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 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), cast in person at a meeting called for the purpose of voting on the Agreement.
Appears in 74 contracts
Samples: Investment Management Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Managment Agreement (Franklin Templeton Variable Insurance Products Trust), Investment Advisory 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 each Fund the 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), cast in person at a meeting called for the purpose of voting on the Agreement.
Appears in 6 contracts
Samples: Investment Management Agreement (Franklin Mutual Recovery Fund), Investment Management Agreement (Franklin Templeton Limited Duration Income Trust), Investment Advisory Agreement (Franklin Floating Rate 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 as to each 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 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), cast in person at a meeting called for the purpose of voting on the Agreement.
Appears in 5 contracts
Samples: Management Agreement (Franklin Strategic Mortgage Portfolio), Management Agreement (Franklin Strategic Mortgage Portfolio), Management Agreement (Money Market Portfolios)
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 share 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 each Fund the Trust or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees trustees of the Trust who are not parties to the Agreement or interested persons of any parties to the Agreement (other than as Trustees of the Trust), ) cast in person at a meeting called for the purpose of voting on the Agreement.
Appears in 3 contracts
Samples: Management Agreement (Franklin New York Tax Free Income Fund Inc), Management Agreement (Franklin New York Tax Free Income Fund Inc), Management Agreement (Franklin New York 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 each 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), cast in person at a meeting called for the purpose of voting on the Agreement.
Appears in 3 contracts
Samples: Investment Advisory Agreement (Franklin Floating Rate Master Trust), Investment Advisory Agreement (Franklin Floating Rate Master Trust), 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 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 each 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 or “interested persons” of such party (other than as Trustees of the Trust), cast in person at a meeting called for the purpose of voting on the Agreementsuch approval.
Appears in 2 contracts
Samples: Investment Management Agreement (Franklin Alternative Strategies Funds), Investment Management Agreement (Franklin Alternative Strategies 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 as to each 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 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), cast in person at a meeting called for the purpose of voting on the Agreement.
Appears in 2 contracts
Samples: Investment Management Agreement (Franklin Strategic Mortgage Portfolio), Investment Management Agreement (Franklin Municipal Securities 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 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), cast in person at a meeting called for the purpose of voting on the Agreement.
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 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 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 each 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), cast in person at a meeting called for the purpose of voting on the Agreement.
Appears in 1 contract
Samples: Investment Management Agreement (Money Market Portfolios)
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 each 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), cast in person at a meeting called for the purpose of voting on the Agreement.
Appears in 1 contract
Samples: Management Agreement (Franklin Asset Allocation Fund)
