Common use of SUB-ADVISER'S COMPENSATION Clause in Contracts

SUB-ADVISER'S COMPENSATION. The Adviser shall pay to the Sub-Adviser, as compensation for the Sub-Adviser’s services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Said fee shall be computed daily and paid not less than quarterly in arrears by the Adviser. A Fund shall have no responsibility for any fee payable to the Sub-Adviser. The Sub-Adviser shall be compensated based on the portion of Fund Assets allocated to the Sub-Adviser by the Adviser. The method for determining net assets of a Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund’s prospectus. During the initial term for which this Agreement becomes effective, the fee provided in this Section shall be subject to a pro rata adjustment based on the number of days the Agreement is effective during the quarter. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current quarter as a percentage of the total number of days in said quarter.

SUB-ADVISER'S COMPENSATION. The Adviser shall pay to the Sub-Adviser, on the calendar quarter in arrears, as compensation for the Sub-Adviser’s services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Said fee shall be computed based upon the average of daily assets reflected on the books and records of the administrator and paid not less than quarterly in arrears by the Adviser. A Fund shall have no responsibility for any fee payable to the Sub-Adviser. The Sub-Adviser shall be compensated based on the portion of Fund Assets allocated to the Sub-Adviser by the Adviser. The method for determining net assets of a Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund’s prospectus. During the initial term for which this Agreement becomes effective, the fee provided in this Section shall be subject to a pro rata adjustment based on the number of days the Agreement is effective during the quarter. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current quarter as a percentage of the total number of days in said quarter.