1
EXHIBIT (h)(11)
NORTHERN FUNDS
ADDENDUM NO. 7 TO THE TRANSFER AGENCY AGREEMENT
This Addendum, dated as of the 21st day of December, 1998, is entered into
between NORTHERN FUNDS (the "Trust"), a Massachusetts business trust, and THE
NORTHERN TRUST COMPANY, an Illinois state bank (the "Transfer Agent").
WHEREAS, the Trust and the Transfer Agent have entered into a Transfer
Agency Agreement dated as of April 1, 1994 as amended by Addendum No. 1 dated
November 29, 1994, by Addendum No. 2 dated March 29, 1996, by Addendum No. 3
dated August 7, 1996, by Addendum No. 4 dated March 24, 1997, by Addendum No. 5
dated February 12, 1997 and by Addendum No. 6 dated November 18, 1997 (the
"Transfer Agency Agreement") pursuant to which the Trust has appointed the
Transfer Agent to act as transfer agent to the Trust for the Money Market Fund,
U.S. Government Money Market Fund, Municipal Money Market Fund, U.S. Government
Select Money Market Fund, California Municipal Money Market Fund, U.S.
Government Fund, Fixed Income Fund, Intermediate Tax-Exempt Fund, Tax-Exempt
Fund, International Fixed Income Fund, Income Equity Fund, Growth Equity Fund,
Select Equity Fund, Small Cap Fund, International Growth Equity Fund,
International Select Equity Fund, Technology Fund, Stock Index Fund, Florida
Intermediate Tax-Exempt Fund, Short-Intermediate U.S. Government Fund,
California Intermediate Tax-Exempt Fund, Arizona Tax-Exempt Fund, California
Tax-Exempt Fund, the Small Cap Index Fund and the Mid Cap Growth Fund; and
WHEREAS, the Trust is establishing the High Yield Municipal and the High
Yield Fixed Income Funds (the "Funds"), and the Trust desires to retain the
Transfer Agent under the terms of the Transfer Agency Agreement to render
transfer agency and other services with respect to the Funds and the record
and/or beneficial owners of the Funds, and the Transfer Agent is willing to
render such services.
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:
1. Appointment. The Trust hereby appoints the Transfer Agent as
transfer agent with respect to the Funds in accordance with the
terms set forth in the Transfer Agency Agreement. The Transfer Agent
hereby accepts such appointment and agrees to render the services
and perform the duties set forth in the Transfer Agency Agreement
for the compensation therein provided.
2
2. Capitalized Terms. From and after the date hereof, the term "Current
Funds" as used in the Transfer Agency Agreement shall be deemed to
include the Funds. Capitalized terms used herein and not otherwise
defined shall have the meanings ascribed to them in the Transfer
Agency Agreement.
3. Miscellaneous. The initial term of the Transfer Agency Agreement
with respect to the Funds shall continue, unless sooner terminated
in accordance with the Transfer Agency Agreement, until March 31,
1999. Except to the extent supplemented hereby, the Transfer Agency
Agreement shall remain unchanged and in full force and effect, and
is hereby ratified and confirmed in all respects as supplemented
hereby.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of the
date and year first above written.
All signatures need not appear on the same copy of this Addendum.
NORTHERN FUNDS
Attest:/s/ Illegible By: /s/ Xxxxxx X. Xxxxxxx
-------------------- -------------------------------
Title: Vice President
----------------------
THE NORTHERN TRUST COMPANY
Attest:/s/ Illegible By: /s/ Xxxxx X. Xxxxxxxx
-------------------- -------------------------------
Title: Senior Vice President
----------------------
