Common use of Distributions to Shareholders Clause in Contracts

Distributions to Shareholders. Except at such times when the Trustees deem proper, the Trustees will not distribute to Shareholders net investment income and realized capital gains, but will retain and reinvest such net profits. The Trustees may make distributions to Shareholders to the extent the distribution and the circumstances in which it may be made are determined by the Trustees to be in the best interests of the Series or Class. The Trustees may retain and not reinvest from the net profits such amount as they may deem necessary to pay the debts or expenses of the Trust or to meet obligations of the Trust, or as they may deem desirable to use in the conduct of its affairs or to retain for future requirements or extensions of the business.

Distributions to Shareholders. Except at such times when the ----------------------------- Trustees deem proper, the Trustees will not distribute to Shareholders net investment income and realized capital gains, but will retain and reinvest such net profits. The Trustees may make distributions to Shareholders to the extent the distribution and the circumstances in which it may be made are determined by the Trustees to be in the best interests of the Series or ClassSeries. The Trustees may retain and not reinvest from the net profits such amount as they may deem necessary to pay the debts or expenses of the Trust or to meet obligations of the Trust, or as they may deem desirable to use in the conduct of its affairs or to retain for future requirements or extensions of the business.

Distributions to Shareholders. Except at such times when the Trustees deem proper, the Trustees will not distribute to Shareholders net investment income and realized capital gains, but will retain and reinvest such net profits. The Trustees may make distributions to Shareholders to the extent the distribution and the circumstances in which it may be made are determined by the Trustees to be in the best interests of the Series or ClassSeries. The Trustees may retain and not reinvest from the net profits such amount as they may deem necessary to pay the debts or expenses of the Trust or to meet obligations of the Trust, or as they may deem desirable to use in the conduct of its affairs or to retain for future requirements or extensions of the business.

Distributions to Shareholders. Except at such times when the ----------------------------- Trustees deem proper, the Trustees will not distribute to Shareholders net investment income and realized capital gains, but will retain and reinvest such net profits. The Trustees may make distributions to Shareholders to the extent the distribution and the circumstances in which it may be made are determined by the Trustees to be in the best interests of the Series or ClassPortfolio. The Trustees may retain and not reinvest from the net profits such amount as they may deem necessary to pay the debts or expenses of the Trust or to meet obligations of the Trust, Trust or as they may deem desirable to use in the conduct of its affairs or to retain for future requirements or extensions of the business.

Distributions to Shareholders. Except at such times when the Trustees deem proper, the Trustees will not distribute to Shareholders net investment income and realized capital gains, but will retain and reinvest such net profits. The Trustees may make distributions to Shareholders to the extent the distribution and the circumstances in which it may be made are determined by the Trustees to be in the best interests of the Series or ClassPortfolio. The Trustees may retain and not reinvest from the net profits such amount as they may deem necessary to pay the debts or expenses of the Trust or to meet obligations of the Trust, or as they may deem desirable to use in the conduct of its affairs or to retain for future requirements or extensions of the business.