Advisory Agreement Renewal between Universal Health Realty Income Trust and UHS of Delaware, Inc. (2006)
Universal Health Realty Income Trust and UHS of Delaware, Inc. have agreed to renew their existing Advisory Agreement for another year, until December 31, 2006. The renewal keeps all previous terms and conditions unchanged. The agreement was authorized by the Trust's Board of Trustees and accepted by UHS of Delaware, Inc. Both parties are expected to continue their advisory relationship under the same terms as before.
Exhibit 10.3
December 30, 2005
Mr. Alan B. Miller
President
UHS of Delaware, Inc.
367 South Gulph Road
King of Prussia, PA 19406
Dear Alan:
The Board of Trustees of Universal Health Realty Income Trust, at their December 1, 2005 meeting, authorized the renewal of the current Advisory Agreement between the Trust and UHS of Delaware, Inc. (“Agreement”) upon the same terms and conditions.
This letter constitutes the Trust’s offer to renew the Agreement, until December 31, 2006, upon the same terms and conditions. Please acknowledge UHS of Delaware’s acceptance of this offer by signing in the space provided below and returning one copy of this letter to me.
| Sincerely, |
| /S/ CHARLES F. BOYLE |
| Charles F. Boyle |
| Vice President and |
| Chief Financial Officer |
| cc: | Warren J. Nimetz, Esq. |
| Cheryl K. Ramagano |
Agreed to and Accepted:
| UHS OF DELAWARE, INC. | ||
| By: | /S/ ALAN B. MILLER | |
| Alan B. Miller, President | ||
