Common use of Compensation of the Investment Adviser Clause in Contracts

Compensation of the Investment Adviser. Management and Investment Advisory Fee. For the services rendered, the facilities furnished and expenses assumed by the Investment Adviser, the Portfolio shall pay to the Investment Adviser at the end of each calendar month a fee based upon the average daily value of the net assets of the Portfolio, as determined and computed in accordance with the description of the determination of net asset value contained in the Registration Statement, at the annual rate of 0.50% of the average daily net assets of the Portfolio, commencing on the day following effectiveness hereof. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for that part of the month this Agreement is in effect shall be prorated in a manner consistent with the calculation of the fee as set forth above. Payment of the Investment Adviser's compensation for the preceding month shall be made as promptly as possible after completion of the computations contemplated above. During any period when the determination of net asset value is suspended by the Trustees, the net asset value of a share as of the last business day prior to such suspension shall for this purpose be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Compensation of the Investment Adviser. Management and Investment Advisory Fee. For the services rendered, the facilities furnished and expenses assumed by the Investment Adviser, the Portfolio shall pay to the Investment Adviser at the end of each calendar month a fee based upon the average daily value of the net assets of the Portfolio, as determined and computed in accordance with the description of the determination of net asset value contained in the Registration Statement, at the annual rate of 0.500.75% of the average daily net assets of the Portfolio, commencing on the day following effectiveness hereof. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for that part of the month this Agreement is in effect shall be prorated in a manner consistent with the calculation of the fee as set forth above. Payment of the Investment Adviser's compensation for the preceding month shall be made as promptly as possible after completion of the computations contemplated above. During any period when the determination of net asset value is suspended by the Trustees, the net asset value of a share as of the last business day prior to such suspension shall for this purpose be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Compensation of the Investment Adviser. Management and (a) Investment Advisory Fee. For the services rendered, the facilities furnished and expenses assumed by the Investment Adviser, the Portfolio Trust shall pay to the Investment Adviser at the end of each calendar month a fee based upon at the annual rate of 0.21 of 1.0% of the average daily value of the net assets of the PortfolioLow Duration Master Portfolio of the Trust, as determined and computed in accordance with the description of the determination of net asset value contained in the Registration Statement, at the annual rate of 0.50% Statement of the average daily net assets of the Portfolio, commencing on the day following effectiveness hereofTrust. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for that part of the month this Agreement is in effect shall be prorated in a manner consistent with the calculation of the fee as set forth above. Payment Subject to the provisions of subsection (b) hereof, payment of the Investment Adviser's compensation for the preceding month shall be made as promptly as possible after completion of the computations contemplated aboveby subsection (b) hereof. During any period when the determination of net asset value is suspended by the Board of Trustees, the average net asset value of a share as of for the last business day prior to such suspension shall for this purpose be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Compensation of the Investment Adviser. Management and Investment Advisory Fee. For the services rendered, the facilities furnished and expenses assumed by the Investment Adviser, the Portfolio Fund shall pay to the Investment Adviser at the end of each calendar month a fee based upon the average daily value of the net assets of the PortfolioFund, as determined and computed in accordance with the description of the determination of net asset value contained in the Registration Statement, at the annual rate of 0.500.65% of the average daily net assets of the PortfolioFund, commencing on the day following effectiveness hereof. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for that part of the month this Agreement is in effect shall be prorated in a manner consistent with the calculation of the fee as set forth above. Payment of the Investment Adviser's compensation for the preceding month shall be made as promptly as possible after completion of the computations contemplated above. During any period when the determination of net asset value is suspended by the TrusteesDirectors, the net asset value of a share as of the last business day prior to such suspension shall for this purpose be deemed to be the net asset value at the close of each succeeding business day until it is again determined.

Compensation of the Investment Adviser. Management and Investment Advisory Fee. For the services rendered, the facilities furnished and expenses assumed by the Investment Adviser, the Portfolio shall pay to the Investment Adviser at the end of each calendar month a fee based upon the average daily value of the net assets of the Portfolio, as determined and computed in accordance with the description of the determination of net asset value contained in the Registration Statement, at the annual rate of 0.500.70% of the average daily net assets of the Portfolio, commencing on the day following effectiveness hereof. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for that part of the month this Agreement is in effect shall be prorated in a manner consistent with the calculation of the fee as set forth above. Payment of the Investment Adviser's compensation for the preceding month shall be made as promptly as possible after completion of the computations contemplated above. During any period when the determination of net asset value is suspended by the Trustees, the net asset value of a share as of the last business day prior to such suspension shall for this purpose be deemed to be the net asset value at the close of each succeeding business day until it is again determined.day

Compensation of the Investment Adviser. (a) Management and Investment Advisory Fee. For the services rendered, the facilities furnished and expenses assumed by the Investment Adviser, the Portfolio Fund shall pay to the Investment Adviser at the end of each calendar month a fee based upon the average daily value of the net assets of the PortfolioFund, as determined and computed in accordance with the description of the determination of net asset value contained in the Registration Statement, at the annual rate of 0.501.0625% of the average daily net assets of the PortfolioFund, commencing on the day following effectiveness hereof. If this Agreement becomes effective subsequent to the first day of a month or shall terminate before the last day of a month, compensation for that part of the month this Agreement is in effect shall be prorated in a manner consistent with the calculation of the fee as set forth above. Payment of the Investment Adviser's compensation for the preceding month shall be made as promptly as possible after completion of the computations contemplated above. During any period when the determination of net asset value is suspended by the TrusteesDirectors, the net asset value of a share as of the last business day prior to such suspension shall for this purpose be deemed to be the net asset value at the close of each succeeding business day until it is again determined.