Dedicated Systems Development Team Sample Clauses
The Dedicated Systems Development Team clause establishes the formation and use of a team exclusively assigned to develop, maintain, or enhance specific systems for a client or project. Typically, this clause outlines the composition, roles, and responsibilities of the team members, as well as the expectations for their availability and performance. For example, it may specify that the team will work solely on the client's project and not be assigned to other tasks during the engagement. The core function of this clause is to ensure focused resources and accountability, thereby improving project efficiency and aligning the team's efforts with the client's objectives.
Dedicated Systems Development Team. The Funds shall jointly pay $275,000.00 annually for a dedicated systems development team consisting of 1.5 programmers, .5 system manager and .5 BSA. In the event that the Funds desire to discontinue this service, the Funds shall provide FDISG 60 days written notice. In the event of such termination, the Funds shall be responsible for the pro rata share of the stated annual dedicated System Development Team fee. Incremental systems resources will be billed at a rate of $100.00 per hour
Dedicated Systems Development Team. WMSS shall pay $275,000.00 annually for a dedicated systems development team consisting of 1.5 programmers, .5 system manager and .5 BSA. In the event that WMSS desires to discontinue this service, WMSS shall provide PFPC 60 days written notice. In the event of such termination, WMSS shall be responsible for the pro rata share of the stated annual dedicated System Development Team fee. Incremental systems resources will be billed at a rate of $135.00 per hour. The number of hours worked, projects and status will be reported monthly. TRANSFER AGENCY FEES INCLUDE: - Shareholder and Broker Servicing - Transaction Processing, Correspondence, and Research - Settlement and Reconciliation -------- * Note: Capitalized terms used in this Schedule D without definition have the meanings given them in the Services Agreement. - Corporate Actions - Tax Reporting and Compliance - NSCC Support - Management Company and Broker/Dealer Support - Asset Allocation Processing for all distribution channels ADDITIONAL TRANSFER AGENCY FEES: - NSCC charges - Banking fees - Standard out-of-pocket expenses VALUE ADDED TRANSFER AGENCY SERVICES:
1. DAZL Pricing: Set Up Fee: $5,000.00 Monthly Usage Fee: $1,000.00 Transmission Charge: $.03 per record (Price record transmission cost is $.015 per record.)
2. Voice Response Unit (VRU) $25,000 set up fee $.29 per minute maintenance charge In the event that PFPC has failed to meet a specific Performance Standard category, as set forth on Exhibit 1 of this Schedule D, in two months of any rolling four month period for print/mail services or in two months of any five month period for all other categories, the fees due to PFPC under this Contract for such service (i.e., fund accounting, transfer agency or print/mail services), excluding out-of-pocket expenses, will be reduced by an amount equal to five percent (5%) of the fees for such service for the month in which the second failure occurs. In the event PFPC fails to meet the specific Performance Standard category which caused the fee reduction referenced in the preceding sentence for a third time in the twelve month period commencing with the month in which the first failure occurred, then the fees due to PFPC under this Contract for such service (i.e., fund accounting, transfer agency of print/mail service), excluding out-of-pocket expenses, for such third month shall be reduced by an amount equal to ten percent (10%) of such fees. For purposes of the fee reduction set forth above, PFPC's obl...
Dedicated Systems Development Team. WMSS shall pay $275,000.00 annually for a dedicated systems development team consisting of 1.5 programmers, .5 system manager and .5 BSA. In the event that WMSS desires to discontinue this service, WMSS shall provide PFPC 60 days written notice. In the event of such termination, WMSS shall be responsible for the pro rata share of the stated annual dedicated System Development Team fee. Incremental systems resources will be billed at a rate of $135.00 per hour. The number of hours worked, projects and status will be reported monthly. TRANSFER AGENCY FEES INCLUDE: o Shareholder and Broker Servicing o Transaction Processing, Correspondence, and Research --------------------- * Note: Capitalized terms used in this Schedule D without definition have the meanings given them in the Services Agreement.