Guaranteed Variable Distributions Sample Clauses

Guaranteed Variable Distributions. Section 2(c) of each of the Partner Agreements is hereby amended by: (i) Substituting the amount “$2,000,000” for the amount “$2,200,000” where such latter amount appears in paragraph (ii) of such Section 2(c); and (ii) Adding the following new paragraph (iii) to the end of such Section 2(c): (iii) Guaranteed Total Amount Commencing with the 2019 Fiscal Year. Effective commencing with the 2019 Fiscal Year and each Fiscal Year thereafter during the Term and thereafter, the sum of the amount of the Limited Partner’s Variable Distribution in respect of each such Fiscal Year and the Quarterly Payments relating to each such Fiscal Year shall equal $2,000,000 (such annual amount in respect of each such Fiscal Year is referred to herein as a “Guaranteed Amount”). Unless otherwise determined in the sole discretion of the Chief Executive Officer, the portions of the Variable Distribution Performance Award Amount in respect of any Guaranteed Amount shall be distributed in the form of (i) Current Cash, representing 75% of the Minimum Annual Amount, and (ii) Deferred Cash Interests and an Annual RSU Award, representing in the aggregate 25% of the Guaranteed Amount, with the actual percentage for each of the Deferred Cash Interests and Annual RSU Award to be determined in the sole discretion of the Compensation Committee and the Chief Executive Officer.”