AMENDMENT NO. 3 TO MANAGEMENT AGREEMENT
American Century Variable Portfolios, Inc.
AMENDMENT NO. 3 TO MANAGEMENT AGREEMENT
THIS AMENDMENT NO. 3 TO MANAGEMENT AGREEMENT (“Agreement”) is effective as of the 22nd day of September, 2017, by and between AMERICAN CENTURY VARIABLE PORTFOLIOS, INC., a Maryland corporation (hereinafter called the “Company”), and AMERICAN CENTURY INVESTMENT MANAGEMENT, INC., a Delaware corporation (hereinafter called the “Investment Manager”).
WHEREAS, the Corporation and the Investment Manager are parties to a certain Management Agreement effective as of July 16, 2010, and amended effective as of March 31, 2014 and May 1, 2016 (“Agreement”); and
WHEREAS, the parties hereto desire to enter into this Amendment to reflect the addition of the duly established Class Y of shares for VP Capital Appreciation Fund, and the elimination of the Class III and Class IV of shares, as applicable, for the VP Value Fund, VP International Fund, VP Income & Growth Fund, and VP Ultra Fund.
NOW, THEREFORE, IN CONSIDERATION of the mutual promises and agreements herein contained, the parties agree as follows:
1. Amendment of Schedule A. Schedule A to the Agreement is hereby amended by deleting it in its entirety and inserting in lieu therefor the Schedule A attached hereto.
2. Ratification and Confirmation of Agreement. In the event of a conflict between the terms of this Amendment and the Agreement, it is the intention of the parties that the terms of this Amendment shall control and the Agreement shall be interpreted on that basis. To the extent the provisions of the Agreement have not been amended by this Amendment, the parties hereby confirm and ratify the Agreement.
3. Full Force and Effect. Except as expressly supplemented, amended or consented to hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be in full force and effect.
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IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed by their respective duly authorized officers to be effective as of the day and year first above written.
American Century Investment Management, Inc. | American Century Variable Portfolios, Inc. |
/s/ Xxxx X. Xxxxx | /s/ Xxxxxxx X. Xxxxxxxxxxx |
Xxxx X. Xxxxx | Xxxxxxx X. Xxxxxxxxxxx |
Vice President | Senior Vice President |
American Century Variable Portfolios, Inc. Schedule A: Fee Schedules
Schedule A
Fee Schedules
Series | Investment Strategy Assets | Fee Schedule by Class | |||
I | II | Y | |||
VP Ultra Fund | First $500 million | 1.000% | 0.900% | n/a | |
Next $500 million | 0.950% | 0.850% | n/a | ||
Over $1 billion | 0.900% | 0.800% | n/a | ||
VP Capital Appreciation Fund | First $500 million | 1.000% | 0.900% | 0.650% | |
Next $500 million | 0.950% | 0.850% | 0.600% | ||
Over $1 billion | 0.900% | 0.800% | 0.550% | ||
VP Mid Cap Value Fund | All Assets | 1.000% | 0.900% | n/a | |
VP Balanced Fund | First $250 million | 0.900% | 0.900% | n/a | |
Next $250 million | 0.850% | 0.850% | n/a | ||
Over $500 million | 0.800% | 0.800% | n/a | ||
VP Large Company Value Fund | First $1 billion | 0.900% | 0.800% | n/a | |
Next $4 billion | 0.800% | 0.700% | n/a | ||
Over $5 billion | 0.700% | 0.600% | n/a | ||
VP Value Fund | First $500 million | 1.000% | 0.900% | n/a | |
Next $500 million | 0.950% | 0.850% | n/a | ||
Over $1 billion | 0.900% | 0.800% | n/a | ||
VP Income & Growth Fund | First $5 billion | 0.700% | 0.700% | n/a | |
Over $5 billion | 0.650% | 0.650% | n/a | ||
VP International Fund | First $250 million | 1.500% | 1.400% | n/a | |
Next $250 million | 1.200% | 1.100% | n/a | ||
Next $500 million | 1.100% | 1.000% | n/a | ||
Over $1 billion | 1.000% | 0.900% | n/a | ||
