Common use of Power to Contract, Appoint, Retain and Employ Clause in Contracts

Power to Contract, Appoint, Retain and Employ. (a) Subject to the provisions of Section 2.7 and Section 3.1 hereof with respect to delegation of authority by the Commission, the Commission shall have full and complete power to appoint, employ, retain, or contract with any Person of suitable qualifications and high repute (including one or more of the Commissioners and any corporation, partnership, trust or other entity of which one or more of the Commissioners may be an Affiliate, subject to the applicable requirements of Section 2.14 hereof) as the Commission may deem necessary, or desirable for the transaction of the affairs of the Commission, including any Person or Persons who, under the supervision of the Commission, may, among other things: (i) serve as the Commission’s investment adviser and consultant in connection with policy decisions made by the Commission; (ii) serve as the Fund’s administrator or co-administrators; (iii) furnish reports to the Commission and provide research, economic and statistical data in connection with the Fund’s investments; (iv) act as consultants, accountants, technical advisers, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians or agents for collection, insurers or insurance agents, registrars for Shares or in any other capacity deemed by the Commission to be necessary or desirable; (v) investigate, select, and, on behalf of the Commission, conduct relations with Persons acting in such capacities and pay appropriate fees to, and enter into appropriate contracts with, or employ, or retain services performed or to be performed by, any of them in connection with the investments acquired, sold, or otherwise disposed of, or committed, negotiated, or contemplated to be acquired, sold or otherwise disposed of; (vi) substitute any other Person for any such Person; (vii) act as attorney-in-fact or agent in the purchase or sale or other disposition of investments, and in the handling, prosecuting or other enforcement of any lien or security securing investments; and (viii) assist in the performance of such ministerial functions necessary in the management of the Fund as may be agreed upon with the Commission.

Power to Contract, Appoint, Retain and Employ. (a) Subject to the provisions of Section 2.7 and Section 3.1 hereof with respect to delegation of authority by the CommissionTrustees, the Commission Trustees shall have full and complete power to appoint, employ, retain, or contract with any Person of suitable qualifications and high repute (including one or more of the Commissioners themselves and any corporation, partnership, trust or other entity of which one or more of the Commissioners them may be an Affiliate, subject to the applicable requirements of Section 2.14 hereof) as the Commission Trustees may deem necessary, or desirable for the transaction of the affairs of the CommissionTrust, including any Person or Persons who, under the supervision of the CommissionTrustees, may, among other things: (i) serve as the CommissionTrust’s investment adviser Investment Adviser and consultant in connection with policy decisions made by the CommissionTrustees; (ii) serve as the FundTrust’s administrator Administrator or co-administratorsAdministrators; (iii) furnish reports to the Commission Trustees and provide research, economic and statistical data in connection with the FundTrust’s investments; (iv) act as consultants, accountants, technical advisersadvisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositariesdepositories, custodians or agents for collection, insurers or insurance agents, registrars for Shares Units or in any other capacity deemed by the Commission Trustees to be necessary or desirable; (v) investigate, select, and, on behalf of the CommissionTrust, conduct relations with Persons acting in such capacities and pay appropriate fees to, and enter into appropriate contracts contract with, or employ, or retain services performed or to be performed by, any of them in connection with the investments acquired, sold, or otherwise disposed of, or committed, negotiated, or contemplated to be acquired, sold or otherwise disposed of; (vi) substitute any other Person for any such Person; (vii) act as attorney-in-fact or agent in the purchase or sale or other disposition of investments, and in the handling, prosecuting or other enforcement of any lien or security securing investments; and (viii) assist in the performance of such ministerial functions necessary in the management of the Fund Trust as may be agreed upon with the CommissionTrustees.

Power to Contract, Appoint, Retain and Employ. (a) Subject to the provisions of Section 2.7 and Section 3.1 hereof with respect to delegation of authority by the CommissionBoard of Directors, the Commission Board of Directors shall have full and complete power to appoint, employ, retain, or contract with any Person of suitable qualifications and high repute (including including, without limitation, one or more of the Commissioners Directors and any corporation, partnership, trust or other entity Person of which one or more of the Commissioners Directors may be an Affiliate, subject to the applicable requirements of Section 2.14 2.13 hereof) as the Commission Board of Directors may deem necessary, or desirable for the transaction of the affairs of the CommissionBoard of Directors or the transaction of the affairs of any additional investment programs or services of any nature affiliated with the Program or otherwise contracted for or by the Program, including including, without limitation, any Person or Persons who, under the supervision of the CommissionBoard of Directors, may, among other things: (i) serve as the Commission’s Board of Directors’ investment adviser and consultant in connection with policy decisions made by the CommissionBoard of Directors; (ii) serve as the FundProgram’s administrator or co-administratorsadministrator; (iii) furnish reports to the Commission Board of Directors and provide research, economic and statistical data in connection with the FundProgram’s investments; (iv) act as consultants, accountants, technical advisers, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians or agents for collection, insurers or insurance agents, registrars for Shares or in any other capacity deemed by the Commission Board of Directors to be necessary or desirable; (v) investigate, select, and, on behalf of the CommissionBoard of Directors, conduct relations with Persons acting in such capacities and pay appropriate fees to, and enter into appropriate contracts with, or employ, or retain services performed or to be performed by, any of them in connection with the investments acquired, sold, or otherwise disposed of, or committed, negotiated, or contemplated to be acquired, sold or otherwise disposed of; (vi) substitute any other Person for any such Person; (vii) act as attorney-in-fact or agent in the purchase or sale or other disposition of investments, and in the handling, prosecuting or other enforcement of any lien or security securing investments; and (viii) assist in the performance of such ministerial functions necessary in the management of the Fund Program as may be agreed upon with the CommissionBoard of Directors; and (ix) any of the foregoing as may be agreed upon by the Board of Directors with regard to any additional investment and non-investment programs and services for the benefit of the Participants.

Power to Contract, Appoint, Retain and Employ. (a) Subject to the provisions of Section 2.7 and Section 3.1 hereof with respect to delegation of authority by the CommissionTrustees, the Commission Trustees shall have full and complete power to appoint, employ, retain, or contract with any Person of suitable qualifications and high repute (including one or more of the Commissioners and any corporation, partnership, trust or other entity of which one or more of the Commissioners may be an Affiliate, subject to the applicable requirements of Section 2.14 hereof) as the Commission Trustees may deem necessary, or desirable for the transaction of the affairs of the CommissionTrust, including any Person or Persons who, under the supervision of the CommissionTrustees, may, among other things: (i) serve as the Commission’s Trust's investment adviser and consultant in connection with policy decisions made by the CommissionTrustees; (ii) serve as the Fund’s Trust's administrator or co-administrators; (iii) furnish reports to the Commission Trustees and provide research, economic and statistical data in connection with the Fund’s Trust's investments; (iv) act as consultants, accountants, technical advisers, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians or agents for collection, insurers or insurance agents, registrars for Shares Units or in any other capacity deemed by the Commission Trustees to be necessary or desirable; (v) investigate, select, and, on behalf of the CommissionTrust, conduct relations with Persons acting in such capacities and pay appropriate fees to, and enter into appropriate contracts with, or employ, or retain services performed or to be performed by, any of them in connection with the investments acquired, sold, or otherwise disposed of, or committed, negotiated, or contemplated to be acquired, sold or otherwise disposed of; (vi) substitute any other Person for any such Person; (vii) act as attorney-in-fact or agent in the purchase or sale or other disposition of investments, and in the handling, prosecuting or other enforcement of any lien or security securing investments; and (viii) assist in the performance of such ministerial functions necessary in the management of the Fund Trust as may be agreed upon with the CommissionTrustees. . (b) The manner of employing, engaging, compensating, transferring or discharging any Person as an employee of the Trust shall be subject to Iowa law. For purposes of the preceding sentence, "employee of the Trust" shall not include independent contractors such as the Adviser, the Administrator, the Custodian, counsel or independent accountants and their respective employees.