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: American Century Municipal Trust, American Century Investment Trust, American Century Target Maturities Trust

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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: American Century California Tax Free & Municipal Funds

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