EXPENSE REIMBURSEMENT AGREEMENT
Exhibit 99.(d)(iii)
EXPENSE REIMBURSEMENT AGREEMENT
This Expense Reimbursement Agreement (this “Agreement”) is made and entered into as of this 1st day of December 2007 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx Large-Cap Growth Fund (the “Fund”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
1. Lord Xxxxxx agrees to bear directly and/or reimburse the Fund for expenses if and to the extent that Total Operating Expenses exceed or would otherwise exceed a particular annual rate of the average daily net assets of the Fund’s Class A, B, C, F, I, P, R2, and R3 shares, as relevant, for the time period set forth in paragraph 2 below. The applicable rates for the Fund are shown below:
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Class A |
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Class B |
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Class C |
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Class F |
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Class I |
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Class P |
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Class R2 |
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Class R3 |
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1.50 |
% |
2.15 |
% |
2.15 |
% |
1.25 |
% |
1.15 |
% |
1.60 |
% |
1.75 |
% |
1.65 |
% |
2. Lord Xxxxxx’x commitment described in paragraph 1 will be effective from December 1, 2007 through November 30, 2008.
IN WITNESS WHEREOF, Lord Xxxxxx and the Fund have caused this Agreement to be executed by a duly authorized member and officer, respectively, as of the day and year first above written.
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LORD XXXXXX LARGE-CAP GROWTH FUND |
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By: |
/s/ Xxxxxxxx X. Xxxxxxx |
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Xxxxxxxx X. Xxxxxxx |
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Vice President and Assistant Secretary |
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LORD, XXXXXX & CO. LLC |
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By: |
/s/ Xxxxxxxx X. Xxxxxx |
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Xxxxxxxx X. Xxxxxx |
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Member and General Counsel |
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