(d)(22)
AMENDMENT NO. 1
TO
INVESTMENT ADVISORY AGREEMENT
THE GLENMEDE FUND, INC.
(U.S. EMERGING GROWTH PORTFOLIO, FORMERLY SMALL CAPITALIZATION GROWTH
PORTFOLIO)
The Investment Advisory Agreement dated December 29, 1999, by and between
The Glenmede Fund, Inc. (the "Fund") and Glenmede Advisers, Inc. (the
"Agreement") is hereby amended effective as of August 1, 2005 as follows:
Paragraph 3, COMPENSATION OF THE ADVISER, is amended and restated in its
entirety as follows:
3. COMPENSATION OF THE ADVISER
For the services provided and the expenses assumed pursuant to this
Agreement, effective as of the date hereof, the Portfolio will pay the Adviser
and the Adviser will accept as full compensation therefor, a fee computed daily
and paid monthly (in arrears), at an annual rate of .55% of the average daily
net assets held in the 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 August 1, 2005.
THE GLENMEDE FUND, INC.
By: /s/Xxxx Xxx X. Xxxxx
--------------------------
Title: President
GLENMEDE ADVISERS, INC.
By: /s/Xxxxxxxx X. Xxxxxxx
--------------------------
Title: Vice President
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