CLASS Y SHARE FEES definition
CLASS Y SHARE FEES. The first five (5) basis points* of Fees paid with respect to Class Y shares of a Fund shall be a SUB TA FEE. Any SUB TA FEES payable with respect to Class Y shares for services provided by the Company shall be paid by Transfer Agent or an affiliate out of assets received from the Fund for recordkeeping and/or administrative Services (i.e., establishment and maintenance of records related to instructions and processing instructions related to the Contracts), transmission of reports and other written materials from the Funds to Contract holders or their representatives and other related administrative services. SUB-TA FEES paid with respect to Class Y shares of a Fund are not paid pursuant to a 12b-l Plan. Any amount paid in excess of five (5) basis points* shall be an OTHER FEE. Any OTHER FEE shall be paid by HFMC out of its own resources and not as an expense to or out of the assets of the Funds and may be paid as additional compensation for supplemental recordkeeping and/or administrative services to Contract holders and/or supplemental distribution- related services. OTHER FEES paid with respect to Class Y shares of a Fund are not paid pursuant to a 12b-l Plan. -------- *In certain limited cases as approved by a Fund's Board of Directors, this may by "ten (10) basis points".