Common use of Continuation and Termination Clause in Contracts

Continuation and Termination. This Agreement shall become effective on the date first written above. Unless terminated as provided herein, the Agreement shall continue in full force and effect with respect to each Series for an initial period of two years and shall continue from year to year thereafter with respect to each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trust. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.

Continuation and Termination. This Agreement shall become effective on the date first written aboveabove written, if approved by the Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 1940 Act). Unless terminated as provided herein, the Agreement shall continue in full force and effect with respect to each Series for an initial a period of two years and shall continue one year from year to year thereafter with respect to each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trustdate first above written. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) 60 days’ ' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ ' written notice to the Trust.

Continuation and Termination. This Agreement shall become effective on ----------------------------- the date first written aboveabove written, if approved by the Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 1940 Act). Unless terminated as provided herein, the Agreement shall continue in full force and effect with respect to each Series for an initial a period of two years and shall continue one year from year to year thereafter with respect to each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trustdate first above written. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) 60 days’ ' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ ' written notice to the Trust.

Continuation and Termination. This Agreement shall become effective on as of the date first above written above. Unless terminated as provided herein, the Agreement shall continue in full force and effect with respect to each Series for an initial period of two years and shall continue from year to year thereafter with respect to each Series remain in force continuously thereafter, but only so long as such continuance is specifically approved at least annually by the vote Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the Board of Trustees of the Trust1940 Act). This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) 60 days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.

Continuation and Termination. This Agreement shall become effective on the date first written aboveabove written, if approved by the Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 1940 Act). Unless terminated as provided herein, the Agreement shall continue in full force and effect with respect to each Series for an initial period of two years and shall continue from year to year thereafter with respect to each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trustthrough December 31, 2012. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) 60 days’ ' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ ' written notice to the Trust.

Continuation and Termination. This Agreement shall become effective on ---------------------------- the date first written aboveabove written, if approved by the Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 1940 Act). Unless terminated as provided herein, the Agreement shall continue in full force and effect with respect to each Series for an initial a period of two years and shall continue one year from year to year thereafter with respect to each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trustdate first above written. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) 60 days’ ' written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ ' written notice to the Trust.

Continuation and Termination. This Agreement shall become effective on as of the date first above written above. Unless terminated as provided herein, the Agreement shall continue in full force and effect with respect to each Series for an initial period of two years and shall continue from year to year thereafter with respect to each Series remain in force continuously thereafter, but only so long as such continuance is specifically approved at least annually by the vote of Board, including a majority of those Trustees who are not interested persons (as such term is defined in the Board of Trustees of the Trust1940 Act). This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) 60 days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.

Continuation and Termination. This Agreement shall become effective on the date first written aboveabove written, if approved by the Board of Trustees, including a majority of those Trustees who are not interested persons (as such term is defined in the 1940 Act). Unless terminated as provided herein, the Agreement shall continue in full force and effect with respect to each Series for an initial a period of two years and shall continue one year from year to year thereafter with respect to each Series so long as such continuance is specifically approved at least annually by the vote of a majority of the Board of Trustees of the Trustdate first above written. This Agreement may be terminated by the Trust at any time, without the payment of any penalty, by vote of a majority of the Board of Trustees of the Trust on sixty (60) 60 days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty (60) days’ written notice to the Trust.