Common use of Effectiveness, Continuation, Termination and Amendment Clause in Contracts

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Trustees cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, the Fund's Service Plan and Agreement dated May 1, 1998, by and between the Trust and OFI, shall be terminated. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 7 contracts

Sources: Distribution Agreement (Oppenheimer Variable Account Funds), Distribution Agreement (Oppenheimer Variable Account Funds), Distribution Agreement (Oppenheimer Variable Account Funds)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and of the Independent Trustees cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, replaces the Fund's prior Distribution and Service Plan and Agreement dated May 1, 1998, by and between the Trust and OFI, shall be terminatedfor Class N shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with the Rule and thereafter from year to year thereafter or as the Board may otherwise determine but only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class N Shareholders at a meeting called for that purpose and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by a vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding outs▇▇▇▇▇▇▇ Class N voting Service shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 4 contracts

Sources: Distribution Agreement (Oppenheimer Cash Reserves/Co/), Distribution Agreement (Oppenheimer Portfolio Series), Distribution Agreement (Oppenheimer Portfolio Series)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29June 22, 2000 1995 for the purpose of voting on this Plan, and shall take effect on after approval by Class A shareholders of the later of (i) the date that Shares are first issued to OppenheimerFundsFund, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it shall replace the Fund's Service Plan and Agreement dated May of Distribution for the Shares made as of April 28, 1988 as amended as of December 30, 1988, August 14, 1990, October 18, 1990, August 23, 1991 and September 1, 1998, by and between the Trust and OFI, shall be terminated1993. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class A Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting Service sharessecurities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset- Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 4 contracts

Sources: Distribution Agreement (Quest for Value Family of Funds), Distribution Agreement (Quest for Value Family of Funds), Distribution Agreement (Quest for Value Family of Funds)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29June 22, 2000 1995, for the purpose of voting on this Plan, and shall take effect on after approval by Class B shareholders of the later of (i) the date that Shares are first issued to OppenheimerFundsFund, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it shall replace the Fund's Service Amended and Restated Distribution Plan adopted as of December 23, 1994 and the Amended and Restated Distribution Agreement for the Shares dated May 1December 23, 1998, by and between the Trust and OFI, shall be terminated1994. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting Service sharessecurities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 4 contracts

Sources: Distribution Agreement (Oppenheimer Quest for Value Funds), Distribution Agreement (Quest for Value Family of Funds), Distribution Agreement (Quest for Value Family of Funds)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Independent Trustees cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, the Fund's Service Plan and Agreement dated May 1, 1998, by and between the Trust and OFI, shall be terminated. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding voting Service shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 2 contracts

Sources: Distribution Agreement (Oppenheimer Variable Account Funds), Distribution Agreement (Oppenheimer Variable Account Funds)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29June 22, 2000 1995, for the purpose of voting on this Plan, and shall take effect on after approval by Class B shareholders of the later of (i) the date that Shares are first issued to OppenheimerFundsFund, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it shall replace the Fund's Service Amended and Restated Distribution Plan adopted as of December 23, 1994 and the Amended and Restated Distribution Agreement for the Shares dated May 1December 23, 1998, by and between the Trust and OFI, shall be terminated1994. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service sharessecurities ▇▇ ▇▇▇ Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 2 contracts

Sources: Distribution Agreement (Oppenheimer Quest for Value Funds), Distribution Agreement (Oppenheimer Quest for Value Funds)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29June 22, 2000 1995 for the purpose of voting on this Plan, and shall take effect on after approval by Class A shareholders of the later of (i) the date that Shares are first issued to OppenheimerFundsFund, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it shall replace the Fund's Service Plan and Agreement dated May of Distribution for the Shares made as of April 28, 1988 as amended as of December 30, 1988, August 14, 1990, October 18, 1990, August 23, 1991 and September 1, 1998, by and between the Trust and OFI, shall be terminated1993. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class A Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service sharessecurities ▇▇ ▇▇▇ ▇lass. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 2 contracts

Sources: Distribution Agreement (Oppenheimer Quest for Value Funds), Distribution Agreement (Oppenheimer Quest for Value Funds)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29March 16, 2000 1995, for the purpose of voting on this Plan, and shall take effect on the later as of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, the Fund's Service Plan and Agreement dated May 1, 1998, by and between the Trust and OFI, shall be terminatedset forth above. Unless terminated as hereinafter provided, it shall continue in effect until October December 31, 2000 1995 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service sharessecurities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 2 contracts

Sources: Distribution Agreement (Oppenheimer Global Fund), Distribution Agreement (Oppenheimer Fund)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29March 16, 2000 1995, for the purpose of voting on this Plan, and shall take effect on the later as of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, the Fund's Service Plan and Agreement dated May 1, 1998, by and between the Trust and OFI, shall be terminatedset forth above. Unless terminated as hereinafter provided, it shall continue in effect until October December 31, 2000 1995 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's ▇▇▇▇'▇ outstanding voting Service sharessecurities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 2 contracts

Sources: Distribution Agreement (Oppenheimer Target Fund), Distribution Agreement (Oppenheimer Global Growth & Income Fund)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29June 22, 2000 1995 for the purpose of voting on this Plan, and shall take effect on after approval by Class A shareholders of the later of (i) the date that Shares are first issued to OppenheimerFundsFund, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it shall replace the Fund's Service Plan and Agreement dated May of Distribution for the Shares made as of April 28, 1988 as amended as of December 30, 1988, August 14, 1990, October 18, 1990, August 23, 1991 and September 1, 1998, by and between the Trust and OFI, shall be terminated1993. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter from the date first set forth above or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Class A Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service sharessecurities ▇▇ ▇▇▇ Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be is entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 2 contracts

Sources: Distribution Agreement (Oppenheimer Quest for Value Funds), Distribution Agreement (Oppenheimer Quest for Value Funds)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29October 10, 2000 1996, for the purpose of voting on this Plan, and shall take effect on the later as of (i) the date that Shares are first issued to OppenheimerFundsset forth above, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it should replace the Fund's Distribution and Service Plan and Agreement for the shares dated May 1August 29, 1998, by and between the Trust and OFI, shall be terminated1995. Unless terminated as hereinafter provided, it shall continue in effect until October December 31, 2000 1997 and thereafter from year to year thereafter or as the Board may otherwise determine but only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class B Shareholders in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding Class B voting Service shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Multiple Strategies Fund)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees Directors cast in person at a meeting called on February 2923, 2000 1994 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, replaces the Fund's Distribution and Service Plan and Agreement dated May 1October 25, 1998, by and between the Trust and OFI, shall be terminated1993. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote Directors cast in person at a meeting called for the purpose of voting on such continuance. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Class B Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent TrusteesDirectors. This Plan may be terminated at any time by vote of a majority of the Independent Directors or by the vote of the holders of a "majority" (as defined in the ▇▇▇▇ ▇▇▇) of the Fund's outstanding voting securities of the Class. In the event of such termination, the Board and its Independent Directors shall determine whether the Distributor is entitled to payment from the Fund of all Carry Forward Expenses and related costs properly incurred in respect of Shares sold prior to the effective date of such termination, and whether the Fund shall continue to make payment to the Distributor in the amount the Distributor is entitled to retain under part (d) of Section 3 hereof, until such time as the Distributor has been reimbursed for all such amounts by the Fund, by retaining CDSC payments, or by a combination of both.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Main Street Funds Inc)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting meetings called on February 25, 1997 and April 29, 2000 1997, for the purpose of voting on this Plan, and shall take effect on after being approved by Class B shareholders of the later of (i) the date that Shares are first issued to OppenheimerFundsFund, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it shall replace the Fund's Distribution and Service Plan and Agreement for the Shares dated May 1February 23, 1998, by and between the Trust and OFI, shall be terminated1994. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 1997 and thereafter from year to year thereafter or as the Board may otherwise determine but only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class B Shareholders in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding Class B voting Service shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Equity Income Fund Inc)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 2925, 2000 1997, for the purpose of voting on this Plan, and shall take effect on the later as of (i) the date that Shares are first issued to OppenheimerFundsset forth above, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it shall replace the Fund's Distribution and Service Plan and Agreement for the Shares dated May 1August 4, 1998, by and between the Trust and OFI, shall be terminated1995. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 1997 and thereafter from year to year thereafter or as the Board may otherwise determine but only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class C Shareholders in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding Class C voting Service shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Equity Income Fund Inc)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and of the Independent Trustees cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, replaces the Fund's prior Distribution and Service Plan and Agreement dated May 1, 1998, by and between the Trust and OFI, shall be terminatedfor Class C shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with the Rule and thereafter from year to year thereafter or as the Board may otherwise determine but only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class C Shareholders at a meeting called for that purpose and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by a vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding outs▇▇▇▇▇▇▇ Class C voting Service shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Portfolio Series)

Effectiveness, Continuation, Termination and Amendment. This Amended and Restated Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29, 2000 for the purpose of voting on this Plan, and shall take effect on the later of (i) the date that Shares are first issued to OppenheimerFunds, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, replaces the Fund's prior Distribution and Service Plan and Agreement dated May 1, 1998, by and between the Trust and OFI, shall be terminatedfor Class B shares. Unless terminated as hereinafter provided, it shall continue in effect until October 31, 2000 renewed by the Board in accordance with the Rule and thereafter from year to year thereafter or as the Board may otherwise determine but only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class B Shareholders at a meeting called for that purpose, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service sharesClass B v▇▇▇▇▇ ▇▇ares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Real Estate Fund)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29October 10, 2000 1995, for the purpose of voting on this Plan, and shall take effect on after being approved by Class B shareholders of the later of (i) the date that Shares are first issued to OppenheimerFundsFund, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it shall replace the Fund's Distribution and Service Plan and Agreement for the Shares dated May 1February 10, 1998, by and between the Trust and OFI, shall be terminated1994. Unless terminated as hereinafter provided, it shall continue in effect until October December 31, 2000 1997 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made, without approval of the Class B Shareholders in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act) of the Fund's outstanding voting Service sharessecurities of the Class. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Global Fund)

Effectiveness, Continuation, Termination and Amendment. This Plan has been approved by a vote of the Board and its Independent Trustees cast in person at a meeting called on February 29October 10, 2000 1996 for the purpose of voting on this Plan, and shall take effect on the later as of (i) the date that Shares are first issued to OppenheimerFundsset forth above, Inc. or any other person, or (ii) May 1, 2000. When this Plan takes effect, at which time it should replace the Fund's Distribution and Service Plan and Agreement for the shares dated May December 1, 1998, by and between the Trust and OFI, shall be terminated1993. Unless terminated as hereinafter provided, it shall continue in effect until October December 31, 2000 1997 and from year to year thereafter or as the Board may otherwise determine only so long as such continuance is specifically approved at least annually by a vote of the Board and its Independent Trustees by a vote cast in person at a meeting called for the purpose of voting on such continuance. This Plan may not be amended to increase materially the amount of payments to be made under this Plan, without approval of the Class C Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees. This Plan may be terminated at any time by vote of a majority of the Independent Trustees or by the vote of the holders of a "majority" (as defined in the 1940 Act▇▇▇▇ ▇▇▇) of the Fund's outstanding Class C voting Service shares. In the event of such termination, the Board and its Independent Trustees shall determine whether the Distributor shall be entitled to payment from the Fund of all or a portion of the Service Fee and/or the Asset-Based Sales Charge in respect of Shares sold prior to the effective date of such termination. This Plan may not be amended to increase materially the amount of payments to be made without approval of the Service Shareholders, in the manner described above, and all material amendments must be approved by a vote of the Board and of the Independent Trustees.

Appears in 1 contract

Sources: Distribution Agreement (Oppenheimer Multiple Strategies Fund)