NATURE OF PIONEER INDEPENDENCE PLANS Sample Clauses

NATURE OF PIONEER INDEPENDENCE PLANS. The Sponsor intends to offer Pioneer Independence Plans for the accumulation of shares of the Fund (all such shares being hereinafter called the "Fund Shares"), or any other shares substituted therefor, under the terms of Pioneer Independence Plans . Holders of each Pioneer Independence Plan (a "Plan") issued under Pioneer Independence Plans are hereinafter called "Planholders." Issuance and transfer of the Plans will be by book entry only.
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