Early Investment Incentive Sample Clauses

Early Investment Incentive. The Fund is offering to such Early Investors an Early Investment Incentive upon the following terms and conditions: (a) For Investors who subscribe to the Fund between October 1, 2006 and November 17, 2006 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $12,000 per $150,000 Share. (b) For Investors who subscribe to the Fund between November 18, 2006 and December 22, 2006 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $6,000 per $150,000 Share. (c) Investors who subscribe to the Fund on or after December 22, 2006 shall not be entitled to, nor shall they receive, an Early Investment Incentive. (d) The Manager anticipates that the Early Investment Incentive, as described herein, shall be paid either monthly or quarterly and begin when the Manager determines that the Fund has sufficient cash flow from operations. The Manager will continue such payments, as described herein until the Early Investment Incentive to Investors entitled to such Early Investment Incentive has been paid in full. Thereafter, all Investors share in distributions of the Fund in accordance with their individual ownership percentage. (e) Other than any right to receive an Early Investment Incentive, all other rights, privileges and obligations of Investors of the Fund shall remain as described in this Agreement. Except for an Early Investment Incentive, as described herein, all Investors have equal rights as described in this Agreement.
Sample 1See All (6)
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Early Investment Incentive. The Manager at any time during this Offering may have opportunities to invest in economically promising transactions for the Fund. The Manager is currently investigating such a transaction that would require an investment by the Fund potentially as early as September of 2005. Early Investors who provide capital to the Fund to acquire such Projects, which ultimately provide benefits to all Fund Investors, will receive an incremental benefit. The Fund is offering to such Early Investors an Early Investment Incentive upon the following terms and conditions: o For Investors who subscribe to the Fund between September 6, 2005 and October 14, 2005 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $10,000 per $150,000 Share. o Investors who subscribe to the Fund after October 14, 2005 shall not be entitled to, nor shall they receive, an Early Investment Incentive. o The Manager anticipates that the Early Investment Incentive, as described herein, shall be paid either monthly or quarterly and begin when the Manager determines that the Fund has sufficient cash flow. The Manager will continue such payments, as described herein until the Early Investment Incentive to Investors entitled to such early Investment Incentive has been paid in full. Thereafter, all Investors share in distributions of the Fund in accordance with their individual ownership percentage. o Other than any right to receive an Early Investment Incentive, all other rights, privileges and obligations of Investors of the Fund shall remain as described herein. Except for an Early Investment Incentive, as described herein, all Investors have equal rights as described in this Memorandum and set forth in the LLC Agreement. Voluntary Additional Capital Contributions and Supplemental Offering of Shares ------------------------------------------------------------------------------ The LLC Agreement does not provide for any mandatory assessments of capital from Investors. This means that the Fund cannot require any Investor to contribute more money after such Investor completes his subscription and pays his initial Capital Contributions. The Fund anticipates that the net funds to be raised by this Offering will be adequate to pay and provide sufficient reserves for the Fund's share of all costs of acquiring, drilling and completing the Projects described in this Memorandum. However, if the Fund should require additional cash in the future for ce...
Sample 1See All (4)
Early Investment Incentive. The Fund is offering to such Early Investors an Early Investment Incentive upon the following terms and conditions: (a) For Investors who subscribe to the Fund no later than March 31, 2005 ("March Investors") and have fully paid their Capital Contribution shall receive an Early Investment Incentive equal to $10,000 per $150,000 Share. (b) For Investors who subscribe to the Fund between April 1, 2005 and April 30, 2005 ("April Investors") and have fully paid their Capital Contribution shall receive an Early Investment Incentive equal to $5,000 per $150,000 Share. (c) Investors who subscribe to the Fund after April 30, 2005 shall not be entitled to, nor shall they receive, an Early Investment Incentive. (d) The Manager anticipates that the Early Investment Incentive, as described herein, shall be paid either monthly or quarterly and shall be paid to both March Investors and April Investors simultaneously. March Investors shall receive a payment twice as large as that paid to April Investors for each payment period. The Manager will continue such payments, as described herein until the Early Investment Incentive to both March Investors and April Investors has been paid in full. Thereafter, all Investors share equally in distributions of the Fund in accordance with their individual ownership percentage. (e) Other than any right to receive an Early Investment Incentive, all other rights, privileges and obligations of Investors of the Fund shall remain as described herein. Therefore, except for an Early Investment Incentive, March Investors, April Investors and all other Investors have equal rights as described in this Agreement.
Sample 1

Related to Early Investment Incentive

  • Retirement Incentive a) If an employee gives the Board an irrevocable notice of retirement by February 1st four (4) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining four (4) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st three (3) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining three (3) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st two (2) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining two (2) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st one (1) year prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for his/her remaining year of service. Once an employee submits an irrevocable notice of retirement by February 1st, that employee shall be removed from the salary schedule contained in Article IX of this Agreement. All calculations for increased TRS creditable earnings will be based on the TRS creditable earnings in the year prior to the submission of the irrevocable notice of retirement. Once the employee submits an irrevocable notice of retirement an employee’s creditable earnings shall be increased by six percent (6%) of the previous year, but in no case will the employee’s TRS creditable earnings increase exceed six percent (6%) of the previous year. If, after submitting an irrevocable notice of retirement by February 1st, the employee resigns from, or is dismissed from duties for which the employee was paid a stipend or additional compensation the previous year, the retirement incentive for that employee will be recalculated accordingly. b) To be eligible, an employee must submit an irrevocable notice of retirement by February 1st which must be accompanied by a Teachers’ Retirement System (TRS) member requested “Personal Statement of Benefits” and a “Benefit Estimate” confirmation of total years of service. An employee with ten (10) years of full-time service with Neoga C.U.S.D. No. 3 is considered to be eligible for the retirement incentive by meeting one of the following conditions at the time of retirement: 1) The employee is sixty (60) years of age and has ten (10) years of creditable TRS service. 2) The employee is at least fifty-five (55) years of age and has thirty- five (35) years of creditable TRS service. c) If, during the term of this Agreement, any legislation and/or TRS rules/regulations are enacted or not reenacted and/or adopted or amended that result in a greater cost to the District than the costs generated by this Agreement, or that change the definition of what is subject to the 6% TRS cap, the parties agree that this Section shall be null and void and upon the demand of any party shall meet to bargain language to succeed this paragraph.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Equity Incentive Subject to the terms of any applicable agreement, [a] the Executive may exercise any outstanding stock options that are vested when the Executive became Disabled and [b] those that would have been vested on the last day of the fiscal year during which the Executive becomes Disabled if the Executive had not become Disabled.

  • Educational Incentive For those employees receiving educational incentive payment at the time of layoff, upon re-employment, such employees shall be eligible to receive educational incentive.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Equity Award The Executive will be eligible to receive equity awards, if any, at such times and on such terms and conditions as the Board shall, in its sole discretion, determine.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Equity Incentive Compensation Upon the Closing, each incentive award in respect of the common stock of Seller Parent (a “Seller Parent Equity Award”) held by a Transferred Employee shall become vested or eligible to vest (subject to the satisfaction of any applicable performance goals) in a prorated amount, determined based on the number of days in the applicable vesting period elapsed as of the Closing Date. Effective as of the Closing, Purchaser or its Affiliates shall grant to each Transferred Employee an equity- or cash-based incentive award (a “Make-Whole Award”) with a grant date fair value that is no less favorable than the value of the portion of the Seller Parent Equity Awards forfeited by the Transferred Employee in connection with the Closing (which forfeited amount shall be disclosed to Purchaser Parent no later than five (5) Business Days prior to the Closing), which Make-Whole Award shall have terms and conditions that are no less favorable than the terms and conditions (including vesting schedule and accelerated vesting terms) that were applicable to the corresponding Seller Parent Equity Award. In the event that the post-Closing transfer of a Delayed Transfer Employee results in a larger portion of the Seller Parent Equity Awards held by such Delayed Transfer Employee becoming vested upon such Delayed Transfer Employee’s transfer of employment than if the employment of such Delayed Transfer Employee had transferred upon the Closing, then the incremental cost of such additional vesting (which cost shall be measured based on the taxable income the Delayed Transfer Employee either realized or would have realized had such awards been settled or exercised upon such Delayed Transfer Employee’s transfer of employment to Purchaser or its Subsidiaries) shall be considered Purchaser Assumed Employee Liabilities.

  • Education Incentive A. The following monthly education incentive pay will be paid to each employee upon completing the listed degree and providing proof of completion to the Agency. Associate Degree Two percent (2%) Bachelor Degree Four percent (4%) B. The above percentages will be based upon the employee’s base rate of pay. C. An employee will be entitled to one (1) education incentive pay only. D. Degrees must be from an accredited institution of higher education.

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