Common use of Compensation and Allocation of Expenses Clause in Contracts

Compensation and Allocation of Expenses. (a) The Fund has no load or redemption charge and the Distributor will receive no compensation for acting in such capacity. (b) The Fund or one of its affiliates or designees will pay for all expenses of the offering of its shares incurred in connection with: (1) The registration of the Fund or the registration or qualification of the Fund's shares for offer or sale under the federal securities laws and the securities laws of any state or other jurisdiction in which the Distributor may arrange for the sale of the Fund's shares; and (2) The printing and distribution of the Fund's prospectuses to existing Participants as may be required under the federal securities laws and the applicable securities laws of any state or other jurisdiction; and (3) The preparation, printing and distribution of any proxy statements, notices and reports, and the performance of any acts required to be performed by the Fund by and under the federal securities laws and the applicable securities laws of any state or other jurisdiction; and (4) The issuance of the Fund's shares, including any share issue and transfer taxes. (c) The Distributor or one of its affiliates or designees will pay all expenses incurred by it attributable to any activity primarily intended to result in the sale of shares of the Fund and in connection with the performance of distribution duties hereunder, or will promptly reimburse the Fund for all expenses in connection with: (1) The printing and distribution of the Fund's prospectuses utilized in the marketing of the Portfolios to eligible Purchasers; (2) The preparation, printing and distribution of advertising and sales literature for use in the offering of the Fund's shares and printing and distribution of reports to Purchasers and/or Participants used as sales literature; (3) The qualification of the Distributor as a distributor or broker or dealer under any applicable federal or state securities laws; (4) Any investment program of the Fund, including the reinvestment of dividends and capital gains distributions, to the extent such expenses exceed the Fund's normal costs of issuing its shares; and (5) All other expenses in connection with offering for sale and sale of the Fund's shares which have not been herein specifically allocated to the Fund.

Compensation and Allocation of Expenses. (a) The Fund has no load or redemption charge and the Distributor will receive no compensation for acting in such capacity. (b) The Fund or one of its affiliates or designees will pay for all expenses of the offering of its shares incurred in connection with: (1) The registration of the Fund or the registration or qualification of the Fund's ’s shares for offer or sale under the federal securities laws and the securities laws of any state or other jurisdiction in which the Distributor may arrange for the sale of the Fund's ’s shares; and (2) The printing and distribution of the Fund's ’s prospectuses to existing Participants as may be required under the federal securities laws and the applicable securities laws of any state or other jurisdiction; and (3) The preparation, printing and distribution of any proxy statements, notices and reports, and the performance of any acts required to be performed by the Fund by and under the federal securities laws and the applicable securities laws of any state or other jurisdiction; and (4) The issuance of the Fund's ’s shares, including any share issue and transfer taxes. (c) The Distributor or one of its affiliates or designees will pay all expenses incurred by it attributable to any activity primarily intended to result in the sale of shares of the Fund and in connection with the performance of distribution duties hereunder, or will promptly reimburse the Fund for all expenses in connection with: (1) The printing and distribution of the Fund's ’s prospectuses utilized in the marketing of the Portfolios to eligible Purchasers; (2) The preparation, printing and distribution of advertising and sales literature for use in the offering of the Fund's ’s shares and printing and distribution of reports to Purchasers and/or Participants used as sales literature; (3) The qualification of the Distributor as a distributor or broker or dealer under any applicable federal or state securities laws; (4) Any investment program of the Fund, including the reinvestment of dividends and capital gains distributions, to the extent such expenses exceed the Fund's ’s normal costs of issuing its shares; and (5) All other expenses in connection with offering for sale and sale of the Fund's ’s shares which have not been herein specifically allocated to the Fund.