Common use of Sub-Investment Advisors Clause in Contracts

Sub-Investment Advisors. The Governing Board may also authorize the Investment Advisor to employ one or more sub- investment advisors from time-to-time. Any sub-investment advisor may perform such of the acts and services of the Investment Advisor and upon such terms and conditions as may be agreed upon between the Investment Advisor and such sub-investment advisor.

Sub-Investment Advisors. ‌ The Governing Board may also authorize the Investment Advisor to employ one or more sub- investment advisors from time-to-time. Any sub-investment advisor may perform such of the acts and services of the Investment Advisor and upon such terms and conditions as may be agreed upon between the Investment Advisor and such sub-investment advisor.

Sub-Investment Advisors. The Governing Board may also authorize the Investment Advisor to employ one or more sub- investment advisors Sub-Investment Advisors from time-to-time to time. Any subSub-investment advisor Investment Advisor may perform such of the acts and services of the Investment Advisor Advisor, and upon such terms and conditions conditions, as may be agreed upon between the Investment Advisor and such subSub-investment advisorInvestment Advisor.