WRIMCO/IICO INSTITUTIONAL REVENUE SHARING SCHEDULE PORTFOLIO MANAGERS

EX-10.65 3 a2202075zex-10_65.htm EX-10.65

Exhibit 10.65

 

WRIMCO/IICO INSTITUTIONAL REVENUE SHARING SCHEDULE

PORTFOLIO MANAGERS

 

Portfolio Managers have the opportunity to earn revenue sharing above and beyond their salary.  To be eligible for revenue sharing, certain conditions and contingencies must be satisfied. Among other things, an individual must be employed by WRIMCO or IICO on the date of the revenue sharing payment, have performed all job responsibilities to the satisfaction of WRIMCO or IICO and have acted at all times in accordance with every company policy, agreement, regulatory authority and legal requirement.

 

As is the case with all revenue sharing, the schedule and methodology of calculation are subject to change.  Additionally, consideration will be given to macro events that are out of the control of the investment management division.

 

The company makes no representations, promises or predictions as to the amount of any revenue sharing or the likelihood of personnel to receive revenue sharing.

 

Revenue Sharing Terms for New Managed Accounts:

Explanation: Applies to new accounts

1st Year:          10% of revenues

2nd Year:         5% of revenues

Trailer:           2.5% of revenues

 

Revenue Sharing Terms for Significant Contributions into Managed Accounts:

Explanation: Applies to account contributions of at least 20% of market value or 10% of market value for accounts with frequent contribution/withdrawal activity (flow accounts).  See separate document for information on revenue sharing for flow accounts.

1st Year:          10% of revenues

2nd Year:         5% of revenues

Note:                After paying revenue sharing for two years on the contribution, the 2.5% trailer would be applied to the total revenues of the account.

 

Affiliated Accounts:

No revenue sharing paid

 

See separate document for allocation of above revenue sharing terms between members of the various portfolio management teams.

 

 

Approved by:

/s/ John E. Sundeen, Jr.

 

Date:

February 19, 2011

 

****CONFIDENTIAL**** CONFIDENTIAL**** CONFIDENTIAL**** CONFIDENTIAL****

 

1