Advisory Agreement Renewal between Universal Health Realty Income Trust and UHS of Delaware, Inc. (2004)
Universal Health Realty Income Trust is renewing its Advisory Agreement with UHS of Delaware, Inc. for another year, effective January 1, 2004, and ending December 31, 2004. The renewal keeps all terms and conditions the same as the previous agreement. UHS of Delaware, Inc. must accept the renewal by signing and returning the letter. This agreement outlines the continued advisory relationship between the two parties for the specified period.
Exhibit 10.3
December 31, 2003
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, 2003 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, 2004, 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,
Charles F. Boyle
Vice President,
Chief Financial Officer and
Controller
| cc: | Warren J. Nimetz, Esq. |
Cheryl K. Ramagano
Agreed to and Accepted:
UHS OF DELAWARE, INC.
| By: | ||
| Alan B. Miller, President | ||
