Common use of Effective Date, Duration and Termination Clause in Contracts

Effective Date, Duration and Termination. (a) This Agreement shall be effective with respect to each Fund on the date specified on the relevant schedule and shall have an initial term of one (1) year. This Agreement shall continue automatically with respect to each Fund for successive periods of one calendar year upon the annual approval of the Board of Directors of VF, including a majority of those Directors of the Board of VF who are not "interested persons" as that term is defined in the Investment Company Act of 1940, or by a vote of a majority of the outstanding voting securities of such Fund.

Effective Date, Duration and Termination. (a) This Agreement shall be effective with respect to each Fund on the date specified on in the relevant schedule first sentence hereof and shall have an initial term of one two (12) yearyears. This Agreement shall continue automatically with respect to each Fund for successive periods of one calendar year upon the annual approval of the Board of Directors of VF, including a majority of those Directors of the Board of VF who are not "interested persons" as that term is defined in the Investment Company Act of 1940, or by a vote of a majority of the outstanding voting securities of such Fund.

Effective Date, Duration and Termination. (a) This Agreement shall be effective with respect to each Fund on the date specified on in the relevant schedule first sentence hereof and shall have an initial term of one two (12) yearyears. This Agreement shall continue automatically with respect to each Fund for successive periods of one calendar year upon the annual approval of the Board of Directors of VF, including a majority of those Directors of the Board of VF who are not "interested persons" as that term is defined in the Investment Company Act of 1940, or by a vote of a majority of the outstanding voting securities shares of such Fund.

Effective Date, Duration and Termination. (a) This Agreement shall be effective with respect to each Fund on the date specified on the relevant schedule and shall have an initial term of one two (12) yearyears. This Agreement shall continue automatically with respect to each Fund for successive periods of one calendar year upon the annual approval of the Board of Directors of VF, including a majority of those Directors of the Board of VF who are not "interested persons" as that term is defined in the Investment Company Act of 1940, or by a vote of a majority of the outstanding voting securities of such Fund.

Effective Date, Duration and Termination. (a) This Agreement shall be effective with respect to each Fund on the date specified on in the relevant schedule first sentence hereof and shall have an initial term of one two (12) yearyears. This Agreement shall continue automatically with respect to each Fund for successive periods of one calendar year upon the annual approval of the Board of Directors of VF, including a majority of those Directors of the Board of VF who are not "“interested persons" ” as that term is defined in the Investment Company Act of 1940, or by a vote of a majority of the outstanding voting securities shares of such Fund.