Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS will present its plan of action to the Board prior to taking such action. Under such circumstances NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through NLCS. If the Board approves the new Chief Compliance Officer, the contract would continue as amended to reflect the new Chief Compliance Officer. If, the Board chooses to engage its own Chief Compliance Officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, the contract with NLCS would end, and the Trust would pay NLCS only for fees and Out of Pocket Expenses accrued up to the point in time when the Board’s new Chief Compliance Officer officially assumes responsibility.
Prevention of Termination. If NLCS wishes to dismiss the CCO under the terms of NLCS’s arrangement with the CCO, NLCS will present its plan of action to the Board prior to taking such action. Under such circumstances NLCS may, at its own discretion, offer to present another CCO candidate to the Board that would work through NLCS. If the Board approves the new CCO, the contract would continue as amended to reflect the new CCO. If, the Board chooses to engage its own CCO as a result of NLCS dismissing the CCO under this Agreement, the contract with NLCS would end, and the Trust would pay NLCS only for fees and Out of Pocket Expenses accrued up to the point in time when the Board’s new CCO officially assumes responsibility.
Prevention of Termination. If NLCS wishes to dismiss the Chief Compliance Officer under the terms of NLCS’s arrangement with the Chief Compliance Officer, NLCS, to the extent possible, will present its plan of action to the Board prior to taking such action. Under such circumstances, NLCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board who would work through NLCS. If the Board approves the new Chief Compliance Officer, this Agreement will continue and be deemed amended to reflect the new Chief Compliance Officer. If the Board chooses to engage its own chief compliance officer as a result of NLCS dismissing the Chief Compliance Officer under this Agreement, this Agreement will terminate, and the Trust will be obligated to pay NLCS only for fees and reimbursable expenses accrued up to the point in time when the Board’s new chief compliance officer officially assumes responsibility, or NLCS’s Chief Compliance Officer is terminated, whichever occurs first.
Prevention of Termination. If FCS wishes to dismiss the Chief Compliance Officer under the terms of FCS’s contract with the Chief Compliance Officer, then FCS will present its plan of action to the Board prior to taking such action. Under such circumstances FCS may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through FCS. If the Board approves the new Chief Compliance Officer, the contract would continue as amended to reflect the new Chief Compliance Officer. If, the Board chooses to engage its own Chief Compliance Officer as a result of FCS dismissing the Chief Compliance Officer under this Agreement, the contract with FCS would end, and the Trust would pay FCS only for fees and Out of Pocket Expenses accrued up to the point in time when the Board’s new Chief Compliance Officer officially assumes responsibility.
Prevention of Termination. If CCS wishes to dismiss the Chief Compliance Officer under the terms of CCS’s arrangement with the Chief Compliance Officer, CCS will present its plan of action to the Companies’ boards of directors and trustees prior to taking such action. Under such circumstances, CCS may, at its own discretion, offer to present to the boards of directors and trustees of the Companies another candidate for Chief Compliance Officer who would work through CCS. The Agreement would continue with respect to each Company or Fund as to which the applicable board of directors or trustees approves the new Chief Compliance Officer proposed by CCS. For any Fund or Company as to which the applicable board of directors or trustees chooses to engage its own Chief Compliance Officer as a result of CCS dismissing the Chief Compliance Officer under this Agreement, the Agreement with respect to that Fund or Company would terminate and the applicable Fund or Company would pay CCS only for such fees and out-of-pocket expenses (as defined in Schedule B hereto) as are accrued up to the time when the new Chief Compliance Officer officially assumes responsibility. CCS will make every effort to assist the applicable board of directors or trustees in a smooth transition during this period.
Prevention of Termination. If AP wishes to dismiss the Chief Compliance Officer under the terms of AP's arrangement with the Chief Compliance Officer, AP will present its plan of action to the Board prior to taking such action. Under such circumstances AP may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through AP. If the Board approves the new Chief Compliance Officer, the contract would continue as amended to reflect the new Chief Compliance Officer. If, the Board chooses to engage its own Chief Compliance Officer as a result of AP dismissing the Chief Compliance Officer under this Agreement, the contract with AP would end, and the Trust would pay AP only for fees and Out of Pocket Expenses accrued up to the point in time when the Board's new Chief Compliance Officer officially assumes responsibility.
Prevention of Termination. If FCS wishes to dismiss the CCO under the terms of FCS’s contract with the CCO, then FCS will present its plan of action to the Board prior to taking such action. Under such circumstances FCS may offer to present another CCO candidate to the Board that would work through FCS. If the Board approves the new CCO, the contract would continue as amended to reflect the new CCO. If, the Board chooses to engage its own CCO as a result of FCS dismissing the CCO under this Agreement, the contract with FCS would end, and the Trust would pay FCS only for fees and Out of Pocket Expenses accrued up to the point in time when the Board’s new CCO officially assumes responsibility.
Prevention of Termination. If AP wishes to dismiss the LPA under the terms of AP's arrangement with the LPA, AP will present its plan of action to the Board prior to taking such action. Under such circumstances AP may, at its own discretion, offer to present another LPA candidate to the Board that would work through AP. If the Board approves the new LPA, the contract would continue. If, the Board chooses to engage its own LPA as a result of AP dismissing the LPA under this Agreement, the contract with AP would end, and the Trust would pay AP only for fees and out-of-pocket expenses accrued up to the point in time when the Board's LPA officially assumes responsibility.
Prevention of Termination. If CAG wishes to dismiss the Chief Compliance Officer under the terms of CAG's arrangement with the Chief Compliance Officer, CAG will present its plan of action to the Board prior to taking such action. Under such circumstances CAG may, at its own discretion, offer to present another Chief Compliance Officer candidate to the Board that would work through CAG. If the Board approves the new Chief Compliance Officer, the contract would continue as amended to reflect the new Chief Compliance Officer. If, the Board chooses to engage its own Chief Compliance Officer as a result of CAG dismissing the Chief Compliance Officer under this Agreement, the contract with CAG would end, and the Trust would pay CAG only for fees and Out of Pocket Expenses accrued up to the point in time when the Board's new Chief Compliance Officer officially assumes responsibility.
Prevention of Termination. If NLCS wishes to dismiss the Officer under the terms of NLCS’s arrangement with the Officer, NLCS will present its plan of action to the Board prior to taking such action. Under such circumstances NLCS may, at its own discretion, offer to present another Officer candidate to the Board that would work through NLCS. If the Board approves the new Officer, the contract would continue as amended to reflect the new Officer. If, the Board chooses to engage its own Officer as a result of NLCS dismissing the Officer under this Agreement, the contract with NLCS would end, and the Company would pay NLCS only for fees and Out of Pocket Expenses accrued up to the point in time when the Board’s newly appointed Officer officially assumes responsibility.
