Management Incentive Fee Sample Clauses

Management Incentive Fee. You will be eligible to earn an annual management incentive fee in the amount of $32,495.00 (prorated for calendar year 2014), less standard payroll deductions and tax withholdings (“Management Incentive Fee”). Any Management Incentive Fee earned shall be paid in the final payroll period of the applicable calendar year and in accordance with the Company’s customary payroll procedures; provided, that you must remain an employee in good standing of the Company on the scheduled payment date in order to earn a Management Incentive Fee for such year. Award of a Management Incentive Fee is not guaranteed in any year and it may be suspended at any time in its entirety or for any year in the discretion of the Board based upon the Company’s financial performance, liquidity position and/or otherwise to comply with certain lender requirements.
Sample 1
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Management Incentive Fee. Under the Partnership Agreement, for each quarter for which QR Energy has paid distributions that equal or exceed 115% of the minimum quarterly distribution (the “Target Distribution”), the General Partner will be entitled to a quarterly management incentive fee, payable in cash, equal to of 0.25% of the Gross Management Incentive Fee Base (as defined below), or if a Conversion Election has previously been made, the “Adjusted Management Incentive Fee Base” as further described in Sections 4.7 4.8, 4.9 and 4.10 below. The “Gross Management Fee Base” is an amount equal to the sum of (i) the future net revenue of QR Energy’s estimated proved oil and natural gas reserves, discounted to present value at 10% per annum based on SEC methodology, which is calculated using the unweighted arithmetic average of the first-day-of-the-month price for each month within the applicable twelve-month period, adjusted for QR Energy’s commodity derivative contracts, and (ii) the fair market value of QR Energy’s assets, other QR Energy’s estimated oil and natural gas reserves and its commodity derivative contracts, that principally produce qualifying income for federal income tax purposes, at such value as may be agreed upon by the General Partner and the conflicts committee of the General Partner’s Board of Directors.
Sample 1
Management Incentive Fee. An amount (the "MANAGEMENT INCENTIVE FEE"), for each fiscal year during the Term, commencing with the fiscal year ending September 30, 2004 and pro-rated for any fiscal year which is less than a full fiscal year, equal to Sixteen and Six-Tenths Percent (16.6%) of the amount by which EBITDA for such fiscal year exceeds Six Million Dollars ($6,000,000); provided, however, that for the period of January 1, 2005 to September 30, 2005, the Management Incentive Fee shall be equal to Sixteen and Six-Tenths Percent (16.6%) of the amount by which EBITDA for such fiscal period exceeds Four Million Five Hundred Thousand Dollars ($4,500,000). For purposes of this Agreement, "EBITDA" means, for any period of computation thereof, the sum of (i) KES' Net Income (defined below) for such period, plus (ii) the aggregate amount (without duplication) of (A) taxes imposed on, or measured by, income or excess profits, (B) interest charges for such period accrued on or with respect to all indebtedness or other obligations of KES for money borrowed, including, without limitation, capitalized lease obligations, letter of credit reimbursement obligations and guaranty fees, and (C) depreciation and amortization for such period, in each case accrued for such period by KES. For purposes of this Agreement "NET INCOME" means, with respect to KES for any period of computation thereof, the net income (or loss) of KES for such period; provided, however, that the following items shall be excluded when determining net income: (i) any item of gain or loss resulting from the sale, conversion or other disposition of plant, property, and equipment, (ii) gains or losses on the acquisition, retirement, sale or other disposition of equity interests in and other securities of KES, (iii) any write up of any asset, (iv) any other net gains or losses of an extraordinary nature as determined in accordance with United States Generally Accepted Accounting Principles ("GAAP"), consistently applied and (v) any earnings attributable to the amortization of negative good will. The audited financial statements of KES shall be used to determine EBITDA. Any amount owed as a Management Incentive Fee in any year will be paid within ten (10) business days after the completion of the audit of KES' books for such fiscal year. Notwithstanding any other provision herein to the contrary, KES shall exercise its commercially reasonable efforts to complete its audit as soon as practicable following the end of each fiscal ye...
Sample 1
Management Incentive Fee. In order to encourage the Manager to grow revenues at the Facility, an incentive program will provide additional compensation over the Base Management Fee, as further set forth in the Pro Forma (“Management Incentive Fee”). During each Operating Year, Owner shall pay to Manager a Management Incentive Fee equal to five percent (5%) of the total gross revenues for revenues which exceed $250,000 of the Love Hatbox Sports Complex and five percent (5%) of the total gross revenues for revenues which exceed current (2014) gross revenue of the aquatics center. The Management Incentive Fee will be payable in monthly installments on the first (1st) day of each month, beginning with the month following the month in which Facility revenues exceed the amounts described in the annual forecast from the budget. The payments to Manager shall not begin until the total revenues exceed the amounts described in the annual forecast from the budget. Any Management Incentive Fee payments shall be determined on accrual-based accounting so that the Manager is paid following the month in which an event takes place, not during the month when a deposit or initial payment is made. By way of example, assuming the Pro Forma accounts for a baseline revenue target of $500,000.00, Management Incentive Payments hereunder would be paid in the manner set forth in Table B3. July $25,000.00 $0.00 August $25,000.00 $0.00 September $50,000.00 $0.00 October $100,000.00 $0.00 November $100,000.00 $0.00 December $200,000.00 $0.00 January $150,000.00 $7,500.00 February $150,000.00 $7,500.00 March $200,000.00 $8,000.00 April $200,000.00 $8,000.00 May $200,000.00 $8,000.00 June $200,000.00 $8,000.00 Any such Management Incentive Fee calculations shall be made by Manager within sixty (60) days of the ending of any Operating Year and paid to Manager within fifteen (15) days of delivery of same to Owner.
Sample 1

Related to Management Incentive Fee

  • Incentive Fee In the event that the actual costs for the development and construction of the Project are less than the Projected Project Costs (such difference being referred to as the "Savings"), fifty percent (50%) of the Savings shall be paid to the Developer as an incentive fee.

  • 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.

  • Base Management Fee The Base Management Fee shall be calculated at an annual rate of 2.0% of the Company’s average gross assets. The Base Management Fee shall be payable quarterly in arrears, and shall be calculated based on the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters. All or any part of the Base Management Fee not taken as to any quarter shall be deferred without interest and may be taken in such other quarter as the Adviser shall determine. The Base Management Fee for any partial month or quarter shall be appropriately pro rated.

  • Management Fee For all services to be rendered, payments to be made and costs to be assumed by you as provided in sections 2, 3, and 4 hereof, the Trust on behalf of the Fund shall pay you in United States Dollars on the last day of each month the unpaid balance of a fee equal to the excess of (a) 1/12 of .55 of 1 percent of the average daily net assets as defined below of the Fund for such month; provided that, for any calendar month during which the average of such values exceeds $250,000,000 the fee payable for that month based on the portion of the average of such values in excess of $250,000,000 shall be 1/12 of .52 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $1,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $1,000,000,000 shall be 1/12 of .50 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $2,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $2,500,000,000 shall be 1/12 of .48 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $5,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $5,000,000,000 shall be 1/12 of .45 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds $7,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $7,500,000,000 shall be 1/12 of .43 of 1 percent of such portion; provided that, for any calendar month during which the average of such values exceeds 10,000,000,000, the fee payable for that month based on the portion of the average of such values in excess of $10,000,000,000 shall be 1/12 of .41 of 1 percent of such portion; and provided that, for any calendar month during which the average of such values exceeds 12,500,000,000, the fee payable for that month based on the portion of the average of such values in excess of $12,500,000,000 shall be 1/12 of .40 of 1 percent of such portion; over (b) any compensation waived by you from time to time (as more fully described below). You shall be entitled to receive during any month such interim payments of your fee hereunder as you shall request, provided that no such payment shall exceed 75 percent of the amount of your fee then accrued on the books of the Fund and unpaid.

  • Subordinated Incentive Fee Upon Listing, the Advisor shall be entitled to the Subordinated Incentive Fee in an amount equal to 15.0% of the amount by which (i) the market value of the outstanding Shares of the Company, measured by taking the average closing price or the average of the bid and asked price, as the case may be, over a period of 30 days during which the Shares are traded, with such period beginning 180 days after Listing (the “Market Value”), plus the total of all Distributions paid to Stockholders (excluding any stock dividends) from the Company’s inception until the date that Market Value is determined, exceeds (ii) the sum of (A) 100% of Invested Capital and (B) the total Distributions required to be paid to the Stockholders in order to pay the Stockholders’ 8% Return from inception through the date Market Value is determined. The Company shall have the option to pay such fee in the form of cash, Shares, a promissory note or any combination of the foregoing. The Subordinated Incentive Fee will be reduced by the amount of any prior payment to the Advisor of a Subordinated Share of Cash Flows. In the event the Subordinated Incentive Fee is paid to the Advisor following Listing, no other performance fee will be paid to the Advisor. In addition, the Subordinated Incentive Fee may or may not be taken, in whole or in part, as to any period in the sole discretion of the Advisor. All or any portion of the Subordinated Incentive Fee not taken as to any period shall be deferred without interest and may be paid in such other period as the Advisor shall determine.

  • Investment Management Fee For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the monthly management fee rate (including performance adjustments, if any) that the Portfolio is obligated to pay the Advisor under its Management Contract with the Advisor, multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month. If in any fiscal year the aggregate expenses of the Portfolio exceed any applicable expense limitation imposed by any state or federal securities laws or regulations, and the Advisor waives all or a portion of its management fee or reimburses the Portfolio for expenses to the extent required to satisfy such limitation, the Investment Management Fee paid to the Sub-Advisor will be reduced by 50% of the amount of such waivers or reimbursements multiplied by the fraction determined in (ii). If the Sub-Advisor reduces its fees to reflect such waivers or reimbursements and the Advisor subsequently recovers all or any portion of such waivers and reimbursements, then the Sub-Advisor shall be entitled to receive from the Advisor a proportionate share of the amount recovered. To the extent that waivers and reimbursements by the Advisor required by such limitations are in excess of the Advisor's management fee, the Investment Management Fee paid to the Sub-Advisor will be reduced to zero for that month, but in no event shall the Sub-Advisor be required to reimburse the Advisor for all or a portion of such excess reimbursements.

  • Management Fees (a) In consideration of the services provided by the Investment Manager, each class of a Fund shall pay to the Investment Manager a management fee that is calculated as described in this Section 6 using the fee schedules described herein.

  • Collateral Management Fee Borrower shall pay Lender as additional interest a monthly collateral management fee (the “Collateral Management Fee”) equal to .083% per month calculated on the basis of the daily average amount of the balances under the Revolving Facility outstanding during the preceding month. The Collateral Management Fee shall be payable monthly in arrears on the first day of each successive calendar month (starting with the month in which the Closing Date occurs).

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

  • 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.

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