Common use of Services as Sub-Adviser Clause in Contracts

Services as Sub-Adviser. Subject to the supervision, direction and approval of the Board of the Company and the Manager, the Sub-Adviser shall conduct a continual program of investment, evaluation and, if appropriate in the view of the Sub-Adviser, sale and reinvestment of the Fund's assets. The Sub-Adviser is authorized, in its sole discretion and without prior consultation with the Manager, to: (a) manage the Fund's assets in accordance with the Fund's investment objective(s) and policies as stated in the Prospectus and the Statement; (b) make investment decisions for the Fund; (c) place purchase and sale orders for portfolio transactions on behalf of the Fund; and (d) employ professional portfolio managers and securities analysts who provide research services to the Fund. In addition, (i) the Sub-Adviser shall furnish the Manager daily information concerning portfolio transactions and quarterly and annual reports concerning transactions and performance of the Fund in such form as may be mutually agreed upon, and the Sub-Adviser agrees to review the Fund and discuss the management of it with the Manager and the Board of Directors of the Company.

Services as Sub-Adviser. Subject to the supervision, direction and approval of the Board of the Company and the Manager, the Sub-Adviser shall conduct a continual program of investment, evaluation and, if appropriate in the view of the Sub-Adviser, sale and reinvestment of the FundPortfolio's assets. The Sub-Adviser is authorized, in its sole discretion and without prior consultation with the Manager, to: (a) manage the FundPortfolio's assets in accordance with the FundPortfolio's investment objective(s) and policies as stated in the Prospectus and the Statement; (b) make investment decisions for the FundPortfolio; (c) place purchase and sale orders for portfolio transactions on behalf of the FundPortfolio; and (d) employ professional portfolio managers and securities analysts who provide research services to the FundPortfolio. In addition, (i) the Sub-Adviser shall furnish the Manager daily information concerning portfolio transactions and quarterly and annual reports concerning transactions and performance of the Fund Portfolio in such form as may be mutually agreed uponby the Manager and the Sub-Adviser, and the Sub-Adviser agrees to review the Fund Portfolio and discuss the management of it thereof with the Manager and the Board of Directors of the CompanyBoard.

Services as Sub-Adviser. Subject to the supervision, direction and approval of the Board of the Company and the Manager, the Sub-Adviser shall conduct a continual program of investment, evaluation and, if appropriate in the view of the Sub-Adviser, sale and reinvestment of the Fund's Portfolios' assets. The Sub-Adviser is authorized, in its sole discretion and without prior consultation with the Manager, to: (a) manage the Fund's Portfolios' assets in accordance with the Fundeach Portfolio's investment objective(s) and policies as stated in the Prospectus and the Statement; (b) make investment decisions for the FundPortfolios; (c) place purchase and sale orders for portfolio transactions on behalf of the FundPortfolios; and (d) employ professional portfolio managers and securities analysts who provide research services to the FundPortfolios. In addition, (i) the Sub-Adviser shall furnish the Manager daily information concerning portfolio transactions and quarterly and annual reports concerning transactions and performance of the Fund Portfolios in such form as may be mutually agreed uponby the Manager and the Sub-Adviser, and the Sub-Adviser agrees to review the Fund Portfolio and discuss the management of it thereof with the Manager and the Board of Directors of the CompanyBoard.

Services as Sub-Adviser. Subject to the supervision, direction and approval of the Board of the Company and the Manager, the Sub-Adviser shall conduct a continual program of investment, evaluation and, if appropriate in the view of the Sub-Adviser, sale and reinvestment of the Fund's ’s assets. The Sub-Adviser is authorized, in its sole discretion and without prior consultation with the Manager, to: (a) manage the Fund's ’s assets in accordance with the Fund's ’s investment objective(s) and policies as stated in the Prospectus and the Statement; (b) make investment decisions for the Fund; (c) place purchase and sale orders for portfolio transactions on behalf of the Fund; and (d) employ professional portfolio managers and securities analysts who provide research services to the FundPortfolio. In addition, (i) the Sub-Adviser shall furnish the Manager daily information concerning portfolio transactions and quarterly and annual reports concerning transactions and performance of the Fund in such form as may be mutually agreed upon, and the Sub-Adviser agrees to review the Fund and discuss the management of it with the Manager and the Board of Directors of the Company.

Services as Sub-Adviser. Subject to the supervision, direction and approval of the Board of the Company and the Manager, the Sub-Adviser shall conduct a continual program of investment, evaluation and, if appropriate in the view of the Sub-Adviser, sale and reinvestment of the Fund's Portfolio’s assets. The Sub-Adviser is authorized, in its sole discretion and without prior consultation with the Manager, to: (a) manage the Fund's Portfolio’s assets in accordance with the Fund's Portfolio’s investment objective(s) and policies as stated in the Prospectus and the Statement; (b) make investment decisions for the FundPortfolio; (c) place purchase and sale orders for portfolio transactions on behalf of the FundPortfolio; and (d) employ professional portfolio managers and securities analysts who provide research services to the FundPortfolio. In addition, (i) the Sub-Adviser shall furnish the Manager daily information concerning portfolio transactions and quarterly and annual reports concerning transactions and performance of the Fund Portfolio in such form as may be mutually agreed upon, and the Sub-Adviser agrees to review the Fund Portfolio and discuss the management of it with the Manager and the Board of Directors of the Company.