INVESTMENT SUB-ADVISER AGREEMENT Agreement made as of this 24th day of February, 1997, between Investors Bank and Trust Company (the "Adviser"), a Massachusetts banking corporation, and Aeltus Investment Management, Inc. (the "Sub-Adviser"), a...Investment Sub-Adviser Agreement • April 1st, 1997 • Merrimac Funds
Exhibit 5b INVESTMENT SUB-ADVISER AGREEMENT Agreement made as of this 30th day of October, 1996, between Investors Bank and Trust Company (the "Adviser"), a Massachusetts banking corporation, and The Bank of New York (the "Sub- Adviser"), a New York...Investment Sub-Adviser Agreement • April 1st, 1997 • Merrimac Funds
Exhibit 5(c) INVESTMENT SUB-ADVISER AGREEMENT Agreement made as of this 24th day of February, 1997, between Investors Bank and Trust Company (the "Adviser"), a Massachusetts banking corporation, and Aeltus Investment Management, Inc. (the...Investment Sub-Adviser Agreement • March 28th, 1997 • Merrimac Master Portfolio
Exhibit 5(b) INVESTMENT SUB-ADVISER AGREEMENT Agreement made as of this 30th day of October, 1996, between Investors Bank and Trust Company (the "Adviser"), a Massachusetts banking corporation, and The Bank of New York (the "Sub- Adviser"), a New York...Investment Sub-Adviser Agreement • March 28th, 1997 • Merrimac Master Portfolio