Company: TXEMF
Filing Date: 2025-03-03
Form Type: N-CSR
Source: 0001133228-25-001853
Chunk: 144

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-03
Form: N-CSR
Chunk 144
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 conduct
that could result in conflicts of interest.

The investment manager and the Fund have
adopted certain compliance procedures that are designed to address these, and other, types of conflicts. However, there is no guarantee
that such procedures will detect each and every situation where a conflict arises.

Compensation.The investment manager
seeks to maintain a compensation program that is competitively positioned to attract, retain and motivate top-quality investment professionals.
Portfolio managers receive a base salary, a cash incentive bonus opportunity, an equity compensation opportunity, and a benefits package.
Portfolio manager compensation is reviewed annually, and the level of compensation is based on individual performance, the salary range
for a portfolio manager’s level of responsibility and Franklin Templeton guidelines. Portfolio managers are provided no financial
incentive to favor one fund or account over another. Each portfolio manager’s compensation consists of the following three elements:

Base salary Each portfolio manager
is paid a base salary.

Annual bonus Annual bonuses are
structured to align the interests of the portfolio manager with those of the Fund’s shareholders. Each portfolio manager is eligible
to receive an annual bonus. Bonuses generally are split between cash (50% to 65%) and restricted shares of Resources stock (17.5% to 25%)
and mutual fund shares (17.5% to 25%). The deferred equity-based compensation is intended to build a vested interest of the portfolio
manager in the financial performance of both Resources and mutual funds advised by the investment manager. The bonus plan is intended
to provide a competitive level of annual bonus compensation that is tied to the portfolio manager achieving consistently strong investment
performance, which aligns the financial incentives of the portfolio manager and Fund shareholders. The Chief Investment Officer of the
investment manager and/or other officers of the investment manager, with responsibility for the Fund, have discretion in the granting
of annual bonuses to portfolio managers in accordance with Franklin Templeton guidelines. The following factors are generally used in
determining bonuses under the plan:

| • | Investment performance. Primary consideration is given to the historic investment performance over                                        
 the 1, 3 and 5 preceding years of all accounts managed by the portfolio manager. The pre-tax performance of each fund managed is measured 
 relative to a relevant peer group and/or applicable benchmark as appropriate.                                                             |

| • | Non-investment performance. The more qualitative contributions of the portfolio manager to the investment                       
 manager’s business and the investment management team, including professional knowledge, productivity, responsiveness to client 
 needs and communication, are evaluated in