Common use of PROVISION OF INVESTMENT MANAGEMENT SERVICES Clause in Contracts

PROVISION OF INVESTMENT MANAGEMENT SERVICES. Xxxx Price will provide for the Subject Fund's assets as may be designated to it by JHLICO from time to time (the "Subject Assets") a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of said Fund, as established by the Trust and JHLICO. From time to time, the Board of Trustees of the Trust may provide X. Xxxx Price with additional or amended investment policies, guidelines and restrictions. X. Xxxx Price, as sub-manager, will manage the investment and reinvestment of the Subject Assets, and perform the functions set forth below, subject to the overall supervision, direction, control and review of JHLICO and the Board of Trustees of the Trust, consistent with the applicable investment policies, guidelines and restrictions, the provisions of the Trust's Declaration of Trust, Bylaws, prospectus, statement of additional information (each as in effect from time to time), the 1940 Act and all other applicable laws and regulations (including any applicable investment restrictions imposed by state insurance laws and regulations or any directions or instructions delivered to X. Xxxx Price in writing by JHLICO or the Trust from time to time). In the event that, in addition to X. Xxxx Price, other investment advisers or sub-managers are appointed by the Trust or JHLICO to render investment advisory services to the Subject Fund, JHLICO and the Trust each acknowledges and agrees that X. Xxxx Price will not be held responsible for such other investment advisers' or sub-managers' compliance with policies and limitations applicable to the Subject Fund. By its signature below, X. Xxxx Price acknowledges receipt of a copy of the Trust's Declaration of Trust, Bylaws, prospectus, and statement of additional information, each as in effect on the date of this Agreement.

PROVISION OF INVESTMENT MANAGEMENT SERVICES. Xxxx Price Wellington Management will provide for the Subject Fund's assets as may be designated to it by JHLICO from time to time (the "Subject Assets") a continuing and suitable investment program consistent with the investment objectives, policies, objectives guidelines and restrictions of said Fund, as established by the Trust and JHLICO. From time to time, the Board of Trustees of JHLICO or the Trust may provide X. Xxxx Price Wellington Management with additional or amended investment policies, guidelines and restrictions. X. Xxxx PriceWellington Management, as sub-investment manager, will manage the investment and reinvestment of the Subject Assets, and perform the functions set forth below, (i) subject to the overall supervision, direction, control and review of JHLICO and the Board of Trustees of the Trust, and (ii) consistent with the applicable investment objectives, policies, guidelines and restrictions, the provisions of the Trust's Declaration of Trust, BylawsBy-laws, prospectus, statement of additional information (each as in effect from time to time), the 1940 Act and all other applicable laws and regulations (including any applicable investment restrictions imposed by state insurance laws and regulations or any other directions or instructions delivered to X. Xxxx Price Wellington Management in writing by JHLICO or the Trust from time to time). In the event that, in addition to X. Xxxx PriceWellington Management, other investment advisers or sub-managers are appointed by the Trust or JHLICO to render investment advisory services to the Subject Fund, JHLICO and the Trust each acknowledges and agrees that X. Xxxx Price Wellington Management will not be held responsible for such other investment advisers' or sub-managers' compliance with policies and limitations applicable to the Subject Fund. By its signature below, X. Xxxx Price Wellington Management acknowledges receipt of a copy of the Trust's Declaration of Trust, BylawsBy-laws, prospectus, and statement of additional information, each as in effect on the date of this Agreement. Wellington Management will, at its own expense: (a) advise the Trust in connection with investment policy decisions to be made by its Board of Trustees or any committee thereof regarding the Subject Assets and, upon request, furnish the Trust with research, economic and statistical data in connection with said Fund's investments and investment policies; (b) submit such reports and information as JHLICO or the Trust's Board of Trustees may reasonably request, to assist the custodian in its determination of the market value of securities held in the Subject Assets; (c) place orders for purchases and sales of portfolio investments for the Subject Assets; (d) give instructions to the Subject Fund's custodian concerning the delivery of securities and transfer of cash for the Subject Assets; (e) maintain and preserve the records relating to its activities hereunder required by the 1940 Act to be maintained and preserved by the Trust, to the extent not maintained by the custodian, transfer agent or JHLICO; (f) at or prior to the close of business each day, provide JHLICO and the custodian with trade information for each transaction effected for the Subject Assets, and promptly provide to the custodian information on all brokerage or dealer confirmations; (g) as soon as practicable following the end of each calendar month, provide JHLICO with information on all transactions effected for the Subject Assets during the month, a summary listing all investments held in such Subject Assets as of the last day of the month, 108 and such other information as JHLICO may reasonably request in connection with the accounting services that JHLICO provides for the Subject Fund; and (h) absent specific instructions to the contrary provided to it by JHLICO and subject to its receipt of all necessary voting materials, vote all proxies with respect to investments of the Subject Assets in accordance with Wellington Management's proxy voting policy as most recently provided to JHLICO. On its own initiative, Wellington Management will apprise JHLICO and the Trust of important political and economic developments materially affecting the marketplace or the Subject Fund, and will furnish JHLICO and the Trust's Board of Trustees from time to time such information as is appropriate for this purpose. Wellington Management will also make its personnel available in Boston, Massachusetts or other reasonable locations as often as quarterly to discuss the Subject Assets and Wellington Management's management thereof, to educate JHLICO sales personnel with respect thereto, and for such other purposes as the Trust or JHLICO may reasonably request. The Trust and JHLICO will provide timely information to Wellington Management regarding such matters as purchases and redemptions of shares in the Subject Fund and the cash requirements of, and cash available for investment in, the Subject Fund. JHLICO will timely provide Wellington Management with monthly accounting statements for the Subject Assets, and such other information (including, without limitation, reports concerning the classification of the Subject Assets' securities for purposes of Subchapter M of the Internal Revenue Code and Treasury Regulations Section 1.817) as may be reasonably necessary or appropriate in order for Wellington Management to perform its responsibilities hereunder.

PROVISION OF INVESTMENT MANAGEMENT SERVICES. Xxxx Price will provide for the Subject Fund's assets as may be designated to it by JHLICO from time to time (the "Subject Assets") a continuing and suitable investment program consistent with the investment policies, objectives and restrictions of said Fund, as established by the Trust and JHLICO. From time to time, the Board of Trustees of the Trust may provide X. Xxxx Price with additional or amended investment policies, guidelines and restrictions. X. Xxxx Price, as sub-manager, will manage the investment and reinvestment of the assets in the Subject AssetsFund, and perform the functions set forth below, subject to the overall supervision, direction, control and review of JHLICO and the Board of Trustees of the Trust, consistent with the applicable investment policies, guidelines and restrictions, the provisions of the Trust's Declaration of Trust, Bylaws, prospectus, statement of additional information (each as in effect from time to time), the 1940 Act and all other applicable laws and regulations (including any applicable investment restrictions imposed by state insurance laws and regulations or any directions or instructions delivered to X. Xxxx Price in writing by JHLICO or the Trust from time to time). In the event that, in addition to X. Xxxx Price, other investment advisers or sub-managers are appointed by the Trust or JHLICO to render investment advisory services to the Subject Fund, JHLICO and the Trust each acknowledges and agrees that X. Xxxx Price will not be held responsible for such other investment advisers' or sub-managers' compliance with policies and limitations applicable to the Subject Fund. By its signature below, X. Xxxx Price acknowledges receipt of a copy of the Trust's Declaration of Trust, Bylaws, prospectus, and statement of additional information, each as in effect on the date of this Agreement.