Payment of Incentive Management Fee Sample Clauses

Payment of Incentive Management Fee. On the sixtieth (60) day after the end of each Fiscal Year during the Term of this Agreement, Manager shall be paid out of the Operating Account the Incentive Management Fee for the preceding Accounting Period, if any, as determined from the books and records referred to in Article XV.
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Payment of Incentive Management Fee. On the ninetieth (90) day after the end of each Fiscal Year (or following a sale as provided for in Section 11.1(b)) during the term of this Agreement, Manager shall be paid out of the Operating Account the Incentive Management Fee for the preceding Fiscal Year, if any, as determined from the books and records referred to in Article XV.
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Payment of Incentive Management Fee. The Incentive Management Fee shall accrue at the rate provided for in Section 3.2(b) and shall be paid from the Net Cash Flow of the Hotel not less frequently than quarterly; provided, however, that if Owner also owns, directly or indirectly, the Chicago Hotel, the amount of the Incentive Management Fees currently payable shall be determined on the basis of the combined Net Cash Flows of the Hotel and the Chicago Hotel. Westin shall determine the amount of the Hotel Net Cash Flow available for payment of Incentive Management Fees in accordance with the following priorities:
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Payment of Incentive Management Fee. The Incentive Management Fee shall accrue at the rate provided for in Section 3.2(b) and shall be paid from the Net Cash Flow of the Hotel not less frequently than quarterly; provided, however, that if Owner also owns, directly or indirectly, the SF Hotel, the amount of Incentive Management Fees currently payable shall be determined on the basis of the combined Net Cash Flows of the Hotel and the SF Hotel. Westin shall determine the amount of the Net Cash Flow available for payment of Incentive Management Fees in accordance with the following priorities:
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Payment of Incentive Management Fee. Notwithstanding anything in this Agreement to the contrary, the Company and the Manager each acknowledge and agree that they will abide by Section 2(i) of the Override Agreement, as repeated herein:
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Payment of Incentive Management Fee. OPERATOR shall submit to CITY an invoice detailing Golf Operating Gross Revenues and Food and Beverage Gross Revenues received in the prior completed Operating Years no later than July 30 of each year and outlining a calculation of any Incentive due. CITY shall pay OPERATOR the Incentive no later than thirty (30) days following receipt of the statement and supporting documents.
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Related to Payment of Incentive Management Fee

  • Incentive Management Fee In addition to the Management Fee, RREM shall, on an annual basis, pay to Manager, an Incentive Management Fee equal to thirty percent (30%) of the actual income for each calendar year in excess of 110% of the budgeted income for such calendar year, not to exceed $7,500.

  • Base Management Fee The Base Management Fee will be calculated at an annual rate of 2.0% of the Company’s gross assets, exclusive of cash and cash equivalents. The base management fee will be payable quarterly in arrears and will be calculated based on the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters (and, in the case of our first quarter, our gross assets as of such quarter-end). The base management fee may or may not be taken in whole or in part at the discretion of the Adviser. All or any part of the base management fee not taken as to any quarter will be deferred without interest and may be taken in such other quarter as the Adviser will determine. The base management fee for any partial month or quarter will be appropriately prorated.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Management Fees and Compensation No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except:

  • Payment of Management Fee To facilitate the payment of the Management Fee as provided in Section 5.1 hereof, the Practice hereby expressly authorizes Professional Business Manager to make withdrawals of the Management Fee from the Professional Practice Account as such fee becomes due and payable during the Term in accordance with Section 3.10(a) and after termination as provided in Section 6.3. Professional Business Manager shall deliver to the Practice an invoice for the Management Fee accompanied by a reasonably detailed statement of the information upon which the Management Fee calculation is based.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 55 to 59 100% 60 80% 61 60% 62 40% 63 20% 64 0%

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

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