Effective Date Term Termination. This Agreement shall become effective on the date signed by the Investment Manager and shall continue in full force and effect for one (1) year, and year to year thereafter, unless terminated prior to such date in accordance with this Section. This Agreement may be terminated by the Board effective immediately upon the Investment Manager’s receipt of written notice of termination, and by the Investment Manager upon ninety (90) days’ advance written notice to the Board; provided, however, the Board, through the Fund’s Chief Investment Officer, may verbally direct the Investment Manager, at any time without prior written notice, to cease its investment management activities with respect to the Sub-Account, which direction shall be confirmed, in writing, as soon as practicable. Upon termination, fees of the Investment Manager shall be prorated to the date of termination as specified in the notice of termination. Sections 4, 7, 22, 24, and 26 of this Agreement shall survive termination and shall remain in full force and effect.
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Sources: Investment Manager Agreement, Investment Manager Agreement, Investment Manager Agreement