Common use of MainStay VP Funds Trust Clause in Contracts

MainStay VP Funds Trust. MainStay VP Absolute Return Multi-Strategy Portfolio* (MacKay investment sleeve) Cornerstone investment sleeve 0.375% 0.625% MainStay VP Balanced Portfolio (investment sleeve) 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay VP Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion MainStay VP Convertible 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion 0.25% on assets over $1 billion MainStay VP Cornerstone Growth Portfolio 0.35% on assets up to $500 million; 0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio* 0.525% on assets up to $1 billion; 0.5125% on assets over $1 billion MainStay VP Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay VP High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay VP International Equity Portfolio 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay VP Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; and 0.40% on assets over $1 billion MainStay VP S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay VP Small Cap Core Portfolio* 0.425% on assets up to $1 billion; and 0.40% on assets over $1 billion MainStay VP Unconstrained Bond Portfolio 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Fund / Portfolio shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Fund / Portfolio. Payment will be made to the Subadvisor on a monthly basis. * The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain amounts. These waivers or expense limitations may be changed with Board approval. To the extent the Manager has agreed to waive its management fee or reimburse expenses, the Subadvisor, upon reasonable prior notice from the Manager, has voluntarily agreed to waive or reimburse its fee in proportion to the percentage of the total subadvisory fee that the Subadvisor earns.

MainStay VP Funds Trust. MainStay VP Absolute Return Multi-Strategy Portfolio* (MacKay investment sleeve) Cornerstone investment sleeve 0.375% 0.625% MainStay VP Balanced Portfolio (investment sleeve) 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay VP Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay VP Convertible 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion 0.25% on assets over $1 billion MainStay VP Cornerstone Growth Portfolio 0.35% on assets up to $500 million; 0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio* 0.525% on assets up to $1 billion; 0.5125% on assets over $1 billion MainStay VP Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay VP High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay VP International Equity Portfolio 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay VP Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; and 0.40% on assets over $1 billion MainStay VP S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay VP Small Cap Core Portfolio* 0.425% on assets up to $1 billion; and 0.40% on assets over $1 billion MainStay VP Unconstrained Bond Portfolio 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Fund / Portfolio shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Fund / Portfolio. Payment will be made to the Subadvisor on a monthly basis. * The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain amounts. These waivers or expense limitations may be changed with Board approval. To the extent the Manager has agreed to waive its management fee or reimburse expenses, the Subadvisor, upon reasonable prior notice from the Manager, has voluntarily agreed to waive or reimburse its fee in proportion to the percentage of the total subadvisory fee that the Subadvisor earns.

MainStay VP Funds Trust. MainStay VP Absolute Return Multi-Strategy Portfolio* 0.375% (MacKay investment sleeve) Cornerstone investment sleeve 0.375% 0.625% MainStay VP Balanced Portfolio (investment sleeve) 0.35% on assets up to $1 billion; 0.325% on assets from $1 billion to $2 billion; and 0.30% on assets over $2 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay VP Common Stock Portfolio 0.275% on assets up to $500 million; 0.2625% on assets from $500 million to $1 billion; and 0.25% on assets over $1 billion FUND / PORTFOLIO ANNUAL RATE ON ALLOCATED ASSETS MainStay VP Convertible 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion 0.25% on assets over $1 billion MainStay VP Cornerstone Growth Portfolio 0.35% on assets up to $500 million; 0.325% on assets from $500 million to $1 billion; 0.3125% on assets from $1 billion to $2 billion; 0.30% on assets over $2 billion MainStay VP Emerging Markets Equity Portfolio* 0.525% on assets up to $1 billion; 0.5125% on assets over $1 billion MainStay VP Government Portfolio 0.25% on assets up to $500 million; 0.2375% on assets from $500 million to $1 billion; and 0.225% on assets over $1 billion MainStay VP High Yield Corporate Bond Portfolio 0.285% on assets up to $1 billion; 0.275% on assets from $1 billion to $5 billion; and 0.2625% on assets over $5 billion MainStay VP Income Builder Portfolio (investment sleeve) 0.285% on assets up to $1 billion; and 0.275% on assets over $1 billion MainStay VP International Equity Portfolio 0.445% on assets up to $500 million; and 0.425% on assets over $500 million MainStay VP Mid Cap Core Portfolio* 0.425% on assets up to $1 billion; and 0.40% on assets over $1 billion MainStay VP S&P 500 Index Portfolio* 0.08% on assets up to $2.5 billion; and 0.075% on assets over $2.5 billion MainStay VP Small Cap Core Portfolio* 0.425% on assets up to $1 billion; and 0.40% on assets over $1 billion MainStay VP Unconstrained Bond Portfolio 0.30% on assets up to $500 million; 0.275% on assets from $500 million to $1 billion; 0.25% on assets from $1 billion to $5 billion; and 0.2375% on assets over $5 billion The portion of the fee based upon the average daily net assets of the respective Fund / Portfolio shall be accrued daily at the rate of l/(number of days in calendar year) of the annual rate applied to the daily net assets of the Fund / Portfolio. Payment will be made to the Subadvisor on a monthly basis. * The Manager has agreed to waive a portion of the Fund’s/Portfolio’s management fee or reimburse the expenses of the appropriate class of the Fund/Portfolio so that the class total ordinary operating expenses do not exceed certain amounts. These waivers or expense limitations may be changed with Board approval. To the extent the Manager has agreed to waive its management fee or reimburse expenses, the Subadvisor, upon reasonable prior notice from the Manager, has voluntarily agreed to waive or reimburse its fee in proportion to the percentage of the total subadvisory fee that the Subadvisor earns.