Common use of Compensation and Expenses of Trustees Clause in Contracts

Compensation and Expenses of Trustees. Any Trustee (other than Trustees who are also employees of General Electric Company or any subsidiary or controlled company thereof) may receive compensation for services performed as a Trustee in an amount to be determined by the Trustees; provided, however, that any change in compensation previously reported to the Unitholders as being paid to the Trustees shall be reported to the Unitholders in the Annual Report of the Fund next published after such change. While Trustees who are also General Electric Company employees will serve without compensation, the Fund will be required to reimburse the portion of the remuneration such Trustees receive from General Electric Company which is allocable to the time they spend on Fund matters. Compensation of the Trustees as provided herein, of any agents, employee or counsel of the Trustees and the expenses of administration shall be paid out of the Fund.

Compensation and Expenses of Trustees. Any Trustee (other than Trustees who are also employees of General Electric Company or any subsidiary or controlled company thereof) may receive compensation for services performed as a Trustee in an amount to be determined by the Trustees; provided, however, that any change in compensation previously reported to the Unitholders as being paid to the Trustees shall be reported to the Unitholders in the Annual Report of the Fund next published after such change. While Trustees who are also General Electric Company employees will serve without compensation, the Fund will be required to reimburse the portion of the remuneration such Trustees receive from General Electric Company which is allocable to the time they spend on Fund matters. Compensation of the Trustees as provided herein, of any agentsagent, employee or counsel of the Trustees and the expenses of administration shall be paid out of the Fund.

Compensation and Expenses of Trustees. Any Trustee (other than Trustees who are also employees of General Electric Company company or any subsidiary or controlled company thereof) may receive compensation for services performed as a Trustee in an amount to be determined by the Trustees; provided, however, that any change in compensation previously reported to the Unitholders as being paid to the Trustees shall be reported to the Unitholders in the Annual Report of the Fund next published after such change. While Trustees who are also General Electric Company employees will serve without compensation, the Fund will be required to reimburse the portion of the remuneration such Trustees receive from General Electric Company which is allocable to the time they spend on Fund matters. Compensation of the Trustees as provided herein, of any agents, employee or counsel of the Trustees and the expenses of administration shall be paid out of the Fund.