Common use of Payments to Distributor Clause in Contracts

Payments to Distributor. The Fund may expend pursuant to this Plan and as set forth below an aggregate amount not to exceed 1.00% per annum of the average net assets of the Fund’s Class B shares. Notwithstanding the foregoing, effective March 1, 2005, the Distributor will retain the Shareholder Servicing Fee as defined below (after all permissible payments to third parties) only with respect to accounts to which a broker-dealer other than the Distributor has been assigned. The categories of expenses are as follows:

Appears in 4 contracts

Samples: Plan of Distribution (Limited Term Tax Exempt Bond Fund of America), Plan of Distribution (American High Income Trust), Plan of Distribution (Cash Management Trust of America)

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Payments to Distributor. The Fund may expend pursuant to this Plan and as set forth below an aggregate amount not to exceed 1.00% per annum of the average net assets of the Fund’s Class 529-B shares. Notwithstanding the foregoing, effective March 1, 2005, the Distributor will retain the Shareholder Servicing Service Fee as defined below (after all permissible payments to third parties) only with respect to accounts to which a broker-dealer other than the Distributor has been assigned. The categories of expenses are as follows:

Appears in 2 contracts

Samples: Plan of Distribution (American High Income Trust), Plan of Distribution (Cash Management Trust of America)

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