AMENDMENT NO. 3 TO THE INVESTMENT MANAGEMENT AGREEMENT
Exhibit (d)(1)(v)
AMENDMENT NO. 3
TO THE
INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT NO. 3 to the Investment Management Agreement (“Amendment No. 3”), dated as of May 25, 2007, between AXA Premier VIP Trust, a Delaware statutory trust (the “Trust”), and AXA Equitable Life Insurance Company (formerly, The Equitable Life Assurance Society of the United States), a New York stock life insurance company (“AXA Equitable” or “Manager”).
The Trust and AXA Equitable agree to modify and amend the Investment Management Agreement dated as of November 30, 2001 (“Agreement”) and as amended by Amendment No. 1 dated as of July 31, 2003 and Amendment No. 2 dated as of September 1, 2004 (collectively “Amendments”), as follows:
1. Appendix A. Appendix A to the Agreement and Amendments, which sets forth the Portfolios of the Trust for which AXA Equitable is appointed as the investment manager and the fees payable to AXA Equitable with respect to each Portfolio, is hereby replaced in its entirety by Appendix A attached hereto.
Except as modified and amended hereby, the Agreement is hereby ratified and confirmed in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment No. 3 as of the date first above set forth.
| AXA PREMIER VIP TRUST | AXA EQUITABLE LIFE INSURANCE COMPANY | |||||||
| By: | /s/ Xxxxxxx X. Xxxxxxxxx |
By: | /s/ Xxxxxx X. Xxxxx | |||||
| Xxxxxxx X. Xxxxxxxxx | Xxxxxx X. Xxxxx | |||||||
| Chief Financial Officer and Treasurer | Senior Vice President | |||||||
APPENDIX A
AMENDMENT NO. 3
TO THE
INVESTMENT MANAGEMENT AGREEMENT
The Trust shall pay the Manager, at the end of each calendar month, compensation computed at an annual rate equal to the following:
| (as a percentage of average daily net assets) | |||||||||||||||
| First $1 Billion |
Next $1 Billion |
Next $3 Billion |
Next $5 Billion |
Thereafter | |||||||||||
| Multimanager Aggressive Equity Portfolio |
0.650 | % | 0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | |||||
| Multimanager Large Cap Core Equity Portfolio |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | |||||
| Multimanager Large Cap Growth Portfolio |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | |||||
| Multimanager Large Cap Value Portfolio |
0.900 | % | 0.850 | % | 0.825 | % | 0.800 | % | 0.775 | % | |||||
| Multimanager Mid Cap Growth Portfolio |
1.100 | % | 1.050 | % | 1.025 | % | 1.000 | % | 0.975 | % | |||||
| Multimanager Mid Cap Value Portfolio |
1.100 | % | 1.050 | % | 1.025 | % | 1.000 | % | 0.975 | % | |||||
| Multimanager International Equity Portfolio |
1.050 | % | 1.000 | % | 0.975 | % | 0.950 | % | 0.925 | % | |||||
| Multimanager Technology Portfolio |
1.200 | % | 1.150 | % | 1.125 | % | 1.100 | % | 1.075 | % | |||||
| Multimanager Health Care Portfolio |
1.200 | % | 1.150 | % | 1.125 | % | 1.100 | % | 1.075 | % | |||||
| Multimanager Small Cap Growth Portfolio |
1.05 | % | 1.00 | % | 0.975 | % | 0.950 | % | 0.925 | % | |||||
| Multimanager Small Cap Value Portfolio |
1.05 | % | 1.00 | % | 0.975 | % | 0.950 | % | 0.925 | % | |||||
| First $1.5 Billion |
Next $1 Billion |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||
| Multimanager Core Bond Portfolio |
0.600 | % | 0.575 | % | 0.550 | % | 0.525 | % | 0.500 | % | |||||
| First $750 Million |
Next $750 Million |
Next $1 Billion |
Next $2.5 Billion |
Thereafter | |||||||||||
| Multimanager High Yield Portfolio |
0.600 | % | 0.575 | % | 0.550 | % | 0.530 | % | 0.520 | % | |||||
