Common use of Compensation of the Subadviser Clause in Contracts

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the Fund, the Adviser will pay the Subadviser an annual fee equal to 0.50% on the first $50 million of the Fund's average daily net assets, 0.40% on the next $50 million of the Fund's average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assets, and 0.20% of such assets in excess thereof. Such fee shall accrue daily and be paid monthly. The "average daily net assets" of the Fund shall be determined on the basis set forth in the Fund's Prospectus or, if not described therein, on such basis as is consistent with the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust nor the Fund has any liability for the Subadviser's fee hereunder. Calculations of the Subadviser's fee will be based on average net asset values as provided by the Adviser or the Trust. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the Fund, the Adviser will pay the Subadviser an annual fee equal to 0.500.40% on the first $50 million of the Fund's average daily net assets, 0.40% on the next assets up to $50 500 million of the Fund's average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assets, and 0.200.35% of such assets in excess thereof. Such fee shall accrue daily and be paid monthly. The "average daily net assets" of the Fund shall be determined on the basis set forth in the Fund's Prospectus or, if not described therein, on such basis as is consistent with the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust nor the Fund has any liability for the Subadviser's fee hereunder. Calculations of the Subadviser's fee will be based on average net asset values as provided by the Adviser or the Trust. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the Fund, the Adviser will pay the Subadviser an annual fee equal to 0.500.65% on the first $50 million of the Fund's average daily net assets, 0.40% on the next $50 million asset value of the Fund's average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assetsAssets, and 0.200.55% of such assets in excess thereof. Such fee shall accrue daily and be paid monthly. The "average daily net assetsasset value" of the Fund Assets shall be determined on the basis set forth in the Fund's Prospectus or, if not described therein, on such basis as is consistent with the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust nor the Fund has any liability for the Subadviser's fee hereunder, so long as the Fund has paid the Adviser. Calculations of the Subadviser's fee will be based on the average daily net asset values value of the Assets as provided determined by the Adviser or the Trust. Unless otherwise directed by the Adviser, the Subadviser will fully invest the Assets. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the Fund, the Adviser will pay the Subadviser an annual fee equal to 0.50% on the first $50 million 0.70%% of the Fund's average daily net assets, 0.40% on the next $50 million asset value of the Fund's average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assets, and 0.20% of such assets in excess thereofAssets. Such fee shall accrue daily and be paid monthly. The "average daily net assetsasset value" of the Fund Assets shall be determined on the basis set forth in the Fund's Prospectus or, if not described therein, on such basis as is consistent with the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust nor the Fund has any liability for the Subadviser's fee hereunder. Calculations of the Subadviser's fee will be based on the average daily net asset values value of the Assets as provided determined by the Adviser or the Trust. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the FundFunds, the Adviser will pay the Subadviser an annual fee equal to 0.500.40% on the first $50 million of the Fund's Funds' average daily net assets, 0.400.35% on the next $50 150 million of the Fund's Funds' average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assets, and 0.20% of such assets in excess thereof. Such fee shall accrue daily and be paid monthly. The "average daily net assets" of the Fund shall be determined on the basis set forth in the Fund's Prospectus or, if not described therein, on such basis as is consistent with the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust nor the Fund has any liability for the Subadviser's fee hereunder. Calculations of the Subadviser's fee will be based on average net asset values as provided by the Adviser or the Trust. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the Fund, the Adviser will pay the Subadviser an annual fee equal to 0.50% on the first $50 million of the Fund's average daily net assets, 0.40% on the next $50 million of the Fund's average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assets, and 0.20% of such assets in excess thereof. Such fee shall accrue daily and be paid monthly. The "average daily net assets" of the Fund shall be determined on the basis set forth in the Fund's Prospectus or, if not described therein, on such basis as is consistent with the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust Company nor the Fund has any liability for the Subadviser's fee hereunder. Calculations of the Subadviser's fee will be based on average net asset values as provided by the Adviser or the TrustCompany. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the Fund, the Adviser will pay the Subadviser an annual fee equal to 0.500.40% on the first $50 million of the Fund's average daily net assets, 0.40% on the next $50 million of the Fund's average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assets, and 0.20% of such assets in excess thereof. Such fee shall accrue daily and be paid monthly. The "average daily net assets" of the Fund shall be determined on the basis set forth in the Fund's Prospectus or, if not described therein, on such basis as is consistent with the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust nor the Fund has any liability for the Subadviser's fee hereunder. Calculations of the Subadviser's fee will be based on average net asset values as provided by the Adviser or the Trust. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the Fund, the Adviser will pay the Subadviser an annual fee equal to 0.50% on the first $50 million of the Fund's average daily net assets, 0.40% on the next $50 million of the Fund's average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assets, and 0.20% of such assets in excess thereof. Such fee shall accrue daily and be paid monthly. The "average daily net assets" of the Fund shall be determined on the basis set forth in the Fund's Prospectus or, if not described therein, on such basis as is consistent with the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust nor the Fund has any liability for the Subadviser's fee hereunder. Calculations of the Subadviser's fee will be based on average net asset values as provided by the Adviser or the Trust. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the FundFunds, the Adviser will pay the Subadviser an annual fee equal to 0.50% on the value of the first $50 100 million of the Fund's average daily net assetsassets of the Fund managed by the Subadviser, 0.40% on the next $50 million value of the Fund's average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assetsassets of the Fund managed by the Subadviser, and 0.200.35% on the value of such the average daily net assets managed by the Subadviser in excess thereofof $200 million. Such fee shall accrue daily and be paid monthly. The "average daily net assets" of the Fund shall be determined on the basis set forth in the Fund's Prospectus or, if not described therein, on such basis as is consistent with Rule 2a-4 and Rule 22c-1 under the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust nor the Fund has any liability for the payment of Subadviser's fee hereunderhereunder and that the payment of fees owed to the Subadviser shall be the sole responsibility of the Adviser. Calculations of the Subadviser's fee will be based on average net asset values as provided to the Subadviser by the Adviser or the Trust. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.

Compensation of the Subadviser. For all services to be rendered, facilities furnished and expenses paid or assumed by the Subadviser as herein provided for the Fund, the Adviser will pay the Subadviser an annual fee equal to 0.50% on the first $50 million of the Fund's ’s average daily net assets, 0.40% on the next $50 million of the Fund's average daily net assets, 0.30% on the next $100 million of the Fund's average daily net assets, and 0.20% of such assets in excess thereof. Such fee shall accrue daily and be paid monthly. The "“average daily net assets" ” of the Fund shall be determined on the basis set forth in the Fund's ’s Prospectus or, if not described therein, on such basis as is consistent with the 1940 Act and the regulations promulgated thereunder. The Subadviser will receive a pro rata portion of such monthly fee for any periods in which the Subadviser advises the Fund less than a full month. The Subadviser understands and agrees that neither the Trust nor the Fund has any liability for the Subadviser's ’s fee hereunder. Calculations of the Subadviser's ’s fee will be based on average net asset values as provided by the Adviser or the Trust. In addition to the foregoing, the Subadviser may from time to time agree in writing not to impose all or a portion of its fee otherwise payable hereunder (in advance of the time such fee or portion thereof would otherwise accrue) and/or undertake to pay or reimburse the Fund for all or a portion of its expenses not otherwise required to be borne or reimbursed by the Subadviser. Any such fee reduction or undertaking may be discontinued or modified by the Subadviser at any time.