Common use of Fees of Adviser Clause in Contracts

Fees of Adviser. For the services and facilities to be furnished by the Adviser hereunder, the Fund shall, commencing with the effective date of the first public offering of shares of the Fund, pay Adviser an annual fee equal to one-half percent (1/2%) of the average net asset value of the Fixed Income Portfolio as ascertained on each business day and paid monthly. The compensation for the period from the effective date hereof to the next succeeding last day of the month shall be prorated according to the proportion which such period bears to the full month ending on such date, and provided further that, upon any termination of this Agreement before the end of any month, such compensation for the period from the end of the last month ending prior to such termination to the date of termination, shall be prorated according to the proportion which such period bears to a full month, and shall be payable upon the date of termination. For the purpose of the Adviser's compensation, the value of the Fund's net assets shall be computed in the manner specified in its Articles of Incorporation or By-Laws in connection with the determination of the net asset value of its shares.

Fees of Adviser. For the services and facilities to be furnished by the Adviser hereunder, the Fund shall, commencing with the effective date of the first public offering of shares of the Fund, pay Adviser an annual fee equal to one-half percent (1/2%) of the average net asset value of the Fixed Income Government Money Market Portfolio as ascertained on each business day and paid monthly. The compensation for the period from the effective date hereof to the next succeeding last day of the month shall be prorated according to the proportion which such period bears to the full month ending on such date, and provided further that, upon any termination of this Agreement before the end of any month, such compensation for the period from the end of the last month ending prior to such termination to the date of termination, shall be prorated according to the proportion which such period bears to a full month, and shall be payable upon the date of termination. For the purpose of the Adviser's compensation, the value of the Fund's net assets shall be computed in the manner specified in its Articles of Incorporation or By-Laws in connection with the determination of the net asset value of its shares.

Fees of Adviser. For the services and facilities to be furnished by the Adviser hereunder, the Fund shall, commencing with the effective date of the first public offering of shares of the FundPortfolio, pay Adviser an annual fee equal to one-half one percent (1/21%) of the average net asset value of the Fixed Income Portfolio as ascertained on each business day and paid monthly. The compensation for the period from the effective date hereof to the next succeeding last day of the month shall be prorated according to the proportion which such period bears to the full month ending on such date, and provided further that, upon any termination of this Agreement before the end of any month, such compensation for the period from the end of the last month ending prior to such termination to the date of termination, shall be prorated according to the proportion which such period bears to a full month, and shall be payable upon the date of termination. For the purpose of the Adviser's compensation, the value of the Fund's net assets shall be computed in the manner specified in its Articles of Incorporation or By-Laws in connection with the determination of the net asset value of its shares.

Fees of Adviser. For the services and facilities to be furnished by the Adviser hereunder, the Fund shall, commencing with the effective date of the first public offering of shares of the Fund, pay Adviser an annual fee equal to one-half one percent (1/21%) of the average net asset value of the Fixed Income Portfolio as ascertained on each business day and paid monthly. The compensation for the period from the effective date hereof to the next succeeding last day of the month shall be prorated according to the proportion which such period bears to the full month ending on such date, and provided further that, upon any termination of this Agreement before the end of any month, such compensation for the period from the end of the last month ending prior to such termination to the date of termination, shall be prorated according to the proportion which such period bears to a full month, and shall be payable upon the date of termination. For the purpose of the Adviser's compensation, the value of the Fund's net assets shall be computed in the manner specified in its Articles of Incorporation or By-Laws in connection with the determination of the net asset value of its shares.