Special Distribution Incentive Compensation. If the Special Cash To Be Distributed in a Special Distribution exceeds the Aggregate Target Special Distribution Amount for such Special Distribution, the Partnership shall, subject to Section 2.3, pay the General Partner, out of Special Cash To Be Distributed, incentive compensation equal to (a) 15% of the portion of the Special Cash To Be Distributed which (i) exceeds 100% of the Aggregate Target Special Distribution Amount and (ii) is not more than 115% of the Aggregate Target Special Distribution Amount, plus (b) 25% of the amount (if any) by which the Special Cash To Be Distributed exceeds 115% of the Aggregate Target Special Distribution Amount.
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Samples: Incentive Compensation Agreement (Buckeye Partners L P), Incentive Compensation Agreement (Buckeye Partners L P)
Special Distribution Incentive Compensation. If the Special Cash To Be Distributed in a Special Distribution exceeds the Aggregate Target Special Distribution Amount for such Special DistributionDistribution and such Special Cash To Be Distributed is distributed to the Limited Partners as provided in the Partnership Agreement, the Partnership shall, subject to Section 2.3, pay the General Partnerto Holdco, out of Special Cash To Be Distributed, incentive compensation equal to (a) 15% of the portion of the Special Cash To Be Distributed which (i) exceeds 100% of the Aggregate Target Special Distribution Amount and (ii) is not more than 115% of the Aggregate Target Special Distribution Amount, plus (b) 25% of the amount (if any) by which the Special Cash To Be Distributed exceeds 115% of the Aggregate Target Special Distribution Amount.
Appears in 1 contract
Samples: Incentive Compensation Agreement (Buckeye Partners L P)
Special Distribution Incentive Compensation. If the Special Cash To Be Distributed in a Special Distribution exceeds the Aggregate Target Special Distribution Amount for such Special Distribution, the Partnership shall, subject to Section 2.3, pay the General Partner, out of Special Cash To Be Distributed, incentive compensation equal to (a) 15% of the portion of the Special Cash To Be Distributed which (i) exceeds 100% of the Aggregate Target Special Distribution Amount and (ii) is not more than 115% of the Aggregate Target Special Distribution Amount, plus (b) 25% of the amount (if any) by which the Special Cash To Be Distributed exceeds 115% of the Aggregate Target Special Distribution Amount.. 2.3
Appears in 1 contract
Samples: Incentive Compensation Agreement (Buckeye Partners L P)
