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 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. (a) 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 October 23, 1997 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 October 23, 1997 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. Trust. (b) This Agreement may be terminated at any time without the payment of any penalty by the Trustees of or by the Fund, by "vote of a majority of the outstanding voting securities securities" of the Value FundTrust, or by the Adviser, in each case on not more than sixty (60) days 60 days' nor less than thirty (30) days 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 party. This Agreement shall automatically terminate in the event of its "assignment. ." (c) 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 Trust. (except for any d) The terms "specifically approved at least annually," "vote of a majority of the outstanding voting securities," "assignment," "affiliated person," and "interested persons," when used in this Agreement, shall have the respective meanings specified in, and shall be construed in a manner consistent with, the 1940 Act, subject, however, to such amendment exemptions as may be effected in granted by the absence of such approval without violating 1940 United States Securities and Exchange Commission under said Act).

DURATION, TERMINATION AND AMENDMENT OF THIS AGREEMENT. 10.1 This Agreement shall not become effective on the date of its execution and shall govern the relations between the parties hereto thereaftereffective, and the Sub-Advisor shall remain in force not perform any services for or on behalf of the Advisor, unless and until two years after initial approval this Agreement is approved by the Board Board, including a majority of the Trustees who are not parties to this Agreement or interested persons of any such party to this Agreement, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of a majority of the outstanding voting securities of the Fund. This . 10.2 If approved as provided above, this Agreement shall continue in effect with respect for two years and from year to the Value Fund for successive annual periods after its effectiveness year thereafter, but only so long as such continuance is specifically approved at least annually either: (ia) 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 Board; or (iib) by the Board of Trustees of the Fund or by a vote of a majority of the outstanding voting securities of the Value Fund. The aforesaid requirement that In either event such continuance of this Agreement also must 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 Trustees who are not parties to this Agreement or interested persons of the Trust, the Advisor or the Sub-Advisor, cast in person at a meeting called for the purpose of voting on such approval. 10.3 This Agreement may, on sixty days' written notice, be terminated at any time, without the payment of any penalty, by the Advisor, the Board, by a vote of a majority of the Fund's outstanding voting securities of the Value Fund, 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. . 10.4 This Agreement shall automatically terminate in the event of its assignment. . 10.5 This Agreement may be amended shall automatically terminate in the event of the termination for any reason of the Investment Advisory Agreement relating to the Asset Allocation Fund by and between Aon Funds, a Delaware business trust and Aon Advisors, Inc., a Virginia corporation, dated March 1, 2002. 10.6 In interpreting the Adviser provisions of this Section 10, the definitions contained in Section 2(a) of the 1940 Act, particularly the definitions of "interested person" and the Sub-Adviser only if such amendment is approved by the vote of "assignment" and a "majority of the outstanding voting securities of the Value Fund (except for any such amendment as may securities," shall be effected in the absence of such approval without violating 1940 Act)applied.

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).