Distribution Compensation definition
Distribution Compensation is hereby amended to delete "Hartford" where it appears for a second time in this Section and replaced it with "Hartford's 's affiliate, Hartford Securities Distribution Company, Inc., a broker-dealer registered with the Securities Exchange Commission under the Securities Act of 1934 and member of the Financial industry Regulatory Authority". Thus, as amended, this Section should read as follows: "If Federated and a Fund accept a purchase order and Hartford settles the order by making payment for the Shares, Hartford's 's affiliate. Hartford Securities Distribution Company, Inc. (a broker-dealer registered with the Securities Exchange Commission under the Securities Act of 1934 and member of the Financial Industry Regulatory Authority), will be entitled to receive distribution fees from FSC as agent for the Fund issuing such Shares, equal to the percentage of average net assets set forth in the applicable prospectus for the Shares, initially 0.50% of average daily net assets."
4. A subsection (d) is hereby added to Section V., "Payment of Distribution Fees", to read as follows:
Examples of Distribution Compensation in a sentence
Distribution Compensation Plan/Deferred will commence after Salary Continuation Compensation Plan (Active Period, in accordance with previously made Participation) elections, and at the termination rate unless the Executive qualifies for the retirement rate.