Common use of Servicer Compensation Clause in Contracts

Servicer Compensation. a. With respect to the Services provided by Servicer with respect to any Fund or class thereof that is authorized to make payments of service fees (I.E., payments of fees and expenses made in accordance with a service plan adopted by certain Funds or classes thereof pursuant to Rule 12b-1 ("Rule 12b-1 Plan") under the Investment Company Act of 1940, as amended ("1940 Act")), all payments to Servicer shall be in accordance with the Rule 12b-1 Plan adopted by that Fund or classes thereof as specified in each applicable Prospectus for each Fund or class thereof. With respect to any Fund or class thereof that offers Shares for which a Rule 12b-1 Plan has been adopted, Distributor is authorized to pay Servicer continuing service fees, as specified in the relevant Prospectus to the extent that Servicer provides the Services specified in Section 2.a. above regarding the servicing of shareholder accounts for its clients. Distributor reserves the right, without prior notice, to suspend or eliminate the payment of such Rule 12b-1 Plan payments or other compensation to Servicer by amendment, sticker or supplement to the Prospectus for each Fund.