Common use of Compensation and Expenses of Trustees Clause in Contracts

Compensation and Expenses of Trustees. The Trustees may receive compensation for the services they perform for the Fund in an amount to be determined by the Trustees; provided, however, that any change in compensation previously reported to Unitholders as being paid to the Trustees shall be reported in the shareholder report next published and distributed to Unitholders after this change. Compensation of the Trustees as provided herein, as well as the compensation of any agent, employee or counsel of the Trustees and the expenses of administering the Fund shall be paid from the assets of the Fund.

Appears in 12 contracts

Samples: Fund Agreement (Elfun Tax Exempt Income Fund), Fund Agreement (Elfun Government Money Market Fund), Elfun Trusts (Elfun Trusts)

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