Common use of Base Fees Clause in Contracts

Base Fees. The Trusts pay an annual base fee of seven hundred fifty thousand dollars ($750,000) Additional Per Fund Fee for all VP Funds: $10,000 per annum In addition, the following per-account fees shall apply: For these purposes, the following categories constitute an open account on the SIS system in any one month: open account with balance, open account with zero balance, open account with negative balance and closed account with activity. Closed accounts with no activity in the month are considered a closed account for billing purposes. OPEN RETAIL ACCOUNT $ 21.50 OPEN INSTITUTIONAL ACCOUNT $ 21.50 OPEN NETWORKED LEVEL III ACCOUNT $ 10.00 CLOSED ACCOUNT $ 1.00 Per phone call over the first 4,500 in a calendar quarter: $4.50 per call Billed at mutually agreed rates.