Exhibit (h)(15) December 11, 2009 Janus Aspen Series 151 Detroit Street Denver, Colorado 80206 Ladies and Gentlemen: As you know, Section 5 of our Investment Advisory Agreement dated May 1, 2009, as amended, provides for compensation payable to Janus...Investment Advisory Agreement • April 30th, 2010 • Janus Aspen Series
This waiver/reimbursement paid by JCM to the Fund or any fee reduction by JCM pursuant to this letter, for a three year period commencing with operations of the Fund, JCM shall be permitted to recoup such reimbursement or fee reduction from the Fund, provided that at no time during the term of this letter shall the expenses allocated to the Fund, with the exceptions noted above, exceed 0.45% of average daily net assets. This provision survives the term of this letter.
