CUSTODIAN AGREEMENT
THIS AGREEMENT, made as of the 21st day of March, 1992, by and between
Fortis Equity Portfolios, Inc., a Minnesota corporation (the "Fund"), for and
on behalf of each Series of the Fund that adopts this Agreement (said series
being hereinafter referred to individually, as a "Series" and collectively,
as the "Series"), and Norwest Bank Minnesota, N.A., national banking
association organized and existing under the laws of the United States of
America (the "Custodian"). The name of each Series that adopts this
Agreement and the effective date of this Agreement with respect to each such
Series are set forth in EXHIBIT A hereto.
WITNESSETH:
WHEREAS, the Fund desires to appoint the Custodian as the custodian for
the assets of each Series, and the Custodian desires to accept such
appointment, pursuant to the terms and conditions of this Agreement.
NOW, THEREFORE, in consideration of the mutual agreements and covenants
herein made, the Fund and the Custodian agree as follows:
ARTICLE 1. DEFINITIONS
The word "Securities" as used herein shall be construed to include, without
being limited to, shares, stocks, bonds, debentures, notes, scrip, participation
certificates, rights to subscribe, warrants, options, certificates of deposit,
bankers' acceptances, repurchase agreements, commercial paper, choses in action,
evidences of indebtedness, investment contracts, voting trust certificates,
certificates of indebtedness and certificates of interest of any and every kind
and nature whatsoever, secured and unsecured, issued or to be issued, by any
corporation, company, partnership (limited or general), association, trust,
entity or person, public or private, whether organized under the laws of the
United States, or any state, commonwealth, territory or possession thereof, or
organized under the laws of any foreign country, or any state, province,
territory or possession thereof, or issued or to be issued by the United States
government or any agency or instrumentality thereof, options on stock indexes,
stock index and interest rate futures contracts and options thereon, and other
futures contracts and options thereon.
The words "Written Order from the Fund" shall mean a writing signed or
initialed by one or more person or persons designated in the current certified
list referred to in Article 2, provided that if said writing is signed by only
one person, that person shall be an officer of the Fund designated in said
current certified list. "Written Order from the Fund" also may include a
communication effected directly between electro-mechanical or electronic devices
(including, but not limited to, facsimile transceivers) provided that management
of the Fund and the Custodian are satisfied that such procedures afford adequate
safeguards for the assets of each Series.
ARTICLE 2. NAMES, TITLES AND SIGNATURES OF FUND'S OFFICERS
The Fund shall certify to the Custodian the names, titles and signatures
of officers and other persons who are authorized to give any Written Order
from the Fund on behalf of each Series. The Fund agrees that, whenever any
change in such authorization occurs, it will file with the Custodian a new
certified list of names, titles and signatures which shall be signed by at
least one officer previously certified to the Custodian if any such officer
still holds an office in the Fund. The Custodian is authorized to rely and
act upon the names, titles and signatures of the individuals as they appear
in the most recent such certified list which has been delivered to the
Custodian as hereinbefore provided.
ARTICLE 3. SUB-CUSTODIANS AND DEPOSITORIES
Notwithstanding any other provision in this Agreement to the contrary,
all or any of the cash and Securities of each Series may be held in the
Custodian's own custody or in the custody of one or more other banks or trust
companies selected by the Custodian or as directed in one or more Written
Orders from the Fund. Any such sub-custodian must have the qualifications
required for custodians under the Investment Company Act of 1940, as amended.
The Custodian or sub-custodian, as the case may be, may participate directly
or indirectly in one or more "securities depositories" (as defined in Rule
17f-4 under the Investment Company Act of 1940, as amended, or in any
successor provisions or rules thereto). Any references in this Agreement to
the delivery of Securities by or to the Custodian shall, with respect to
Securities custodied with one of the aforementioned "securities
depositories," be interpreted to mean that the Custodian shall cause a
bookkeeping entry to be made by the applicable securities depository to
indicate the transfer of ownership of the applicable Security to or from the
Fund, all as set forth in one or more Written Orders from the Fund.
Additionally, any references in this Agreement to the receipt of proceeds or
payments with respect to Securities transactions shall, with respect to
Securities custodied with one of the aforementioned "securities
depositories," be interpreted to mean that the Custodian shall have received
an advice from such securities depository that said proceeds or payments have
been received by such depository and deposited in the Custodian's account.
ARTICLE 4. RECEIPT AND DISBURSING OF MONEY
SECTION (1). The Fund shall from time to time cause cash owned by the
Fund to be delivered or paid to the Custodian for the account of any Series,
but the Custodian shall not be under any obligation or duty to determine
whether all cash of the Fund is being so deposited or to take any action or
to give any notice with respect to cash not so deposited. The Custodian
agrees to hold such cash, together with any other sum collected or received
by it for or on behalf of each Series, in the account of such Series in
conformity with the terms of this Agreement. The Custodian shall be
authorized to disburse cash from the account of each Series only:
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(a) upon receipt of and in accordance with Written Orders from the Fund
stating that such cash is being used for one or more of the following purposes,
and specifying such purpose or purposes, provided, however, that a reference in
such Written Order from the Fund to the pertinent paragraph or paragraphs of
this Article shall be sufficient compliance with this provision:
(i) the payment of interest;
(ii) the payment of dividends;
(iii) the payment of taxes;
(iv) the payment of the fees or charges to any investment
adviser of any Series;
(v) the payment of fees to a Custodian, stock registrar,
transfer agent or dividend disbursing agent of any
Series;
(vi) the payment of distribution fees and commissions;
(vii) the payment of any operating expenses, which shall be
deemed to include legal and accounting fees and all other
expenses not specifically referred to in this paragraph
(a);
(viii) payments to be made in connection with the conversion,
exchange or surrender of Securities owned by any Series;
(ix) payments on loans that may from time to time be due;
(x) payment to a recognized and reputable broker for
Securities purchased by the Fund through said broker
(whether or not including any regular brokerage fees,
charges or commissions on the transaction) upon receipt by
the Custodian of such Securities in proper form for
transfer and after the receipt of a confirmation from the
broker or dealer with respect to the transaction;
(xi) payment to an issuer or its agent on a subscription for
Securities of such issuer upon the exercise of rights so
to subscribe, against a receipt from such issuer or agent
for the cash so paid;
(b) as provided in Article 5 hereof; and
(c) upon the termination of this Agreement.
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SECTION (2). The Custodian is hereby appointed the attorney-in-fact of
the Fund to use reasonable efforts to enforce and collect all checks, drafts
or other orders for the payment of money received by the Custodian for the
account of the Fund and drawn to or to the order of the Fund and to deposit
them in the account of the applicable Series.
ARTICLE 5. RECEIPT OF SECURITIES
The Fund agrees to place all of the Securities of each Series in its
account with the Custodian, but the Custodian shall not be under any
obligation or duty to determine whether all Securities of any Series are
being so deposited, or to require that such Securities be so deposited, or to
take any action or give any notice with respect to the Securities not so
deposited. The Custodian agrees to hold such Securities in the account of the
Series designated by the Fund, in the Fund's name of the Fund or of bearer
or of a nominee of the Custodian, and in conformity with the terms of this
Agreement. The Custodian also agrees, upon Written Order from the Fund, to
receive from persons other than the Fund and to hold in the account of the
Series designated by the Fund Securities specified in said Written Order of
the Fund, and, if the same are in proper form, to cause payment to be made
therefor to the persons from whom such Securities were received, from the
funds of the applicable Series held by the Custodian in the Fund's account in
the amounts provided and in the manner directed by the Written Order from the
Fund.
The Custodian agrees that all Securities of each Series placed in the
Custodian's custody shall be kept physically segregated at all times from
those of any other Series, person, firm or corporation, and shall be held by
the Custodian with all reasonable precautions for the safekeeping thereof.
Upon delivery of any Securities of any Series to a subcustodian pursuant to
Article 3 of this Agreement, the Custodian will create and maintain records
identifying those assets which have been delivered to the subcustodian as
belonging to the applicable Series.
ARTICLE 6. DELIVERY OF SECURITIES
The Custodian agrees to transfer, exchange or deliver Securities as
provided in Article 7, or on receipt by it of, and in accordance with, a Written
Order from the Fund in which the Fund shall state specifically which of the
following cases is covered thereby:
(a) in the case of deliveries of Securities sold by the Fund, against
receipt by the Custodian of the proceeds of sale and after receipt of a
confirmation from a broker or dealer (or, in accordance with industry practice
with respect to "same day trades," acceptance of delivery of such securities by
the broker or dealer, which acceptance is followed up by confirmation thereof
within the normal settlement period) with respect to the transaction;
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(b) in the case of deliveries of Securities which may mature or be called,
redeemed, retired or otherwise become payable, against receipt by the Custodian
of the sums payable thereon or against interim receipts or other proper delivery
receipts;
(c) in the case of deliveries of Securities which are to be transferred to
and registered in the name of the Fund or of a nominee of the Custodian and
delivered to the Custodian for the account of the Series, against receipt by the
Custodian of interim receipts or other proper delivery receipts;
(d) in the case of deliveries of Securities to the issuer thereof, its
transfer agent or other proper agent, or to any committee or other organization
for exchange for other Securities to be delivered to the Custodian in connection
with a reorganization or recapitalization of the issuer or any split-up or
similar transaction involving such Securities, against receipt by the Custodian
of such other Securities or against interim receipts or other proper delivery
receipts;
(e) in the case of deliveries of temporary certificates in exchange for
permanent certificates, against receipt by the Custodian of such permanent
certificates or against interim receipts or other proper delivery receipts;
(f) in the case of deliveries of Securities upon conversion thereof into
other Securities, against receipt by the Custodian of such other Securities or
against interim receipts or other proper delivery receipts;
(g) in the case of deliveries of Securities in exchange for other
Securities (whether or not such transactions also involve the receipt or payment
of cash), against receipt by the Custodian of such other Securities or against
interim receipts or other proper delivery receipts;
(h) in the case of warrants, rights or similar Securities, the surrender
thereof in the exercise of such warrants, rights or similar Securities or the
surrender of interim receipts or temporary Securities for definitive Securities;
(i) for delivery in connection with any loans of securities made by the
Fund for the benefit of any Series, but only against receipt of adequate
collateral as agreed upon from time to time by the Custodian and the Fund;
(j) for delivery as security in connection with any borrowings by the
Fund for the benefit of any Series requiring a pledge of assets from the
Fund, but only against receipt of amounts borrowed;
(k) for delivery in accordance with the provisions of any agreement among
the Fund, the Custodian and a bank, broker-dealer or futures commission merchant
relating to compliance with applicable rules and
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regulations regarding account deposits, escrow or other arrangements in
connection with transactions by the Fund for the benefit of any Series;
(l) in a case not covered by the preceding paragraphs of this Article,
upon receipt of a resolution adopted by the Board of Directors of the Fund,
signed by an officer of the Fund and certified to by the Secretary, specifying
the Securities and assets to be transferred, exchanged or delivered, the
purposes for which such delivery is being made, declaring such purposes to be
proper corporate purposes, and naming a person or persons (each of whom shall be
a properly bonded officer or employee of the Fund) to whom such transfer,
exchange or delivery is to be made; and
(m) in the case of deliveries pursuant to paragraphs (a) through (k)
above, the Written Order from the Fund shall direct that the proceeds of any
Securities delivered, or Securities or other assets exchanged for or in lieu of
Securities so delivered, are to be delivered to the Custodian.
ARTICLE 7. CUSTODIAN'S ACTS WITHOUT WRITTEN ORDERS FROM THE FUND
Unless and until the Custodian receives contrary Written Orders from the
Fund, the Custodian shall without order from the Fund:
(a) present for payment all bills, notes, checks, drafts and similar
items, and all coupons or other income items (except stock dividends), held
or received for the account of the Fund, and which require presentation in
the ordinary course of business, and credit such items to the account of the
applicable Series conditionally, subject to final payment;
(b) present for payment all Securities which may mature or be called,
redeemed, retired or otherwise become payable and credit such items to the
account of the Fund conditionally, subject to final payment;
(c) hold for and credit to the account of any Series all shares of
stock and other Securities received as stock dividends or as the result of a
stock split or otherwise from or on account of Securities of the Series, and
notify the Fund, in the Custodian's monthly reports to the Fund, of the
receipt of such items;
(d) deposit or invest (as instructed from time to time by the Fund) any
cash received by it from, for or on behalf of any Series to the credit of the
applicable Series;
(e) charge against the account of any Series disbursements authorized to
be made by the Custodian hereunder and actually made by it, and notify the Fund
of such charges at least once a month;
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(f) deliver Securities which are to be transferred to and reissued in the
name of the Fund, or of a nominee of the Custodian for the account of the Fund,
and temporary certificates which are to be exchanged for permanent certificates,
to a proper transfer agent for such purpose against interim receipts or other
proper delivery receipts; and
(g) hold for disposition in accordance with Written Orders from the Fund
hereunder all options, rights and similar Securities which may be received by
the Custodian and which are issued with respect to any securities held by it
hereunder, and notify the Fund promptly of the receipt of such items.
ARTICLE 8. SEGREGATED ACCOUNTS
Upon receipt of a Written Order from the Fund, the Custodian shall
establish and maintain one or more segregated accounts for and on behalf of the
Series specified in said Written Order from the Fund for purposes of segregating
cash and/or Securities (of the type agreed upon from time to time by the
Custodian and the Fund) for the purpose or purposes specified in said Written
Order from the Fund.
ARTICLE 9. DELIVERY OF PROXIES
The Custodian shall deliver promptly to the Fund all proxies, notices and
communications with relation to Securities held by it which it may receive from
sources other than the Fund.
ARTICLE 10. TRANSFER
The Fund shall furnish to the Custodian appropriate instruments to
enable the Custodian to hold or deliver in proper form for transfer any
Securities which it may hold for the account of any Series of the Fund. For
the purpose of facilitating the handling of Securities, unless otherwise
directed by Written Order from the Fund, the Custodian is authorized to hold
Securities deposited with it under this Agreement in the name of its
registered nominee or nominees (as defined in the Internal Revenue Code and
any regulations of the United States Treasury Department issued thereunder or
in any provision of any subsequent federal tax law exempting such transaction
from liability for stock transfer taxes) and shall execute and deliver all
such certificates in connection therewith as may be required by such laws or
regulations or under the laws of any state. The Custodian shall, if
requested by the Fund, advise the Fund of the certificate number of each
certificate so presented for transfer and that of the certificate received in
exchange therefor, and shall use its best efforts to the end that the
specific Securities held by it hereunder shall be at all times identifiable.
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ARTICLE 11. TRANSFER TAXES AND OTHER DISBURSEMENTS
The Fund, for and on behalf of each Series, shall pay or reimburse the
Custodian for any transfer taxes payable upon transfers of Securities made
hereunder, including transfers incident to the termination of this Agreement,
and for all other necessary and proper disbursements and expenses made or
incurred by the Custodian in the performance or incident to the termination
of this Agreement, and the Custodian shall have a lien upon any cash or
Securities held by it for the Fund's account for all such items, enforceable,
after thirty days' written notice by registered mail from the Custodian to
the Fund, by the sale of sufficient Securities to satisfy such lien. The
Custodian may reimburse itself by deducting from the proceeds of any sale of
Securities an amount sufficient to pay any transfer taxes payable upon the
transfer of Securities sold. The Custodian shall execute such certificates
in connection with Securities delivered to it under this Agreement as may be
required, under the provisions of any federal revenue act and any regulations
of the Treasury Department issued thereunder or any state laws, to exempt
from taxation any transfers and/or deliveries of any such Securities as may
qualify for such exemption.
ARTICLE 12. CUSTODIAN'S LIABILITY FOR
PROCEEDS OF SECURITIES SOLD
If the mode of payment for Securities to be delivered by the Custodian is
not specified in the Written Order from the Fund directing such delivery, the
Custodian shall make delivery of such Securities against receipt by it of cash,
a postal money order or a check drawn by a bank, trust company or other banking
institution, or by a broker named in such Written Order from the Fund, for the
amount the Custodian is directed to receive. The Custodian shall be liable for
the proceeds of any delivery of Securities made pursuant to this Article, but
provided that it has complied with the provisions of this Article, only to the
extent that such proceeds are actually received.
ARTICLE 13. CUSTODIAN'S REPORT
The Custodian shall furnish the Fund, as of the close of business on the
last business day of each month, a statement showing all cash transactions
and entries for the account of each Series of the Fund. The books and
records of the Custodian pertaining to its actions as Custodian under this
Agreement shall be open to inspection and audit, at reasonable times, by
officers of, and auditors employed by, the Fund. The Custodian shall furnish
the Fund with a list of the Securities held by it in custody for the account
of each Series of the Fund as of the close of business on the last business
day of each quarter of the Fund's fiscal year.
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ARTICLE 14. CUSTODIAN'S COMPENSATION
The Custodian shall be paid compensation at such rates and at such times as
may from time to time be agreed on in writing by the parties hereto (as set
forth with respect to each Series in EXHIBIT A hereto), and the Custodian shall
have a lien for unpaid compensation, to the date of termination of this
Agreement, upon any cash or Securities held by it for the account of the Fund,
enforceable in the manner specified in Article 11 hereof.
ARTICLE 15. DURATION, TERMINATION AND AMENDMENT OF AGREEMENT
This Agreement shall remain in effect with respect to each Series, as it
may from time to time be amended, until it shall have been terminated as
hereinafter provided, but no such amendment or termination shall affect or
impair any rights or liabilities arising out of any acts or omissions to act
occurring prior to such amendment or termination.
The Custodian may terminate this Agreement by giving the Fund ninety days'
written notice of such termination by registered mail addressed to the Fund at
its principal place of business.
The Fund may terminate this Agreement by giving ninety days' written notice
thereof delivered by registered mail to the Custodian at its principal place of
business. Additionally, this Agreement may be terminated with respect to any
Series of the Fund pursuant to the same procedures, in which case this Agreement
shall continue in full effect with respect to all other Series of the Fund.
Upon termination of this Agreement, the assets of the Fund, or Series
thereof, held by the Custodian shall be delivered by the Custodian to a
successor custodian upon receipt by the Custodian of a Written Order from the
Fund designating the successor custodian; and if no successor custodian is
designated in said Written Order from the Fund, the Custodian shall, upon
such termination, deliver all such assets to the Fund.
This Agreement may be amended or terminated at any time by the mutual
agreement of the Fund and the Custodian. Additionally, this Agreement may be
amended or terminated with respect to any Series of the Fund at any time by
the mutual agreement of the Fund and the Custodian, in which case such
amendment or termination would apply to such Series amending or terminating
this Agreement but not to the other Series of the Fund.
This Agreement may not be assigned by the Custodian without the consent of
the Fund, authorized or approved by a resolution of its Board of Directors.
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ARTICLE 16. SUCCESSOR CUSTODIAN
Any bank or trust company into which the Custodian or any successor
custodian may be merged or converted or with which it or any successor custodian
may be consolidated, or any bank or trust company resulting from any merger,
conversion or consolidation to which the Custodian or any successor custodian
shall be a party, or any bank or trust company succeeding to the business of the
Custodian, shall be and become the successor custodian without the execution of
any instrument or any further act on the part of the Fund or the Custodian or
any successor custodian.
Any successor custodian shall have all the power, duties and obligations of
the preceding custodian under this Agreement and any amendments thereof and
shall succeed to all the exemptions and privileges of the preceding custodian
under this Agreement and any amendments thereof.
ARTICLE 17. GENERAL
Nothing expressed or mentioned in or to be implied from any provisions of
this Agreement is intended to give or shall be construed to give any person or
corporation other than the parties hereto any legal or equitable right, remedy
or claim under or in respect of this Agreement or any covenant, condition or
provision herein contained, this Agreement and all of the covenants, conditions
and provisions hereof being intended to be, and being, for the sole and
exclusive benefit of the parties hereto and their respective successors and
assigns.
It is the purpose and intention of the parties hereto that the Fund shall
retain all the power, rights and responsibilities of determining policy,
exercising discretion and making decisions with respect to the purchase, or
other acquisition, and the sale, or other disposition, of all of its Securities,
and that the duties and responsibilities of the Custodian hereunder shall be
limited to receiving and safeguarding the assets and Securities of the Fund and
to delivering or disposing of them pursuant to the Written Order from the Fund
as aforesaid, and the Custodian shall have no authority, duty or responsibility
for the investment policy of the Fund or for any acts of the Fund in buying or
otherwise acquiring, or in selling or otherwise disposing of, any Securities,
except as hereinbefore specifically set forth.
The Custodian shall in no case or event permit the withdrawal of any money
or Securities of the Fund upon the mere receipt of any director, officer,
employee or agent of the Fund, but shall hold such money and Securities for
disposition under the procedures herein set forth.
ARTICLE 18. STANDARD OF CARE; INDEMNIFICATION
In connection with the performance of its duties and responsibilities
hereunder, the Custodian (and each officer, employee, agent, sub-custodian and
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depository of or engaged by the Custodian) shall at all times be held to the
standard of reasonable care. The Custodian shall be fully responsible for any
action taken or omitted by any officer, employee, agent, sub-custodian or
depository of or engaged by the Custodian to the same extent as if the Custodian
were to take or omit to take such action directly. The Custodian agrees to
indemnify and hold the Fund harmless from and against any and all loss,
liability and expense, including reasonable legal fees and expenses, arising out
of the Custodian's own negligence, misfeasance, bad faith or willful misconduct
or that of any officer, employee, agent, sub-custodian and depository of or
engaged by the Custodian in the performance of the Custodian's duties and
obligations under this Agreement; PROVIDED, HOWEVER, that, notwithstanding any
other provision in this Agreement, the Custodian shall not be responsible for
the following:
(a) any action taken or omitted in accordance with any Written Order from
the Fund reasonably believed by the Custodian to be genuine and to be signed by
the proper party or parties; or
(b) any action taken or omitted in reasonable reliance on the advice of
counsel of or reasonably acceptable to the Fund relating to any of its duties
and responsibilities hereunder.
The Fund agrees to indemnify and hold the Custodian harmless from and
against any and all loss, liability and expense, including reasonable legal fees
and expenses, arising out of the performance by the Custodian (and each officer,
employee, agent, sub-custodian and depository of or engaged by the Custodian) of
its duties and responsibilities under this Agreement PROVIDED THAT the Custodian
(or any officer, employee, agent, sub-custodian or depository of or engaged by
the Custodian, as applicable) exercised reasonable care in the performance of
its duties and responsibilities under this Agreement.
ARTICLE 19. EFFECTIVE DATE
This Agreement shall become effective with respect to each Series that
adopts this Agreement when this Agreement shall have been approved with
respect to such Series by the Board of Directors of the Fund. The effective
date with respect to each Series shall be set forth on EXHIBIT A hereto. The
Fund shall transmit to the Custodian promptly after such approval by said
Board of Directors a copy of its resolution embodying such approval,
certified by the Secretary of the Fund.
ARTICLE 20. GOVERNING LAW
This Agreement is executed and delivered in Minneapolis, Minnesota, and the
laws of the State of Minnesota shall be controlling and shall govern the
construction, validity and effect of this contract.
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IN WITNESS WHEREOF, the Fund and the Custodian have caused this Agreement
to be executed in duplicate as of the date first above written by their duly
authorized officers.
ATTEST: FORTIS , INC.
/s/ Xxxxxxx X. Xxxxxx
Secretary By /s/ Xxxxxx Xxxxxxx
----------------------------
Its President
----------------------------
ATTEST: NORWEST BANK MINNESOTA, N.A
Trust Officer By /s/ Xxxxx Xxxxxx
----------------------------
Its Assistant Vice President
----------------------------
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EXHIBIT A
(AS AMENDED THROUGH MARCH 21, 1992)
TO
CUSTODIAN AGREEMENT
BETWEEN
FORTIS EQUITY PORTFOLIOS, INC.
AND
NORWEST BANK MINNESOTA, N.A.
NAME OF SERIES EFFECTIVE DATE
-------------- --------------
Fortis Capital Fund March 21, 1992
A-1
EXHIBIT B
(AS AMENDED THROUGH MARCH 21, 1992)
TO
CUSTODIAN AGREEMENT
BETWEEN
FORTIS EQUITY PORTFOLIOS, INC.
AND
NORWEST BANK MINNESOTA, N.A.
COMPENSATION SCHEDULE
B-1
NORWEST BANK MINNESOTA
CUSTODY FEE SCHEDULE
FORTIS
SAFEKEEPING CHARGES
PER ISSUE
Bonds: $20.00 per year
Stocks: $40.00 per year
ASSET VALUE
Bonds: $0.10/$1,000.00 par value of assets per year
Stocks: $0.10/$1,000.00 par value of assets per year
TRANSACTION CHARGES
Buy/Sell/Maturity $ 12.00 per transaction
Principal Payments $ 12.00 per transaction
Incoming/Outgoing Movement $ 10.00 per movement
Asset Movements $ 12.00 per movement
EXTRAORDINARY SERVICES
For any service other than those covered by the aforementioned, a special charge
may be made according to the service provided, time required and responsibility
involved. Such services include, but are not limited to excessive
administrative time, unusual reports, certifications, audits, etc.
ADDITIONAL CHARGES
Reimbursement may be requested for out-of-pocket expenses such as postage,
insurance, shipping, telephone, supplies, etc.
This fee schedule shall remain effective subject to periodic review by all
concerned parties.
