Common use of The Plan Clause in Contracts

The Plan. This Plan is the Fund's written service plan for its Class A Shares described in the Fund's registration statement as of the date this Plan takes effect, contemplated by and to comply with Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., as administered by the Financial Industry Regulatory Authority (the “FINRA Rules”), or any amendment or successor to such rule, pursuant to which the Fund will reimburse the Distributor for a portion of its costs incurred in connection with the personal service and maintenance of shareholder accounts (“Accounts”) that hold Class A Shares (the “Shares”) of the Fund. The Fund may be deemed to be acting as distributor of securities of which it is the issuer, pursuant to Rule 12b-1 under the Investment Company Act of 1940 (the “1940 Act”), according to the terms of this Plan. The Distributor is authorized under the Plan to pay “Recipients,” as hereinafter defined, for rendering services and for the maintenance of Accounts. Such Recipients are intended to have certain rights as third-party beneficiaries under this Plan.

Appears in 70 contracts

Samples: Service Plan and Agreement (Oppenheimer Rochester Short Duration High Yield Municipal Fund), Service Plan and Agreement (Oppenheimer Intermediate Term Municipal Fund), Service Plan and Agreement (Oppenheimer Intermediate Income Fund)

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The Plan. This Plan is the Fund's ’s written service plan for its Class A Shares described in the Fund's ’s registration statement as of the date this Plan takes effect, contemplated by and to comply with Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., as administered by the Financial Industry Regulatory Authority (the “FINRA Rules”), or any amendment or successor to such rule, pursuant to which the Fund will reimburse the Distributor for a portion of its costs incurred in connection with the personal service and maintenance of shareholder accounts (“Accounts”) that hold Class A Shares (the “Shares”) of the Fund. The Fund may be deemed to be acting as distributor of securities of which it is the issuer, pursuant to Rule 12b-1 under the Investment Company Act of 1940 (the “1940 Act”), according to the terms of this Plan. The Distributor is authorized under the Plan to pay “Recipients,” as hereinafter defined, for rendering services and for the maintenance of Accounts. Such Recipients are intended to have certain rights as third-party beneficiaries under this Plan.

Appears in 13 contracts

Samples: Service Plan and Agreement (Oppenheimer Emerging Markets Innovators Fund), Service Plan and Agreement (Oppenheimer Transition 2015 Fund), Service Plan and Agreement (Oppenheimer Commodity Strategy Total Return Fund)

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The Plan. This Plan is the Fund's written distribution and service plan for its Class A Service Shares described in the Fund's registration statement as of the date this Plan takes effect, contemplated by and to comply with Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., as administered by the Financial Industry Regulatory Authority (the “FINRA Rules”), or any amendment or successor to such rule, pursuant to which the Fund will reimburse compensate the Distributor for a portion of its costs incurred services in connection with the distribution of Shares, and the personal service and maintenance of shareholder accounts (“Accounts”) that hold Class A Service Shares (the "Shares") of the Fund. The Fund may be deemed to be acting as distributor of securities of which it is the issuer, pursuant to Rule 12b-1 under the Investment Company Act of 1940 (the "1940 Act"), according to the terms of this Plan. The Distributor is authorized under the Plan to pay "Insurance Company Recipients," as hereinafter defined, for rendering services and for the maintenance of AccountsAccounts and for distributing Service Shares. Such Insurance Company Recipients are intended to have certain rights as third-party beneficiaries under this Plan.

Appears in 3 contracts

Samples: Distribution Agreement (Oppenheimer Variable Account Funds), Distribution Agreement (Oppenheimer Variable Account Funds), Distribution Agreement (Oppenheimer Variable Account Funds)

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