Incentive Threshold. The “Incentive Threshold” shall be determined as follows:
Incentive Threshold. The “Incentive Threshold” shall be determined as follows: (A) as of the Closing Date, the Incentive Threshold shall be equal to the sum of (x) Transferred LLC Interest Sale Price and (y) the amount of the Private Owner WCR Account Deposit (the “Incentive Threshold Base Amount”); and
Incentive Threshold. The term “Incentive Threshold” means, commencing in the second Fiscal Year and continuing for the remainder of the Term, for the applicable Fiscal Year an amount equal to one hundred five percent (105%) of the Approved Operating Budget for such Fiscal Year but less the Incentive Management Fee for such Fiscal Year.
