Annual Incentive Fee Sample Clauses

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 hxxxxx (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) 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. (b) The annual performance targets for the initial Contract Year are as set forth in and calculated in accordance with Schedule G of this Agreement, as specified by Sumitomo in consultation with Manager prior to the Closing Date (the “Annual Performance Targets”). For each subsequent Contract Year, Manager shall propose Annual Performance Targets in conjunction with the Program and Budget in accordance with Section 2.5(b), to be approved by Company at the time that the Program and Budget for such year is approved. (c) The Annual Incentive Fee for any Contract Year shall not exceed US$1,500,000; provided, however, that the Annual Incentive Fee for the first Contract Year, which period ends on December 31, 2009, shall not exceed US$1,125,000. (d) Within forty-five (45) days after the end of each Contract Year, Manager shall present to Company its calculation of the Annual Incentive Fee. Company shall have thirty (30) days to respond to Manager after it has received Manager’s calculation of the Annual Incentive Fee. Delivery of the Annual Incentive Fee calculation by Manager and response by Company to Manager may be made by electronic transmission via email with a notation in the subject line “MSC Annual Incentive Fee — Formal Notice of Calculation” and shall be effective, provided that such communication be followed by facsimile transmission within three (3) Business Days after the delivery of such electronic communication. (e) Unless within thirty (30) days after the delivery to Company of the Annual Incentive Fee calculation, Company delivers to Manager a notice setting forth, in reasonable detail, any dispute as to the Annual Incentive Fee and the basis for such dispute (a “Dispute Notice”), the Annual Incentive Fee shall be deemed accepted by Company. (f) All undisputed amounts to be paid pursuant to this Section 4.4 shall be paid by Company within thirty (30) days after delivery by Manager to Company of its calculation of the Annual Incentive Fee in accordance with the current Annual Performance Targets. (g) For fifteen (15) days after delivery of a Dispute Notice, Company and Manager shall endeavor in good faith to resolve by mutual agreement all matters in the Dispute Notice. If the Parties are unable to resolve any matter in the Dispute Notice within such fifteen (15) day period, Company and M...

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.

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: (i) Targeted Financial Performance: Manager will be eligible for up to fifty percent (50%) of the annual Incentive Fee for meeting defined financial performance criteria to include managing operating cost, pricing, and overhead to achieve an agreed upon operating margin, which in no event shall be less than 10% (the “Required Operating Margin”), as set forth in Section 7.2.1 hereof. (ii) Sustainability: Manager will be eligible for up to fifteen percent (15%) of the annual Incentive Fee for meeting annual sustainability goals to include diversion rate, water use minimization, waste minimization, maintenance and use of West Facility Roof-top planting area, and/or other goals as defined for each Contract Year, as set forth in Section 7.2.2 hereof.

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. 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. 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 (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: (A) 25% of the dollar amount by which (1) Adjusted Funds From Operations of the Company (before the Annual Incentive Fee) per Share (based on the weighted average number of Shares outstanding) exceed (2) an amount equal to the greater of: (i) the weighted average of (x) $20 (the price per Share the initial public offering) and (y) the prices per Share of any secondary offerings by the Company multiplied by (ii) the Ten-Year U.S. Treasury Rate plus 2% per annum; and 76 (b) $1.45 multiplied by (B) the weighted average number of Shares outstanding during such year.

Annual Incentive Fee. Advisor shall be entitled to receive incentive compensation for each fiscal year in an amount equal: 25% of the dollar amount by which (1) Adjusted Funds From Operations of the Company (before the Annual Incentive Fee) per Share (based on the weighted average number of Shares outstanding), excluding non-cash gains or losses due to the recording of fair value hxxxxx exceeds (2) the weighted average of (x) $20 (the price per Share of the Company’s initial public offering) and (y) the prices per Share of any follow-on offerings by the Company multiplied by the greater of (A) 9.0%; and (B) the Ten-Year U.S. Treasury Rate plus 2% per annum, multiplied by the weighted average number of Shares outstanding during such year. Subject to any restrictions on the number of Shares that may be held by Advisor pursuant to the Company’s governing documents or law, a minimum of ten percent (10%) and a maximum of fifty percent (50%) of the Annual Incentive Fee, as established by the Board of Trustees of the Company in its sole discretion, may be paid in Shares using the Fair Market Value of the Shares as of the due date (without extension) of the Company’s Annual Report on Form 10-K for the fiscal year in question.

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.