Common use of Benefit Payment Date Clause in Contracts

Benefit Payment Date. Payment of the value attributable to your Incentive Units will be paid in cash on the date the Disposition Event occurs. The value of each Incentive Unit will be the value of the Incentive Bonus Pool divided by the total outstanding Incentive Units awarded under the Plan. To the extent that any portion of the Investor Disposition Proceeds is contingent or is paid to the Investors as additional consideration after the closing date of the Disposition Event, any additional allocation to and distribution from the Incentive Bonus Pool will occur at the same time as the Investors receive any such additional Investor Disposition Proceeds; provided that any portion of the Investor Disposition Proceeds paid after the fifth anniversary of the closing date of the Disposition Event will not be added to the Incentive Bonus Pool or paid to you. The allocation of amounts to the Incentive Bonus Pool is contingent on (1) the occurrence of a Disposition Event and (2) the receipt of Investor Disposition Proceeds in excess of the Performance Return Threshold set forth in the Plan.

Benefit Payment Date. Payment of the value attributable to your Incentive Units will be paid in cash on the date the Disposition Event occurs. The value of each Incentive Unit will be the value of the Incentive Bonus Pool divided by the total outstanding Incentive Units awarded under the Plan. To the extent that any portion of the Investor Disposition Proceeds is contingent or is paid to the Investors as additional consideration after the closing date of the Disposition Event, any additional allocation to and distribution from the Incentive Bonus Pool will occur at the same time as the Investors receive any such additional Investor Disposition Proceeds; provided that any portion of the Investor Disposition Proceeds paid after the fifth anniversary of the closing date of the Disposition Event will not be added to the Incentive Bonus Pool or paid to you. The allocation of amounts to the Incentive Bonus Pool is contingent on (1) the occurrence of a Disposition Event and (2) the receipt of Investor Disposition Proceeds in excess of the Performance Return Threshold set forth in the Plan.on