Common use of Performance Compensation Award Clause in Contracts

Performance Compensation Award. As of the Effective Date, pursuant to the LTIP, the Company shall grant to me a Performance Compensation Award that provides for cash payments to me equal to 2% of any payments received by the Company as incentive management fees paid by CT Mezzanine Partners III, Inc. (“Fund III”) (representing 5% of the fees allocated to employees of the Company). The Performance Compensation Award shall (unless otherwise provided for herein) vest as follows: 65% shall be vested as of the Effective Date and the remaining 35% shall be vested upon the Company’s receipt of the incentive management fees.

Performance Compensation Award. (i) As of the Effective Date, pursuant to the LTIP, subject to shareholder approval thereof, the Company shall grant to me a Performance Compensation Award that provides for a cash payments payment to me equal to 28% of any payments received by the Company as incentive management fees paid by CT Mezzanine Partners III, Inc. (“"Fund III”) (representing 5% of the fees allocated to employees of the Company"). The Performance Compensation Award , which shall (unless otherwise provided for herein) vest as follows: 65% shall be vested as of the Effective Date close of the investment period for Fund III and the remaining 35% shall be vested upon the Company’s 's receipt of the incentive management fees.

Performance Compensation Award. As of the Effective Date, pursuant to the LTIP, the Company shall grant to me a Performance Compensation Award that provides for cash payments to me equal to 24% of any payments received by the Company as incentive management fees paid by CT Mezzanine Partners III, Inc. (“"Fund III”") (representing 510% of the fees allocated to employees of the Company). The Performance Compensation Award shall (unless otherwise provided for herein) vest as follows: 65% shall be vested as of the Effective Date and the remaining 35% shall be vested upon the Company’s 's receipt of the incentive management fees.

Performance Compensation Award. As of the Original Effective Date, pursuant to the LTIP, the Company shall grant granted to me a Performance Compensation Award that provides for cash payments to me equal to 2% of any payments received by the Company as incentive management fees paid by CT Mezzanine Partners III, Inc. (“Fund III”) (representing 5% of the fees allocated to employees of the Company). The Performance Compensation Award shall (unless otherwise provided for herein) vest as follows: 65% shall be vested as of the Effective Date and the remaining 35% shall be vested upon the Company’s receipt of the incentive management fees.