Exhibit 99(d)(v)
EXPENSE REIMBURSEMENT AGREEMENT
THIS EXPENSE REIMBURSEMENT AGREEMENT (this "Agreement") is made and entered
into this 1st day of December 2004 between Lord, Xxxxxx & Co. LLC ("Lord
Xxxxxx") and Lord Xxxxxx Research Fund, Inc. (the "Research Fund") with respect
to the Lord Xxxxxx Growth Opportunities Fund and the Lord Xxxxxx Large-Cap Core
Fund (each a "Fund").
In consideration of good and valuable consideration, receipt of which is
hereby acknowledged, it is agreed as follows:
1. With respect to the Growth Opportunities Fund, Lord Xxxxxx agrees to
bear directly and/or reimburse the Fund for expenses if and to the
extent that Total Operating Expenses exceed or would otherwise exceed
an annual rate of (a) one hundred and fifty-five basis points (1.55%)
for Class A shares of the Fund, (b) two hundred and twenty basis
points (2.20%) for Class B shares of the Fund, (c) two hundred and
twenty basis points (2.20%) for Class C shares of the Fund, (d) one
hundred and sixty-five basis points (1.65%) for Class P shares of the
Fund, and (e) one hundred and twenty basis points (1.20%) for Class Y
shares of the Fund of the average daily net assets in the Fund for the
time period set forth in paragraph 3 below.
2. With respect to the Large-Cap Core Fund, Lord Xxxxxx agrees to bear
directly and/or reimburse the Fund for expenses if and to the extent
that Total Operating Expenses exceed or would otherwise exceed an
annual rate of (a) one hundred and thirty basis points (1.30%) for
Class A shares of the Fund, (b) one hundred and ninety-five basis
points (1.95%) for Class B shares of the Fund, (c) one hundred and
ninety-five basis points (1.95%) for Class C shares of the Fund, (d)
one hundred and forty basis points (1.40%) for Class P shares of the
Fund, (e) ninety-five basis points (0.95%) for Class Y shares of the
Fund of the average daily net assets in the Fund for the time period
set forth in paragraph 3 below.
3. Lord Xxxxxx'x commitment described in paragraphs 1 and 2 will be
effective from December 1, 2004 through November 30, 2005.
IN WITNESS WHEREOF, Lord Xxxxxx and the Research Fund have caused this
Agreement to be executed by a duly authorized member and officer, respectively,
on the day and year first above written.
LORD XXXXXX RESEARCH FUND, INC.
By: /s/ Xxxxxxxxx X. Xxxxxxx
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Xxxxxxxxx X. Xxxxxxx
Vice President and Assistant Secretary
LORD, XXXXXX & CO. LLC
By: /s/ Xxxx X. Xxxxxxx
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Xxxx X. Xxxxxxx
Member and General Counsel
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