Common use of Program Fees Clause in Contracts

Program Fees. The annual fee for participation in the Program (the “Program Fee”) shall be a percentage (%) of the market value of the Assets under management in accordance with the fee schedule set forth in “Exhibit A”. The Program Fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous calendar quarter. No increase in the Program Fee shall be effective without prior written notification by the Client. Client hereby authorizes Xxxxxx Advisors and the independent custodian of the assets to charge the account for the amount of the Program Fee and to remit such fee to the applicable securities broker/dealer (Xxxxxx Securities, Inc., etc.) if necessary, in accordance with required SEC procedures. Specifically, the fee will be payable in advance on January 1st, April 1st, July 1st, & October 1st in any calendar year. Fees shall be paid via automatic withdraw from the Client’s account(s). In any partial calendar quarter, the fee will be prorated based on the number of days that the account was open during the quarter. The account fee will be determined by valuing the securities in your account(s) that are listed on a national securities exchange or on NASDAQ at the closing price, on the valuation date, on the principal market where the securities are traded. Other securities or investments in the account(s) will be valued in a manner determined in good faith to reflect fair market value. Interest on any margin debt incurred by Client is in addition to the account(s) fee. Standard I accounts are subject to a per transaction cost of up to $19.50 per transaction. Xxxxxx Advisors will not receive any performance bonuses. However, client understands that account assets may be invested in shares of mutual funds which may be subject to additional fees and expenses as identified within the fund prospectus. There may be additional transaction costs on certain security types. The Client is encouraged to speak with his/her/their Investment Advisor Representative for more information. Payment of the fee will be reflected on Client’s statement(s). Account Fees do not include any fees for products and services that are not part of the account(s). To the extent that Client utilizes such products or services, Xxxxxx Advisors, KSI, its affiliates, and its employees may receive additional compensation.

Program Fees. The annual fee for participation in the Program (the “Program Fee”) shall be a percentage (%) of the market value of the Assets under management in accordance with the fee schedule set forth in “Exhibit A”. The Program Fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous calendar quarter. All market values are calculated by the independent custodian. No increase in the Program Fee shall be effective without prior written notification by the Client. Client hereby authorizes Xxxxxx Advisors and the independent custodian of the assets to charge the account for the amount of the Program Fee and to remit such fee to the applicable securities broker/dealer (Xxxxxx Securities, Inc., etc.) if necessary, in accordance with required SEC procedures. Specifically, the fee will be payable in advance on January 1st, April 1st, July 1st, & October 1st in any calendar year. Fees shall be paid via automatic withdraw from the Client’s account(s). In any partial calendar quarter, the fee will be prorated based on the number of days that the account was open during the quarter. The account fee will be determined by the custodian by valuing the securities in your account(s) that are listed on a national securities exchange or on NASDAQ at the closing price, on the valuation date, on the principal market where the securities are traded. Other securities or investments in the account(s) will be valued in a manner determined in good faith by the account custodian to reflect fair market value. Interest on any margin debt incurred by Client is in addition to the account(s) fee. Standard I accounts are subject to a per transaction cost of up to $19.50 per transaction. Xxxxxx Advisors will not receive any performance bonuses. However, client Client understands that account assets may be invested in shares of mutual funds which may be subject to additional fees and expenses as identified within the fund prospectus. There may be additional transaction costs on certain security types. The Client is encouraged to speak with his/her/their Investment Advisor Representative for more information. Payment of the fee will be reflected on Client’s statement(s). Accounts that belong to the same household may be grouped for the purpose of determining account fees. Account Fees do not include any fees for products and services that are not part of the account(s). To the extent that Client utilizes such products or services, Xxxxxx Advisors, KSI, its affiliates, and its employees may receive additional compensation.

Program Fees. The annual fee for participation in the Program Account (the “Program Fee”) shall be a percentage (%) of the market value of the Assets under management in accordance with the fee schedule set forth in “Exhibit A”. The Program Fee shall be prorated and paid quarterly, in advance, based upon the market value of the Assets on the last business day of the previous calendar quarter. All market values are calculated by the independent custodian. No increase in the Program Fee shall be effective without prior written notification by the Client. Client hereby authorizes Xxxxxx Advisors and the independent custodian of the assets to charge the account Account for the amount of the Program Fee and to remit such fee to the applicable securities broker/dealer (Xxxxxx Securities, Inc., etc.) if necessary, in accordance with required SEC procedures. Specifically, the fee will be payable in advance on January 1st, April 1st, July 1st, & October 1st in any calendar year. Fees shall be paid via automatic withdraw from the Client’s account(s). In any partial calendar quarter, the fee will be prorated based on the number of days that the account Account was open during the quarter. The account Account fee will be determined by the custodian by valuing the securities in your account(s) that are listed on a national securities exchange or on NASDAQ at the closing price, on the valuation date, on the principal market where the securities are traded. Other securities or investments in the account(s) will be valued in a manner determined in good faith by the Account custodian to reflect fair market value. Interest on any margin debt incurred by Client is in addition to the account(s) fee. Standard I accounts are subject The independent custodian may charge transaction fees associated with liquidating securities. The Client should speak with his/her/their Investment Advisor Representative for how potentially to a per transaction cost avoid these fees. No portion of up to $19.50 per transactionthe Program Fee shall be based on capital gains or capital appreciation of the Assets except as provided for under the Investment Advisors Act of 1940. Xxxxxx Advisors will not receive any performance bonuses. However, client Client understands that account Account assets may be invested in shares of mutual funds which may be subject to additional fees and expenses as identified within the fund prospectus. There may be additional transaction costs on certain security types. The Client is encouraged to speak with his/her/their Investment Advisor Representative for more information. information Payment of the fee will be reflected on Client’s statement(s). Accounts that belong to the same household may be grouped for the purpose of determining account fees. Account Fees do not include any fees for products and services that are not part of the account(s). To the extent that Client utilizes such products or services, Xxxxxx Advisors, KSI, its affiliates, and its employees may receive additional compensation.