TERMINATION; NO ASSIGNMENT. (a) This Agreement may be terminated by the Fund on behalf of a Series at any time without payment of any penalty, by the Board of Directors or by vote of a majority of the outstanding voting securities of the Series, upon sixty (60) days’ written notice to the Advisor, and by the Advisor upon sixty (60) days’ written notice to the Series. In the event of a termination, the Advisor shall cooperate in the orderly transfer of the Series’ affairs and, at the request of the Board of Directors, transfer, at the Series’ expense, any and all books and records of the Series maintained by the Advisor on behalf of the Series. (b) This Agreement shall terminate automatically in the event of its assignment. The term “assignment” shall have the meaning set forth in the 1940 Act.
Appears in 4 contracts
Samples: Investment Advisory Agreement (Manning & Napier Fund, Inc.), Investment Advisory Agreement (Manning & Napier Fund, Inc.), Investment Advisory Agreement (Manning & Napier Fund, Inc.)
