Common use of DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT Clause in Contracts

DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on the date of its execution and shall govern the relations between the parties hereto thereafter, and shall remain in force until two years after initial approval by the Board of Trustees of the Fund. This Agreement shall continue in effect with respect to the Value Fund for successive annual periods after its effectiveness so long as such continuance is specifically approved at least annually (i) by the vote of a majority of the Board of Trustees of the Fund who are not interested persons of the Fund, or of the Adviser, or of the Sub-Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Value Fund. The aforesaid requirement that continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and all rules, regulations and orders thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees of the Fund, by vote of a majority of the outstanding voting securities of the Value Fund, or by the Adviser, on not more than sixty (60) days nor less than thirty (30) days written notice to the Sub-Advisor. This Agreement may be terminated by the Sub-Adviser on not less than ninety (90) days notice to the Trustees of the Fund and the Adviser. This Agreement shall automatically terminate in the event of its assignment. This Agreement may be amended by the Adviser and the Sub-Adviser only if such amendment is approved by the vote of a majority of the outstanding voting securities of the Value Fund (except for any such amendment as may be effected in the absence of such approval without violating 1940 Act).

DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on the date of its execution and shall govern the relations between the parties hereto thereafter, and shall remain in force until two years after initial approval by the Board of Trustees of the Fund. This Agreement shall continue in effect November 17, 1999 on which date it will terminate with respect to the Value Fund for successive annual periods a Portfolio, unless its continuance after its effectiveness so long as such continuance that date is specifically approved at least annually (i) by the vote of a majority of the Board of Trustees of the Fund Trust who are not interested persons of the FundTrust, or of the Adviser, or of the Sub-Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the Fund Trust or by vote of a majority of the outstanding voting securities of the Value FundPortfolio. The aforesaid requirement that continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the Investment Company Act of 1940 Act and all rules, regulations and orders thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees of the FundTrust, by vote of a majority of the outstanding voting securities of the Value FundTrust, by the Adviser or by the Sub-Adviser, on not more than sixty (60) days nor less than thirty (30) days written notice to the Sub-Advisor. This Agreement may be terminated by the Sub-Adviser on not less than ninety (90) days notice to the Trustees of the Fund and the Adviserother parties. This Agreement shall automatically terminate in the event of its assignment. This Agreement may be amended by the Adviser and the Sub-Adviser with respect to a Portfolio only if such amendment is approved by the vote of a majority of the outstanding voting securities of that Portfolio, by the Value Fund (except for any Adviser and by the Sub-Adviser. The terms "assignment," "affiliated person," "interested person," and "majority of the outstanding voting securities" when used in this Agreement shall have the respective meanings specified in the Investment Company Act of 1940 and the rules, regulations and orders thereunder, subject, however, to such amendment exemptions as may be effected in granted by the absence of such approval without violating 1940 Securities and Exchange Commission under said Act).. ARTICLE 7:

DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on the date of its execution first above written and shall govern the relations between the parties hereto thereafter, and shall remain in force until two years after initial approval by the Board of Trustees of the Fund. This Agreement shall continue in effect with respect to the Value Fund for successive annual periods until August 1, 1994 on which date it will terminate with respect to the Fund unless its continuance after its effectiveness so long as such continuance August 1, 1994 is "specifically approved at least annually annually" (i) by the vote of a majority of the Board of Trustees of the Fund Trust who are not "interested persons persons" of the Fund, Trust or of the Adviser, or of the Sub-Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the Fund Trust, or by "vote of a majority of the outstanding voting securities securities" of the Value Fund. The aforesaid requirement that continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and all rules, regulations and orders thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees of the Fund, or by "vote of a majority of the outstanding voting securities securities" of the Value Fund, or by the Adviser, in each case on not more than sixty (60) days days' nor less than thirty (30) days days' written notice to the Sub-Advisor. This Agreement may be terminated by the Sub-Adviser on not less than ninety (90) days notice to the Trustees of the Fund and the Adviserother party. This Agreement shall automatically terminate in the event of its "assignment. ." This Agreement may be amended by the Adviser and the Sub-Adviser only if such amendment agreement is approved by the "vote of a majority of the outstanding voting securities securities" of the Value Fund (except for any Fund. The terms "specifically approved at least annually," "vote of a majority of the outstanding voting securities" of the Fund, "assignment," "affiliated person," and "interested person," when used in this Agreement, shall have the respective meanings specified, and shall be construed in a manner consistent with, the 1940 Act and the Rules and Regulations thereunder, subject, however, to such amendment exemptions as may be effected in granted by the absence of such approval without violating 1940 Securities and Exchange Commission under said Act).

DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on the date day of its execution and shall govern the relations between the parties hereto thereafter, and shall remain in force until two years August 1, 1983 on which date it will terminate unless its continuance after initial approval by the Board of Trustees of the Fund. This Agreement shall continue in effect with respect to the Value Fund for successive annual periods after its effectiveness so long as such continuance August 1, 1983 is "specifically approved at least annually annually" (i) by the vote of a majority of the Board of Trustees of the Fund Trust who are not interested persons of the Fund, Trust or of the Adviser, or of the Sub-Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the Fund Trust, or by "vote of a majority of the outstanding voting securities of the Value Fund. The aforesaid requirement that continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the Investment Company Act of 1940 Act and all rules, regulations the Rules and orders Regulations thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees of the Fund, or by vote of a majority of the outstanding voting securities of the Value Fund, or by the Adviser, on not more than sixty (60) days days' nor less than thirty (30) days days' written notice to the Sub-Advisor. This Agreement may be terminated by the Sub-Adviser on not less than ninety (90) days notice to the Trustees of the Fund and the Adviserother party. This Agreement shall automatically terminate in the event of its assignment. This Agreement may be amended by the Adviser and the Sub-Adviser only if such amendment is approved by the vote of a majority of the outstanding voting securities of the Value Fund (except for any Fund. The terms "vote of a majority of the outstanding voting securities", "assignment," "affiliated person," and "interested person," when used in this Agreement, shall have the respective meanings specified in the Investment Company Act of 1940 and the Rules and Regulations thereunder, subject, however, to such amendment exemptions as may be effected in granted by the absence of such approval without violating 1940 Securities and Exchange Commission under said Act).

DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. This Agreement shall become effective on as of the date of its execution day and year first above written and shall govern the relations between the parties hereto thereafter, and shall remain in force until two years after initial approval by the Board of Trustees of the Fund. This Agreement shall continue in effect with respect to the Value Fund for successive annual periods until August 1, 1994 on which date it will terminate with respect to the Fund unless its continuance after its effectiveness so long as such continuance August 1, 1994 is "specifically approved at least annually annually" (i) by the vote of a majority of the Board of Trustees of the Fund Trust who are not "interested persons persons" of the Fund, Trust or of the Adviser, or of the Sub-Adviser at a meeting specifically called for the purpose of voting on such approval, and (ii) by the Board of Trustees of the Fund Trust, or by "vote of a majority of the outstanding voting securities securities" of the Value Fund. The aforesaid requirement that continuance of this Agreement be "specifically approved at least annually" shall be construed in a manner consistent with the 1940 Act and all rules, regulations and orders thereunder. This Agreement may be terminated at any time without the payment of any penalty by the Trustees of the Fund, or by "vote of a majority of the outstanding voting securities securities" of the Value Fund, or by the Adviser, in each case on not more than sixty (60) days days' nor less than thirty (30) days days' written notice to the Sub-Advisor. This Agreement may be terminated by the Sub-Adviser on not less than ninety (90) days notice to the Trustees of the Fund and the Adviserother party. This Agreement shall automatically terminate in the event of its "assignment. ." This Agreement may be amended by the Adviser and the Sub-Adviser only if such amendment is approved by the "vote of a majority of the outstanding voting securities securities" of the Value Fund (except for any Fund. The terms "specifically approved at least annually," "vote of a majority of the outstanding voting securities," "assignment," "affiliated person," and "interested person," when used in this Agreement, shall have the respective meanings specified, and shall be construed in a manner consistent with, the Investment Company Act of 1940 and the Rules and Regulations promulgated thereunder, subject, however, to such amendment exemptions as may be effected in granted by the absence of such approval without violating 1940 Securities and Exchange Commission under said Act).