Exhibit 6(b)
FORM OF
SUPPLEMENT TO DISTRIBUTION AGREEMENT
OF
XXXXXX XXXXXXX INSTITUTIONAL FUND, INC.
(CLASS B SHARES)
Supplement dated as of _____________, 1995 (the "Supplement") to
Distribution Agreement dated as of October 1, 1988 (the "Agreement") among
Xxxxxx Xxxxxxx Institutional Fund, Inc., a Maryland corporation (the "Fund"),
and Xxxxxx Xxxxxxx & Co. Incorporated, a Delaware corporation (the
"Distributor").
RECITALS
The Fund has executed and delivered a Distribution Agreement, dated as
of October 1, 1988, between the Fund and the Distributor. The Agreement
appoints the Distributor in connection with the offering and sale of the shares
of common stock, par value $0.001, of the Fund and sets forth the rights and
obligations of the parties with respect to the distribution of the shares.
AGREEMENTS
NOW, therefore, the parties agree that the rights and obligations set
forth in the Distribution Agreement shall be applicable to the Class B Shares of
the Fund and that with respect to such shares, the Agreement is amended and
supplemented by the following:
COMPENSATION
For the services to be rendered and the expenses
assumed by the Distributor with respect to the Class B
Shares, the Fund shall pay to the Distributor, compensation
at the annual rate of .25% of the average daily net assets
of the Class B Shares. Except as hereinafter set forth,
continuing compensation under this Agreement shall be
calculated and accrued daily and the amounts of the daily
accruals shall be paid monthly in arrears within ten days
after the end of the month. If this Agreement becomes
effective subsequent to the first day of a month or shall
terminate before the last day of a month, compensation for
that part of the month this Agreement is in effect shall be
prorated in a manner consistent with the calculations of the
fees as set forth above. Payment of the Distributor's
compensation for the preceding month shall be made as
promptly as possible, but in no event later than ten days
after the end of the month.
This Supplement may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument.
The parties listed below have executed this Supplement as of ___________, 1995.
XXXXXX XXXXXXX & CO.
INCORPORATED
By:
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Name:
Title:
XXXXXX XXXXXXX INSTITUTIONAL
FUND, INC.
By:
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Name:
Title: