Compensation for Sales of Fund Shares. a. In consideration of your making Class F-1 shares of the Funds available through the Program, we will pay you compensation from the Funds’ 12b-1 Plans on a quarterly basis at the annual rate of 0.25% of the average daily net asset value of Class F-1 shares of Funds listed on Schedule A that are held in an account assigned to you. The payment of this compensation is subject to the limitations contained in each Fund’s Plan of Distribution and may be varied or discontinued at any time. No compensation shall be paid under this Agreement on Class F-2 shares of the Funds.
Appears in 24 contracts
Samples: Principal Underwriting Agreement (Bond Fund of America), Principal Underwriting Agreement (American Mutual Fund), Principal Underwriting Agreement (American Funds Global Balanced Fund)
