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Exhibit (h)(1)
ING PILGRIM SECURITIES, INC. Return to:
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000-0000
(000) 000-0000 or (000) 000-0000
SERVICE AGREEMENT
Broker/Dealer:
This Service Agreement is entered into with respect to the ING Group of Funds
(each a "Fund" and, collectively, the "Funds"), as identified on Schedule "A"
attached hereto.
1. To the extent you provide services and assistance to your customers who own
Fund shares, including, but not limited to, answering routine inquiries
regarding the Fund, assisting in changing dividend options, account designations
and addresses, we shall pay you a service fee prorated and paid quarterly after
the required period of investment based, as reflected on Schedule A, on the
average net asset value of shares of the Fund which are attributable to
customers of your firm.
2. In no event may the aggregate annual service fee to you exceed 25% of the
average daily net asset value of the net assets of the Fund held in your
customers' accounts which are eligible for payment pursuant to this Agreement.
3. You shall furnish us and the Fund with information as shall reasonably be
requested by the Fund's Board of Directors with respect to the service fees paid
to you pursuant to the Schedule.
4. This Agreement will terminate automatically by any act that terminates the
Funds' Service and Distribution Plans, and will terminate automatically in the
event of the assignment of this Agreement.
5. The provisions of the Underwriting Agreement between the Fund and us,
insofar as they relate to the Funds' Service and Distribution Plans, as
incorporated herein by reference.
This Agreement shall take effect on the _______ day of ______________, 2000, and
the terms and provisions thereof are hereby accepted and agreed to by us and
evidenced by our executions hereof.
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Dealer's Acceptance ING Pilgrim Securities, Inc.
______________________________________ By____________________________
Firm Name
By___________________________________
Authorized Officer Signature
BY___________________________________
Authorized Officer Name & Title-Please
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