Authority to Delegate. The Adviser may, at its expense, select and contract with one or more investment advisers registered under the Investment Advisers Act of 1940 ("Sub-Advisers") to perform some or all of the services for a Fund for which it is responsible under this Agreement. The Adviser will compensate any Sub-Adviser for its services to the Fund. The Adviser may terminate the services of any Sub-Adviser at any time in its sole discretion, and shall at such time assume the responsibilities of such Sub-Adviser unless and until a successor Sub-Adviser is selected and the requisite approval of a Fund's shareholders is obtained. The Adviser will continue to have responsibility for all advisory services furnished by any Sub-Adviser.
Appears in 6 contracts
Samples: Investment Advisory Agreement (Templeton Variable Products Series Fund), Investment Advisory Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Advisory Agreement (Templeton Variable Products Series Fund)
