Common use of Retention of the Administrator Clause in Contracts

Retention of the Administrator. Trust hereby retains the Administrator to furnish the Portfolios with accounting and administrative services as set forth in Article 2 below. The Administrator hereby accepts such employment to perform the duties set forth below. The Administrator shall, for all purposes herein, be deemed to be an independent contractor.

Retention of the Administrator. The Trust hereby retains ------------------------------ the Administrator to act as the administrator of the Portfolios and to furnish the Portfolios with accounting the management and administrative services as set forth in Article 2 below. The Administrator hereby accepts such employment to perform the duties set forth below. The Administrator shall, for all purposes herein, be deemed to be an independent contractorcontractor and, unless otherwise expressly provided or authorized, shall have no authority to act for or represent the Trust in any way and shall not be deemed an agent of the Trust.

Retention of the Administrator. The Trust hereby retains the Administrator to furnish the Portfolios with accounting and administrative services as set forth in Article 2 below. The Administrator hereby accepts such employment to perform the duties set forth below. The Administrator shall, for all purposes herein, be deemed to be an independent contractor.

Retention of the Administrator. The Trust hereby retains the ------------------------------ Administrator to act as the administrator of the Portfolios and to furnish the Portfolios with accounting and the administrative services as set forth in Article 2 below. The Administrator hereby accepts such employment to perform the duties set forth below. The Administrator shall, for all purposes herein, be deemed to be an independent contractor.