EXPENSE LIMITATION AGREEMENT
Exhibit H(11)
This EXPENSE LIMITATION AGREEMENT (the “Agreement”) is between Massachusetts Mutual Life Insurance Company, a Massachusetts life insurance company (the “Manager”), and MassMutual Select Funds, a Massachusetts business trust (the “Trust”), effective as of the 20th day of June, 2011.
WHEREAS, the Trust is an open-end diversified management investment company registered as such with the Securities and Exchange Commission (the “SEC”) pursuant to the Investment Company Act of 1940, as amended;
WHEREAS, MassMutual RetireSMARTSM Growth Fund (the “Fund”) is a series of the Trust;
WHEREAS, the Manager is an investment adviser registered with the SEC as such under the Investment Advisers Act of 1940, as amended; and
WHEREAS, the Trust has appointed the Manager as its investment manager for the Fund and the Manager has agreed to act in such capacity upon the terms set forth in the Investment Management Agreement;
NOW THEREFORE, the Trust and the Manager hereby agree as follows:
1. | Expense Limitation |
The Manager agrees to bear the expenses (other than the management, Rule 12b-1 and administrative fees, interest, taxes, brokerage commissions, extraordinary litigation and legal expenses, Acquired Fund fees and expenses, or other non-recurring or unusual expenses such as, for example, organizational expenses and shareholder meeting expenses) of Class S, Class Y, Class L and Class A of the Fund in excess of .03% of the average daily net asset values of each such class through March 31, 2013. This agreement can only be terminated by mutual consent of the Board of Trustees of the Trust on behalf of the Fund and the Manager.
IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 20th day of June, 2011.
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY | ||||||
By: | /s/ Xxxx Xxxxxxx |
|||||
Xxxx Xxxxxxx, Senior Vice President | ||||||
on behalf of the Fund |
By: | /s/ Xxxxxxxx Xxxxxxxxx |
|||||
Xxxxxxxx Xxxxxxxxx, CFO and Treasurer |