Exhibit (h)(21)
AMENDMENT TO
CO-ADMINISTRATION AGREEMENT
This Amendment dated as of February 8, 2002, is entered into by NORTHERN
FUNDS (the "Fund"), NORTHERN TRUST INVESTMENTS, INC. ("NTI") and PFPC INC.
("PFPC").
WHEREAS, the Fund, The Northern Trust Company ("Northern") and PFPC entered
into a Co-Administration Agreement dated as of July 31, 2000, as amended (the
"Agreement") which appointed PFPC and Northern as Co-Administrators with respect
to each investment portfolio listed as Schedule A to the Agreement;
WHEREAS, pursuant to an Assignment and Assumption Agreement dated as of
January 1, 2001, Northern assigned its rights and obligations under the
Agreement to NTI and NTI accepted all such rights and obligations;
WHEREAS, the Fund, NTI and PFPC wish to amend certain terms of the
Agreement;
NOW, THEREFORE, the parties hereto, intending to be legally bound hereby,
hereby agree as follows:
I. The final sentence of Article 16 of the Agreement shall be revised to
read as follows:
The Co-Administrators may, in their sole discretion, engage
subcontractors to perform any of the obligations contained in this
Agreement that they are otherwise required to perform hereunder,
provided that the Co-Administrators shall be responsible for all
compensation payable to such subcontractors and shall remain
responsible for the acts and omissions of such subcontractors to the
same extent that the Co-Administrators are hereunder.
II. The following sentence shall be added as the final sentence of Section
12.2 of the Agreement:
Notwithstanding anything to the contrary above, the first Renewal Term
shall expire on [April 30, 2002], and each successive Renewal Term
shall expire on [April 30].
III. Except to the extent amended hereby, the Agreement shall remain
unchanged and in full force and effect and is hereby ratified and
confirmed in all respects as amended hereby.
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
and year first written above.
NORTHERN FUNDS
By: /s/ Xxxxx X. Xxxxxxxx
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NORTHERN TRUST INVESTMENTS, INC.
By: /s/ Xxxxxxx X. Xxxxxx III
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PFPC INC.
By: /s/ Xxxxxxx X. Xxxxx
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