Examples of Service Shares in a sentence
The Distributor is authorized under the Plan to pay "Insurance Company Recipients," as hereinafter defined, for rendering services and for the maintenance of Accounts and for distributing Service Shares.
The pro-rata fee factor is calculated by: (a) dividing the per annum factor set forth on Exhibit A for the Service Shares of each Portfolio by the number of days in the applicable year, and (b) multiplying the result by the actual number of days in the applicable month.
For purposes of Rule 18f-3, Class A Shares have the following conversion rights and exchange privileges at the election of the shareholder: Conversion Rights: At the election of the shareholder, Class A Shares may be converted into Institutional Shares or Institutional Service Shares.
Service Shares shall also be available to investors acquiring Service Shares in connection with certain business combinations (“Direct Service Investors”) and investors that participate in certain asset allocation programs described in the prospectus.
Service Shares of a Portfolio shall not be subject to a sales charge.