Common use of Retention of Sub-Advisor Clause in Contracts

Retention of Sub-Advisor. Advisor hereby retains Sub-Advisor to assist Advisor in its capacity as investment advisor for the Sub-Fund. Subject to the oversight and review of Advisor and the Board of Directors of the Fund, Sub-Advisor shall manage the investment and reinvestment of the assets of the Sub-Fund. Sub-Advisor will determine in its discretion, subject to the general oversight and review of Advisor, the investments to be purchased or sold, will provide Advisor with records concerning its activities which Advisor or the Fund is required to maintain and will render regular reports to Advisor and to officers and Directors of the Fund concerning its discharge of the foregoing responsibilities.

Retention of Sub-Advisor. Advisor hereby retains Sub-Advisor to assist Advisor in its capacity as investment advisor for the Sub-Fund. Subject to the oversight and review of Advisor and the Board of Directors of the Fund, Sub-Advisor shall manage the investment and reinvestment of the assets of the Sub-Fund. Sub-Advisor will determine in its discretion, subject to the general oversight and review of Advisor, the investments to be purchased or sold, will provide Advisor with records concerning its activities which Advisor or the Fund is required to maintain and will render regular reports to Advisor and to officers and Directors of the Fund concerning its discharge of the foregoing responsibilities.

Retention of Sub-Advisor. a. Advisor hereby retains Sub-Advisor to assist Advisor in its capacity as investment advisor for the Sub-Fund. Subject to the oversight and review of Advisor and the Board of Directors of the FundCompany, Sub-Advisor shall manage the investment and reinvestment of the assets of the Sub-Fund. Sub-Advisor will determine in its discretion, subject to the general oversight and review of Advisor, the investments to be purchased or sold, will provide Advisor with records concerning its activities which Advisor or the Fund Company is required to maintain and will render regular reports to Advisor and to officers and Directors of the Fund Company concerning its discharge of the foregoing responsibilities.

Retention of Sub-Advisor. Advisor hereby retains Sub-Advisor to assist Advisor in its capacity as investment advisor adviser for the Sub-FundTrusts. Subject to the oversight and review of Advisor and the Board of Directors Trustees of the FundTrust, Sub-Advisor shall manage the investment and reinvestment of the assets of the Sub-FundTrusts. Sub-Advisor will determine in its discretion, subject to the general oversight and review of Advisor, the investments to be purchased or sold, will provide Advisor with records concerning its activities which Advisor or the Fund Trust is required to maintain and will render regular reports to Advisor and to officers and Directors Trustees of the Fund Trust concerning its discharge of the foregoing responsibilities.

Retention of Sub-Advisor. Advisor hereby retains Sub-Advisor to assist Advisor in its capacity as investment advisor adviser for the Sub-FundTrusts. Subject to the oversight and review of Advisor and the Board of Directors Trustees of the FundTrust, Sub-Advisor shall manage the investment and reinvestment of the assets of the Sub-FundTrusts. Sub-Advisor will determine in its discretion, subject to the general oversight and review of Advisor, the investments to be purchased or sold, will provide Advisor with records (if any) concerning its activities which Advisor or pursuant to the Fund is required to maintain agreement and will render regular reports to Advisor and to officers and Directors Trustees of the Fund Trust concerning its discharge of the foregoing responsibilities.

Retention of Sub-Advisor. Advisor hereby retains Sub-Advisor to assist Advisor in its capacity as investment advisor for the Sub-FundFunds. Subject to the oversight and review of Advisor and the Board of Directors of the Fund, Sub-Advisor shall manage the investment and reinvestment of the assets of the Sub-FundFunds. Sub-Advisor will determine in its discretion, subject to the general oversight and review of Advisor, the investments to be purchased or sold, will provide Advisor with records concerning its activities which Advisor or the Fund is required to maintain and will render regular reports to Advisor and to officers and Directors of the Fund concerning its discharge of the foregoing responsibilities.