SUB-ADVISORY COMPENSATION Sample Clauses
The sub-advisory compensation clause defines how and when a sub-advisor is paid for their services under an investment management agreement. Typically, this clause outlines the calculation method for the sub-advisor’s fees, such as a percentage of assets under management or a fixed amount, and specifies the payment schedule and any conditions for adjustments or reimbursements. Its core function is to ensure transparency and agreement on compensation terms, thereby preventing disputes and aligning expectations between the primary advisor and the sub-advisor.
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SUB-ADVISORY COMPENSATION. The Sub-Advisor shall be entitled to the compensation described in this Article 4 in connection with the services performed under this Agreement. The Sub-Advisor may assign any of its rights to receive such compensation or other payments under this Agreement to an Affiliate or third party, and the Company shall honor and pay directly the assignee of any such assignment.