Supervised Persons means any partner, officer, director (or other person occupying a similar status or performing similar functions), or employee of TDAM USA, or employee of TD providing services to TDAM USA, or other person who provides investment advice on behalf of TDAM USA and is subject to the supervision and control of TDAM USA. Supervised Persons may include any other person, including TD employees as so designated by the CCO. The CCO may exempt certain persons hired on contract from being captured by this policy based on position and/or term of contract. For the purposes of the TDAM USA Personal Trading Policy only, this definition is extended to include any immediate family member residing in the same household or any person over which the Supervised Person has control, e.g., through a power of attorney, trust, estate, etc.
10. Term of Contract. This Distribution Agreement shall go into effect on the date hereof and shall continue in effect until July31, 2017, and thereafter for successive periods of one year each if such continuance is approved at least annually thereafter (i)either by an affirmative vote of a majority of the outstanding Shares or by the Trustees, (ii)in either case by a majority of the Trustees who are not interested persons of the Distributor or (otherwise than as Trustees) of the Trust, cast in person at a meeting called for the purpose of voting on such approval. Written notice of discontinuance of this Distribution Agreement may be given by one party hereto to the other upon not less than 60 days notice.