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

Compensation and Limitation of Liability of Trustees. Section 1. Compensation The Independent Trustees as such shall be entitled to reasonable compensation from the Trust, and they may fix the amount of such compensation. 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 6 contracts

Samples: Agreement and Declaration of Trust (American Century Municipal Trust), Agreement and Declaration of Trust (American Century California Tax Free & Municipal Funds), Amended and Restated Agreement and Declaration of Trust (American Century International Bond Funds)

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Compensation and Limitation of Liability of Trustees. Compensation ------------ Section 1. Compensation The Independent Trustees as such shall be entitled to reasonable --------- compensation from the Trust, and ; they may fix the amount of such their compensation. Nothing herein shall in any way prevent the employment of any Trustee for advisory, managementadministration, legal, accounting, investment banking or other services and payment for the same by the Trust.

Appears in 1 contract

Samples: Trust Agreement (Rembrandt Funds)

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Compensation and Limitation of Liability of Trustees. Section 1. Compensation The Independent non-interested Trustees as such shall be entitled to reasonable compensation from the Trust, and they may fix the amount of such compensation. 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: Agreement and Declaration of Trust (American Century California Tax Free & Municipal Funds)

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