Common use of Other Investment Managers Clause in Contracts

Other Investment Managers. ‌ Despite Section 7.2, after December 31, 2002 the Board may appoint agencies other than the Investment Management Corporation as the investment manager(s) of some or all of the Pension Fund if, in the opinion of the Board, the alternative funds management services are in the best financial interests of the Plan Members. If the Board appoints investment managers other than the Investment Management Corporation, it shall do so upon terms satisfactory to the Board, which terms shall be set out in an investment management agreement between the Board and the investment manager.

Other Investment Managers. ‌ Despite Section 7.2, after December 31, 2002 the Board may appoint agencies other than the Investment Management Corporation as the investment manager(s) of some or all of the Pension Fund if, in the opinion of the Board, the alternative funds management services are in the best financial interests of the Plan Members. If the Board appoints investment managers other than the Investment Management Corporation, it shall do so upon terms satisfactory to the Board, which terms shall be set out in an investment management agreement between the Board and the investment manager.

Other Investment Managers. ‌ Despite Section 7.2, after December March 31, 2002 the Board may appoint agencies other than the Investment Management Corporation as the investment manager(s) of some or all of the Pension Fund if, in the opinion of the Board, the alternative funds management services are in the best financial interests of the Plan Members. If the Board appoints investment managers other than the Investment Management Corporation, it shall do so upon terms satisfactory to the Board, Board which terms shall be set out in an investment management agreement between the Board and the investment manager.