Performance Bonus definition

Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

Performance Bonus means the cash bonus which may be granted to Eligible Employees under Article IX of the Plan.

Performance Bonus shall have the meaning given to that term in Section 4(d) hereof.

Examples of Performance Bonus in a sentence

• The allocation of the Bonus to the various milestones and the terms on which the Performance Bonus will be earned will be set by the Board in its sole discretion.

• The Performance Bonus will be earned by the achievement of one or more milestones to be set each year by the Board.

• The Performance Bonus will be paid on or before March 15 of the year following the year in which it is earned.

• If the Board does not pass a resolution establishing milestones and the allocation of the Performance Bonus by the end of the first quarter of any calendar year, the Performance Bonus for that year will be a discretionary Bonus.

• Accrued Obligations, the Pro- Rata Performance Bonus Payment, and Pro-Rata Incentive Payment shall be paid to the Executive’s estate or beneficiary, as applicable, in a lump sum in cash within sixty 60 days of the Date of Termination, and the payment in respect of the Retiree Coverage (which will be in addition to any rights to COBRA Coverage) shall be paid as soon as reasonably practicable following the Executive’s death but in no event later than the end of the COBRA Coverage period.

More Definitions of Performance Bonus

Performance Bonus is defined in section 4(b). ------------

Performance Bonus means the bonus which may be granted to Eligible Employees under Article X of this Plan.

Performance Bonus means any portion of the bonus awarded to Employee under the Annual Incentive Program in which the Employee may elect to take in the form of cash, and which shall not include the Incentive Bonus.

Performance Bonus means a performance bonus payable on a per Unit basis by the Partnership to the Manager in an amount equal to 20% (plus applicable taxes) of the amount by which the Net Asset Value per Unit on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus any distributions per Unit paid during the period commencing on the date of the Initial Closing and ending on the Performance Bonus Date exceeds $1,120.

Performance Bonus means an award denominated in cash or Shares that is made under Section 6(c)(ii) of the Plan and that is paid solely on account of the attainment of one or more specified performance targets in relation to one or more Performance Measures.

Performance Bonus the annual performance based bonus to which the Executive may be entitled pursuant to Clause 5.1.2;

Performance Bonus has the meaning set forth in Section 13.3.