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EXHIBIT (g)(v)
AMENDMENT NO. 1 TO ACCOUNTING SERVICES AGREEMENT
This Amendment, dated February 5, 1996, is entered into between SCHWAB
ANNUITY PORTFOLIOS, a Massachusetts business trust (the "Fund"), and PFPC INC.
(formerly Provident Financial Processing Corporation), a Delaware corporation
which is an indirect wholly-owned subsidiary of PNC Bank Corp. (formerly, PNC
Financial Corp.) ("PFPC").
WHEREAS, the Fund and PFPC have entered into an Accounting Services
Agreement dated as of March 29, 1994 (the "Agreement") pursuant to which the
Fund appointed PFPC to provide accounting services to its investment portfolios
listed on schedule A to the Agreement; and
WHEREAS, the Fund and PFPC desire to amend the Agreement;
NOW THEREFORE, the parties hereto, intending to be legally bound,
hereby agree as follows:
1. Paragraph 15 is hereby deleted and replaced with the following:
Duration and Termination. This Agreement shall continue in full force and effect
with respect to each Portfolio, unless terminated as hereinafter provided or
amended by mutual, written agreement of the parties hereto. This Agreement may
be terminated by either party by an instrument in writing delivered, faxed or
mailed, postage prepaid, to the other party, such termination to take effect on
the date stated therein, which date shall not be sooner than sixty (60) days
after the date of such delivery or mailing.
2. Any defined terms not defined herein shall have the same meaning as
given in the Agreement.
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3. Miscellaneous. Except to the extent amended and supplemented hereby,
the Agreement shall remain unchanged and in full force and effect and is hereby
ratified and confirmed in all respects as amended and supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of
the date and year first above written.
SCHWAB ANNUITY PORTFOLIOS
By: /s/ Xxxxxxx X. Xxxxx
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Xxxxxxx X. Xxxxx
Title: Senior Vice President and Chief
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Operating Officer
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PFPC INC.
By: /s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
Title: Executive Vice President
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