Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors.
Appears in 5 contracts
Samples: Distribution Agreement (Oppenheimer Panorama Series Fund Inc), Distribution Agreement (Panorama Series Fund Inc), Distribution Agreement (Panorama Series Fund Inc)
Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service Xxxxxxx shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors.
Appears in 3 contracts
Samples: Distribution Agreement (Oppenheimer Panorama Series Fund Inc), Distribution Agreement (Oppenheimer Panorama Series Fund Inc), Distribution Agreement (Oppenheimer Panorama Series Fund Inc)
Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29October 28, 2000 2005 for the purpose of voting on this Plan, Plan and shall take effect on replaces the later of (i) prior Amended and Restated Distribution and Service Plan and Agreement for the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000Fund's Service Shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with Rule 12b-1 under the 1940 Act and from year to year thereafter or as the Board may otherwise determine determine, only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding oxxxxxxxxxg voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors.
Appears in 2 contracts
Samples: Distribution Agreement (Oppenheimer Panorama Series Fund Inc), Distribution Agreement (Oppenheimer Panorama Series Fund Inc)
Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors Trustees cast in person at a meeting called on February 29December 11, 2000 1997 for the purpose of voting on this Plan. Unless terminated as hereinafter provided, and it shall take continue in effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000the Fund's Registration Statement is declared effective by the Securities and Exchange Commission. Unless terminated as hereinafter provided, it shall continue in effect until October December 31, 2000 1998 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote Trustees cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act0000 Xxx) of the Fund's outstanding voting Service sharessecurities of the Class. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Class A Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent DirectorsTrustees.
Appears in 2 contracts
Samples: Service Plan and Agreement (Oppenheimer Institutional Growth Fund), Service Plan and Agreement (Oppenheimer Large Cap Value Fund)
Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29October 28, 2000 2005 for the purpose of voting on this Plan, Plan and shall take effect on replaces the later of (i) prior Amended and Restated Distribution and Service Plan and Agreement for the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000Fund's Service Shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with Rule 12b-1 under the 1940 Act and from year to year thereafter or as the Board may otherwise determine determine, only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding outsxxxxxxx voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors.
Appears in 1 contract
Samples: Distribution Agreement (Oppenheimer Panorama Series Fund Inc)
Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act0000 Xxx) of the Fund's outstanding voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors.
Appears in 1 contract
Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Directors cast in person at a meeting called on February 29October 28, 2000 2005 for the purpose of voting on this Plan, Plan and shall take effect on replaces the later of (i) prior Amended and Restated Distribution and Service Plan and Agreement for the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000Fund's Service Shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with Rule 12b-1 under the 1940 Act and from year to year thereafter or as the Board may otherwise determine determine, only so long as such continuance is specifically approved at least annually by the Board and its Independent Directors by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service shares. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Directors.
Appears in 1 contract
Samples: Distribution Agreement (Oppenheimer Panorama Series Fund Inc)