Common use of Compensation and Limitation of Liability of Trustees Clause in Contracts

Compensation and Limitation of Liability of Trustees. Section 7.1 Compensation . Any Trustee, whether or not he or she is a salaried officer or employee of the Trust, may be compensated for his or her services as Trustee or as a member of a committee of Trustees or as chairman of a committee by fixed periodic payments or by fees for attendance at meetings, by both or otherwise, and in addition may be reimbursed for transportation and other expenses, all in such manner and amounts as the Board of Trustees may from time to time determine. Nothing herein shall in any way prevent the employment of any Trustee for advisory, management, legal, accounting, investment banking or other services and payment for the same by the Trust.

Appears in 13 contracts

Samples: Trust Agreement (Oppenheimer International Bond Fund), Trust Agreement (Oppenheimer Equity Fund Inc), Trust Agreement (Oppenheimer Emerging Markets Debt Fund)

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Compensation and Limitation of Liability of Trustees. Section 7.1 Compensation . Any CompensationAny Trustee, whether or not he or she is a salaried officer or employee of the Trust, may be compensated for his or her services as Trustee or as a member of a committee of Trustees or as chairman of a committee by fixed periodic payments or by fees for attendance at meetings, by both or otherwise, and in addition may be reimbursed for transportation and other expenses, all in such manner and amounts as the Board of Trustees may from time to time determine. Nothing herein shall in any way prevent the employment of any Trustee for advisory, management, legal, accounting, investment banking or other services and payment for the same by the Trust.

Appears in 2 contracts

Samples: Trust Agreement (Oppenheimer Rochester Massachusetts Municipal Fund), Trust Agreement (Oppenheimer Rochester Maryland Municipal Fund)

Compensation and Limitation of Liability of Trustees. Section 7.1 Compensation Compensation. Any Trustee, whether or not he or she is a salaried officer or employee of the Trust, may be compensated for his or her services as Trustee or as a member of a committee of Trustees or as chairman of a committee by fixed periodic payments or by fees for attendance at meetings, by both or otherwise, and in addition may be reimbursed for transportation and other expenses, all in such manner and amounts as the Board of Trustees may from time to time determine. Nothing herein shall in any way prevent the employment of any Trustee for advisory, management, legal, accounting, investment banking or other services and payment for the same by the Trust.

Appears in 1 contract

Samples: Trust Agreement (Del Rey Global Investors Funds)

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Compensation and Limitation of Liability of Trustees. Section 7.1 Compensation . Any Trustee, whether or not he or she is a salaried officer or employee of the Trust, may be compensated for his or her services as Trustee or as a member of a committee of Trustees or as chairman of a committee by fixed periodic payments or by fees for attendance at meetings, by both or otherwise, and in addition may be reimbursed for transportation and other expenses, all in such manner and amounts as the Board of Trustees may from time to time determine. Nothing herein shall in any way prevent the employment of any Trustee for advisory, management, legal, accounting, investment banking or other services and payment for the same by the Trust.

Appears in 1 contract

Samples: Trust Agreement (Oppenheimer Main Street Small Cap Fund)

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