXIBLE PAYMENT VARIABLE ANNUITY - ACCOUNT A AMOUNTS ALLOCATED TO THE SEPARATE ACCOUNT DIVISIONS AND VARIABLE PAYMENTS PROVIDED BY THIS CONTRACT ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT BUT ARE VARIABLE AND MAY INCREASE OR DECREASE TO REFLECT THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT. Exhibit B(4)(b) PAYMENT RATE TABLES MONTHLY INCOME PAYMENTS PER $1,000 BENEFITS GUARANTEED FIXED PAYMENT OR FIRST PAYMENT UNDER VARIABLE PAYMENT PLAN LIFE INCOME PLAN (OPTION C) ------------------------------------------------------------------------------------------------------------------------ SINGLE LIFE MONTHLY PAYMENTS ------------------------------------------------------------------------------------------------------------------------ CHOSEN PERIOD (YEARS) CHOSEN PERIOD (YEARS) ------------------------------------------- FEMALE ------------------------------------------- MALE ADJUSTED AGE* ZERO 10 20 ADJUSTED AGE* ZERO 10 20 ------------------ -------------- ------------- -------------- ------------- -------------- -------------- ------------- 55 $ 4.41 $ 4.36 $ 4.23 55 $ 4.04 $ 4.02 $ 3.96 56 4.49 4.44 4.29 56 4.10 4.08 4.01 57 4.58 4.52 4.35 57 4.17 4.14 4.07 58 4.67 4.60 4.41 58 4.24 4.21 4.12 59 4.77 4.69 4.47 59 4.31 4.28 4.18 60 4.87 4.79 4.54 60 4.39 4.36 4.24 61 4.98 4.89 4.60 61 4.48 4.44 4.31 62 5.10 4.99 4.67 62 4.57 4.52 4.37 63 5.23 5.11 4.74 63 4.66 4.61 4.44 64 5.36 5.22 4.81 64 4.77 4.71 4.51 65 5.51 5.35 4.87 65 4.88 4.81 4.58 66 5.67 5.47 4.94 66 5.00 4.92 4.66 67 5.84 5.61 5.00 67 5.12 5.03 4.73 68 6.02 5.75 5.07 68 5.26 5.15 4.80 69 6.21 5.89 5.13 69 5.41 5.28 4.88 70 6.41 6.05 5.19 70 5.57 5.42 4.95 71 6.63 6.20 5.25 71 5.74 5.56 5.02 72 6.86 6.36 5.30 72 5.93 5.71 5.09 73 7.11 6.53 5.35 73 6.13 5.87 5.16 74 7.37 6.70 5.39 74 6.34 6.04 5.23 75 7.65 6.87 5.44 75 6.58 6.22 5.29 76 7.96 7.05 5.47 76 6.83 6.40 5.34 77 8.28 7.23 5.51 77 7.11 6.59 5.39 78 8.63 7.40 5.54 78 7.40 6.78 5.44 79 9.01 7.58 5.56 79 7.72 6.98 5.48 80 9.41 7.76 5.59 80 8.07 7.18 5.52 81 9.84 7.93 5.61 81 8.45 7.38 5.55 82 10.30 8.10 5.62 82 8.86 7.58 5.58 83 10.79 8.27 5.63 83 9.30 7.78 5.60 84 11.31 8.42 5.64 84 9.78 7.98 5.62 85 and over 11.87 ...
Election of Trustees. Except for any Trustees appointed to fill vacancies pursuant to Section 2.4 hereof, the Shareholders of the Trust shall elect Trustees at Shareholder meetings called for that purpose to the extent required by the 0000 Xxx. The Trustees need not be elected annually or at regular intervals. Except as provided in Section 10.2, the Trustees shall not be required to call a meeting of Shareholders for the purpose of electing Trustees, provided, however, that in the event that at any time, other than the time preceding the first meeting of Shareholders for the purpose of electing Trustees, less than a majority of the Trustees holding office at that time were elected by the Shareholders, a meeting of the Shareholders for the purpose of electing Trustees shall be held promptly and in any event within 60 days (unless the Commission shall by order extend such period). No election of a Trustee shall become effective, however, until the person elected shall have accepted such election and agreed in writing to be bound by the terms of this Declaration. If re-elected, a Trustee may succeed himself or herself. Trustees need not own shares.
Election of Trustees. 7 Section 2.3 Term of Office of Trustees................... 8 Section 2.4 Termination of Service and Appointment of Trustees..................................... 8 Section 2.5 Temporary Absence of Trustee................. 9 Section 2.6
Election of Trustees. Except for the Trustees named herein and those Trustees designated by such Trustees prior to the issuance of Shares, or appointed to fill vacancies pursuant to Section 2.4 hereof, the Shareholders of the Trust shall elect Trustees at Shareholder meetings called for that purpose. The Trustees need not be elected annually or at regular intervals. Except as provided in Section 10.2, the Trustees shall not be required to call a meeting of Shareholders for the purpose of electing Trustees, provided, however, that in the event that at any time, other than the time preceding the first meeting of Shareholders for the purpose of electing Trustees, less than a majority of the Trustees holding office at that time were elected by the Shareholders, a meeting of the Shareholders for the purpose of electing Trustees shall be held promptly and in any event within 60 days (unless the Commission shall by order extend such period). No election of a Trustee shall become effective, however, until the person elected shall have accepted such election and agreed in writing to be bound by the terms of this Declaration. If re-elected, a Trustee may succeed himself. Trustees need not own shares.
Election of Trustees. The members of The Northwestern Mutual Life Insurance Company are its policyholders of insurance policies and deferred annuity contracts. The members exercise control through a Board of Trustees. Elections to the Board are held each year at the annual meeting of members. Members are entitled to vote in person or by proxy. INDIVIDUAL FLEXIBLE PREMIUM VARIABLE ADJUSTABLE LIFE INSURANCE POLICY Participating Life Insurance Benefit Payable on death of Insured. Flexible premiums. Benefits reflect investment results. Variable benefits described in Sections 1, 3, 6, 8, and 9. THE AMOUNT OF THE DEATH BENEFIT, THE DURATION OF THE COVERAGE AND ALL VALUES THAT ARE BASED ON THE SEPARATE ACCOUNT ASSETS WILL INCREASE OR DECREASE WITH INVESTMENT EXPERIENCE. THERE IS NO GUARANTEED MINIMUM DEATH BENEFIT, EXCEPT AS PROVIDED BY THE DEATH BENEFIT GUARANTEE DESCRIBED IN SECTION 3.5 IF ELECTED AT ISSUE. THERE IS NO GUARANTEED MINIMUM POLICY VALUE, EXCEPT AS PROVIDED BY THE PAID-UP OPTION AS DESCRIBED IN SECTION 11.
Election of Trustees. The members of The Northwestern Mutual Life Insurance Company are its policyholders of insurance policies and deferred annuity contracts. The members exercise control through a Board of Trustees. Elections to the Board are held each year at the annual meeting of members. Members are entitled to vote in person or by proxy. MASOX XXXEET VARIABLE ANNUITY FLEXIBLE PAYMENT VARIABLE ANNUITY - ACCOUNT B AMOUNTS ALLOCATED TO THE SEPARATE ACCOUNT DIVISIONS AND VARIABLE PAYMENTS PROVIDED BY THIS CONTRACT ARE NOT GUARANTEED AS TO FIXED DOLLAR AMOUNT BUT ARE VARIABLE AND MAY INCREASE OR DECREASE TO REFLECT THE INVESTMENT EXPERIENCE OF THE SEPARATE ACCOUNT.
