Common use of Committee Chairs Clause in Contracts

Committee Chairs. The Trustees may appoint one of their number to be a chair of each respective committee. Each committee chair shall not be an “interested person” of the Trust within the meaning of the Investment Company Act of 1940. Each committee chair shall preside at all meetings of their respective committees and shall have such other duties as may be assigned to the committee chair by the Trustees from time to time. A Trustee serving as committee chair shall have no greater liability, nor be held to any higher standard or duty, than that to which he or she would be subject if not serving as committee chair. [amended 4/27/05]

Committee Chairs. The Trustees may appoint one of their number to be a chair of each respective committee. Each committee chair shall not be an “"interested person” " of the Trust within the meaning of the Investment Company Act of 1940. Each committee chair shall preside at all meetings of their respective committees and shall have such other duties as may be assigned to the committee chair by the Trustees from time to time. A Trustee serving as committee chair shall have no greater liability, nor be held to any higher standard or duty, than that to which he or she would be subject if not serving as committee chair. [amended 4/27/05]

Committee Chairs. The Trustees may appoint one of their number to be a chair of each respective committee. Each committee chair shall not be an “"interested person” " of the Trust within the meaning of the Investment Company Act of 1940. Each committee chair shall preside at all meetings of their respective committees and shall have such other duties as may be assigned to the committee chair by the Trustees from time to time. A Trustee serving as committee chair shall have no greater liability, nor be held to any higher standard or duty, than that to which he or she would be subject if not serving as committee chair. [amended 4/27/05].