MANAGEMENT FEE WAIVER AND EXPENSE LIMITATION AGREEMENT
EXHIBIT 99.28(d)(xiv)
MANAGEMENT FEE WAIVER AND EXPENSE LIMITATION AGREEMENT
This Management Fee Waiver and Expense Limitation Agreement (the “Agreement”) is made and entered into this 27th day of September, 2012 between Lord, Xxxxxx & Co. LLC (“Lord Xxxxxx”) and Lord Xxxxxx Series Fund, Inc. (the “Company”) with respect to Calibrated Dividend Growth Portfolio (formerly Capital Structure Portfolio) (the “Portfolio”).
In consideration of good and valuable consideration, receipt of which is hereby acknowledged, it is agreed as follows:
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1. |
With respect to Calibrated Dividend Growth Portfolio, Lord Xxxxxx agrees for the time period set forth in paragraph 2 below to waive all or a portion of its management fee and administrative services fee, and, if necessary, reimburse the Portfolio’s other expenses to the extent necessary so that the Portfolio’s total net annual operating expenses do not exceed an annual rate of .85%. |
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2. |
This Agreement will be effective from September 27, 2012 through April 30, 2014. This Agreement may be terminated with respect to the Portfolio only by the Board of Directors of the Company upon written notice to Lord Xxxxxx. |
IN WITNESS WHEREOF, Lord Xxxxxx and the Company have caused this Agreement to be executed by a duly authorized member and officer, respectively, to become effective as of the day and year first above written.
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LORD XXXXXX SERIES FUND, INC. |
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By: |
/s/ Xxxxxx X. Xxxxxxxx |
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Xxxxxx X. Xxxxxxxx |
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Vice President and Assistant Secretary |
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LORD, XXXXXX & CO. LLC |
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By: |
/s/ Xxxxxxxx X. Xxxxxx |
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Xxxxxxxx X. Xxxxxx |
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Member and General Counsel |
