Common use of Prospectus of the Funds Clause in Contracts

Prospectus of the Funds. 4. For the services to be provided by the Sub-Adviser pursuant to this Agreement for the Portfolios, the Fund will pay to the Sub-Adviser as full compensation therefor a fee at an annual rate equal to a percentage of each Portfolio’s average daily net assets, as set forth on Schedule A (net of 50% of any waivers, reimbursement payments, supermarket fees and alliance fees waived, reimbursed or paid by the Adviser in respect of each Portfolio). This fee will be paid to the Sub-Adviser from the assets of the Fund. This fee will be computed daily and paid to the Sub-Adviser monthly. For the avoidance of doubt, the sub-advisory fee will not be paid from the Adviser’s advisory fee for such Portfolio. To the extent that the Adviser is reimbursed by the Trust for any waived fees or reimbursed expenses pursuant to the terms of a separate expense limitation agreement between the Trust and the Adviser, the Adviser will pay to the Sub-Adviser its pro-rata share of any such reimbursed amount.

Prospectus of the Funds. 4. For the services to be provided by the Sub-Adviser pursuant to this Agreement for the Portfolios, the Fund will pay to the Sub-Adviser as full compensation therefor a fee at an annual rate equal to a percentage of each Portfolio’s average daily net assets, as set forth on Schedule A (net of 50% of any waivers, reimbursement payments, supermarket fees and alliance fees waived, reimbursed or paid by the Adviser in respect of each Portfolio, except the Old Mutual Growth Fund). This fee will be paid to the Sub-Adviser from the assets of the Fund. This fee will be computed daily and paid to the Sub-Adviser monthly. For the avoidance of doubt, the sub-advisory fee will not be paid from the Adviser’s advisory fee for such Portfolio. To the extent that the Adviser is reimbursed by the Trust for any waived fees or reimbursed expenses pursuant to the terms of a separate expense limitation agreement between the Trust and the Adviser, the Adviser will pay to the Sub-Adviser its pro-rata share of any such reimbursed amount.