6.6.1312    PROXY STATEMENTS--BONUS, PROFIT-SHARING, AND OTHER REMUNERATION PLANS

If action is to be taken with respect to any bonus, profit-sharing, or other remuneration plan of the insurer, the proxy statement shall furnish the following information:

(1) A brief description of the material features of the plan, each class of persons who will participate in the plan, the approximate number of persons in each class, and the basis of participation;

(2) The amounts which would have been distributable under the plan during the last calendar year to each director, nomi-nee for director, and officer of the insurer, to directors and officers as a group, and to all other employees as a group, if the plan had been in effect;

(3) If the plan to be acted upon may be amended, other than by a vote of stockholders, in a manner which would mater-ially increase the cost of the plan to the insurer or materially alter the allocation of the benefits as between the groups specified in subsection (2) of this rule, the nature of those amendments.

History: Sec. 33-3-447 MCA; IMP, Sec. 33-3-447 MCA; EMERG, NEW, Eff. 5/5/75.