Common use of SUBADVISORY FEE Clause in Contracts

SUBADVISORY FEE. The payment of advisory fees and the allocation of charges and expenses between the Fund and the Manager with respect to the Portfolio are set forth in the State Street Research Large Cap Value Portfolio Advisory Agreement. Nothing in this State Street Research Large Cap Value Portfolio Subadvisory Agreement shall change or affect that arrangement. The payment of advisory fees and the apportionment of any expenses related to the services of the Subadviser under this Agreement shall be the sole concern of the Manager and the Subadviser and shall not be the responsibility of the Fund. In consideration of services rendered pursuant to this Agreement, the Manager will pay the Subadviser on the first business day of each month the fee at the annual rate specified by the schedule of fees in the Appendix to this Agreement. The fee for any period from the date the Portfolio commences operations to the end of the month will be prorated according to the proportion which the period bears to the full month, and, upon any termination of this Agreement before the end of any month, the fee for the part of the month during which the Subadviser acted under this Agreement will be prorated according to the proportion which the period bears to the full month and will be payable upon the date of termination of this Agreement. For the purpose of determining the fees payable to the Subadviser, the value of the Portfolio's net assets will be computed in the manner specified in the Fund's Prospectus. The Subadviser will bear all of its own expenses (such as research costs) in connection with the performance of its duties under this Agreement except for those which the Manager agrees to pay. The Subadviser agrees to notify promptly, upon written request, the Manager if, for any other registered investment company having a substantially similar investment program, it agrees to (1) provide more services or bear more expenses for a comparable or lower fee; and (2) provide comparable services and bear comparable expenses for a lower fee.