Common use of Method of Calculation Clause in Contracts

Method of Calculation. S.S. aging reports, the Transfer Agent will calculate an average number of business days past the established turnaround times for all research items past due during the month, and for purposes of such calculation shall exclude any item that does not fall under a category set forth in Schedule A or item overdue because of incomplete data maintained by a previous transfer agent, if any. (An item is considered past due if not accurately responded to in the prescribed time frame. If the Transfer Agent inaccurately or partially responds to an item, that item is deemed outstanding until a proper response is received by the Fund.) This average number shall be determined by multiplying daily each past due item times the number of days the item is past due, summing the daily products, and dividing the result by the total number of past due requests outstanding for the day. This daily average then will be averaged for the weeks during the month and compared to the schedule below to determine the total percentage credit to Per-Account Fees billed to the Funds for the month. This credit information would then be passed to Dreyfus' Mutual Fund Accounting Department for allocation to the Fund against the fees to be paid hereunder. Business Days Average Weekly Performance for Past 5 Day Turnaround Each Week with the Period Time 1 Wk. 2 Wks. 3Wks. 4Wks. 5Wks. 1 but less than 2 .02% .06% .14% .25% .39% 2 but less than 3 .06% .14% .25% .39% .56% 3 but less than 4 .14% .25% .39% .56% .75% 4 or more .25% .39% .56% .75% 1.00% Response rate is calculated by the total number of items responded to within the allowed response time divided by the number of items completed for the month. Schedule A 98% 97% 96% 95% 94% 93% % Credit 0.02% 0.08% 0.18% 0.33% 0.51% 0.73% Dispute rate is calculated by the total number of research items answered correctly divided by the total number of research items completed for the month. 95-96% 0.02% 0.06% 0.14% 0.25% 0.39% 94-95% 0.06% 0.14% 0.25% 0.39% 0.56% 93-94% 0.14% 0.25% 0.39% 0.56% 0.75% less than 93% 0.25% 0.39% 0.56% 0.75% 1.00% The Fund shall have the right to terminate this Agreement, upon the notice provided under the caption "General" in this Appendix D, if the Average Weekly Performance is greater than five business days: (1) for three consecutive weeks or, (2) for six weeks in any thirteen week period.

Method of Calculation. S.S. aging reports, the Transfer Agent will calculate an average number of business days past the established turnaround times for all research items past due during the month, and for purposes of such calculation shall exclude any item that does not fall under a category set forth in Schedule A or item overdue because of incomplete data maintained by a previous transfer agent, if any. (An item is considered past due if not accurately responded to in the prescribed time frame. If the Transfer Agent inaccurately or partially responds to an item, that item is deemed outstanding until a proper response is received by the Fund.) This average number shall be determined by multiplying daily each past due item times the number of days the item is past due, summing the daily products, and dividing the result by the total number of past due requests outstanding for the day. This daily average then will be averaged for the weeks during the th e month and compared to the schedule below to determine the total percentage credit to Per-Account Fees billed to the Funds for the month. This credit information would then be passed to Dreyfus' Mutual Fund Accounting Department for allocation to the Fund against the fees to be paid hereunder. Business Days Average Weekly Performance for Past 5 Day Turnaround Each Week with the Period Time 1 Wk. 2 Wks. 3Wks. 4Wks. 5Wks. 1 but less than 2 .02% .06% .14% .25% .39% 2 but less than 3 .06% .14% .25% .39% .56% 3 but less than 4 .14% .25% .39% .56% .75% 4 or more .25% .39% .56% .75% 1.00% Response rate is calculated by the total number of items responded to within the allowed response time divided by the number of items completed for the month. Schedule A 98% 97% 96% 95% 94% 93% % Credit 0.02% 0.08% 0.18% 0.33% 0.51% 0.73% Dispute rate is calculated by the total number of research items answered correctly divided by the total number of research items completed for the month. 95-96% 0.02% 0.06% 0.14% 0.25% 0.39% 94-95% 0.06% 0.14% 0.25% 0.39% 0.56% 93-94% 0.14% 0.25% 0.39% 0.56% 0.75% less than 93% 0.25% 0.39% 0.56% 0.75% 1.00% The Fund shall have the right to terminate this Agreement, upon the notice provided under the caption "General" in this Appendix D, if the Average Weekly Performance is greater than five business days: (1) for three consecutive weeks or, (2) for six weeks in any thirteen week period.