XXX FUNDS VIP-RELATED CONTRACT OWNER SERVICES Sample Clauses

XXX FUNDS VIP-RELATED CONTRACT OWNER SERVICES. Company agrees to print and distribute, in a timely manner, prospectuses, SAIs, supplements thereto, Periodic Reports and any other materials of Ivy Funds VIP required by law or otherwise to be given to its shareholders, including, without limitation, Contract Owners investing in Portfolio shares, and to bear the expenses associated with such printing and distribution. In addition, Company shall bear the expenses associated with (i) printing, mailing, distributing, and tabulating proxy materials, including voting instruction solicitation materials, sent to Contract Owners with respect to proxy solicitations related to the Variable Account or related to matters requested by Company and agreed to by Ivy Funds VIP, (ii) making typesetting and other customization changes to Ivy Funds VIP proxy materials, which changes are requested by Company and agreed to by Ivy Funds VIP. Company further agrees to provide telephonic support for Contract Owners, including, without limitation, advice with respect to inquiries about Ivy Funds VIP and each Portfolio (not including information about performance or related to sales), communicating with Contract Owners about Ivy Funds VIP (and Variable Account) performance, and assisting with proxy solicitations, specifically with respect to soliciting voting instructions from Contract Owners.

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XXX FUNDS VIP-RELATED CONTRACT OWNER SERVICES. Company agrees to provide telephonic support for Contract Owners, including, without limitation, advice with respect to inquiries about Ivy Funds VIP and each Portfolio (not including information about performance or related to sales), and communicating with Contract Owners about Ivy Funds VIP (and Account) performance.

XXX FUNDS VIP-RELATED CONTRACT OWNER SERVICES. Ivy Funds VIP shall provide such documentation (including the prospectus and SAI for each Portfolio in camera-ready or other electronic format at Ivy Funds VIP’s expense) and other assistance as is reasonably necessary in order for the Company once each year (or more frequently if the prospectus for the Portfolios is amended) to distribute the Portfolio’s prospectus to each Contract Owner and, as applicable, have the prospectus for the Contracts and the Portfolio’s prospectus printed together in one document (such printing to be at the Company’s expense). The Company shall bear the expense of printing copies of the current prospectus for the Contracts that will be distributed to existing Contract Owners, and the Company shall bear the expense of printing copies of each Portfolio’s prospectus that are used in connection with offering the Contracts issued by the Company. In accordance with Section 7 of the Agreement, Ivy Funds VIP, shall provide the Company with copies of its proxy material, reports to shareholders, and other communications to shareholders in such quantity as the Company shall reasonably require for distributing to Contract Owners. Company agrees to provide telephonic support for Contract Owners, including, without limitation, responding to inquiries about Ivy Funds VIP and each Portfolio (not including information about performance or related to sales), communicating with Contract Owners about Ivy Funds VIP (and Variable Account) performance. Ivy Funds VIP or its designee will be responsible for preparing and shipping Portfolio proxy materials to its vendor of choice. Company shall provide the necessary Contract Owner information to Ivy Funds VIP’s vendor of choice that will enable the vendor of choice to distribute the proxy materials to the Contract Owners.

XXX FUNDS VIP-RELATED CONTRACT OWNER SERVICES. Company agrees to print and distribute, in a timely manner, prospectuses, SAIs, supplements thereto, Periodic Reports and any other materials of Ivy Funds VIP required by law or otherwise to be given to its shareholders, including, without limitation, Contract Owners investing in Portfolio shares. The Funds shall reimburse certain out-of-pocket expenses Company incurs in connection with providing Contract Owner services. As set forth in greater detail in Section F. below, these expenses are limited to the costs of printing and distributing updated prospectuses, supplements and financial reports to Contract Owners for which Company provides Contract Owner services hereunder, and all costs incurred by Company associated with proxies for the Fund, including proxy preparation, group authorization letters and postage. Except as otherwise agreed in writing, Company shall bear all other expenses incidental to the performance of the services described herein. The Funds shall, however, provide Company with such sufficient copies of relevant prospectuses for all Contract Owners making an initial Fund purchase as well as relevant prospectuses, prospectus supplements and periodic reports to shareholders, and other material as shall be reasonably requested by Company to disseminate to Contract Owners who purchase shares of the Funds. Company further agrees to provide telephonic support for Contract Owners, including, without limitation, advice with respect to inquiries about Ivy Funds VIP and each Portfolio (not including information about performance or related to sales), communicating with Contract Owners about Ivy Funds VIP (and Variable Account) performance, and assisting with proxy solicitations, specifically with respect to soliciting voting instructions from Contract Owners.

XXX FUNDS VIP-RELATED CONTRACT OWNER SERVICES. Company agrees to print and distribute, in a timely manner, prospectuses, SAIs, supplements thereto, Periodic Reports and any other materials of Ivy Funds VIP required by law or otherwise to be given to its shareholders, including, without limitation, Contract Owners investing in Portfolio shares, and to bear the expenses associated with such printing and distribution. In addition, Company shall bear the expenses associated with (i) printing, mailing, distributing, and tabulating proxy materials, including voting instruction solicitation materials, sent to Contract Owners with respect to proxy solicitations related to the Variable Account or related to matters requested by Company and agreed to by Ivy Funds VIP, and (ii) making typesetting and other customization changes to Ivy Funds VIP proxy materials, which changes are requested by Company and agreed to by Ivy Funds VIP. Ivy Funds VIP, and not Company, shall bear the expenses associated with printing, mailing, distributing, and tabulating proxy materials, including voting instruction solicitation materials, sent to Contract Owners with respect to proxy solicitations not involving matters requested by the Company. Company further agrees to provide telephonic support for Contract Owners, including, without limitation, responding to inquiries about Ivy Funds VIP and each Portfolio (not including information about performance or related to sales), communicating with Contract Owners about Ivy Funds VIP (and Variable Account) performance, and assisting with proxy solicitations, specifically with respect to soliciting voting instructions from Contract Owners.

XXX FUNDS VIP-RELATED CONTRACT OWNER SERVICES. Company agrees to provide telephonic support for Contract Owners, including, without limitation, advice with respect to inquiries about Ivy Funds VIP and each Portfolio (not including information about performance or related to sales), communicating with Contract Owners about Ivy Funds VIP (and Variable Account) performance, and assisting with proxy solicitations, specifically with respect to soliciting voting instructions from Contract Owners. SCHEDULE B EXPENSE ALLOCATIONS ITEM FUNCTION PARTY RESPONSIBLE FOR EXPENSE IVY FUNDS VIP PROSPECTUS Update Typesetting W&R and/or Ivy Funds VIP New Sales: Printing Distribution Company Company Existing Owners: Printing Distribution W&R and/or Ivy Funds VIP W&R and/or Ivy Funds VIP IVY FUNDS VIP STATEMENTS OF ADDITIONAL INFORMATION Same as Fund Prospectus Same as Fund Prospectus PROXY MATERIALS OF Ivy Funds VIP Typesetting Printing Distribution Sending Information tape to vendor W&R and/or Ivy Funds VIP W&R and/or Ivy Funds VIP W&R and/or Ivy Funds VIP Company ANNUAL REPORTS AND OTHER COMMUNICATIONS WITH SHAREHOLDERS OF IVY FUNDS VIP All Typesetting W&R and/or Ivy Funds VIP Marketing Printing Distribution Company Company Existing Owners: Printing Distribution W&R and/or Ivy Funds VIP W&R and/or Ivy Funds VIP

Related to XXX FUNDS VIP-RELATED CONTRACT OWNER SERVICES

Administrative Services Agreement The Administrative Services Agreement has been duly authorized, executed and delivered by the Company and is a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.
Discretionary Investment Management Services The Adviser shall act as investment adviser with respect to each Fund. In such capacity, the Adviser shall, subject to the supervision of the Board, regularly provide each Fund with investment research, advice and supervision and shall furnish continuously an investment program for each Fund, consistent with the respective investment objectives and policies of each Fund. The Adviser shall determine, from time to time, what securities shall be purchased for each Fund, what securities shall be held or sold by each Fund and what portion of each Fund’s assets shall be held uninvested in cash, subject always to the provisions of the Trust’s Agreement and Declaration of Trust (“Declaration of Trust”), as amended and supplemented (the “Declaration of Trust”), Bylaws and its registration statement on Form N-1A (the “Registration Statement”) under the 1940 Act, and under the Securities Act of 1933, as amended (the “1933 Act”), as filed with the Securities and Exchange Commission (the “Commission”), and with the investment objectives, policies and restrictions of each Fund, as each of the same shall be from time to time in effect. To carry out such obligations, and to the extent not prohibited by any of the foregoing, the Adviser shall exercise full discretion and act for each Fund in the same manner and with the same force and effect as each Fund itself might or could do with respect to purchases, sales or other transactions, as well as with respect to all other such things necessary or incidental to the furtherance or conduct of such purchases, sales or other transactions. No reference in this Agreement to the Adviser having full discretionary authority over each Fund’s investments shall in any way limit the right of the Board, in its sole discretion, to establish or revise policies in connection with the management of a Fund’s assets or to otherwise exercise its right to control the overall management of a Fund.