NORTHERN FUNDS ADDENDUM NO. 32 TO THE TRANSFER AGENCY AGREEMENT
Exhibit (h)(33)
ADDENDUM NO. 32 TO THE TRANSFER AGENCY AGREEMENT
This Addendum, dated as of the 18th day of February, 2011, is entered into between NORTHERN FUNDS (the “Trust”), a Delaware statutory 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, by Addendum No. 6 dated November 18, 1997, Addendum No. 7 dated December 21, 1998, by Addendum No. 8 dated September 15, 1999, Addendum No. 9 dated December 28, 1999, Xxxxxxxx Xx. 00 dated February 8, 2000, Xxxxxxxx Xx. 00 dated July 31, 2000, Xxxxxxxx Xx. 00 dated August 1, 2000, Xxxxxxxx Xx. 00 dated August 1, 2000, Xxxxxxxx Xx. 00 dated May 17, 2001, Xxxxxxxx Xx. 00 dated October 30, 2001, Xxxxxxxx Xx. 00 dated February 14, 2005, Xxxxxxxx Xx. 00 dated December 5, 2005, Xxxxxxxx Xx. 00 dated February 17, 2006, Xxxxxxxx Xx. 00 dated February 17, 2006, by Xxxxxxxx Xx. 00 dated May 5, 2006, by Xxxxxxxx Xx. 00 dated May 5, 2006, by Xxxxxxxx Xx. 00 dated February 16, 2007 by Xxxxxxxx Xx. 00 dated August 3, 2007, by Xxxxxxxx Xx. 00 dated August 3, 2007, by Xxxxxxxx Xx. 00 dated November 2, 2007, by Xxxxxxxx Xx. 00 dated August 8, 2008, by Xxxxxxxx Xx. 00 dated November 7, 2008, by Xxxxxxxx Xx. 00 dated May 8, 2009, by Xxxxxxxx Xx. 00 dated August 28, 2009, by Xxxxxxxx Xx. 00 dated May 7, 2010 and by Xxxxxxxx Xx. 00 dated February 18, 2011 (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, Income Equity Fund, Large Cap Equity Fund (formerly known as the Growth Equity Fund), Large Cap Growth Fund (formerly known as the Select Equity Fund), Small Cap Value Fund (formerly known as the Small Cap Fund), Technology Fund, Stock Index Fund, Short-Intermediate U.S. Government Fund, California Intermediate Tax-Exempt Fund, Arizona Tax-Exempt Fund, California Tax-Exempt Fund, Small Cap Index Fund, Mid Cap Growth Fund, High Yield Municipal Fund, High Yield Fixed Income Fund, Global Fixed Income Fund, Small Cap Core Fund (formerly known as the Small Cap Growth Fund), Large Cap Value Fund, International Equity Fund (formerly known as the International Growth Equity Fund), International Equity Index Fund, Mid Cap Index Fund, Enhanced Large Cap Fund, Emerging Markets Equity Index Fund (formerly known as the Emerging Markets Equity Fund), Multi-Manager Mid Cap Fund, Multi-Manager Small Cap Fund, Multi-Manager International Equity Index Fund, Global Real Estate Index Fund, Bond Index Fund, Multi-Manager Large Cap Fund, Short-Intermediate Tax-Exempt Fund, Global Sustainability Index Fund, Developed International Small Cap Index Fund, Multi-Manager Emerging Markets Equity Fund,
Multi-Manager Global Real Estate Fund, Ultra-Short Fixed Income Fund, Tax-Advantaged Ultra-Short Fixed Income Fund, Multi-Manager High Yield Opportunity Fund, Investors Money Market Fund, Investors AMT-Free Municipal Money Market Fund, Investors U.S. Government Money Market Fund and the Global Tactical Asset Allocation Fund (each a “Fund” and collectively the “Funds”); and
WHEREAS, the Trust and the Transfer Agent wish to amend the Transfer Agency Agreement to extend its termination date to June 30, 2012, for each of the Funds.
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:
| 1. | Duration and Termination. Section 7 of the Transfer Agency Agreement is hereby amended and restated in its entirety as follows: |
Duration and Termination. Insofar as the holders of Shares representing interests in the Funds are affected by this Agreement, it shall continue, unless sooner terminated as provided herein, until June 30, 2012, and, insofar as the holders of Shares representing interests in each of the other Funds are affected by this Agreement, it shall continue until June 30 of the year following the year in which the Fund commences investment operations, and as to each Fund thereafter shall continue automatically for periods of one year so long as each such latter continuance is approved at least annually (a) by the vote of a majority of the Trustees of the Trust who are not parties to this Agreement or interested persons (as defined by the 0000 Xxx) of any such party, cast in person at a meeting called for the purpose of voting on such approval, and (b) by the Trustees of the Trust; provided, however, that this Agreement may be terminated by the Trust at any time with respect to any Fund, without the payment of any penalty, by vote of a majority of the Trustees of the Trust or by vote of a majority of the outstanding Shares (as so defined) of such Fund on 60 days’ written notice to the Northern, or by Northern at any time without the payment of any penalty, on 60 days’ written notice to the Trust. This Agreement will automatically and immediately terminate in the event of its assignment (as defined by the 1940 Act).
| 2. | Capitalized Terms. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to them in the Transfer Agency Agreement. |
| 3. | Miscellaneous. Except to the extent supplemented hereby, the Transfer Agency Agreement, as amended to date, shall remain unchanged and in full force and effect, and is hereby ratified and confirmed in all respects as supplemented hereby. |
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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 | ||
| By: | /s/ Xxxxx Xxxxxxxx | |
| Name: | Xxxxx Xxxxxxxx | |
| Title: | President | |
| THE NORTHERN TRUST COMPANY | ||
| By: | /s/ Xxxx Xxxxxxxxxx | |
| Name: | Xxxx Xxxxxxxxxx | |
| Title: | Senior Vice President | |
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