Exhibit 1.8(q)(2)
DRAFT MR NOVEMBER 22, 2000
date
address
Re: AMT SERVICES AGREEMENT
Dear _____________:
This letter sets forth the terms and conditions of the services agreement
between Xxxxxxxxx Xxxxxx Management Inc. ("NBMI") and __________________ (the
"Company"), effective as of the ___ day of ____, 2000_.
The Company, NBMI and Xxxxxxxxx Xxxxxx Advisers Management Trust (the "Trust")
have entered into a Fund Participation Agreement, dated the ____ day of ______,
2000, as may be amended from time to time (the "Participation Agreement"),
pursuant to which the Company, on behalf of certain of its separate accounts
(the "Separate Accounts"), purchases shares ("Shares") of certain Portfolios of
the Trust ("Portfolios") to serve as an investment vehicle under certain
variable annuity and/or variable life insurance contracts ("Variable Contracts")
offered by the Company, which Portfolios may be one of several investment
options available under the Variable Contracts.
NBMI recognizes that in the course of soliciting applications for its Variable
Contracts and in servicing owners of the Variable Contracts, the Company and its
agents that are registered representatives of broker-dealers provide information
about the Trust and its Portfolios from time to time, answer questions
concerning the Trust and its Portfolios, including questions respecting Variable
Contract owners' interests in one or more Portfolios, and provide services
respecting investments in the Portfolios.
NBMI desires that the efforts of the Company and its agents in providing written
and oral information and services regarding the Trust to current and prospective
Variable Contract owners shall continue.
Accordingly, the following represents the collective intention and understanding
of the services agreement between NBMI and the Company.
The Company and/or its affiliates agree to provide services ("Services") to
current and prospective owners of Variable Contracts including, but not limited
to: teleservicing support in connection with the Portfolios; delivery and
responding to inquires respecting Trust prospectuses, reports, notices, proxies
and proxy statements and other information respecting the Portfolios (but not
including services paid for by the Trust such as printing and mailing);
facilitation of the tabulation of Variable Contract owners' votes in the event
of a meeting of Trust shareholders; maintenance of Variable Contract records
reflecting Shares purchased and redeemed and Share balances, and the conveyance
of that information to the Trust, its
Name
November 22, 2000
Page 2
transfer agent, or NBMI as may be reasonably requested; provision of support
services including providing information about the Trust and its Portfolios and
answering questions concerning the Trust and its Portfolios, including questions
respecting Variable Contract owners' interests in one or more Portfolios;
provision and administration of Variable Contract features for the benefit of
Variable Contract owners participating in the Trust including fund transfers,
dollar cost averaging, asset allocation, portfolio rebalancing, earnings sweep,
and pre-authorized deposits and withdrawals; and provision of other services as
may be agreed upon from time to time.
In consideration of the Services, NBMI agrees to pay to the Company a service
fee at an annual rate equal to _____ (__) basis points (0.__%) of the average
daily value of the shares of the Portfolios ("Shares") held in the Separate
Accounts listed on Schedule B to the Participation Agreement. For purposes of
computing the payment to the Company under this paragraph, the average daily
value of Shares held in Separate Accounts over a monthly period shall be
computed by totaling such Separate Accounts' aggregate investment (Share net
asset value multiplied by total number of Shares held by such Separate Accounts)
on each business day during the calendar month, and dividing by the total number
of business days during such month. NBMI shall calculate the payment to the
Company under this paragraph by at the end of each calendar month and pay all
fees to the Company within thirty (30) business days after the last day of each
month. The Company shall send all payments and statements to the attention of :
.
In lieu of requesting that the Company indicate its Tax Identification Number
("TIN") on Form W-9, NBMI hereby requests that the Company furnish NBMI its TIN
and acknowledge that the number shown below in this Section 2.3 is its correct
TIN.
The Company acknowledges that the following number is its correct TIN:
Employer Identification Number: ______________________
This services agreement shall remain in full force and effect for an initial
term of one year, and shall automatically renew for successive one year periods.
The services agreement may be terminated by either the Company or NBMI upon 60
days' written notice to the other, and shall terminate automatically upon
redemption of all Shares held in Separate Accounts, upon termination of the
Participation Agreement, or upon assignment of the Participation Agreement by
either the Company or NBMI, or if required by law. Nothing in this services
agreement shall amend, modify or supersede any contractual terms, obligations or
covenants among or between any of the Company, NBMI or the Trust previously or
currently in effect, including those contractual terms, obligations or covenants
contained in the Participation Agreement.
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Name
November 22, 2000
Page 3
If this services agreement is consistent with your understanding of the matters
we discussed concerning the Company's provision of the Services, please sign
below, whereupon this letter shall constitute a binding agreement between us.
Very truly yours,
XXXXXXXXX XXXXXX
MANAGEMENT INC.
By:---------------------
Name: Xxxxx Xxxxxxx
Title: President
ACKNOWLEDGED AND AGREED TO:
[INSURANCE COMPANY]
By:--------------------
Name:
Title:
77711
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