Agmt04 Separation incentive SIP - Laserfiche WebLink

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4 Shareholder Servicina Fees: The Bank provides certain shareholder support services to the Funds and fees for shareholder servicing vary from time to time, but may be up to twenty-five one-hundredths of one percent (.25%) of the average daily net assets of a Fund. Sub-Administrator Services: HCM provides certain sub-administration services to SEI, the administrator of the Funds. Fees payable under this arrangement are paid to HCM by SEI and are not paid by the Funds and so do not affect the Funds' respective net asset values. But, because SEI receives fees for the administrative services performed for the Funds, the Funds may be considered to pay these fees indirectly. HCM is entitled to receive fees for services actually performed at an annual rate of up to ten one-hundredths of one percent (.10%) of each Fund's average net assets, plus out-of-pocket expenses. Other Services: HCM and the Bank reserve the right to direct that certain brokerage transactions be performed through their affiliates. Such transactions would be subject to "best execution" requirements, entered into solely pursuant to the provisions of applicable law and regulation, and only after approval by the Board of Trustees of the Funds. In the event of such transactions, the affiliates would be paid brokerage fees by the Funds. Bank or its affiliates may receive soft dollar compensation from brokers consistent with section 28(e) of the Securities Exchange Act of 1934. Mutual funds may also direct trades through Bank's affiliated broker. CONSENT AND ACKNOWLEDGMENT TO USE PROPRIETARY MUTUAL FUNDS Investment in the HighMark Funds family of mutual funds may be beneficial because it gives portability to participants whose plans provide for in-kind distributions or rollovers; results in the diversification of the participant's plan asset investments, thereby potentially lowering overall investment risk; allows participants to benefit from professional management of the mutual funds' investments by HCM; and provides to participants the ability to select among a family of related funds and quickly and inexpensively move between funds in response to market shifts or changes in investment objectives. Applicable fiduciary law and regulation require full disclosure of relevant fee information so that the client or an independent fiduciary acting on the client's behalf may monitor the reasonableness of the total fees being received by the Bank for its services to the account. Please sign below indicating you have read this Disclosure and consent to the use of the above- referenced Funds and to the Bank's receipt of the above fees. I hereby acknowledge receipt of the prospectuses of the HighMark Funds. I acknowledge that I have been offered a copy of Prohibited Transaction Exemption 94-86, the exemption upon which the Bank relies when investing assets of the account in proprietary mutual funds. I hereby authorize the investment of plan assets in any portfolio of the HighMark Funds in the Bank's discretion in accordance with the investment policies of the plan. I also approve the receipt of fees by the Bank in accordance with the information set forth above, in the Fund prospectuses, and in my account fee schedule. CLIENT COMPANY I PLAN I TRUST FUND NAME: Citv of Redwood Citv PARS Seoaration Incentive Plan \ ¡I') ,/'\ ~ '-.' i//) 1-.';:'. 1,"; :.-..,,/----: I.., ~". /, Authorized Signer (Print Name) l\.\..\...\..\,c: \ u1:-\U- L .', ,- Title ,,- 1(,,:. /ì (7\ '/-.11'---. ; , 1 .'-, . -----) I / I I ! \... ' /' " ,¿-I) I,' /, I ,'------' ¿f - '\ -, "' y Signature of AuthorizecfSignØr I' !' /1/ ( / . ,1'-; ,II ~J .: ./ /. '-- Date.--t)'.(.; ,- - . Paae 2 --, _.