Iowa Distribution Agreement regarding the continuous offering of the Fund's shares

• Category: Corporations - Public - Distribution
• State: Multi-State
• Control #: US-EG-9373
• Format: Word; Rich Text

Description

Distribution Agreement between Prudential Tax-Managed Growth Fund and Prudential Investment Management Services, LLC regarding the continuous offering of the Fund's shares in order to promote the growth of the Fund and facilitate the distribution of the Iowa Distribution Agreement is a legally binding contract that governs the ongoing sale and distribution of a Fund's shares within the state of Iowa. This agreement outlines the obligations and rights of the fund's distributor and defines the terms and conditions under which the shares can be continuously offered to investors. One type of Iowa Distribution Agreement is the "Exclusive Distribution Agreement." This agreement grants a single distributor the exclusive right to sell the Fund's shares in Iowa. The distributor is responsible for all marketing, promotion, and sale of the shares within the state. In return, the distributor is entitled to certain compensation and incentives, which are pre-determined within the agreement. Another type of Iowa Distribution Agreement is the "Non-Exclusive Distribution Agreement." In this scenario, multiple distributors can sell the Fund's shares within Iowa. Each distributor operates independently and is responsible for their own marketing and sales efforts. Compensation structures and incentives may vary between distributors, and no single distributor holds exclusive rights to sell the shares. The Iowa Distribution Agreement ensures compliance with relevant Iowa state laws and regulations, including securities laws, to protect both the fund and the investors. It includes provisions for the ongoing reporting of sales activities, disclosure requirements, and the responsibility of the distributor to provide accurate and up-to-date information to potential investors. Key elements of the Iowa Distribution Agreement include: 1. Territory: The agreement specifies that it applies to the distribution of the Fund's shares in the state of Iowa. 2. Term: The duration of the agreement is defined, highlighting the start and end date of the distribution relationship. 3. Rights and Obligations: The agreement outlines the distributor's rights and obligations, such as ensuring compliance with regulations, maintaining proper documentation, and providing marketing support. 4. Compensation: The agreement details the compensation structure for the distributor, including any upfront fees, commissions, or additional incentives based on sales performance. 5. Reporting Requirements: The agreement mandates periodic reporting by the distributor to the fund, providing information on sales volumes, investor demographics, and any other relevant data. 6. Termination: The conditions and procedures for terminating the agreement are outlined, including breach of contract, bankruptcy, or expiration of the agreed term. 7. Governing Law: The agreement specifies that it will be governed by the laws of the state of Iowa, ensuring compliance with state-specific regulations and requirements. In summary, the Iowa Distribution Agreement is a comprehensive contract that governs the continuous offering of a Fund's shares within the state of Iowa. It outlines the rights, obligations, and compensation of the distributor(s) and ensures compliance with relevant laws and regulations.

Iowa Distribution Agreement is a legally binding contract that governs the ongoing sale and distribution of a Fund's shares within the state of Iowa. This agreement outlines the obligations and rights of the fund's distributor and defines the terms and conditions under which the shares can be continuously offered to investors. One type of Iowa Distribution Agreement is the "Exclusive Distribution Agreement." This agreement grants a single distributor the exclusive right to sell the Fund's shares in Iowa. The distributor is responsible for all marketing, promotion, and sale of the shares within the state. In return, the distributor is entitled to certain compensation and incentives, which are pre-determined within the agreement. Another type of Iowa Distribution Agreement is the "Non-Exclusive Distribution Agreement." In this scenario, multiple distributors can sell the Fund's shares within Iowa. Each distributor operates independently and is responsible for their own marketing and sales efforts. Compensation structures and incentives may vary between distributors, and no single distributor holds exclusive rights to sell the shares. The Iowa Distribution Agreement ensures compliance with relevant Iowa state laws and regulations, including securities laws, to protect both the fund and the investors. It includes provisions for the ongoing reporting of sales activities, disclosure requirements, and the responsibility of the distributor to provide accurate and up-to-date information to potential investors. Key elements of the Iowa Distribution Agreement include: 1. Territory: The agreement specifies that it applies to the distribution of the Fund's shares in the state of Iowa. 2. Term: The duration of the agreement is defined, highlighting the start and end date of the distribution relationship. 3. Rights and Obligations: The agreement outlines the distributor's rights and obligations, such as ensuring compliance with regulations, maintaining proper documentation, and providing marketing support. 4. Compensation: The agreement details the compensation structure for the distributor, including any upfront fees, commissions, or additional incentives based on sales performance. 5. Reporting Requirements: The agreement mandates periodic reporting by the distributor to the fund, providing information on sales volumes, investor demographics, and any other relevant data. 6. Termination: The conditions and procedures for terminating the agreement are outlined, including breach of contract, bankruptcy, or expiration of the agreed term. 7. Governing Law: The agreement specifies that it will be governed by the laws of the state of Iowa, ensuring compliance with state-specific regulations and requirements. In summary, the Iowa Distribution Agreement is a comprehensive contract that governs the continuous offering of a Fund's shares within the state of Iowa. It outlines the rights, obligations, and compensation of the distributor(s) and ensures compliance with relevant laws and regulations.