Common use of Employment of the Manager Clause in Contracts

Employment of the Manager. The Trust hereby employs the Manager to manage the investment and reinvestment of the Fund’s assets, to administer its affairs, and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the direction of the Board of Trustees and the officers of the Trust, for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the Trust.

Appears in 112 contracts

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

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Employment of the Manager. The Trust hereby employs the Manager to manage the investment and reinvestment of the Fund’s assetsassets (“Assets”), to administer its affairs, affairs and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the direction oversight of the Board of Trustees and the officers of the TrustTrustees, for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the Trust.

Appears in 10 contracts

Samples: Investment Management Agreement (Franklin Alternative Strategies Funds), Investment Management Agreement (Franklin Alternative Strategies Funds), Investment Management Agreement (Franklin Alternative Strategies Funds)

Employment of the Manager. The Trust hereby employs the Manager to manage the investment and reinvestment of the Fund’s Funds’ assets, to administer its their affairs, and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the direction of the Board of Trustees and the officers of the Trust, for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund Funds or the Trust in any way or otherwise be deemed an agent of the Fund Funds or the Trust.

Appears in 5 contracts

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

Employment of the Manager. The Trust hereby employs the Manager to manage the investment and reinvestment of the each Fund’s assets, to administer its affairs, and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the direction of the Board of Trustees and the officers of the Trust, for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund Funds or the Trust in any way or otherwise be deemed an agent of the Fund Funds or the Trust.

Appears in 4 contracts

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

Employment of the Manager. The Trust hereby employs the Manager to manage the investment and reinvestment of the Fund’s assetsassets (“Assets”), to administer its affairs, and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the direction oversight of the Board of Trustees and the officers of the TrustTrustees, for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the Trust.

Appears in 4 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)

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Employment of the Manager. The Trust hereby employs the Manager to manage the investment and reinvestment of the Fund’s assets, to assets (“Assets”),to administer its affairs, and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the direction oversight of the Board of Trustees and the officers of the TrustTrustees, for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the Trust.

Appears in 2 contracts

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

Employment of the Manager. The Trust hereby employs the Manager to manage the investment and reinvestment of the Fund’s Trust's assets, to administer its affairs, and to provide or procure, as applicable, the administrative and other services described in Section 2.C. of this Agreement, as may be supplemented from time to time, subject to the direction of the Board of Trustees and the officers of the Trust, for the period and on the terms hereinafter set forth. The Manager hereby accepts such employment and agrees during such period to render the services and to assume the obligations herein set forth for the compensation herein provided. The Manager shall for all purposes herein be deemed to be an independent contractor and shall, except as expressly provided or authorized (whether herein or otherwise), have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed an agent of the Fund or the Trust.

Appears in 2 contracts

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

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