Examples of Service Class in a sentence
The only difference in expenses as among the Service Classes, together as a group on the one hand, and the Class R6 Shares, on the other shall relate to differences in transfer agent and shareholder services expenses, as described above, and any Rule 12b-1 Plan expenses of a Service Class, as described in the applicable Rule 12b-1 Plans.
The determination of daily net assets shall be made at the close of business each day throughout the month and computed in the manner specified in the Fund's then current Prospectus for the determination of the net asset value of Service Class 2 Shares, but shall exclude assets attributable to any other class of Shares of the Fund.
Such payments may be paid as a percentage of the dollar amount of purchases of Service Class 2 Shares attributable to a particular insurance company, or may take such other form as may be approved by the Trustees.
In accordance with such terms as the Trustees may, from time to time establish, and in conjunction with its services under the General Distribution Agreement with respect to Service Class 2 Shares, the Distributor is hereby expressly authorized to make payments to insurance companies in connection with the sale of Service Class 2 Shares.
This Plan may be terminated at any time, without the payment of any penalty, by vote of a majority of the Independent Trustees or by a vote of a majority of the outstanding voting securities of Service Class 2.
This Plan may be terminated at any time, without the payment of any penalty, by a vote of a majority of the Independent Trustees or by a vote of a majority of the outstanding voting securities of Service Class.
The Distributor may, but shall not be required to, use all or any portion of the distribution fee received pursuant to the Plan to compensate Investment Professionals who have engaged in the sale of Service Class 2 Shares or in shareholder support services with respect to Service Class 2 Shares pursuant to agreements with the Distributor, or to pay any of the expenses associated with other activities authorized under paragraphs 2 and 3 hereof.
Separate from any payments made as described in paragraph 3 hereof, Service Class shall also pay to the Distributor a service fee at the annual rate of 0.25% (or such lesser amount as the Trustees may, from time to time, determine) of the average daily net assets of Service Class throughout the month.
Separate from any payments made as described in paragraph 3 hereof, Service Class 2 shall also pay to the Distributor a service fee at the annual rate of 0.25% (or such lesser amount as the Trustees may, from time to time, determine) of the average daily net assets of Service Class 2 throughout the month.
Service Class 2 shall pay to the Distributor a monthly distribution fee at the annual rate of 0.00% (or such lesser amount as the Trustees may, from time to time, determine) of the average daily net assets of Service Class 2 throughout the month.