Common use of Compensation of the Distributor Clause in Contracts

Compensation of the Distributor. (a) As promptly as possible after the first business day of each month this Distribution Agreement is in effect, each Fund shall pay to the Distributor for its distribution and services expenditures and activities hereunder made or performed during the previous month at the annual rate of .25% of the average daily net assets of the Fund which are related to the Distributor’s activities hereunder; provided that payment shall be made in any month only to the extent that such payment, together with any other payments made by the Fund pursuant to its Plan (as defined herein) to the Distributor or others, shall not exceed an annual rate of .25% of the average daily net assets of the Fund for that month. The payments by the Fund made pursuant to this Agreement to the Distributor are authorized pursuant to the plan adopted by the Board of Directors of the Company on behalf of each Fund under Rule 12b-1 under the 1940 Act (the “Plan”).

Compensation of the Distributor. (a) As promptly as possible after the first business day of each month this Distribution Agreement is in effect, each the Fund shall pay to the Distributor for its distribution and services expenditures and activities hereunder made or performed during the previous month at the annual rate of .25% of the average daily net assets of the Fund which are related to the Distributor’s 's activities hereunder; provided that payment shall be made in any month only to the extent that such payment, together with any other payments made by the Fund pursuant to its Plan (as defined herein) to the Distributor or others, shall not exceed an annual rate of .25% of the average daily net assets of the Fund for that month. The payments by the Fund made pursuant to this Agreement to the Distributor are authorized pursuant to the plan adopted by the Board of Directors of the Company on behalf of each Fund under Rule 12b-1 under the 1940 Act (the “"Plan”").

Compensation of the Distributor. (a) As promptly as possible after the first business day of each month this Distribution Agreement is in effect, each Fund shall pay to the Distributor for its distribution and services expenditures and activities hereunder made or performed during the previous month at the annual rate of .25% of the average daily net assets of the Fund which are related to the Distributor’s activities hereunder; provided that payment shall be made in any month only to the extent that such payment, together with any other payments made by the Fund pursuant to its Plan (as defined herein) to the Distributor or others, shall not exceed an annual rate of .25% of the average daily net assets of the Fund for that month. The payments by the Fund made pursuant to this Agreement to the Distributor are area authorized pursuant to the plan adopted by the Board of Directors of the Company on behalf of each Fund under Rule 12b-1 under the 1940 Act (the “Plan”).

Compensation of the Distributor. (a) As promptly as possible after the first business day of each month this Distribution Agreement is in effect, each Fund shall pay to the Distributor for its distribution and services expenditures and activities hereunder made or performed during the previous month at the annual rate of .25% of the average daily net assets of the Fund which are related to the Distributor’s 's activities hereunder; provided that payment shall be made in any month only to the extent that such payment, together with any other payments made by the Fund pursuant to its Plan (as defined herein) to the Distributor or others, shall not exceed an annual rate of .25% of the average daily net assets of the Fund for that month. The payments by the Fund made pursuant to this Agreement to the Distributor are authorized pursuant to the plan adopted by the Board of Directors of the Company on behalf of each Fund under Rule 12b-1 under the 1940 Act (the “"Plan”").