Common use of Renewal and Termination Clause in Contracts

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 81 contracts

Samples: Investment Management Agreement (Franklin Templeton ETF Trust), Investment Management Agreement (Franklin Templeton ETF Trust), Investment Management Agreement (Franklin Custodian Funds)

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Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 77 contracts

Samples: Investment Management Agreement (Franklin Mutual Series Funds), Investment Management Agreement (Franklin Mutual Series Funds), Investment Management Agreement (Franklin ETF Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or "interested persons" of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 30 contracts

Samples: Investment Management Agreement (Franklin Mutual Series Fund Inc), Investment Management Agreement (Franklin Mutual Series Fund Inc), Investment Managment Agreement (Franklin Custodian Funds Inc)

Renewal and Termination. A. This Agreement shall become effective on the date written below above and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 22 contracts

Samples: Investment Management Agreement (Franklin Templeton ETF Trust), Investment Management Agreement (Franklin Templeton ETF Trust), Investment Management Agreement (Franklin Templeton ETF Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided provided, and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 5 contracts

Samples: Investment Management Agreement (Franklin Tax Free Trust), Investment Management Agreement (Franklin Tax Free Trust), Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the each Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 5 contracts

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided provided, and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for accordance with the purpose of voting on the Agreement1940 Act and any rules, regulations or interpretations thereunder.

Appears in 4 contracts

Samples: Investment Management Agreement (Franklin Real Estate Securities Trust), Investment Management Agreement (Franklin Fund Allocator Series), Investment Management Agreement (Franklin Fund Allocator Series)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter as to the applicable Fund for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the such Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 4 contracts

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust), Administration Agreement (Franklin Investors Securities Trust), Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund Funds or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or "interested persons" of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 4 contracts

Samples: Investment Managment Agreement (Franklin New York Tax Free Trust), Investment Managment Agreement (Franklin Tax Free Trust), Investment Managment Agreement (Franklin California Tax Free Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below above and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such partyparty in accordance with the 1940 Act and any rules, cast in person at a meeting called for the purpose of voting on the Agreementregulations or interpretations thereunder.

Appears in 4 contracts

Samples: Investment Management Agreement (Franklin ETF Trust), Investment Management Agreement (Franklin ETF Trust), Investment Management Agreement (Franklin ETF Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below above and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 4 contracts

Samples: Investment Management Agreement (Franklin Templeton Trust), Investment Management Agreement (Franklin Templeton ETF Trust), Investment Management Agreement (Franklin Templeton ETF Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund Trust or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or "interested persons" of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 3 contracts

Samples: Investment Managment Agreement (Franklin California Tax Free Income Fund Inc), Investment Managment Agreement (Franklin Tax Exempt Money Fund), Investment Management Agreement (Franklin Tax Exempt Money Fund)

Renewal and Termination. A. This Agreement shall become effective on the date written below above and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for accordance with the purpose of voting on the Agreement1940 Act and any rules, interpretations or orders thereunder.

Appears in 3 contracts

Samples: Investment Management Agreement (Franklin Templeton ETF Trust), Investment Management Agreement (Franklin Templeton ETF Trust), Investment Management Agreement (Franklin Templeton ETF Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter as to the applicable Fund for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the such Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or "interested persons" of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 3 contracts

Samples: Administration Agreement (Institutional Fiduciary Trust), Administration Agreement (Franklin Investors Securities Trust), Administration Agreement (Institutional Fiduciary Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafterthereafter with respect to a Fund, unless sooner terminated as hereinafter provided provided, and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 3 contracts

Samples: Investment Management Agreement (Franklin Fund Allocator Series), Investment Management Agreement (Franklin Strategic Series), Investment Management Agreement (Franklin Strategic Series)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided provided, and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for accordance with the purpose of voting on the Agreement1940 Act and any rules, interpretations or orders thereunder.

Appears in 3 contracts

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Management Agreement (Franklin Investors Securities Trust), Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. This Agreement shall become effective for a Fund on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated for such Fund as hereinafter provided and shall continue in effect thereafter for such Fund for periods not exceeding one (1) year so long as such continuation is approved for the applicable Fund at least annually (i) by a vote of a majority of the outstanding voting securities of the such Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement or “interested persons” of any such party (other than as Trustees of the Trust) or “interested persons” of any such party), cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 3 contracts

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation as to a Fund is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. XXX Xxxxxxxx Payout Funds (2017-2021) # 1361566 v. 3

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin Fund Allocator Series), Investment Management Agreement (Franklin Fund Allocator Series)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund Funds or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin Tax Free Trust), Investment Management Agreement (Franklin Tax Free Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund Trust or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin California Tax Free Income Fund), Investment Management Agreement (Franklin LTD Duration Income Trust)

Renewal and Termination. A. This Agreement shall become effective for a Fund on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated for such Fund as hereinafter provided and shall continue in effect thereafter for such Fund for periods not exceeding one (1) year so long as such continuation is approved for the applicable Fund at least annually (i) by a vote of a majority of the outstanding voting securities of the such Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement or “interested persons” of any such party (other than as Trustees of the Trust) or “interested persons” of any such party), cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. IMA Mutual Global Discovery (Amended and Restated)

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin Mutual Series Funds), Investment Management Agreement (Franklin Mutual Series Funds)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the such Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. B. This Agreement:

Appears in 2 contracts

Samples: Investment Management Agreement (Franklin Investors Securities Trust), Investment Management Agreement (Franklin Investors Securities Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not to exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund Trust or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Federal Tax Free Income Fund)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation as to a Fund is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. Form of IXX Xxxxxxxx Target Maturity 2022 and 2023 Funds # 1361585 v. 2

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Fund Allocator Series)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the such Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or "interested persons" of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Investors Securities Trust)

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Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafterthereafter with respect to the Fund, unless sooner terminated as hereinafter provided provided, and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 1 contract

Samples: Investment Management Agreement (Templeton Global Investment Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. FTVIPT/IMA Strategic Income VIP 8

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. a. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafterthereafter with respect to a Fund, unless sooner terminated as hereinafter provided provided, and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Fund Allocator Series)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. # 1388931 v. 2

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Floating Rate Master Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. IMA FTVIPT Strategic Income Securities (Amended and Restated) # 1198863 v. 3

Appears in 1 contract

Samples: Franklin Templeton (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below above and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting # 4322795 v. 1 securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 1 contract

Samples: Investment Management Agreement (Institutional Fiduciary Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund Trust or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or "interested persons" of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 1 contract

Samples: Investment Management Agreement (Franklin LTD Duration Income Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. FTVIPT/IMA Global Real Estate VIP 8

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided provided, and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. # 3275639 v. 1

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not to exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund Trust or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or "interested persons" of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Federal Tax Free Income Fund)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. # 1388927 v. 3

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Floating Rate Master Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided provided, and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation as to a Fund is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Fund Allocator Series)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. IMA FFRMT (Amended & Restated) # 1262551 v. 2

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Floating Rate Master Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. IMA Select U.S. Equity 8

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Strategic Series)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two one (21) years year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. IMA FFRMT (Amended & Restated as of 03-15) # 1262551 v. 2

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Floating Rate Master Trust)

Renewal and Termination. A. This Agreement shall become effective on the date written below and shall continue in effect for two (2) years thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation as to a Fund is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement.. Form of IXX Xxxxxxxx Target Maturity Funds # 1361566 v. 3

Appears in 1 contract

Samples: Investment Management Agreement (Franklin Fund Allocator Series)

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