COMPENSATION TO THE UNDERWRITER. It is understood and agreed by the parties hereto that the Underwriter will receive as compensation for services it performs hereunder:
COMPENSATION TO THE UNDERWRITER. As compensation for all of its services provided and its costs assumed under this Agreement, the Underwriter shall receive the following forms and amounts of compensation;
COMPENSATION TO THE UNDERWRITER. Pursuant to the Fund's Plan of Distribution adopted in accordance with Rule 12b-1 under the 1940 Act (the "Plan"), the Fund shall pay the Underwriter a total fee each month equal to 0.25% per annum of the average daily net assets represented by shares of the Portfolios (and any Class thereof) of the Fund covered by the Plan to cover the costs of "distribution-related activities" and other "non-distribution services" as described in the Plan ("Distribution Expenses"). As of the date of this Agreement, only the following Portfolios (and Classes thereof) of the Fund are covered by the Plan: - Bond Portfolio, Class 2 only - Index 400 Mid-Cap Portfolio, Class 2 only - Index 500 Portfolio, Class 2 only - International Bond Portfolio, Class 2 only - Money Market Portfolio - Mortgage Securities Portfolio, Class 2 only - Real Estate Securities Portfolio, Class 2 only Average daily net assets shall be computed in accordance with the Fund's currently effective Prospectus. Amounts payable to the Underwriter under the Plan may exceed or be less than the Underwriter's actual Distribution Expenses. In the event such Distribution Expenses exceed amounts payable to the Underwriter under the Plans, the Underwriter shall not be entitled to reimbursement by the Fund. In each year during which this Agreement remains in effect, the Underwriter will prepare and furnish to the Board of Directors of the Fund, and the Board will review, on a quarterly basis, written reports complying with the requirements of Rule 12b-1 under the 1940 Act that set forth the amounts expended under this Agreement and the Plan and the purposes for which those expenditures were made.
COMPENSATION TO THE UNDERWRITER. It is understood and agreed by the parties hereto that the Underwriter will receive compensation for services it performs hereunder in accordance with Schedule A hereto.
COMPENSATION TO THE UNDERWRITER. Pursuant to the Trust’s Plan of Distribution adopted in accordance with Rule 12b-1 under the 1940 Act (the “Plan”), the Trust shall pay the Underwriter a total fee each month equal to 0.25% per annum of the average daily net assets represented by shares of the Funds (and any Class thereof) of the Trust covered by the Plan to cover the costs of “distribution-related activities” and other “non-distribution services” as described in the Plan (“Distribution Expenses”). As of the date of this Agreement, only the following Funds (and Classes thereof) of the Trust are covered by the Plan: • SFT Advantus Bond Fund, Class 2 only • SFT Advantus Index 400 Mid-Cap Fund, Class 2 only • SFT Advantus Index 500 Fund, Class 2 only • SFT Advantus International Bond Fund, Class 2 only • SFT Advantus Money Market Fund • SFT Advantus Mortgage Securities Fund, Class 2 only • SFT Advantus Real Estate Securities Fund, Class 2 only • SFT Advantus Managed Volatility Fund • SFT IvySM Growth Fund • SFT IvySM Small Cap Growth Fund • SFT Pyramis® Core Equity Fund, Class 2 only • SFT X. Xxxx Price Value Fund • SFT Advantus Managed Volatility Equity Fund Average daily net assets shall be computed in accordance with the Trust’s currently effective Prospectus. Amounts payable to the Underwriter under the Plan may exceed or be less than the Underwriter’s actual Distribution Expenses. In the event such Distribution Expenses exceed amounts payable to the Underwriter under the Plan, the Underwriter shall not be entitled to reimbursement by the Trust. In each year during which this Agreement remains in effect, the Underwriter will prepare and furnish to the Board of Trustees of the Trust, and the Board will review, on a quarterly basis, written reports complying with the requirements of Rule 12b-1 under the 1940 Act that set forth the amounts expended under this Agreement and the Plan and the purposes for which those expenditures were made.
COMPENSATION TO THE UNDERWRITER. It is understood and agreed by the parties hereto that sales of Fund shares will benefit management which, like the Underwriter, is a subsidiary of the Minnesota Mutual Life Insurance Company; therefore, the Underwriter will receive no additional compensation for services it performs hereunder.
COMPENSATION TO THE UNDERWRITER. It is understood and agreed by the parties hereto that the sale of Fund shares will benefit the Underwriter, which is an affiliate of the investment sub-adviser for certain of the Funds, and therefore the Underwriter will receive no additional compensation for services it performs hereunder in connection with sales of Fund shares. In connection with the Underwriter's ongoing servicing and/or maintenance of shareholder accounts, each Fund is obligated to pay the Underwriter a service fee, calculated and payable monthly, at the annual rate of .05% of the value of the average daily net assets of such Fund. Average daily net assets shall be computed in accordance with the applicable currently effective Prospectus.
COMPENSATION TO THE UNDERWRITER. (a) With respect to each Fund, it is understood and agreed by the parties hereto that the sale of Fund shares will benefit the Underwriter, which is an affiliate of the Fund's investment adviser or sub-adviser, and therefore the Underwriter will receive no additional compensation for services it performs hereunder in connection with sales of fund shares, except as follows:
COMPENSATION TO THE UNDERWRITER. Pursuant to the Fund's Plan of Distribution adopted by the shareholders of the Fund in accordance with Rule 12b-1 under the 1940 Act (the "Plan"), the Fund shall pay the Underwriter a total fee each month equal to .25% per annum of the average daily net assets represented by shares of the Fund to cover the costs of "distribution-related activities" and other "non-distribution services" as described in the Plan ("Distribution Expenses"). Average daily net assets shall be computed in accordance with the Fund's currently effective Prospectus. Amounts payable to the Underwriter under the Plan may exceed or be less than the Underwriter's actual Distribution Expenses. In the event such Distribution Expenses exceed amounts payable to the Underwriter under the Plans, the Underwriter shall not be entitled to reimbursement by the Fund. In each year during which this Agreement remains in effect, the Underwriter will prepare and furnish to the Board of Directors of the Fund, and the Board will review, on a quarterly basis, written reports complying with the requirements of Rule 12b-1 under the 1940 Act that set forth the amounts expended under this Agreement and the Plan and the purposes for which those expenditures were made.
COMPENSATION TO THE UNDERWRITER. It is understood and agreed by the parties hereto that the Underwriter will receive as compensation for services it performs hereunder, pursuant to a Plan of Distribution adopted by the Fund in compliance with Rule 12b-1 under the Investment Company Act of 1940, as amended, a monthly shareholder servicing fee based upon the average net assets of the Fund calculated as follows: Monthly Shareholder Servicing Fee (as a percentage of the FUND'S AVERAGE NET ASSETS) -------------------------- 1/12 x .25% As set forth in said Plan of Distribution, the shareholder servicing fee shall be used by the Underwriter to compensate broker-dealers, including the Underwriter and its registered representatives, for their sale of Fund shares and to pay certain other expenses of selling Fund shares.
