EX-99.D.4.GG.I 6 d322597dex99d4ggi.htm AMENDMENT TO SUB-ADVISORY AGREEMENT (PACIFIC INVESTMENT) Amendment to Sub-Advisory Agreement (Pacific Investment)

EX-28(d)(4)(gg)(i)

AMENDMENT TO THE SUB-ADVISORY AGREEMENT

This Amendment to the Sub-Advisory Agreement (the “Amendment”) is entered into and effective this 20th day of September, 2021 by and between Lincoln Investment Advisors Corporation, a Tennessee corporation (the “Adviser”) and Pacific Investment Management Company LLC, a Delaware limited liability company (the “Sub-Adviser”).

WHEREAS, the Adviser and the Sub-Adviser (individually, a “Party” and collectively, the “Parties”), entered into a Sub-Advisory Agreement, effective as of April 30, 2014, as amended November 1, 2016, (the “Agreement”), wherein the Adviser appointed the Sub-Adviser, and the Sub-Adviser accepted the appointment, to provide investment management services with respect to one or more of the Funds as specified on Schedule A; and

WHEREAS, the Parties intend to amend certain provisions of the Agreement as well as Schedule A, as set out in this Amendment;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the Parties hereby agree to amend the Agreement as follows:

1.    Revisions to the Agreement

1.1    Section 12 - NOTICES. Section 12 of the Agreement is hereby deleted in its entirety and replaced with the following:

“12.    NOTICES.

Any notice that is required to be given by the Parties to each other under the terms of this Agreement shall be given in writing, delivered, or mailed to the other Party, or transmitted by facsimile to the Parties at the following addresses or facsimile numbers, which may from time to time be changed by the Parties by notice to the other Party:

If to the Sub-Adviser:

Pacific Investment Management Company LLC

650 Newport Center Drive

Newport Beach, CA 92660

Facsimile: 949-720-1376

Attention: General Counsel

E-mail: IMANotices@pimco.com

cc: Tom Nguyen, Account Manager

email: tom.nguyen@pimco.com

If to the Adviser:

Lincoln Investment Advisors Corporation

Chief Counsel – Funds Management

150 N. Radnor Chester Road

Radnor, PA 19341

Email: Ronald.Holinsky@lfg.com

 

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2.    Revisions to the Schedules to the Agreement:

 

  2.1

Schedule A, Fee Schedule. Schedule A of the Agreement is hereby deleted in its entirety and replaced with Schedule A to this Amendment.

 

  3.

Full Force and Effect. Except as modified by this Amendment, the terms and conditions of the Agreement remain unchanged and in full force and effect. Commencing as of the Effective Date, all references to the term “Agreement” shall mean the Agreement as amended hereby.

IN WITNESS WHEREOF, the Parties have caused this instrument to be signed by their duly authorized representatives, all as of the Effective Date.

 

LINCOLN INVESTMENT ADVISORS CORPORATION
By:   /s/Harold Singleton III
Name: Harold Singleton III
Title: Vice President

 

PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
By:   /s/Robert O. Young
Name: Robert Young
Title: Managing Director

 

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SCHEDULE A

Fee Schedule

The Adviser shall pay to the Sub-Adviser compensation for services rendered to the Managed Portion at an annual rate as follows and as set forth in Section 3 of the Agreement, as amended from time to time:

 

Fund   

Fees payable on the assets of the

 

Managed Portion

   Effective Date
     

LVIP PIMCO Low Duration Bond Fund

   [REDACTED]    October 1, 2021

If the Sub-Adviser shall serve for less than the whole of a month, the foregoing compensation shall be prorated except that in the event services are terminated in the first three months, the Managed Portion shall be liable for the first three months’ fees.

The Managed Portion is comprised of all funds and assets, including cash, cash accruals, additions, substitutions and alterations which are subject to advice by the Sub-Adviser.

This fee schedule is based on the specific investment strategy of the Managed Portion. Any deviation from the investment strategy for the Managed Portion described in the Investment Guidelines, may result in a change in the foregoing fees.

 

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