Common use of Continuation and Termination Clause in Contracts

Continuation and Termination. This Agreement shall become effective on the date first written above. The Agreement shall continue in full force and effect through January 1, 2016 and shall continue from year to year thereafter, unless terminated as provided herein. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by the Board of Directors/Trustees of the Fund 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 Fund.

Continuation and Termination. This Agreement shall will become effective on the date first written aboveas of Effective Date and will continue for an initial two-year term. The Thereafter, if not terminated, this Agreement shall continue in full force and effect through January 1, 2016 and shall continue from year to year thereafter, unless terminated thereafter so long as provided hereinsuch continuation is approved at least annually by the vote of the Board. This Agreement may be terminated by the Fund at any time, without the payment of any penalty, by the Board of Directors/Trustees of the Fund on sixty ninety (6090) days’ written notice to the Administrator, or by the Administrator at any time, without the payment of any penalty, on sixty ninety (6090) days’ written notice to the Fund.