Common use of Dedicated Systems Development Team Clause in Contracts

Dedicated Systems Development Team. The Funds shall jointly pay $275,000.00 annually for a dedicated systems development team consisting of 1.5 programmers, .5 system manager and .5 BSA. In the event that the Funds desire to discontinue this service, the Funds shall provide FDISG 60 days written notice. In the event of such termination, the Funds shall be responsible for the pro rata share of the stated annual dedicated System Development Team fee. Incremental systems resources will be billed at a rate of $100.00 per hour

Appears in 2 contracts

Sources: Transfer Agency and Services Agreement (Sierra Asset Management Portfolios), Transfer Agency and Services Agreement (Sierra Trust Funds)

Dedicated Systems Development Team. The Funds shall jointly pay $275,000.00 annually for a dedicated systems development team consisting of 1.5 programmers, .5 system manager and .5 BSA. In the event that the Funds desire to discontinue this service, the Funds shall provide FDISG 60 days written notice. In the event of such termination, the Funds shall be response responsible for the pro rata share of the stated annual dedicated System Development Team fee. Incremental systems resources will be billed at a rate of $100.00 per hour.

Appears in 1 contract

Sources: Transfer Agency and Services Agreement (Sierra Trust Funds)

Dedicated Systems Development Team. The Funds shall jointly pay $275,000.00 annually for a dedicated systems development team consisting of 1.5 programmers, .5 system manager and .5 BSA. In the event that the Funds desire to discontinue this service, the Funds shall provide FDISG 60 days written notice. In the event of such termination, the Funds shall be responsible for the pro rata share of the stated annual dedicated System Development Team fee. Incremental systems resources will be billed at a rate of $100.00 per hour.

Appears in 1 contract

Sources: Transfer Agency and Services Agreement (Sierra Prime Income Fund)