Exhibit (h)(19)
NORTHERN FUNDS
ADDENDUM NO. 18 TO THE TRANSFER AGENCY AGREEMENT
This Addendum dated as of the 17th day of February, 2006, is entered
into between NORTHERN FUNDS (the "Trust"), a Delaware statutory trust, and THE
NORTHERN TRUST COMPANY, an Illinois state bank (the "Transfer Agent").
WHEREAS, The Trust and the Transfer Agent have entered into a Transfer
Agency Agreement dated as of April 1, 1994 as amended by Addendum No. 1 dated
November 29, 1994, by Addendum No. 2 dated March 29, 1996, by Addendum No. 3
dated August 7, 1996, by Addendum No. 4 dated March 24, 1997, by Addendum No. 5
dated February 12, 1997, by Addendum No. 6 dated November 18, 1997, by Addendum
No. 7 dated December 21, 1998, by Addendum No. 8 dated September 15, 1999, by
Addendum No. 9 dated December 28, 1999, by Xxxxxxxx Xx. 00 dated February 8,
2000, by Xxxxxxxx Xx. 00 dated July 31, 2000, by Xxxxxxxx Xx. 00 dated August 1,
2000, by Xxxxxxxx Xx. 00 dated August 1, 2000, by Xxxxxxxx Xx. 00 dated May 17,
2001, by Xxxxxxxx Xx. 00 dated October 30, 2001, by Xxxxxxxx Xx. 00 dated
February 14, 2005, and by Xxxxxxxx Xx. 00 dated December 5, 2005 (the "Transfer
Agency Agreement") pursuant to which the Trust has appointed the Transfer Agent
to act as transfer agent to the Trust for the Money Market Fund, U.S. Government
Money Market Fund, Municipal Money Market Fund, U.S. Government Select Money
Market Fund, California Municipal Money Market Fund, U.S. Government Fund, Fixed
Income Fund, Intermediate Tax-Exempt Fund, Tax-Exempt Fund, Income Equity Fund,
Growth Equity Fund, Select Equity Fund, Small Cap Value Fund (formerly known as
the Small Cap Fund), Technology Fund, Stock Index Fund, Florida Intermediate
Tax-Exempt Fund, Short-Intermediate U.S. Government Fund, California
Intermediate Tax-Exempt Fund, Arizona Tax-Exempt Fund, California Tax-Exempt
Fund, Small Cap Index Fund, Mid Cap Growth Fund, High Yield Municipal Fund, High
Yield Fixed Income Fund, Tax-Exempt Money Market Fund, Small Cap Growth Fund,
Large Cap Value Fund, International Growth Equity Fund, Growth Opportunities
Fund, Value Fund, International Equity Index Fund, Mid Cap Index Fund, and
Enhanced Large Cap Fund; and
WHEREAS, the Trust and the Transfer Agent wish to clarify the terms and
conditions of the Transfer Agency Agreement with respect to temporary cash
balances held by the Transfer Agent ("Cash Balances") in connection with
subscription, redemption and related transactions in shares of the Funds listed
above and any other investment fund now or hereafter maintained by the Trust
(the "Funds").
NOW THEREFORE, the parties hereto, intending to be legally bound,
hereby agree as follows:
During the term of this Agreement, the Transfer Agent and its
affiliates will continue to pay or otherwise bear all expenses related to
maintenance of any account(s) maintained with respect to Cash Balances held by
the Transfer Agent. The Transfer Agent and its affiliates will not be required
to make any payment to the Trust with respect to the income or other benefits
received by them on the Cash Balances, if any. Such income or benefits will be
reported periodically to the Board of Trustees of the Trust.
Except to the extent supplemented hereby, the Transfer Agency Agreement
shall remain unchanged and in full force and effect, and is hereby ratified and
confirmed in all respect as supplemented hereby.
IN WITNESS WHEREOF, the undersigned have executed this Addendum as of
the date and year first above written.
All signatures need not appear on the same copy of this addendum.
NORTHERN FUNDS
Attest: /s/ Xxxxxx Xxxxxxxxx By: /s/ Xxxxx X. Xxxxxxxx
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Title: President
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THE NORTHERN TRUST COMPANY
Attest: /s/ Xxxxxx Xxxxxxxxx By: /s/ Xxxx Xxxxxxxxxx
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Title: Senior Vice President
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