Common use of PERFORMANCE OBJECTIVES Clause in Contracts

PERFORMANCE OBJECTIVES. The Adviser will report to OneBeacon Insurance Group, Ltd. on a quarterly basis to review the Adviser’s total investment performance. It is understood that there are likely to be short-term periods during which performance deviates from market indices. During such times, greater emphasis shall be placed on performance comparisons with investment managers employing similar styles. The overall performance of the Adviser’s Investment Accounts will be measured by referencing broad equity market indices over a 3-year rolling period.

PERFORMANCE OBJECTIVES. The Adviser will report to OneBeacon Insurance Group, Ltd. on a quarterly basis to review the Adviser’s 's total investment performance. It is understood that there are likely to be short-term periods during which performance deviates from market indices. During such times, greater emphasis shall be placed on performance comparisons with investment managers employing similar styles. The overall performance of the Adviser’s 's Investment Accounts will be measured by referencing broad equity and mutually agreed upon market indices over a 3-year rolling period.