Common use of Concessions Clause in Contracts

Concessions. In return for your performance of the services set forth in this Agreement on behalf of your customers, the Distributor will pay you compensation under the terms and conditions set forth below: (a) Any sales charges, dealers’ concessions, service fees, and/or any other fees paid pursuant to a Fund’s Plan of Distribution pursuant to Rule 12b-1 under the 1940 Act, as amended, will be paid in the amounts and at the times as set forth in the Funds’ current Prospectus or the attached Appendix C. You hereby acknowledge that a Fund reserves the right to amend, modify, suspend or eliminate any Rule 12b-1 fee at any time. The Distributor will promptly notify each member of the Selling Group of any change to a Fund’s Rule 12b-1 fee. (b) Where payment is due hereunder, the Distributor agrees to send payment for dealers’ concessions and payments made in accordance with a Fund’s Plan of Distribution pursuant to Rule 12b-1 under the 1940 Act, as amended, to your address as it appears on our records. You must notify us of address changes and promptly negotiate such payments. Any such payments that remain outstanding for 12 months shall be void and the obligation represented thereby shall be extinguished. (c) The Distributor will not be obligated to pay you any concessions or fees with respect to any share of a Fund that is placed or purchased in your customer accounts after the date this Agreement is terminated pursuant to Section 18 of this Agreement; provided that the Distributor will continue to be obligated to pay the concessions and fees with respect to any share that was considered in the calculation of the concessions and fees prior to or as of the date of such termination including shares that may be subsequently created as a result of dividend reinvestments or capital gains distributions (each individually a “Pre-Termination Share”), for so long as a Pre-Termination Share continues to be held in a customer account and you continue to perform services for such Pre-Termination Share. With respect to the Retail Funds: (d) With respect to any Class of shares of the Retail Funds that impose a sales load or a Contingent Deferred Sales Charge (“CDSC”), the Distributor agrees to compensate selling firms at a specified rate and time as disclosed in Appendix C on purchase payments only for those shares which are subject to a sales load or CDSC at the time of investment. You understand that any CDSC deducted from redemption proceeds shall be the property of the Distributor. (e) The Distributor reserves the right to reclaim any commission payment from a broker/dealer if the Distributor later determines a sales load or CDSC waiver applied at the time of investment. (f) Each Retail Fund reserves the right to modify all sales load or CDSC waivers at any time. The Distributor will promptly notify each member of the Selling Group of any modification thereto. (g) You are responsible for applying the correct sales charge to your customers, as detailed in the current Prospectus.

Concessions. In return for your performance of the services set forth in this Agreement on behalf of your customers, the Distributor will pay you compensation under the terms and conditions set forth below: (a) Any sales charges, dealers’ concessions, service fees, and/or any other fees paid pursuant to a Fund’s Plan of Distribution pursuant to Rule 12b-1 under the 1940 Act, as amended, will be paid in the amounts and at the times as set forth in the Funds’ current Prospectus or the attached Appendix C. B. You hereby acknowledge that a Fund reserves the right to amend, modify, suspend or eliminate any Rule 12b-1 fee at any time. The Distributor will promptly notify each member of the Selling Group of any change to a Fund’s Rule 12b-1 fee. (b) Where payment is due hereunder, the Distributor agrees to send payment for dealers’ concessions and payments made in accordance with a Fund’s Plan of Distribution pursuant to Rule 12b-1 under the 1940 Act, as amended, to your address as it appears on our records. You must notify us of address changes and promptly negotiate such payments. Any such payments that remain outstanding for 12 months shall be void and the obligation represented thereby shall be extinguished. (c) The Distributor will not be obligated to pay you any concessions or fees with respect to any share of a Fund that is placed or purchased in your customer accounts after the date this Agreement is terminated pursuant to Section 18 17 of this Agreement; provided that the Distributor will continue to be obligated to pay the concessions and fees with respect to any share that was considered in the calculation of the concessions and fees prior to or as of the date of such termination including shares that may be subsequently created as a result of dividend reinvestments or capital gains distributions (each individually a “Pre-Termination Share”), for so long as a Pre-Termination Share continues to be held in a customer account and you continue to perform services for such Pre-Termination Share. With respect to the Retail Funds:. (d) With respect to any Class of shares of the Retail Funds that impose a sales load or a Contingent Deferred Sales Charge (“CDSC”), the Distributor agrees to compensate selling firms at a specified rate and time as disclosed in Appendix C B on purchase payments only for those shares which are subject to a sales load or CDSC at the time of investment. You understand that any CDSC deducted from redemption proceeds shall be the property of the Distributor. (e) The Distributor reserves the right to reclaim any commission payment from a broker/dealer if the Distributor later determines a sales load or CDSC waiver applied at the time of investment. (f) Each Retail Fund reserves the right to modify all sales load or CDSC waivers at any time. The Distributor will promptly notify each member of the Selling Group of any modification thereto. (g) You are responsible for applying the correct sales charge to your customers, as detailed in the current Prospectus.