APPROVAL OF TRUSTEES. This Agreement shall be submitted for approval to the Trustees annually and shall continue in effect only so long as specifically approved annually by vote of a majority of the Trustees who are not parties to this Agreement or interested persons of such parties, cast in person at a meeting called for that purpose, and either by vote of the holders of a majority of the outstanding voting securities of the Portfolio or by majority vote of the Trustees.
Appears in 2 contracts
Sources: Investment Advisory and Management Agreement (Mentor Funds), Investment Advisory and Management Agreement (Mentor Funds)