Incentive Period. The Incentive Period, which may be composed of one or more consecutive fiscal periods, generally corresponds to a fiscal year, but may vary with respect to Members. An Incentive Period may be composed of one or more consecutive fiscal periods.
Appears in 31 contracts
Samples: Limited Liability Company Agreement (PNC Absolute Return Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies Fund LLC), Limited Liability Company Agreement (PNC Long-Short TEDI Fund LLC)
Incentive Period. The Incentive Period, which may be composed of one or more consecutive fiscal periods, generally corresponds to a fiscal year, but may vary with respect to Members. An Incentive Period may be composed compsed of one or more consecutive fiscal periods.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Mercantile Small Cap Manager Fund LLC)
