Common use of Performance Periods Clause in Contracts

Performance Periods. For the period from July 1, 2003 through May 31, 2004, the Adviser will be paid at the Base Rate, without regard to any Performance Adjustment. For the month ending June 30, 2004, the Adviser will begin applying the Performance Adjustment as described herein, based upon the performance of the Fund relative to the performance of the Index during the 12-month period from July 1, 2003 through June 30, 2004. The 12-month comparison period will roll over with each succeeding month, so that it will always equal 12 months, ending with the month for which the performance incentive adjustment is being computed.

Performance Periods. For the period from July 1, 2003 through May 31, 2004, the Adviser Advisor will be paid at the Base Rate, without regard to any Performance Adjustment. For the month ending June 30, 2004, the Adviser Advisor will begin applying the Performance Adjustment as described herein, based upon the performance of the Fund relative to the performance of the Index during the 12-month period from July 1, 2003 through June 30, 2004. The 12-month comparison period will roll over with each succeeding month, so that it will always equal 12 months, ending with the month for which the performance incentive adjustment is being computed.

Performance Periods. For the period from July 1, 2003 through May October 31, 20042008 through August 31, 2009, the Adviser will be paid at the Base Rate, without regard to any Performance Adjustment. For the month ending June September 30, 20042009, the Adviser will begin applying the Performance Adjustment as described herein, based upon the performance of the Fund relative to the performance of the Index during the 12-month period from July October 1, 2003 2008 through June September 30, 2004. 2009, The 12-month comparison period will roll over with each succeeding month, so that it will always equal 12 months, ending with the month for which the performance incentive adjustment Performance Adjustment is being computed.

Performance Periods. For the period from July October 1, 2003 2008 through May 31September 30, 20042009, the Adviser will be paid at the Base Basic Fee Rate, without regard to any Performance Adjustment. For the month ending June 30October 31, 20042009, the Adviser will begin applying the Performance Adjustment as described herein, based upon the performance of the Fund relative to the performance of the Index during the 12-month period from July October 1, 2003 2008 through June September 30, 20042009. The 12-month comparison period will roll over with each succeeding month, so that it will always equal 12 months, ending with the month for which the performance incentive adjustment is being computed.