Annual Incentive Fee. Subject to (1) a minimum annual Distributions being made to Shareholders from CAD of $1.45 per Share AND (2) the Company achieving at least annual Adjusted Funds From Operations per share of $1.60, excluding non-cash gains or losses due to the recording of fair value xxxxxx (net of the Annual Incentive Fee), the Advisor shall be entitled to receive incentive compensation for each fiscal year in an amount equal to the product of:
Annual Incentive Fee a. The Manager shall be eligible to receive an annual Incentive Fee up to 1.5% of Gross Receipts payable within 30 days after the end of any Contract Year upon verification of performance exceeding agreed upon targets in the following areas. Goals for incentive will be developed cooperatively between the Manager and the Director prior to the beginning of each Contract Year. If the goals have been met, the Incentive Fee shall be paid within 30 days following the end of the Contract Year or within 30 days following documentation and approval of goal achievement, whichever is later. The Director will have final authority to determine the actual measurement and targets for each Contract Year. The goals will be based upon end of Contract Year verification of performance exceeding agreed upon targets in the following areas:
Annual Incentive Fee. (a) The "
Annual Incentive Fee. In addition to the Base Fee provided for in Section 3.1 hereof, Cerro Rico shall be eligible for an annual incentive fee (the “Annual Incentive Fee”). The amount to be awarded each year is subject to the discretion of the Board based on its assessment of Cerro Rico’s and the Designated Employee’s performance during each fiscal year of the Company. Such Annual Incentive Fee may be satisfied in whole or in part by payments from the Company’s subsidiaries and may be payable in shares of the Company at the option of the Board.
Annual Incentive Fee. (a) At the end of each Contract Year, Manager shall be entitled to receive an incentive (the “Annual Incentive Fee”) from Company based on performance factors.
Annual Incentive Fee. Subject to a minimum annual Distributions being made to Shareholders from CAD of $1.45 per Share, the Advisor shall be entitled to receive incentive compensation for each fiscal year in an amount equal to the product of (A) 25% of the dollar amount by which (1)(a) Funds From Operations of the Company (before the Annual Incentive Fee) per Share (based on the weighted average number of Shares outstanding) plus (b) gains (or minus losses) from debt restructuring and sales of property per Share (based on the weighted average number of Shares outstanding), exceed (2) an amount equal to (a) the weighted average of the price per Share of the initial offering (i.e. $20 per Share) and the prices per Share of any secondary offerings by the Company multiplied by (b) the Ten-Year U.S. Treasury Rate plus two percent per annum multiplied by (B) the weighted average number of Shares outstanding during such fiscal year. For any period less than a fiscal year during which this Agreement is in effect, the Annual Incentive Fee will be prorated according to the proportion which such period bears to a full fiscal year.
Annual Incentive Fee. Within 60 days after the end of each fiscal year of NPL, NPL shall pay Moto an Annual Incentive Fee which shall be an amount equal to 33-1/3% of Cash Generated. For purposes of the Annual Incentive Fee, "Cash Generated" means, and is calculated for each fiscal year of NPL, as follows: Net Revenues, less all operating expenses exclusive of depreciation, less principal and interest payments, whether paid or accrued.
Annual Incentive Fee. In addition to the Base Fee provided for in Section 3.1 hereof, Xxxx Xxxxx shall be eligible for an annual incentive fee (the “Annual Incentive Fee”). The amount to be awarded each year is subject to the discretion of the Board based on its assessment of Xxxx Xxxxx’x and the Designated Employees’ performance during each fiscal year of the Company. Such Annual Incentive Fee may be satisfied in whole or in part by payments from the Company’s subsidiaries and may be payable in shares of the Company at the option of the Board.
Annual Incentive Fee. In addition to the Base Fee provided for in Section 3.1 hereof, Rangefront shall be eligible for an annual incentive fee (the “Annual Incentive Fee”). The amount to be awarded each year is subject to the discretion of the Board based on its assessment of Rangefront’s and the Designated Employee’s performance during each fiscal year of the Company. Such Annual Incentive Fee may be satisfied in whole or in part by payments from the Company’s subsidiaries and may be payable in shares of the Company at the option of the Board.
Annual Incentive Fee. In addition to the Base Fee provided for in Section 3.1 hereof, Eagle Putt shall be eligible for an annual incentive fee (the “Annual Incentive Fee”). The amount to be awarded each year is subject to the discretion of the Board based on its assessment of Eagle Putt’s and the Designated Employee’s performance during each fiscal year of the Company. Such Annual Incentive Fee may be satisfied in whole or in part by payments from the Company’s subsidiaries and may be payable in shares of the Company at the option of the Board.
