Performance Fee Payments Sample Clauses

Performance Fee Payments. No later than twenty Business Days following the date on which the Company Group (or Buyer or its Affiliates on their behalf) receives any of the Performance Fees in respect of any period beginning prior to the Closing (each, a “Performance Fee Calculation Period”), Buyer shall make (or cause to be made) a payment by Wire Transfer to Seller in an amount equal to (a) the total amount of any such Performance Fees for the applicable Performance Fee Calculation Period (net of any Taxes, if any, due with respect to the portion of such fees paid for the period ending on the Closing Date) multiplied by (b) a fraction, the numerator of which is the number of days from (and including) the first day of the applicable Performance Fee Calculation Period until (and including) the Closing Date and the denominator of which is the total number of days in the applicable Performance Fee Calculation Period, and shall provide a calculation of such amount in reasonable detail to Seller together with such payment. Any such payments in respect of the same Performance Fee Calculation Period may be aggregated so that a single payment is made to Seller. Notwithstanding the foregoing, the amount of any such payment shall be reduced to the extent that the applicable Performance Fees in respect of performance periods ending on or prior to the Closing Date are accrued on the Final Closing Balance Sheet (and, in the event of a Disagreement as to the amount of any such accrual, the portion of such payment that relates to such Disagreement shall be made no later than five Business Days following the final termination date determined under Section 1.4(f)). Buyer acknowledges and agrees that, prior to the Closing, with the prior written consent of Buyer (such consent not to be unreasonably withheld), Seller may cause the Company Group to assign to Seller or one of its Affiliates the right of the Company Group to any such payment; provided, that, such assignment does not result in any adverse financial or other consequences to Buyer. In the event that such assignment is not possible or otherwise as may be reasonably requested by Seller, Buyer and Seller agree to cooperate in good faith to structure the payments contemplated by this Section 1.6 in a manner that is mutually tax efficient.
Sample 1
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Related to Performance Fee Payments

  • Performance Fee The fee payable to the Advisor upon termination of this Agreement under certain circumstances if certain performance standards have been met pursuant to Section 4.03(b) or (c).

  • 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 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

  • 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.

  • Fee Payment To pay the required Commission filing fees relating to the Notes within the time period required by Rule 456(b)(1) of the Rules and Regulations without regard to the proviso therein and otherwise in accordance with Rule 456(b) and 457(r) of the Rules and Regulations;

  • 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.

  • Bonus Payment Executive will receive a lump-sum payment equal to one hundred fifty percent (150%) of the higher of (A) the greater of (x) Executive’s target bonus for the fiscal year in which the Change of Control occurs (as in effect immediately prior to the Change of Control) or (y) Executive’s target bonus as in effect for the fiscal year in which Executive’s termination of employment occurs, or (B) Executive’s actual bonus for performance during the calendar year prior to the calendar year during which the termination of employment occurs. For avoidance of doubt, the amount paid to Executive pursuant to this Section 3(b)(iii) will not be prorated based on the actual amount of time Executive is employed by the Company during the fiscal year (or the relevant performance period if something different than a fiscal year) during which the termination occurs.

  • Bonus Payments No employee shall be required or requested to make any written or verbal agreement that will conflict with the terms of this Agreement. All employees must be paid weekly for all hours worked as provided in this Agreement. Any bonuses, commissions or other methods of payments over and above the requirements of this Agreement shall be in addition to the requirements of this Agreement and may not be used to offset such contractual requirements and shall not be subject to negotiations.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

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