ECLIPSE FUNDS INC. AMENDMENT TO THE AMENDED AND RESTATED MANAGEMENT AGREEMENT
Exhibit
d 1 c
AMENDMENT
TO THE AMENDED AND
RESTATED
MANAGEMENT AGREEMENT
This
Amendment (the “Amendment”) to the Amended and Restated Management Agreement is
made as of the 16th day of
October, 2009, by and between Eclipse Funds Inc., a Maryland corporation (the
“Company”), and New York Life Investment Management LLC, a Delaware limited
liability company (“the “Manager”).
WHEREAS, the parties hereto have
entered into an Amended and Restated Management Agreement (the “Agreement”)
dated as of August 1, 2008;
WHEREAS,
the parties hereby wish to amend the Agreement to reflect the name change of the
All Cap Growth Fund.
NOW,
THEREFORE, the parties agree as follows:
|
|
1.
|
effective
at the close of business on October 16, 2009, Schedule A is hereby amended
by deleting it in its entirety and replacing it with the Schedule attached
hereto.
|
IN
WITNESS WHEREOF, the parties have executed this Amendment to be effective as of
the date first written above.
NEW
YORK LIFE INVESTMENT MANAGEMENT LLC
|
By:
|
/s/ Xxxxx X. Xxxxx
|
|
|
Name:
|
Xxxxx
X. Xxxxx
|
|
|
Title:
|
Executive
Vice President
|
|
|
By:
|
/s/Xxxxxxx X. Xxxxxx
|
|
| Name: | Xxxxxxx X. Xxxxxx | |
| Title: | President | |
Exhibit d
1 c Amendment to Management Agreement 10-16-09
Schedule
A
(Revised
as of the close of business on October 16, 2009)
For all
services rendered by the Manager hereunder, each Fund of the Company shall pay
the Manager and the Manager agrees to accept as full compensation for all
services rendered hereunder, an annual fee equal to the following:
|
Fund
|
Annual
Rate
|
|
MainStay
Epoch U.S. All Cap Fund
(formerly
MainStay All Cap Growth Fund)
|
0.850%
up to $500 million;
0.825%
$500 million to $1 billion; and
0.800%
in excess of $1 billion
|
|
Cash
Reserves Fund
|
0.450%
up to $500 million;
0.400%
from $500 million to $1 billion; and
0.350%
in excess of $1 billion
|
|
Conservative
Allocation Fund
|
0.000%*
|
|
Floating
Rate Fund
|
0.600%
up to $1 billion; and
0.575%
in excess of $1 billion
|
|
Growth
Allocation Fund
|
0.000%*
|
|
Growth
Equity Fund
|
0.700%
up to $500 million; and
0.675%
in excess of $500 million
|
|
Income
Manager Fund
|
0.650%
up to $1 billion; and
0.625%
in excess of $1 billion
|
|
Indexed
Bond Fund
|
0.350%
up to $1 billion; and
0.300%
in excess of $1 billion
|
|
Intermediate
Term Bond Fund
|
0.600%
up to $500 million; and
0.575%
from $500 million to $1 billion; and
0.550%
in excess of $1 billion
|
|
Moderate
Allocation Fund
|
0.000%*
|
|
Moderate
Growth Allocation Fund
|
0.000%*
|
|
S&P
500 Index Fund
|
0.250%
up to $1 billion;
0.225%
from $1 billion to $2 billion;
0.215%
from $2 billion to $3 billion; and
0.200%
in excess of $3 billion
|
|
Short
Term Bond Fund
|
0.600%
up to $500 million; and
0.575%
in excess of $500 million
|
|
130/30
Core Fund
|
1.000%
|
|
130/30
Growth Fund
|
1.000%
|
2
|
130/30
High Yield Fund
|
0.800%
|
|
130/30
International Fund
|
1.100%
|
|
Retirement
2010 Fund
|
0.100%
|
|
Retirement
2020 Fund
|
0.100%
|
|
Retirement
2030 Fund
|
0.100%
|
|
Retirement
2040 Fund
|
0.100%
|
|
Retirement
2050 Fund
|
0.100%
|
* The Manager will receive no fee from the
Fund, although the parties acknowledge that the Manager or its affiliates shall
receive compensation from other registered investment companies, including other
series of the Company, in connection with assets of the Fund that are invested
in such investment companies.
3
