Asset-Based Sales Compensation. Pursuant to a distribution plan adopted by the Funds’ board of trustees for certain classes of Shares pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), MFD is authorized to pay Dealer distribution fees it receives from the Funds at the rates shown in Schedule D hereto (“Distribution Fees”) or to direct the Funds to make such payments directly to Dealer. Subject to Subsection 3.2.4 below, for all periods during which Dealer (a) meets the qualification requirements in Subsection 3.2.1 below, and (b) performs the distribution services listed in Subsection 3.2.3 below, MFD shall pay or otherwise arrange for Dealer to be paid the Distribution Fees shown in Schedule D based on the Shares for which it is the dealer of record (excluding Shares held by Dealer’s own retirement plans).
Appears in 6 contracts
Samples: Mutual Fund Dealer Selling and Servicing Agreement (Madison Funds), Mutual Fund Dealer Selling and Servicing Agreement (Madison Funds), Mutual Fund Dealer Selling and Servicing Agreement (Madison Funds)
