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DocuSign Envelope ID:8B670D51-A7FD-4694-8E94-963553021305 <br /> TERMS, CONDITIONS AND OTHER PROVISIONS <br /> MANAGEMENT & PROFESSIONAL LIABILITY POLICY <br /> DEFINITIONS <br /> Pollution Or Contamination <br /> "Pollution or contamination" means any conditions that: <br /> a. Are unclean,unsafe, damaging,injurious, or unhealthful; and <br /> b. Result directly or indirectly from the presence of "pollutants," whether permanent or transient in <br /> any"environment." <br /> Subsidiary <br /> "Subsidiary" means any: <br /> a. Entity in which more than 50% of the outstanding voting securities or voting rights representing the <br /> present right to vote for election of directors is owned, directly or indirectly,in any combination, by <br /> the "insured organization"; <br /> b. Non-profit entity in which the right to elect or otherwise appoint more than 50% of such entity's <br /> directors or trustees is owned, or controlled, directly or indirectly, in any combination, by the <br /> "insured organization"; <br /> c. Limited liability company in which the right to elect or otherwise appoint or designate more than <br /> 50% of such limited liability company's managers is owned or controlled, directly or indirectly, in <br /> any combination,by the "insured organization"; <br /> d. Joint venture in which the right to elect or otherwise appoint more than 50% of such entity's <br /> directors, trustees or other equivalent executives is owned or controlled, directly or indirectly,in any <br /> combination,by the "insured organization"; or <br /> e. Other entity if listed as a"subsidiary"in an endorsement to this Policy. <br /> Voluntary Compliance Program <br /> "Voluntary compliance program" means the Voluntary Compliance Resolution Program (VCR) (Rev. <br /> Proc. 92-89) or the Walk-In Closing Agreement Program (Walk-in CAP), both described in the <br /> Employee Plans Compliance Resolution System, (EPCRS) (IRS Rev. Proc. 98-22), as amended, or the <br /> Tax Sheltered Annuity Voluntary Correction Program (TVC) (Rev. Proc. 95-24). <br /> Volunteer <br /> "Volunteer" means any natural person, other than an "employee," "director or officer," "leased <br /> employee" or"independent contractor,"who was or is: <br /> a. Serving on the committees of the "insured organization" at the appointment of the Board of <br /> Directors of the "insured organization"; or <br /> MPL 0002 07 13 CUMIS Insurance Society, Inc. Page 11 of 30 <br />