COMPENSATION TO THE UNDERWRITER. Pursuant to the Fund's Plan of Distribution adopted in accordance with Rule 12b-1 under the 1940 Act (the "Plan"), the Fund shall pay the Underwriter a total fee each month equal to 0.25% per annum of the average daily net assets represented by shares of the Portfolios (and any Class thereof) of the Fund covered by the Plan to cover the costs of "distribution-related activities" and other "non-distribution services" as described in the Plan ("Distribution Expenses"). As of the date of this Agreement, only the following Portfolios (and Classes thereof) of the Fund are covered by the Plan: - Bond Portfolio, Class 2 only - Index 400 Mid-Cap Portfolio, Class 2 only - Index 500 Portfolio, Class 2 only - International Bond Portfolio, Class 2 only - Money Market Portfolio - Mortgage Securities Portfolio, Class 2 only - Real Estate Securities Portfolio, Class 2 only Average daily net assets shall be computed in accordance with the Fund's currently effective Prospectus. Amounts payable to the Underwriter under the Plan may exceed or be less than the Underwriter's actual Distribution Expenses. In the event such Distribution Expenses exceed amounts payable to the Underwriter under the Plans, the Underwriter shall not be entitled to reimbursement by the Fund. In each year during which this Agreement remains in effect, the Underwriter will prepare and furnish to the Board of Directors of the Fund, and the Board will review, on a quarterly basis, written reports complying with the requirements of Rule 12b-1 under the 1940 Act that set forth the amounts expended under this Agreement and the Plan and the purposes for which those expenditures were made.
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Samples: Underwriting and Distribution Agreement (Advantus Series Fund Inc), Underwriting and Distribution Agreement (Advantus Series Fund Inc)
COMPENSATION TO THE UNDERWRITER. Pursuant to the Fund's ’s Plan of Distribution adopted in accordance with Rule 12b-1 under the 1940 Act (the "“Plan"”), the Fund shall pay the Underwriter a total fee each month equal to 0.25% per annum of the average daily net assets represented by shares of the Portfolios (and any Class thereof) of the Fund covered by the Plan to cover the costs of "“distribution-related activities" ” and other "“non-distribution services" ” as described in the Plan ("“Distribution Expenses"”). As of the date of this Agreement, only the following Portfolios (and Classes thereof) of the Fund are covered by the Plan: - • Bond Portfolio, Class 2 only - • Index 400 Mid-Cap Portfolio, Class 2 only - • Index 500 Portfolio, Class 2 only - • International Bond Portfolio, Class 2 only - • Money Market Portfolio - • Mortgage Securities Portfolio, Class 2 only - • Real Estate Securities Portfolio, Class 2 only Average daily net assets shall be computed in accordance with the Fund's ’s currently effective Prospectus. Amounts payable to the Underwriter under the Plan may exceed or be less than the Underwriter's ’s actual Distribution Expenses. In the event such Distribution Expenses exceed amounts payable to the Underwriter under the Plans, the Underwriter shall not be entitled to reimbursement by the Fund. In each year during which this Agreement remains in effect, the Underwriter will prepare and furnish to the Board of Directors of the Fund, and the Board will review, on a quarterly basis, written reports complying with the requirements of Rule 12b-1 under the 1940 Act that set forth the amounts expended under this Agreement and the Plan and the purposes for which those expenditures were made.
Appears in 1 contract
Samples: Underwriting and Distribution Agreement (Advantus Series Fund Inc)
COMPENSATION TO THE UNDERWRITER. Pursuant to the Fund's Trust’s Plan of Distribution adopted in accordance with Rule 12b-1 under the 1940 Act (the "“Plan"”), the Fund Trust shall pay the Underwriter a total fee each month equal to 0.25% per annum of the average daily net assets represented by shares of the Portfolios Funds (and any Class thereof) of the Fund Trust covered by the Plan to cover the costs of "“distribution-related activities" ” and other "“non-distribution services" ” as described in the Plan ("“Distribution Expenses"”). As of the date of this Agreement, only the following Portfolios Funds (and Classes thereof) of the Fund Trust are covered by the Plan: - • Advantus Bond PortfolioFund, Class 2 only - • Advantus Index 400 Mid-Cap PortfolioFund, Class 2 only - • Advantus Index 500 PortfolioFund, Class 2 only - • Advantus International Bond PortfolioFund, Class 2 only - • Advantus Money Market Portfolio - Fund • Advantus Mortgage Securities PortfolioFund, Class 2 only - • Advantus Real Estate Securities PortfolioFund, Class 2 only Average daily net assets shall be computed in accordance with the Fund's Trust’s currently effective Prospectus. Amounts payable to the Underwriter under the Plan may exceed or be less than the Underwriter's ’s actual Distribution Expenses. In the event such Distribution Expenses exceed amounts payable to the Underwriter under the PlansPlan, the Underwriter shall not be entitled to reimbursement by the FundTrust. In each year during which this Agreement remains in effect, the Underwriter will prepare and furnish to the Board of Directors Trustees of the FundTrust, and the Board will review, on a quarterly basis, written reports complying with the requirements of Rule 12b-1 under the 1940 Act that set forth the amounts expended under this Agreement and the Plan and the purposes for which those expenditures were made.
Appears in 1 contract
Samples: Underwriting and Distribution Agreement (Advantus Series Fund Inc)