COMPENSATION TO INVESTORS. As compensation for all of its services provided and its costs assumed under this contract, Investors shall receive the following forms of and amounts of compensation: (a) Investors shall be entitled to receive and retain the front-end sales charge (if any) imposed in connection with sales of each Class, as set forth in the applicable Class's current Prospectus. Up to the entire amount of the front-end sales charge (if any) with respect to each applicable Class may be reallowed by Investors to broker-dealers and participating financial institutions in connection with their sale of Fund shares. The amount of the front-end sales charge (if any) may be retained or deducted by Investors from any sums received by it in payment for shares so sold. If such amount is not deducted by Investors from such payments, such amount shall be paid to Investors by the Fund not later than five business days after the close of any month during which any such sales were made by Investors and payment therefor received by the Fund. (b) Investors shall be entitled to receive any contingent deferred sales charge imposed in connection with any redemption of applicable Class shares, as set forth in each applicable Class's current Prospectus. (c) Investors shall be entitled to receive the following 12b-1 fees, payable under the Plan of Distribution adopted by each Class in accordance with Rule 12b-1 under the Investment Company Act of 1940 (the "Plan"):
Appears in 2 contracts
Samples: Underwriting and Distribution Agreement (Fortis Equity Portfolios Inc), Underwriting and Distribution Agreement (Fortis Equity Portfolios Inc)
COMPENSATION TO INVESTORS. As compensation for all of its services provided and its costs assumed under this contract, . Investors shall receive the following forms of and amounts of compensation:
(a) Investors shall be entitled to receive and retain the front-end sales charge (if any) imposed in connection with sales of each Class, as set forth in the applicable Class's current Prospectus. Up to the entire amount of the front-end sales charge (if any) with respect to each applicable Class may be reallowed by Investors to broker-dealers and participating financial institutions in connection with their sale of Fund shares. The amount of the front-end sales charge (if any) may be retained or deducted by Investors from any sums received by it in payment for shares so sold. If such amount is not deducted by Investors from such payments, such amount shall be paid to Investors by the Fund not later than five business days after the close of any month during which any such sales were made by Investors and payment therefor received by the Fund.
(b) Investors shall be entitled to receive any contingent deferred sales charge imposed in connection with any redemption of applicable Class shares, as set forth in each applicable Class's current Prospectus.
(c) Investors shall be entitled to receive the following 12b-1 fees, payable under the Plan of Distribution adopted by each Class (EXCEPT Class E) in accordance with Rule 12b-1 under the Investment Company Act of 1940 (the "Plan"):
Appears in 1 contract
Samples: Underwriting and Distribution Agreement (Fortis Income Portfolios Inc)
COMPENSATION TO INVESTORS. As compensation for all of its services provided and its costs assumed under this contract, Investors shall receive the following forms of and amounts of compensation:
(a) Investors shall be entitled to receive and retain the front-end sales charge (if any) imposed in connection with sales of each Class, as set forth in the applicable Class's current Prospectus. Up to the entire amount of the front-end sales charge (if any) with respect to each applicable Class may be reallowed by Investors to broker-dealers and participating financial institutions in connection with their sale of Fund shares. The amount of the front-end sales charge (if any) may be retained or deducted by Investors from any sums received by it in payment for shares so sold. If such amount is not deducted by Investors from such payments, such amount shall be paid to Investors by the Fund not later than five business days after the close of any month during which any such sales were made by Investors and payment therefor received by the Fund.
(b) Investors shall be entitled to receive any contingent deferred sales charge imposed in connection with any redemption of applicable Class shares, as set forth in each applicable Class's current Prospectus.
(c) Investors shall be entitled to receive the following 12b-1 l2b-1 fees, payable under the Plan of Distribution adopted by each Class in accordance with Rule 12b-1 under the Investment Company Act of 1940 (the "Plan"):
Appears in 1 contract
Samples: Underwriting and Distribution Agreement (Fortis Advantage Portfolios Inc)