Common use of Adviser Compensation Clause in Contracts

Adviser Compensation. The Adviser’s fee for non-discretionary investment advisory and management services provided under this Agreement shall be based on the value of the Account according to the following schedule: Account Balance Portion: Annual Retainer % Cumulative Effective Rate at Range Midpoint up to $100,000 1.00% 1.00% From $100,001 to $250,000 .90% .96% From $250,001 to $500,000 .80% .89% From $500,001 to $1,000,000 .70% .81% From $1,000,001 to $2,500,000 .60% .71% From $2,500,001 to $5,000,000 .50% .62% From $5,000,001 and over .25% .42% at $10m The Account balance shall include those Adviser managed assets held at any custodian (including assets allocated to discretionary third party advisers and or sub-advisers). Fees will be calculated and due quarterly based on the Account value as of the last business day of the quarter. Account value will include accrued interest and dividends, and the value for fee calculation purposes may differ from the market value reported by the custodian. Partial quarters will be prorated. Payments not received within thirty days from billing will incur a finance charge equal to eighteen (18%) percent per year. Fees may be payable directly from Client, or may be debited from the Account upon written authorization from Client. No portion of Adviser Compensation shall be based on capital gains or capital appreciation of the Account except as provided for by applicable securities laws.