Common use of Compensation and Allocation of Expenses Clause in Contracts

Compensation and Allocation of Expenses. (a) Pursuant to the Fund's retail class Plan of Distribution adopted by the Portfolios in accordance with Rule 12b-1 under the 1940 Act (the "Plan"), the retail class of each Portfolio will pay the Distributor a total fee in connection with the servicing of shareholder accounts of such class and in connection with distribution-related services provided in respect of such class, calculated and payable monthly, at the annual rate of .25% of the value of the average daily net assets of such class. All or any portion of such total fee may be payable as Shareholder Servicing Fee as described in the Plan, and all or any portion of such total fee may be payable as a Distribution Fee as described in the Plan, as determined from time to time by the Fund's Board of Directors. Until further action by the Board of Directors, all of such fee shall be designated and payable as a Shareholder Servicing Fee. Amounts payable to the Distributor under the Plan may exceed or be less than the Distributor's actual Distribution Expenses and Shareholder Servicing Costs as described in (b) below. In the event such Distribution Expenses and Shareholder Servicing Costs exceed amounts payable to the Distributor under the Plan, the Distributor shall not be entitled to reimbursement by the Fund.

Compensation and Allocation of Expenses. (a) Pursuant to the Fund's retail shareholder service class Plan of Distribution adopted by the Portfolios in accordance with Rule 12b-1 under the 1940 Act (the "Plan"), the retail shareholder service class of each Portfolio will pay the Distributor a total fee in connection with the servicing of shareholder accounts of such class and in connection with distribution-related services provided in respect of such class, calculated and payable monthly, at the annual rate of .250.25% of the value of the average daily net assets of such class. All or any portion of such total fee may be payable as a Shareholder Servicing Fee as described in the Plan, and all or any portion of such total fee may be payable as a Distribution Fee as described in the Plan, as determined from time to time by the Fund's Board of Directors. Until further action by the Board of Directors, all of such fee shall be designated and payable as a Shareholder Servicing Fee. Amounts payable to the Distributor under the Plan may exceed or be less than the Distributor's actual Distribution Expenses and Shareholder Servicing Costs as described in (b) below. In the event such Distribution Expenses and Shareholder Servicing Costs exceed amounts payable to the Distributor under the Plan, the Distributor shall not be entitled to reimbursement by the Fund.