Common use of Dual Employees Clause in Contracts

Dual Employees. The Advisor agrees that only its employees who are registered representatives of the Distributor ("dual employees") shall offer or sell Shares of the Portfolios and further agrees that the activities of any such employees as registered representatives of the Distributor shall be limited to offering and selling Shares in states where the Distributor is registered or exempt from registration. The Advisor shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employee's activities and shall provide copies of such policies to the Distributor. The Advisor shall indemnify and hold harmless the Distributor against any and all liabilities, losses, damages, claims and expenses (including reasonable attorneys' fees and disbursements and investigation costs incident thereto) arising from or related to the Advisor's employees' activities as registered representatives of the Distributor, including, without limitation, any and all such liabilities, losses, damages, claims and expenses arising from or related to the breach by such dual employees of any rules or regulations of the NASD or SEC.

Dual Employees. The Advisor Adviser agrees that only its employees who are registered representatives of the Distributor ("dual employees") shall offer or sell Shares of the Portfolios and further agrees that the activities of any such employees as registered representatives of the Distributor shall be limited to offering and selling Shares in states where Shares. If there are dual employees, one employee of the Adviser shall register as a principal of the Distributor is registered or exempt from registrationand assist the Distributor in monitoring the marketing and sales activities of the dual employees. The Advisor shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employee's activities and shall provide copies of such policies to If there are dual employees, the Distributor. The Advisor Adviser shall indemnify and hold harmless the Distributor against any and all liabilities, losses, damages, claims and expenses (including reasonable attorneys' fees and disbursements and investigation costs incident thereto) arising from or related to the AdvisorAdviser's employees' activities as registered representatives of the Distributor, including, without limitation, any and all such liabilities, losses, damages, claims and expenses arising from or related to the breach by such dual employees of any rules or regulations of the NASD FINRA or SEC.

Dual Employees. The Advisor Adviser agrees that only its employees who are registered representatives of the Distributor ("dual employees") shall offer or sell Shares of the Portfolios and further agrees that the activities of any such employees as registered representatives of the Distributor shall be limited to offering and selling Shares in states where the Distributor is registered or exempt from registrationShares. The Advisor Adviser shall maintain errors and omissions and fidelity bond insurance policies providing reasonable coverage for its employee's activities and shall provide copies of such policies to the Distributor. The Advisor Adviser shall indemnify and hold harmless the Distributor against any and all liabilities, losses, damages, claims and expenses (including reasonable attorneys' fees and disbursements and investigation costs incident thereto) arising from or related to the AdvisorAdviser's employees' activities as registered representatives of the Distributor, including, without limitation, any and all such liabilities, losses, damages, claims and expenses arising from or related to the breach by such dual employees of any rules or regulations of the NASD or SEC.