Exhibit 99(d)(19)
AMENDMENT NO. 1
TO
SUB-INVESTMENT ADVISORY AGREEMENT
THE GLENMEDE FUND, INC.
(INTERNATIONAL PORTFOLIO)
The Sub-Investment Advisory Agreement dated January 1, 2002, by and among
The Glenmede Fund, Inc. (the "Fund"), Glenmede Advisers, Inc. and Philadelphia
International Advisors LP (the "Agreement") is hereby amended as follows:
Paragraph 9, SERVICES TO OTHER COMPANIES AND ACCOUNTS, is amended and
restated in its entirety as follows:
9. SERVICES TO OTHER COMPANIES OR ACCOUNTS
The services of the Sub-Adviser to the Company and the Adviser are not to
be deemed exclusive, and the Sub-Adviser shall be free to render similar
services to others so long as its services to the Company and the Adviser are
not impaired thereby, PROVIDED HOWEVER, that the Sub-Adviser may not consult
with any other sub-adviser of the Company, or affiliated person of such
sub-adviser, concerning transactions of the International Portfolio in
securities or other assets, including transactions in which the other
sub-adviser or its affiliate acts as a principal underwriter concerning
securities transactions of the International Portfolio.
Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Agreement.
Except as expressly amended and modified hereby, all provisions of the
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties
hereto have caused this instrument to be executed by their officers designated
below as of March 17, 2003.
THE GLENMEDE FUND, INC.
By: /s/ Xxxx Xxx X. Xxxxx
---------------------
Title: President
GLENMEDE ADVISERS, INC.
By: /s/ Xxxxxxx X. Xxxxxxx
----------------------
Title: First Vice President
PHILADELPHIA INTERNATIONAL ADVISORS LP
By: Philadelphia International Partners LP, its
General Partner
By: XX Xxxxxxxx Company LLC, its General Partner
By: /s/ Xxxxxx X. Xxxxxxxx
----------------------
Xxxxxx X. Xxxxxxxx
its Managing Member
2
