Common use of Activities of the Subadviser Clause in Contracts

Activities of the Subadviser. The services of the Subadviser hereunder are not to be deemed exclusive, and the Subadviser shall be free to render similar services to others and to engage in other activities, so long as the services rendered hereunder are not impaired. It is understood that the Subadviser may give advice or take action for its other clients which may differ from advice given, or the timing or nature of action taken, for the Portfolio. The Subadviser shall be subject to a written code of ethics adopted by it that conforms to the requirements of Rule 17j-1(b) of the 1940 Act, and shall not be subject to any other code of ethics, including the Adviser’s code of ethics, unless specifically adopted by the Subadviser.

Activities of the Subadviser. The services of the Subadviser hereunder are not to be deemed exclusive, and the Subadviser shall be free to render similar services to others and to engage in other activities, so long as the services rendered hereunder are not impaired. It is understood that Notwithstanding the foregoing, the Subadviser may give advice will not offer any other investment strategies using the Model either directly or take action for its other clients which may differ indirectly through any third party from advice giventhe date hereof through December 31, or the timing or nature of action taken, for the Portfolio2011. The Subadviser shall be subject to a written code of ethics adopted by it that conforms to the requirements of Rule 17j-1(b) of the 1940 Act, and shall not be subject to any other code of ethics, including the Adviser’s code of ethics, unless specifically adopted by the Subadviser.

Activities of the Subadviser. The services of the Subadviser hereunder are not to be deemed exclusive, and the Subadviser shall be free to render similar services to others and to engage in other activities, so long as the services rendered hereunder are not impaired. It is understood that the Subadviser may give advice or take action for its other clients which may differ from advice given, or the timing or nature of action taken, for the Portfolio. The Subadviser shall be subject to a written code of ethics adopted by it that conforms to the requirements of Rule 17j-1(b17j-l(b) of the 1940 Act, and shall not be subject to any other code of ethics, including the Adviser’s code of ethics, unless specifically adopted by the Subadviser.