Common use of Compensation of Trustees, Officers and Employees Clause in Contracts

Compensation of Trustees, Officers and Employees. No Trustee, officer or employee of the Trust or a Fund shall receive from the Trust or the Fund any salary or other compensation as such Trustee, officer or employee while he is at the same time a director, officer, or employee of TAM or any affiliated company of TAM, except as the Board may decide. This paragraph shall not apply to Trustees, executive committee members, consultants and other persons who are not regular members of TAM’s or any affiliated company’s staff.

Appears in 10 contracts

Samples: Investment Advisory Agreement (Transamerica Asset Allocation Variable Funds), Investment Advisory Agreement (Transamerica Partners Funds Group Ii), Investment Advisory Agreement (Transamerica Partners Portfolios)

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