Approval by Board of Trustees. This Plan will not take effect until approved by a majority of both (i) the full Board of Trustees of the Trust, and (ii) those Trustees who are not “interested persons” of the Trust (as defined in the Investment Company Act of 1940, as amended (“1940 Act”)) and who have no direct or indirect financial interest in the operation of this Plan (the “Disinterested Trustees”).
Approval by Board of Trustees. The Salary and Leaves Committee shall submit annually the prioritized list of unit members recommended for sabbatical leave in sufficient time to be placed on the agenda for a February meeting of the Board of Trustees. The Board shall take action on the list of applicants for sabbatical leaves no later than the second regular Board meeting following the submission of the list. It is the intent of the District to advocate on behalf of ranked sabbaticals recommended to the Board.
Approval by Board of Trustees. This Agreement and the transactions contemplated by this Agreement will have been approved by the Board of Trustees of the Trust and each Acquired Fund's Shareholders in the manner required by the Trust's Amended and Restated Declaration of Trust, bylaws and applicable law.
